Picture this: you are on the road, enjoying a peaceful drive when suddenly, bam! You are in a fender bender. Moments like these make you appreciate car insurance. However, here is the catch – not all car insurance companies are the same. That is where we come in. In this article, we are going to break down the big question: Acko, Bajaj Allianz, or New India Assurance – which one's the best car insurance company for you? We are here to help you navigate the twists and turns of car insurance, so you can hit the road with confidence, knowing you have the right coverage in your corner. Let us buckle up and find out which one does have your back!
Selecting the right car insurance company is akin to safeguarding your prized possession and financial well-being on the road. In the ever-evolving landscape of auto insurance, Acko, Bajaj Allianz, and New India Assurance emerge as formidable contenders. This article aims to dissect these three giants of the car insurance industry, delving into their offerings, coverage, pricing, customer service, and reputation. In the quest to determine which one reigns supreme, we will equip you with the knowledge needed to make a well-informed decision, ensuring that your vehicle remains not just well-covered but also in good hands.
| Key Points |
Acko Car Insurance |
Bajaj Allianz Car Insurance |
New India Assurance Car Insurance |
| Premium |
Save up to 85% at Rs. 2094* |
Starts at Rs. 2072* |
Starts at Rs. 2727* |
| Policy Issuance |
- 100% digitally-driven
- We offer services like 3-day doorstep delivery,
- 1-hour pickup, and instant repairs.
- You don't have to pay any extra cost to avail these services
|
- A user-friendly, digital-first approach to policy issuance.
- Enjoy the convenience of our swift services, including 3-day doorstep delivery, 1-hour pickup for repairs, and instant repair options.
- Best of all, there are no extra fees associated with these services when you opt for Bajaj Allianz for your policy issuance.
|
- A streamlined and efficient digital process.
- We provide convenient services, including prompt policy delivery within 3 days, 1-hour pickup for repairs, and instant repair options.
- Rest assured, there are no additional charges for these services when you choose New India Assurance for your policy issuance."
|
| Claim Settlement Ratio |
82.35% |
65.83% |
85.35% |
| Solvency Ratio |
1.91 |
3.45 |
2.13 |
| Branches |
200+ |
1100+ |
2214 |
| Claims Settled |
95.50% |
1.92 lakhs |
3.73 lakhs |
| Cashless Garages |
1300+ |
6000+ |
3000+ |
As mentioned above the values are for user reference only. For exact queries please refer to the website and compare quotes according to your needs.
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Why it is Important to Compare Car Insurance Companies?
Comparing car insurance companies is of paramount importance for several reasons:
- Cost Savings: Different insurers offer varying premium rates for similar coverage. You can find the most competitive pricing that suits your budget by comparing car insurance companies. This can lead to substantial cost savings over the long term.
- Tailored Coverage: Not all insurance policies are created equal. Comparing insurers allows you to assess the coverage options and tailor your policy to meet your specific needs. This ensures that you're not overpaying for coverage you don't require or missing out on crucial protections.
- Customer Service: The quality of customer service can vary significantly among insurance companies. By researching and comparing, you can choose a company known for its excellent customer support. This becomes especially important when you need to make a claim or seek assistance during stressful situations.
- Claims Process: An insurer's claims process can greatly impact your experience after an accident or loss. Some companies have streamlined, user-friendly claims processes, while others may be more cumbersome. Comparing insurers helps you select one with a claims process that aligns with your preferences.
- Financial Stability: Insurance is a promise to pay for covered losses, so you want to ensure that your chosen company has the financial strength to fulfill its commitments. Comparing insurers allows you to assess their financial stability and creditworthiness.
- Additional Benefits: Car insurance policies often come with various additional benefits, such as roadside assistance, rental car coverage, or discounts. By comparing companies, you can identify those that offer valuable extras that align with your needs.
- Reviews and Reputation: Learning from the experiences of others can be invaluable. By comparing car insurance companies, you can read reviews and assess the reputation of each insurer, gaining insights into how they treat their customers.
- Legal Requirements: Car insurance is a legal requirement in many places. Comparing companies ensures that you meet these legal obligations while also maximizing your protection.
In conclusion, comparing car insurance companies is a crucial step in securing the right coverage at the best possible price. It allows you to make an informed decision, tailor your policy, and ensure that you have a reliable partner to support you in case of unexpected events on the road.
