When shopping for the best car insurance in the alternative for ACKO Car Insurance, two of the most important factors to consider are price and customer service. The best car insurance company for your situation will depend on your location. A great way to save money on car insurance is to compare quotes from multiple insurance companies in your area.
We ranked the top insurance companies based on our proprietary rating, which measures both cost and customer service.
- The five-star scale is a reflection of both the quality of an insurer's service and its affordability, so the insurers with the best rating get you the best value for your money.
- We collected hundreds of thousands of quotes across the country for various Car insurance companies. We also incorporated customer surveys, official complaints, and feedback from our customers.
Acko Car Insurance Alternatives in India are available for people who are looking for a car insurance policy with Good coverage and the Best Price. It is a good idea to compare different insurance companies to see which one offers the best deal. Some of these alternatives also offer discounts on the premiums if you have a good driving record.
In India, it is mandatory to have car insurance. In this article, we will discuss the top 10 Acko car insurance alternatives and competitors in India:
- Edelweiss Car Insurance
- IFFCO TOKIO Car Insurance
- Navi Car Insurance
- Raheja QBE Car Insurance
- Royal Sundaram Car Insurance
- SBI Car Insurance
- Universal Sompo Car Insurance
- Oriental Car Insurance
- Magma HDI Car Insurance
- Shriram Car Insurance.
Expert Advice on Finding the Best Car Insurance Company for Your Needs:
Many factors can affect your car insurance rates. PolicyBachat gathered information to help you make an informed decision when purchasing car insurance.
- How does car insurance differ from other types of coverage and why is it so important for drivers?
- How should drivers balance risk management and affordability when it comes to car insurance?
- What can consumers do to better educate themselves on car insurance policies, coverage, and pricing?
- Auto insurance premiums are set based on a variety of information such as driving record, location, and credit history. What challenges do consumers face in this type of pricing structure? How can drivers meet or manage these challenges?
Acko Car Insurance:
Acko has very competitive car insurance rates for many types of car owners, which makes it worth a look if you want cheap car insurance. Having a low level of car insurance complaints is another reason to consider Acko Car Insurance.
Pros:-
- 24x7 emergency assistance
- A dedicated claims team
- Claim approval within 7 days
- 1 day pick up for repairs
- 3 step door delivery at no cost.
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Cons (Not cover):-
- Influence of alcohol or intoxicating drugs.
- war or similar conditions
- Any claims against an incident.
- Replacement of parts that are damaged due to regular wear and tear.
- Driving without a valid driving license.
- Personal items stolen from your car.
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Key Features:-
- Claim Settlement Ratio: 82.35%
- Cashless Garages: 1300+
- Solvency ratio: 1.91
- Branches: 200+
- Claims Settled: 10 Lakhs.
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Get a Quote |
Top 10 Alternatives & Competitors of Acko Insurance:
If you are considering Acko, you may also want to investigate similar alternatives or competitors to find the best solution. Other important factors to consider when researching alternatives to New India Assurance include reliability and ease of use.
We have compiled a list of solutions that reviewers voted as the best overall alternatives and competitors to Acko:-
1. Edelweiss Car Insurance
Edelweiss offers decent car insurance rates for all car owners and many helpful add-on coverages. The level of complaints against it for car insurance is very low, making it a company to check out if you’re shopping for car insurance.
Pros:-
- Good customer support
- Priority services at preferred workshops
- Quick claim settlement.
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Cons (Not cover):-
- Any damage to your car in case of an accident
- Any injury to passenger travelling in your car if you haven't taken the 'Personal Accident Cover
- Depreciation or the drop in value, of your car and its parts due to age and wear and tear.
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Key Features:-
- Claim Settlement Ratio: 93.38%
- Cashless Garages: 2000+
- Solvency ratio: 2.09
- Branches: 100+
- Claims Settled: 20 Lakhs.
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Get a Quote |
2. IFFCO TOKIO Car Insurance
The company has many optional offerings that can give you better insurance protection, making it a good choice to look at when comparison shopping.
Pros:-
- Instant digital copy of the policy
- Quick and hassle-free claim settlement
- On-road protector coverage
- Surveyors for immediate claim initiation.
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Cons (Not cover):-
- Planned damage liability, breach of policy will lapse the policy
- A normal course of mechanical and electrical breakdown, wear & tear, flat tires.
- A driving vehicle without a valid driving license
- Damage of tires without any accidental damage will claim you 50% of the damage cost.
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Key Features:-
- Claim Settlement Ratio: 84.04%
- Cashless Garages: 4300+
- Solvency ratio: 1.73
- Branches: 200+
- Claims Settled: 8.61 Lakhs.
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Get a Quote |
3. Navi Car Insurance
Navi has pretty affordable rates for motorists with many types of needs, making it a good company for various driver profiles. The company gives its policyholders a sense of empowerment with financial independence through an extensive range of affordable products and a seamless customer experience.
