Cheapest car insurance companies

Cars are special assets, intimate to heart. However their lives are not completely ensured and are vulnerable to damage issues anywhere. Thus the best option lies to choose for a car insurance company that will not only look after your car but also your individual needs in monetary and satisfaction perspectives.

Car insurnace

If your car insurance policy is now due for a renewal process and you are caught in two minds whether to continue or opt for a new one. Certain companies may arrive at your rescue as decided by the Auto Insurance Customer Satisfaction Index Ranking.

  • ICICI Lombard- a prominent name in matters of car insurance policies offered as according to recent study, the company features the top brand in matters of customer satisfaction. Indeed the customer- company interaction and other dimensions of policy like purchase and renewal, billing and payments etc. mark standard credibility of the company.
  • Oriental insurance company- your car may be a luxury but motor insurance is undeniably a necessity. With this motto, the insurance company caters all its services and thus ranks second.
  • National Insurance company- this company with its long traditional backgrounds has loyally looked after the needs of the consumer –customer. It has a scored performance of 764 out of 1000 points.
  • New India Assurance Company-the company is devoted towards the interests of car insurance since a long time and has bagged a score of 763 in parameters of its performance.
  • Bajaj Allianz- with a score of 761 points, this company has looked after the consumer’s interests. Its policies are diverse and user-friendly.

3rd party car insurance advantage

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Some car insurance companies also incorporate within their plans services extended to third parties like the passenger or damage caused to some third party’s property. The present customer should decisively choose for such companies in order to guarantee the security of the third party. Going for such policies would ensure a hassle-free reclaim of money in case of any unwanted emergencies. Even the coverage of a personal accident rider is permissible in the claims of Third Party Motor Policy. Bajaj Allianz is one such company that notably renders third party insurance policies.

  • Tata AIG Insurance- this company has been a trustworthy name in the industry of car insurance and has a score of 760 points.
  • United India Insurance Company- this company envisions gifting your car the best security and it holds a score of 755 points.
  • Reliance General Insurance –having a score of 754 points ranks eighth in its order of performance.
  • HDFC Ergo- with its score of 747 points, it appears as the ninth rank holder in motor insurance.
  • Royal Sundaram-this is the tenth ranking company reliable for car insurance purposes.

Car Insurance cost and period

The car insurance services offered by each company are of varying degrees and types. Therefore the insurance costs and the periods covered by them are also of diverse natures. The costs are somewhat influenced by factors like installation charges and the EMI scheme chosen by the consumer. Therefore these factors are highly responsible for the costs to be incurred by the customer while choosing for a car insurance policy.

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