Choosing the right car insurance can save money and stress during times of crisis. Indian roads have more than 30 crore vehicles registered, which increases the chance of accidents and other vehicular issues. This is the reason why picking the best car insurance in India matters more than ever.
The right policy protects your car, finances, and peace of mind. This blog will explain to you what truly matters so you can look into them while getting your car insurance.
Top 10 Factors to Look Into When Choosing the Best Car Insurance
Below are the top 10 factors that you can look into to get the best car insurance in India:
1.Type of Car Insurance Policy
Most of the insurance companies in India primarily offer three types of car insurance. They include third-party, standalone own-damage, and comprehensive. A minimum of third-party insurance is mandatory under the Motor Vehicles Act, 1988.
On the other hand, comprehensive plans offer wider protection. So, analyse your needs and choose the policy that suits you the best. Most experts recommend comprehensive cover when searching for the best car insurance in India, especially for new or high-value cars.
2.Specifications of Your Car
The specifications of your car, such as car age, fuel type, engine size, and usage, impact premiums. A diesel SUV’s car insurance will cost more than a petrol hatchback.
Insurance companies assess these specs before pricing. So, always match the policy to your car profile, especially during car insurance renewal, to avoid overpaying.
3.Adequate IDV
Insured Declared Value (IDV) reflects your car’s current market value. Low IDV reduces premiums but increases loss during theft or total damage.
So, remember to choose a realistic IDV for the best car insurance in India, not just the cheapest quote.
4.Claim Settlement Ratio
Claim Settlement Ratio (CSR) shows how many insurance claims the insurer settled in a year in comparison to the total number of filed claims.
This number reflects the insurer’s reliability. Higher CSR means faster and fairer claims. So, always check the CSR before buying or during car insurance renewal.
5.Claim Process
A smooth claim process matters more than low premiums. This is because you do not want your insurer to take a long time to process your claim while you are already trying to get your car back in good shape.
Insurers with app-based claims and 24×7 support provide a quick claim process. So, choose a digitally enabled insurer to get a fast claim process and the best car insurance in India.
6.Add-on Covers
Add-ons enhance car protection. In the Indian market, add-ons such as no claim bonus (NCB) cover, zero depreciation, engine protect, roadside assistance, and consumables cover add value.
For example, NCB covers and saves your NCB to get you 50% off your car insurance renewal even after making a claim. So, get appropriate add-ons for your car and save a lot.
7.Deductibles
Deductibles lower premiums but increase out-of-pocket expenses. Voluntary deductibles suit safe drivers with low claim histories.
Avoid high deductibles if you drive daily in traffic-heavy cities. If you balance deductibles, it can get you affordable yet the best car insurance in India.
8.Network Garages
Cashless repairs depend on network garages for the insurer. Leading insurers in India have thousands of network garages all across India.
A strong network reduces delays and upfront payments in claim settlements. So, always remember to check garage availability near your area before finalising your policy.
9.Customer Reviews
Customer feedback reflects an insurer’s service quality. Instead of relying only on ratings, check claim-related reviews carefully. Consistent positive experiences during claims are a strong indicator of the best car insurance in India.
10.Duration of Policy
Long-term policies lock premiums and make you inflation-proof. Longer tenure reduces annual price hikes and avoids penalties due to delayed car insurance renewal.
So, try to get long-term car insurance if you want stable premiums, uninterrupted coverage, and zero risk of missing your car insurance renewal.
Bottom Line
The best car insurance in India balances coverage, claims, and cost. Focus on IDV, a smooth claim process, useful add-ons, and reliable service quality. Never choose a policy only because it is cheap. Smartly evaluate your car’s usage, risk exposure, and personal needs to stay protected and avoid unexpected financial shocks.