What Are The Companies That Offer The Best Car Insurance?

What Are The Companies That Offer The Best Car Insurance?

Investing in car insurance is the best kind of protection you can ensure for your vehicle. A good quality policy from a trusted brand prevents you from untoward expenses in the event of a mishap and lends you peace of mind.

While numerous companies offer different kinds of insurance plans, it is essential that you choose a car insurance policy that gives you greater benefits at affordable prices.

In this article, you can learn about the best car insurance companies and what it takes for an insurance brand to become customer friendly.

Which Company Offers The Best Car Insurance Plan?

The car insurance sector is one of the most competitive fields in business. Each company tries to outdo the other by providing something better that can attract customers. One might be confused while choosing an appropriate policy. However, at Coverfox.com, you can compare several trusted brands in a single window and decide for yourself as to which plan is best suited for your treasured vehicle.

Here are some of the companies that offer the best car insurance plans.

1. Bajaj Allianz General Insurance Co. Ltd.

Bajaj Allianz is one of the most trusted brands in the car insurance sector and has its business spread in almost every nook and corner of the country. Several experts rate it as the best insurance brand since it offers policies that are beaming with features and add-ons that you can buy at nominal prices. Instant communication regarding claims and renewal updates makes Bajaj Allianz a preferred choice of most customers.

2. The New India Assurance Co. Ltd.

New India is a government-owned insurance company. It has been a pioneer in the field of car insurance for some years now. Given the fact that it is the only Indian insurance brand to have been rated A- (Excellent) by A.M. Best Co., customers swear by the services that New India offers. With a high incurred claim ratio and a delightful customer service mechanism, this company is known for its hassle-free dealings and innovative car insurance policies.

3. Tata AIG General Insurance Co. Ltd.

Since its inception way back in 2011, TATA AIG has come a long way in establishing itself as one of the most reputed motor insurance companies in India. Not only does it offer cashless services at its authorized network garages during a car breakdown, but it also ensures that your claims are settled within a week of your application.

4. HDFC ERGO General Insurance Co. Ltd

Known for its widespread network of offices and network garages, HDFC ERGO is a name to reckon with. It is known for its exclusive add-ons and probably has something for every car owner. You do not have to worry about dealing with bulky paperwork since HDFC ERGO will insure your car without getting you involved in voluminous documentation. It also has a dedicated customer support team that has always believed in prioritizing the interests of its customers.

5. The Oriental Insurance Co. Ltd.

The Government of India solely owns The Oriental Insurance Co. Ltd. It is considered to be one of the most reliable names in the motor insurance industry. Several private insurance entities have come and gone by, but Oriental Insurance has always withstood competition owing to its high claim settlement ratio and insurance riders that provide value for money. Being a government company, you can certainly expect some great insurance plans without having to spend a fortune.

Which Company Is The Most Customer-Friendly?

While buying insurance, do not fall prey to glossy advertisements or fancy add-ons. Use your money wisely.

Take a look at the factors that make an insurance company customer friendly.

1. Customer Support

Choose a company that has a great grievance redressal system and has help centres close to the place you live to avoid unnecessarily travelling to settle your complaints.

2. Riders

A good insurance company is one that offers necessary riders at affordable prices. Go for companies that offer complimentary riders with your insurance policy to maximize your utility.

3. Easy Renewal

Avoid companies that have a cumbersome policy renewal process. Instead, opt for those who have an online purchase and renewal system.

4. Claim Settlement Procedure

An insurance company can be termed customer friendly only if it offers a smooth and easy claim settlement process. With numerous companies in the insurance industry, there is no dearth of reputed brands offering quick settlements.

Takeaway:

Handpick your car insurance company with great care and caution. Ensure that your choice of insurer makes your car insurance process as seamless as possible. After all, it’s all about customer satisfaction.