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Car Insurance
Starting From ₹2,094*/year only
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Owner-Driver Personal Accident (PA) Cover
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24/7 Roadside Assistance
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Engine Protection with Bi-Fuel Kit Cover
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No Depreciation Cover with many addons and advantages
Why InvestKraft?
*Disclaimers/Conditions Apply
Secure Your Car Today!
What is Car Insurance?
Car insurance is a policy that protects your car against financial losses from accidents, theft, or damage. It also covers injury or damage caused to other people or their property while driving.
Top Car Insurance Companies in India
The following are the companies providing the best car insurance in India:
| Car Insurance Company | Claim Settlement Ratio | Key Features | Application Link |
|---|---|---|---|
| National Insurance Co. Ltd. | 93% | Government-owned and a wide product range | Click to Apply |
| Go Digit General Insurance Ltd. | 96% | Repair Anywhere, Simplicity and digital processes | Click to Apply |
| Bajaj Allianz General Insurance Co. Ltd. | 98.50% | A variety of products with a strong online presence | Click to Apply |
| Cholamandalam MS General Insurance Co. Ltd. | 96% | Partnership with Mitsui Sumitomo | Click to Apply |
| Bharti AXA General Insurance Co. Ltd. | 97% | Insurance solutions made simple | Click to Apply |
| HDFC ERGO General Insurance Co. Ltd. | 99% | Elevated claim settlement ratio with a wide network | Click to Apply |
| Future Generali India Insurance Co. Ltd. | 96.30% | Partnership with the Generali Group | Click to Apply |
| The New India Assurance Co. Ltd. | 95% | One of the oldest insurers, government-owned | Click to Apply |
| Iffco Tokio General Insurance Co. Ltd. | 95.80% | Joint venture with Tokio Marine | Click to Apply |
| Reliance General Insurance Co. Ltd. | 98% | Wide range of insurance products | Click to Apply |
| Royal Sundaram General Insurance Co. Ltd. | 98.60% | First private sector insurer licensed in India | Click to Apply |
| The Oriental Insurance Co. Ltd. | 94% | Government-owned, diverse product offerings | Click to Apply |
| Tata AIG General Insurance Co. Ltd. | N/A | Joint venture with American International Group | Click to Apply |
| SBI General Insurance Co. Ltd. | 100% | High claim settlement ratio, extensive network | Click to Apply |
| Acko General Insurance Ltd. | 97.20% | Digital-first approach, low premium products | Click to Apply |
| Navi General Insurance Ltd. | N/A | Wholly owned subsidiary of Navi Technologies | Click to Apply |
| Zuno General Insurance Ltd. (formerly Edelweiss) | 98% | Focus on customer-centric products | Click to Apply |
| ICICI Lombard General Insurance Co. Ltd. | 96.75% | Comprehensive coverage options | Click to Apply |
| Kotak Mahindra General Insurance Co. Ltd. | 98% | Diverse insurance products, strong customer service | Click to Apply |
| Liberty General Insurance Ltd. | 97.30% | Quick claim settlements, focus on customer service | Click to Apply |
| Magma HDI General Insurance Co. Ltd. | 92.34% | Transparent operations, various product offerings | Click to Apply |
| Raheja QBE General Insurance Co. Ltd. | 92% | Focus on corporate and retail insurance | Click to Apply |
| Shriram General Insurance Co. Ltd. | 96% | Strong presence in rural insurance | Click to Apply |
| United India Insurance Co. Ltd. | 95% | Government-owned, extensive product range | Click to Apply |
| Universal Sompo General Insurance Co. Ltd. | 96% | Joint venture with multiple partners | Click to Apply |
For car insurance renewal and other insurance, InvestKraft can provide you with the best options.
Benefits of Car Insurance from InvestKraft
When you buy your car insurance, you get many benefits, like:
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Maximum Coverage:
Get financial protection against theft, accidents, fire, floods, and even third-party liabilities.
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Personal Accident Cover:
Coverage for both the owner and the driver in case of accidental injuries or death.
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Lowest Premiums:
Compare top insurers and choose the best plan at the most affordable rate.
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Instant Policy Done:
No long waits. Get your policy in minutes with a 100% digital, zero paperwork process.
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Cashless Repairs at 5000+ Garages:
Nationwide network to get your car back on the road, without paying upfront.
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Easy Renewals with Reminders:
We will send you a reminder to renew your car insurance, so you do not have to worry.
