Today car is no more a luxury but a basic need especially if you live in urban cities of the country. With the rise of number of cars coming on to the road there is a greater risk of accidents and other unforeseen things.

If you have a car then you would like it to get insured as soon as possible. Taking out your car without insurance is a great risk. You cannot afford to lose money for repairing damaged car. On the other hand, its an offence and you will have pay a heavy fine if you are caught without insurance by a traffic police.

Hence, we wrote down an article to tell you some of the auto insurance companies in India. You could choose anyone of them and talk to their customer support to know more about various insurance plans. Choose the one with the lowest rate and maximum claim settlement ratio.

All these companies are reputed insurance companies. Most of these companies are also provide life insurance and health insurance.

Ranking System: We have ranked companies on the basis of their popularity and the customer support given by them. Moreover, we ranked it on basis of talking to satisfied customers.

Auto Insurance Companies

So here are these 10 auto insurance companies.

1. ICICI Lombard

  • Established Year and Key People: Established in year 2001, CEO is Chanda Kochar and MD is Bhargav Dasgupta.
  • Business Services: General Insurance – Car and Two Wheeler Insurance, Motor insurance, Travel Insurance, Export Import Solutions and other general insurance services
  • Revenue: Rs 140 Crore to Rs 150 Crore
  • Corporate Office: Mumbai, Maharashtra
  • Employees and Operations: 4500 to 5000
  • Website: www.icicilombard.com

2. HDFC Ergo

  • Established Year and Key People: HDFC Ergo was established in year 2002 and Ritesh Kumar is the current CEO and MD
  • Business Services: Vehicle Insurance, Accident Insurance, Private Car Insurance, Commercial Vehicles, Two Wheelers Insurance, Travel Insurance
  • Revenue: Rs 90 Crore to Rs 120 Crore
  • Corporate Office: Mumbai, India
  • Employees and Operations: Over 1500 staff members with operations in 71 cities and 80 branches
  • Website: www.hdfcergo.com

3. Tata AIG

  • Established Year and Key People: Tata AIG a joint venture with AIG was founded in year 2001 and K K Mishra is the CEO
  • Business Services: Motor Insurance, Travel Insurance, Individual Personal Accident,
  • Revenue: Net Profit of Rs 52 Crore to Rs 55 Crore
  • Corporate Office: Mumbai, India
  • Employees and Operations: Over 2000 employee in 160 different locations across the country
  • Website: www.tataaiginsurance.in

4. United India Insurance Ltd

  • Established Year and Key People: United India Insurance Ltd is solely owned by government of India founded in 1938and Milind Kharat is the Chairman.
  • Business Services: Personal Policy – Personal Accident and Commercial Policy – Motor Insurance
  • Revenue: Net Worth is Rs 4588 Crore to Rs 5000 Crore
  • Corporate Office: Chennai, India
  • Employees and Operations: Over 18,000 employees with 1350 offices and over 1 crore policy holders around the country.
  • Website: uiic.co.in/home

5. Mahindra Insurance

  • Established Year and Key People: Mahindra Insurance founded in 1991 and Ramesh Iyer is the MD
  • Business Services: Vehicle Loans and Insurance, Motor Insurance, Travel Insurance, Personal Accident Insurance
  • Revenue: Revenue is $650 Million
  • Corporate Office: Mumbai, India
  • Employees and Operations: Over 11,000 employees with 650+ offices and 2.5 million customers
  • Website: www.mahindrafinance.com

6. Bharti Axa

  • Established Year and Key People: Bharati Axa stated its nationwide operation in 2008 and it is an ISO certified company.
  • Business Services: Car Insurance and Two Wheeler Insurance, Personal Accident
  • Revenue: Rs 800 Crore to Rs 1000 Crore
  • Corporate Office: Mumbai, India
  • Employees and Operations: Over 3000 employees spread over 58+ branches across India
  • Website: www.bharti-axagi.co.in

7. PNB Motor Insurance

  • Established Year and Key People: PNB was established in year 1885 and K R Kamath is the current CEO
  • Business Services: Private Car Insurance and Personal Accident Cover
  • Revenue: Net Profit is Rs 2500 Crore to Rs 2600 Crore
  • Corporate Office: New Delhi, India
  • Employees and Operations: Over 1000 employees spreading across the country
  • Website: www.pnbindia.in

8. Axis Motor Insurance

  • Established Year and Key People: Axis Motor Insurance established in 2006 and ShikhaSharma is the current CEO
  • Business Services: Motor Insurance and Travel Insurance
  • Revenue: Rs 3,40,561 Crore overall revenue of the company
  • Corporate Office: Mumbai, India
  • Employees and Operations: Over 1000 employees in major cities of the country
  • Website: www.axisinsurance.in/motor-insurance.htm

9. Oriental Insurance

  • Established Year and Key People: Oriental Insurance a public sector company founded in 1948. Dr A K Saxena is current MD of the bank
  • Business Services: Car Insurance, Two Wheeler Insurance, Accident Insurance
  • Revenue: Rs 1000 Crore to Rs 2000 Crore
  • Corporate Office: New Delhi, India
  • Employees and Operations: Over 900 all over India
  • Website: www.orientalinsurance.org.in

10. Future Generali

  • Established Year and Key People: Future Generali was established in year 2002 and G N Bajpai is the chairman
  • Business Services: Car Insurance, Two Wheeler Insurance, Personal Accident Insurance etc
  • Revenue: Rs 30 Billion in Revenue
  • Corporate Office: Mumbai, India
  • Employees and Operations: Over 14,000 employees in 4000 locations and 900 cities
  • Website: www.futuregenerali.in

So these were top 10 auto insurance companies in India. To find out more visit their website and talk to customer care.

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