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Compare Car insurance

Looking for the right insurance plan for your car can be quite confusing sometimes. For a beginner, it is not sometimes but everytime. Do you often face the same problem mentioned above? Do not worry about it, you are not the only one.

  • What if we told you that, now, you can compare top quotes from the best car insurance providers in India on a single webpage. That too, free of cost! Given this situation, you will definitely compare. Why? options are always good for your wallet.

  • Through online comparison, not only can you get the best deal but also a variety of value added benefits such as discount, additional cover, no claim bonus, portability and the list goes on.

Comparison of Online vs Offline Process

Criteria Online Offline
Reach
  • You can easily visit the website of each insurer from the comfort of your home/office
  • You will have to physically visit the branch of every motor insurer
  • Compare
  • You can compare multiple policies from different insurers on a single webpage
  • You will need to gather details of every insurer manually for comparison
  • Paperless
  • The entire process is paperless
  • The entire process is full of physical documents and signatures
  • Documents
  • The policy documents and wording are available on the website of the insurer and can be downloaded for free
  • You will have limited information as it is difficult to physically obtain policy documents of each insurer
  • Time-Saving
  • The payment can be made online and the policy will be delivered within 24 hours on your email
  • The payment can be made via cash/cheque and the policy is usually delivered via post within 7 business working days
  • So why wait? Compare car insurance quotes today on Coverfox - India’s largest digital insurance broker.

    Best Car Insurance Companies for 2020 in India

    Car Insurance Company No of Cashless Garages Incurred Claim Ratio for 2018-19
    United India Car Insurance 700+ 120.79%
    Universal Sompo Car Insurance NA 88%
    Tata AIG Car Insurance NA 70%
    Shriram Car Insurance 1500+ 69%
    SBI Car Insurance 5400+ 87%
    Royal Sundaram Car Insurance 4600+ 89%
    Reliance Car Insurance 3700+ 85%
    Raheja QBE Car Insurance (Paytm Insurance) 1000+ 102%
    Oriental Car Insurance NA 112.62%
    New India Assurance Car Insurance 1100+ 87.54%
    National Car Insurance NA 127.50%
    Liberty Car Insurance 4300+ 70%
    Kotak Mahindra Car Insurance 1000+ 74%
    IFFCO Tokio Car Insurance 4300+ 87%
    HDFC ERGO Car Insurance 6800+ 82%
    Future Generali Car Insurance 2500+ 69%
    Edelweiss Car Insurance 1000+ 145%
    Digit Car Insurance 1400+ 76%
    Cholamandalam Car Insurance 6900+ 84%
    Bharti AXA Car Insurance 5200+ 75%
    Bajaj Allianz Car Insurance 4000+ 62%

    Here is a list of the top car insurance providers in India with their incurred claims ratio and cashless garage list.

    How to Compare Car Insurance Policy on Coverfox?

    All you need to do is follow these 5 steps to get your policy in 5 minutes. It is as simple as that!

    Step 1 - Visit Coverfox.com.

    Step 2 - Enter a few details about your car and click on submit.

    Step 3 - View the different quotes from various insurers and compare all of them.

    Step 4 - You can compare motor insurance on the basis of the insurer, CSR, IDV, Coverage, Add-ons, Voluntary Deductible, etc.

    Step 5 - Select the most suitable and pocket-friendly premium and buy the policy.

    Step 6 - Your policy will be available in your inbox within 5 minutes.

    Why Compare Car Insurance Online on Coverfox?

    At Coverfox, we completely understand that comparing car insurance is difficult. Especially with all those complex words and jargons for which you have no clue. To help you understand better, we make insurance simple and easy, just for you. With Coverfox on board, you can check & compare car insurance rates from the top car insurance companies in India instantly. A complete online comparison can be done from the comfort of your home or even on the go with mobile.

    In addition, here are some value-added benefits offered by Coverfox
    • Zero Depreciation Cover
      Insurance made Easy

      You get to understand the ideal coverage for your car, the right price, and possible discounts. You also get clarity about deductibles and exclusions. This fastens up your buying decisions.

    • Engine Protection
      Better Options

      With vast options to choose from, you can assure yourself the best policy that is apt for your car. While doing a comparison, you also get to know if there are new insurers in the market who have better schemes to offer.