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Zero Hidden Charges:
We have completely transparent pricing, so no surprises later.
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Customised Add-Ons:
From engine protection, zero depreciation cover to recharge as per kilometres, you can get your own customised policy.
What is Covered and What is Not Covered in Car Insurance Policy?
The following is the list of inclusions and exclusions in your car insurance policy:
What is Covered?
- Damage to the vehicle in an accident or mishap
- Natural disasters like floods and earthquakes (acts of God)
- Transit damage
- Damage from fire, theft, riots, strikes, terrorism
- Damage to the vehicle due to internal technical problems
What is Not Covered?
- Driving under the influence of alcohol or drugs
- Driving without a valid driving license
- Rash or negligent driving
- Using the vehicle for illegal activities
- Driving outside India (unless specifically covered in your policy)
- Normal wear and tear (depreciation)
Give Complete Protection to your Car. Buy Your Car Insurance Now.
Check Plans Now!
More Details About Car Insurance
Let us understand more details about car insurance from the following bullet points:
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Car insurance is a legal contract between you and an insurance company.
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The insurance company provides financial assistance in case your car is met with an accident, theft, fire or natural disaster.
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With certain car insurance, you can also get financial assistance in case of personal or driver injury.
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In India, it is mandatory by law to have at least a third-party car insurance policy.
What are the Types of Car Insurance in India?
Now, let us see the types of car insurance available in India:
Third-Party Liability Only Cover
- This is the bare minimum you need by law (as per the Motor Vehicles Act, 1988) and is a cheap car insurance.
- Covers damages caused to another person’s vehicle, property, or physical injury.
- Doesn’t cover damage to your car or physical injury to you.
- Good for those who want to stay legal without spending much.
Own Damage (OD) Cover
- Covers damage to your car due to accidents, fire, theft, and more
- Premium depends on your car’s age and market value (also known as Insured Declared Value or IDV).
- Good for those who want basic protection for their vehicle.
Personal Accident Cover
- Covers medical expenses if you or your passengers are injured in an accident.
- In case of permanent disability or death, compensation is given to the nominee.
- We recommend this one as your life matters more than your car.
Comprehensive Car Insurance
- Covers both third-party and own damage.
- Also protects against theft, fire, and natural disasters.
- More expensive, but worth it.
- Great for those who have recently purchased a new car and want peace of mind.
Commercial Vehicle Insurance
- For vehicles used for business (delivery vans, taxis, and similar vehicles).
- Covers both third-party and own damage.
- An absolute for business owners and fleets.
Uninsured Motorist Protection
- If someone without insurance crashes into you, this cover saves you.
- Pays for medical bills and repairs.
- This is a smart choice because not everyone follows the rules.
Car Insurance in Just Few Minutes
Click to Know.
What is the Difference Between Comprehensive and Third-Party Car Insurance?
To answer this question, let us compare these two types of car insurance policies in detail with the table below:
| Feature | Comprehensive | Third-Party Only |
|---|---|---|
| What it Covers | Your car + third-party | Only third-party |
| Legal Requirement | Not compulsory | Mandatory |
| Premium | Higher | Lower |
| Add-ons | Yes (like Zero Dep Car Insurance and others) | No |
| Theft/Natural Disaster | Covered | Not covered |
| Ideal For | New cars, better safety | Old cars, budget buyers |
So, if you own a brand new car or a luxury car, we suggest that you go for comprehensive car insurance for complete peace of mind. However, if you own a used car or your car is old, you can go for third-party insurance as it is mandatory by the Motor Vehicles Act of India. To buy car insurance online, all you need to do is enter a few details to get a free quote.
Frequently Asked Questions (FAQs)
Yes — under the Motor Vehicles Act, 1988, every car plying on a public road must have at least a valid
third-party insurance
policy; driving without it is a criminal offence under Section 196 of the Act.
Three types — Third-Party Only
(mandatory, covers damage to others),
Standalone Own Damage
(covers only your car),
and Comprehensive
(covers both third-party liability and own damage).
It covers your legal liability for bodily injury, death, or property damage caused to a third party by your car — it does not cover any damage to your own vehicle.
A
comprehensive policy
covers both third-party liability and damage to your own car due to accidents, theft, fire, floods, earthquakes, riots, and other natural or man-made perils.
A standalone OD policy covers only the damage to your own vehicle — you must have a separate third-party policy running alongside it; useful for those who already
have third-party coverage
.