Acko Car Insurance
Acko General Insurance understands that car insurance is a simple and effective way to protect your car from unforeseen risks such as accidents, thefts, fire, natural disasters, or third-party liabilities. To secure your car from various types of damages and losses, the insurance company offers two types of car insurance policies namely third-party car insurance policies and comprehensive car insurance policies both of which are available at affordable premium rates.
Acko Car insurance saves costs, complies with the law, and stays hassle-free with ACKO’s online car insurance policy. Stay safe Car insurance is a simple and effective way to protect your car from unforeseen risks such as accidents, thefts, fire, natural disasters, or third-party liabilities. Drive legal having valid third-party car insurance is mandatory by law when you are driving a car in India. Having good car insurance is a necessity to protect you from financial losses that come along with road accidents.
Acko General Insurance is a prominent digital insurance company that specializes in various insurance products, including car insurance, in India. Here's an overview of Acko car insurance:
- Digital-First Approach
- Simplified Insurance
- Innovative Products
- Paperless Transactions
- Customer-Centric Approach
- Strategic Partnerships
- Competitive Pricing
- Financial Stability.
Acko has gained recognition for its innovative and customer-centric approach to insurance. However, as with any insurance decision, it's essential for consumers to thoroughly research and compare their options to ensure that Acko's policies align with their specific needs and preferences.
Acko Car Insurance
Bajaj Allianz Car Insurance
Bajaj Allianz Car Insurance is a leading automobile insurance provider in India. It offers affordable insurance plans to its customers and has been offering the same for more than 80 years. Bajaj Allianz Team is here to help you navigate the journey of having your car insurance with a seamless process.
This policy covers the damages caused to the life and property of individuals, other than you, affected by an accident your car, unfortunately, becomes a part of. The other most common form of insurance is Comprehensive Car Insurance. It helps you cover the majority of the liabilities you might attract if your car is damaged in social unrest, natural calamity, or even gets stolen in a case of theft.
Bajaj Allianz General Insurance Company Limited is a well-established and reputable insurance company operating in India. Here's an overview of Bajaj Allianz car insurance:
- History and Background
- Range of Insurance Products
- Strong Market Presence
- Customer-Centric Approach
- Innovative Features
- Value-Added Services
- Financial Stability
- Awards and Recognitions
- Online Services
Bajaj Allianz is known for its reliability, wide range of insurance products, and customer-oriented approach. When considering car insurance options in India, Bajaj Allianz is often a preferred choice for many due to its strong market presence and commitment to serving the insurance needs of diverse customers.
Bajaj Allianz Car Insurance
New India Assurance Car Insurance
New India Assurance Car Insurance is a leading provider of car insurance in India. New India Assurance Car Insurance is a company that offers car insurance for both new and used cars. New India Assurance Car Insurance is a company that offers car insurance for both new and used cars. It's one of the leading providers in the country with over 24,000 employees, 1.3 million customers, and an annual turnover of Rs. 600 crore. New India Assurance Car Insurance provides cover against theft, fire, accidental damage to your vehicle, loss or damage to your vehicle while traveling abroad, and accidents caused by third-party negligence among other things. Their policies are designed to suit your needs and budget.
The New India Assurance Co. Ltd. is one of the oldest and most esteemed insurance companies in India. Here's an overview of New India Assurance car insurance:
- Established History
- Government Ownership
- Diverse Insurance Offerings
- Extensive Network
- International Presence
- Financial Strength
- Customized Insurance Solutions
- Customer Service
- Innovative Features
- Legacy of Trust
Overall, New India Assurance is a trusted name in the Indian insurance industry, known for its stability, diverse insurance offerings, and commitment to serving the insurance needs of a broad customer base. When considering car insurance options in India, New India Assurance is often a preferred choice for those seeking the assurance of a longstanding and reputable insurer.
New India Assurance Car Insurance
How to Compare Car Insurance Companies in India?
