Best Car Insurance Companies in india

There are a bevy of options when it comes to Car Insurance Policies in this country. However, the requirement of policy coverage varies between people. It is the reason as to why we recommend analyzing your requirements first place before going for purchase. Parameters such as network garages nearer to your location, the Insurer’s Claim Settlement Ratio, Premium among other things, must be factored in so that you get a clear idea about the Insurer. Mentioned below are certain parameters which would help you pick the best Insurance Policy in the market,

• Analyze your Insurance Needs

Before buying an Insurance policy for your cars, you must first analyze your insurance needs. You should know the amount of coverage you would require (comprehensive or third-party) and also the add-ons you would require. Most importantly, you should also have an idea about the premium and check if it is affordable by you

• Network Garages 

Network garages are workshops in tie-up with the Insurance Company through which you can get your car damages repaired on a cashless basis. Always choose a company that has maximum number of cashless garages spread across multiple locations, as it would help you even if you encounter accident during a travel

• Claim  Settlement Ratio

Claim Settlement Ratio abbreviated as CSR is the percentage of claims settled by the insurer out of the total claims received in one financial year. CSR is one of the major factors that determine the reputation and trustworthiness of the insurer. Pick the insurer with the highest CSR. 

• Riders

Riders or add-ons are additional packages that you can add to your comprehensive policy for additional protection. Riders go a long way in providing complete coverage to your cars. Zero depreciation cover, Protection of NCB, Roadside Assistance, Engine Protection Cover are some of the most sought after Car Insurance add-ons. 

• Financial Records

Checking the financial records is one of the best ways to know if the company would settle claims properly. You can go through the annual financial reports and check its solvency ratio so that you would get a better idea

• Customer Service

The reputation of an Insurance company depends largely on how good their customer service is. Buyers expect immediate attention from the service team to address their queries. It is always better to check the customer reviews of the concerned company in web portals before finalizing the purchase.