Shield Your Wheels: Top 5 Motor Insurances in India

1. Motor Insurance is often viewed as some sort of protection. But it has other benefits like no claim bonus and depreciation allowance. 
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So, which one should you opt for? Discover the top 5 motor insurances in India in this comprehensive blog, so that you can compare & choose wisely. 

Quick Summary 

• Acko:  Quick claim settlement

• Bajaj Alliance: Cashless claim settlement 

• SBI: Customisable policy

• Tata AIG: Zero depreciation

• Digit: High claim settlement ratio

Top 5 Motor Insurances in India 

1. Acko

Key Benefit: Quick claim settlement

Overview: With a 2-hour process, Acko’s motor insurance offers a quick claim settlement process. 

Pros 

• No paperwork

• 24/7 roadside assistance.

Cons  

• Delays in customer service.

2. Bajaj Alliance 

Key Benefit: Cashless claim settlement. 

Overview: Bajaj Alliance’s motor insurance is extremely convenient due to its cashless claim settlement. 

Pros 

• Extensive coverage

• No claim bonus

Cons 

• High premiums

3. SBI

Key Benefit: Customisable policy

Overview: If you want a policy that allows multiple add-ons, SBI’s motor insurance is perfect for you.

Pros 

• Hassle-free claim settlement process. 

• Cashless repairs.

Cons

• Poor online process

4. Tata AIG 

Key Benefit: Zero depreciation

Overview: Tata AIG’s motor insurance is extremely reliable due to its zero depreciation policy. 

Pros 

• Wide network of garages.

• Affordable premiums

Cons 

• Mixed customer reviews.

5. Digit

Key Benefit: High claim settlement ratio

Overview: Digit’s motor insurance offers a high claim settlement ratio, which is extremely important for any insurance user.

Pros 

• Comprehensive coverage that includes coverage for your own vehicle's damages as well as third-party liabilities (death, disability, and property damage).

• No paperwork required.

Cons 

• Limited physical presence.