Comparing car insurance companies in India is a smart way to find the best coverage that suits your needs and budget. Here is a step-by-step guide on how to do it:
- Determine Your Needs
- Research Online
- Use Comparison Websites
- Read Reviews
- Check Claim Settlement Ratio
- Compare Premiums
- Assess Discounts and Offers
- Consider Add-Ons
- Customer Service
- Financial Stability
- Review Policy Terms and Conditions
- Finalize Your Choice
Remember that car insurance is a long-term commitment, so comparing and selecting the right insurer can provide you with peace of mind and financial security on the road.
Comparison of Acko Car Insurance vs Bajaj Allianz Car Insurance vs New India Assurance Car Insurance
Acko Car Insurance, Bajaj Allianz Car Insurance, and New India Assurance Car Insurance are prominent options in the Indian market. Acko stands out for its digital-first approach, offering a hassle-free and innovative insurance experience. Bajaj Allianz, a well-established player, excels in its diverse range of insurance products, customer-centric approach, and extensive network. New India Assurance, with its century-old legacy, offers reliability and financial stability, appealing to customers seeking the assurance of a government-owned insurer. Each insurer has its strengths, catering to different preferences, from tech-savvy consumers to those valuing long-standing trust and accessibility.
| Distinguish |
Acko Car Insurance |
Bajaj Allianz Car Insurance |
New India Assurance Car Insurance |
| Types of Policies |
- Third party car insurance
- Commercial car insurance
- Own damage car insurance
- Comprehensive car insurance
- Basic zero depreciation car insurance
- Personal accident cover.
|
- Third Party Car Insurance
- Comprehensive Car Insurance
- Standalone Own Damage Car Insurance
|
- Standalone OD (Own Damage)for Private Car
- Private Car
- Standalone CPA (Compulsory Personal Accident) Cover.
|
| Add-ons/Riders |
- Zero depreciation cover
- Key replacement cover
- Consumables cover
- No claim bonus (NCB) protection
- Personal accident cover for passengers
- Roadside assistance cover
- Outstation emergency cover
- Engine protection cover
- Return to invoice cover.
|
- Zero Depreciation
- Engine Protector
- Consumable expenses
- 24x7 Spot Assistance
- Key and Lock Replacement
- Personal Baggage
- Conveyance Benefit
|
- Zero Depreciation Cover
- Road tax cover
- No Claim Bonus
- Engine Protect Cover
- Towing Charges
- Co-passenger Cover
- Hydrostatic lock.
|
| Benefits |
- No Claim Bonus is up to a 50% discount
- Specific car insurance products are designed to cater to the different needs of policyholders.
- Cashless claim settlement in over 1,3
- Avail a wide network of cashless garages service.
00+ cashless garages
- Third-party damage covers third party property/vehicle and covers injury caused in an accident.
- Any loss or damage resulting due to an accident or collision with another vehicle, animal, or thing like a building or pillar
- Any loss or damage that has occurred due to bad weather conditions or natural calamities is also covered
- Any loss or damage due to external explosion or fire is also covered.
|
- Zero depreciation cover available
- Get your car insurance within 3 minutes
- Cashless claim facility
- Claim process done within 20 minutes
- Policyholders are eligible for 75% on account payment in case the cashless facility is unavailable.
- Dedicated telephonic service is available 24×7 on holidays as well to provide support during claims settlement and for any other issues
- In case a car gets damaged due to an accident, the towing facility is available
- Policyholders can avail themselves of high standard service and get their cars inspected at selected workshops.
|
- Third party liability covers up to 7.5 lakhs
- The policy also pays for towing charges from the place of the accident to the workshop up to a maximum limit of Rs.300/- for Scooters/Motorcycles and Rs.1500/- for cars and commercial vehicles.
- A restricted cover is also available covering the risk of Fire and/or Theft only, in addition to the compulsory cover granted under the "Liability Only Policy".
|
| Features |
- 1-hour pickup for the selected area, instant repairs, and 3-day doorstep delivery at no extra cost
- Minimal Documentation
- Add Optional add-ons covers and customize your policy. Select from a list of smart rider options, available for an additional premium.
- Guaranteed 24*7 customer support for any queries related to the policy and intimation of a claim call: 1800-123-4003.
- Decision on claims approval within 7 working days from the receipt of all documents.
|
- Voluntary excess discount
- Anti-theft device installation discount
- Online policy buying/Renewal, voluntary Excess discount
- 24x7 Assistance
- Policyholders are entitled to shift as much as 50% of their existing No Claim Bonus from their previous car insurance providers
- The company is known for settling its claim in a record time.