    • NCB Protection
      Save Money

      You can save money in the overall process of buying comprehensive motor insurance by comparing policies. A side-by-side comparison gives you free quotes offered by various insurers.

    • Invoice Cover
      Transparent Process

      Comparing car insurance online is much better as you can clearly see details of the product that insurers offer. You can compare to see who is charging higher premiums and on what grounds. Further, you can also read reviews of different plans to make your choice.

    • Zero Depreciation Cover
      Post Sales Assistance

      For the repair or replacement expenses of plastic, rubber, glass and other materials which would otherwise not be covered in a regular policy.

    • Engine Protection
      Expert Advice

      We, at Coverfox, provide an unbiased opinion that clears all confusion and helps you buy that perfect plan for you.

    • NCB Protection
      Doorstep Services

      No more waiting for days to get your car back on the roads. Our Express Claims Service guarantees 3-day car repairs and claim settlement.

    • Invoice Cover
      Discounts

      Get up to 60% discounts on your own-damage premium. The discount rates vary for each Car make, model, and Regional Transport Organisation.

    Coverfox Advantage
    Excellent Customer Service
    Our service managers are there to help you with any concern from claims processing to car insurance renewals.
    Expert advice
    Learn More
    Online car insurance comparison platforms have tons of resources like videos, infographics, and articles to help you understand the finer points of Insurance. Be a smart and tech-savvy buyer and understand what you are buying.
    Post sales assistance

    Points to Consider While Comparing Car Insurance on Coverfox

    There are some things which cannot be missed. You must go through this list before making the final decision of buying a car cover.

    • Additional Covers - This includes the various riders available for your existing car insurance plan.

    • Coverage - Choose a car insurance plan which provides comprehensive coverage against third parties as well as own damage.

    • Car, make, model, and variant - These details help in determining the right cover and premium for your car.

    • Year of Manufacture - The year in which the car was manufactured.

    • Fuel Type - A car that consumes CNG, LPG as fuel or petrol or diesel.

    • Customer Reviews - Customer reviews from an existing policyholder will help you understand the insurer’s service better.

    • Claim Settlement Ratio - This is the total number of claims settled by the insurer against the total number of claims raised in a financial year. Choose an insurer with a high claim settlement ratio.

    • Network Garages - Opt for an insurance plan/insurer which has a wide range of network garages across India.

    Points to Consider While Comparing Car Insurance Premium on Coverfox

    If you are looking to lower the cost of your car insurance premium, look no further. Here are a few things to check while comparing insurance premiums for your car.

    • Insured Declared Value - A lower Insured Declared Value demands a lower premium to be paid and vice versa.
    • No Claim Bonus - With No Claim Bonus, you get up to 50% on your premium, for every consecutive claim-free year.
    • Geography and Location - The place where you live and purchase an insurance policy has a significant impact on the premium rates.
    • Security - You can get up to a 2.5% discount on your four-wheeler insurance premium if you have installed anti-theft devices approved by the Automotive Research Association of India.
    • Automobile Association of India Member - Membership of the Automobile Association of India, secures you a concession on your own-damage premium.
    • Type of Coverage.
    • Type of Engine and Engine Capacity.
    • Age and Voluntary Deductible.

    What are the Types of Car Insurance?

    There are 3 types of car insurance plans in India. Let us break them down for you.

    Third Party Liability Cover Comprehensive Car Insurance Policy
  • This plan compensates the damages to a third party and their property caused by the insured car.
  • This type of policy covers damages to the third party as well as your own car.
  • It is mandatory by law as per the India Motor Vehicles Act, 1988.
  • It includes IDV, third parties as well as own damage.
  • You can add a personal accident cover for additional protection.
  • It is best for those wanting to cover for losses for accidents and incidents such as theft and natural disasters.
  • Note: The term ‘IDV’ refers to the maximum claim your insurer will pay if your vehicle is damaged beyond repair or is stolen. Suppose the insured declared value (IDV) of your car is Rs. 8 lakhs while the purchase price was Rs. 10 lakhs, the insurer will disburse a maximum amount of Rs. 8 lakhs.

    Pay As You Drive Insurance

    • This plan charges a premium depending on the usage of the car.

    • It monitors the total distance travelled by your car.

    • Ideal for owners of multiple vehicles.

    You can buy third party insurance online for cars on Coverfox in combination with comprehensive cover.

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