The Best Car Insurance Companies with Claim Settlement Ratio 2020

Introduction

Choosing the right car insurance company is essential for a smooth claim settlement process. An insurance company with a high claim settlement ratio is more likely to provide better service and settle claims quickly. After all, you don’t want to be stuck with an insurer who won’t cover your claims. So, here’s a comprehensive list of the best car insurance companies in India with their claim settlement ratio 2020.

Bajaj Allianz General Insurance

Bajaj Allianz General Insurance is one of the leading car insurance providers in India. It has a claim settlement ratio of 96.13% as per IRDAI’s latest report. The company has an extensive network of cashless garages and provides various add-on covers to enhance your coverage. It also offers a number of discounts on car insurance premiums.

HDFC ERGO General Insurance

HDFC ERGO General Insurance is one of the major players in the car insurance market in India. It has a claim settlement ratio of 95.7%, according to IRDAI’s latest report. The company provides a wide range of coverage options and has a robust network of cashless garages. It also offers discounts on car insurance premiums.

ICICI Lombard General Insurance

ICICI Lombard General Insurance is one of the most trusted car insurance companies in India. It has a claim settlement ratio of 95.66% as per IRDAI’s latest report. The company provides a wide range of coverage options and has a robust network of cashless garages. It also offers discounts on car insurance premiums.

Conclusion

Choosing the right car insurance company is essential for a smooth claim settlement process. An insurance company with a high claim settlement ratio is more likely to provide better service and settle claims quickly. The above-mentioned companies are some of the best car insurance companies in India with their claim settlement ratio 2020.