- There are numerous policies offered by this company for every consumer.
|
- Quick claim settlement
- Instantaneous Purchase
- Wide range of Add-ons
- Claims are settled within 3 days of the application
- The complaint is resolved within 15 days of acknowledgment
- Claim payment is made within 3 days of discharge voucher receipt.
|
| Highlights |
- Lower premiums.
- No paperwork
- Doorstep Service claim settlement
- Claims settled instantly
- Lower Prices
- Convenient support, claims, or renewal.
- Stress-free Claims.
- Accidents and damages caused by the accident.
- Fire includes damages caused to your car due to self-ignition, explosion, and lightning.
- Theft In case your car gets stolen.
- Calamities Natural and man-made calamities such as earthquakes, riots, etc.
- Third-Party Losses Covers damages to a third party or property.
- Car Owner Covers damage to the insured’s car and the insured.
|
- Online policy issuance and renewal
- 24x7 spot assistance available
- Self-vehicle survey and instant claim settlement with Motor-on-the-spot.
|
- New India Assurance is the first non-life insurance company to get an 18,000 Cr premium.
- Been a market leader for four 4 decades.
- New India Assurance is the only Global Insurance company with a presence in over 28 states.
- New India Assurance has a total Assets of 61,720 Cr. and a total Net worth of 28,895 Cr.
- New India Assurance Add-on covers
- Get the New India Assurance add-on covers for extended benefits in case of any mishap.
|
| Accessibility |
Online through
PolicyBachat & Acko Website. |
Online through
PolicyBachat & Bajaj Allianz Website. |
Online through
PolicyBachat & New India Assurance Website. |
Acko vs Bajaj Allianz vs New India Assurance Costs
| Insurance Company |
Premium Cost (Annual) |
Coverage Level
|
Deductible Amount |
Additional Benefits |
| Acko Car Insurance |
Rs.12,000 |
Comprehensive |
Rs.2,000 |
- Roadside Assistance,
- Zero Depreciation
|
| Bajaj Allianz Car Insurance |
Rs.15,500 |
Third-Party Only |
Rs.1,500 |
- 24x7 Customer Support,
- No Claim Bonus
|
| New India Assurance Car Insurance |
Rs. 10,800 |
Comprehensive |
Rs.2,500 |
- Personal Accident Cover,
- Towing Assistance
|
"Please note that the values provided above are intended for user reference purposes only. For precise information and personalized quotes, we recommend visiting the respective insurance company's website and comparing quotes based on your specific needs."
Where to Buy Best Car Insurance Company Online?
You can buy car insurance online directly from the official websites of reputable insurance companies or through trusted insurance comparison websites that provide multiple quotes and options in one place. Be sure to compare policies, coverage, and prices to find the best fit for your needs. You can easily get multiple car insurance quotes without phone calls online from India’s best car insurance companies at PolicyBachat. At PolicyBachat we cater to the unbiased comparison of quotes, and a 24*7 customer assistance team your motive is to give our customers the right quotes with compare car insurance rates online.
- Go to PolicyBachat.com
- Fill required details and select your car model, RTO Location, registration date, and email address.
- Click on the “START SAVING MONEY”
- Premiums with different insurance companies are displayed with low premiums
- Select required add-ons/riders and discounts, or
- Even you can edit policy details
- After that fill in the vehicle owner details and owner details
- Purchase car insurance policy using online payment
- If any queries are raised call: 1800-123-4003.
Acko vs Bajaj Allianz vs New India Assurance - Which Insurance Company is Best for Car?
In conclusion, determining the best car insurance company among Acko, Bajaj Allianz, and New India Assurance depends on individual priorities and preferences. Acko stands out for its digital convenience and innovative approach, appealing to tech-savvy consumers. Bajaj Allianz offers a wide range of insurance products, excellent customer service, and a strong market presence, making it a versatile choice. New India Assurance, with its long-standing history and government backing, provides financial stability and reliability. Each insurer has its unique strengths, and the best choice hinges on specific needs, whether it be modernity, diversity of offerings, or trust in tradition. Careful consideration and comparison are key to selecting the insurance provider that aligns best with one's individual car insurance requirements.