Pros:-
- Good customer support
- Priority services at preferred workshops
- Quick claim settlement.
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Cons (Not cover):-
- Any damage to your car in case of an accident
- Any injury to passenger travelling in your car if you haven't taken the 'Personal Accident Cover
- Depreciation or the drop in value, of your car and its parts due to age and wear and tear.
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Key Features:-
- Claim Settlement Ratio: 82.91%
- Cashless Garages: 1100+
- Solvency ratio: 2.12
- Branches: 120+
- Claims Settled: 12 Lakhs.
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Get a Quote |
4. Raheja QBE Car Insurance
Raheja QBE Insurance shines with its optional coverage options, its claims process and low level of complaints, which helps it overcome only average rates.
Pros:-
- Quick claim settlement process
- Readily available customer support
- Instant policy issuance and faster process.
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Cons (Not cover):-
- A claim arising out of the contractual liability is not covered
- Damage caused by nuclear weapons material is not covered
- A claim arising out of contractual liability.
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Key Features:-
- Claim Settlement Ratio: 100.51%
- Cashless Garages: 1300+
- Solvency ratio: 3.66
- Branches: 100+
- Claims Settled: 16 Lakhs.
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Get a Quote |
5. Royal Sundaram Car Insurance
Royal Sundaram offers a superior selection of coverage options, from accident forgiveness to disappearing deductibles. It also has a track record for low car insurance complaints, which helps offset rates that are usually higher than its top competitors.
Pros:-
- Good and hassle-free pre-sales and post-sales services
- Towing facility – spot repair services
- On-time Services
- 24x7 claim assistance.
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Cons (Not cover):-
- Any wear-and-tear of the car due to aging
- Any mechanical and electrical breakdown
- Private cars used for remuneration purpose is not covered
- Driving without a valid driving license.
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Key Features:-
- Claim Settlement Ratio: 87.89%
- Cashless Garages: 4600+
- Solvency ratio: 1.87
- Branches: 158+
- Claims Settled: 15 Lakhs.
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Get a Quote |
6. SBI Car Insurance
SBI has good coverage offerings and a top score for its collision repair claims processes. These advantages offset SBI’s car insurance rates, which are a mixed bag depending on your driving record.
Pros:-
- Easy and hassle-free purchase process
- 24x7 claim assistance
- Provides cover for CNG LPG Bio Fuel Kit.
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Cons (Not cover):-
- Loss or damage caused while driving under the influence of alcohol or any other intoxicating substance
- Loss or damage due to depreciation of the car's value
- Loss or damage due to war or nuclear risks.
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Key Features:-
- Claim Settlement Ratio: 86.01%
- Cashless Garages: 5000+
- Solvency ratio: 2.00
- Branches: 137+
- Claims Settled: 6.23 Lakhs.
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Get a Quote |
7. Universal Sompo Car Insurance
The company is well known for its high customer ratings and affordable coverage options, including accident forgiveness. However, it has strict eligibility requirements and not everyone qualifies for coverage.
Pros:-
- Quick claim settlement
- Instantaneous purchase
- Wide range of add-ons
- 24x7 claim assistance
- Robust customer support system.
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Cons (Not cover):-
- Normal Wear and tear and general ageing of the vehicle.
- Depreciation or any consequential loss.
- Mechanical/ Electrical breakdown.
- Vehicle being used otherwise then in accordance with limitations of use.
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Key Features:-
- Claim Settlement Ratio: 87.96%
- Cashless Garages: 3500+
- Solvency ratio: 1.90
- Branches: 86+
- Claims Settled: 1.11 Lakhs.
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Get a Quote |
8. Oriental Car Insurance
The company provides great and innovative products for its customers. Oriental Car Insurance Plans have been deliberated to gratify the need for protection cover for our cherished vehicle.
Pros:-
- Premium Discounts
- Cashless repair facility
- Excellent customer service.
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Cons (Not cover):-
- Mechanical or electrical breakdown, depreciation, wear and tear.
- In the event of any loss or damage or liability which has happened beyond the geographic area as defined in the plan
- For any loss or damage in case the vehicle is being driven by any third person other than a Driver as stated in the Driver’s clause.
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Key Features:-
- Claim Settlement Ratio: 81.83%
- Cashless Garages: 2000+
- Solvency ratio: 1.40
- Branches: 1800+
- Claims Settled: 18 Lakhs.
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Get a Quote |
9. Magma HDI car Insurance
Magma HDI is worth considering as your top choice. The company offers reputable service, a wide selection of coverage and cheap car insurance rates, according to our rate estimates.
Pros:-
- Save time
- Get better price
- Easy and convenient process
- Trained professionals at your service.
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Cons (Not cover):-
- Mechanical or Electrical breakdown and failure
- Damage to tyres/tubes of the Car, unless damage to the vehicle in the accident with liability
- Damage by a person driving under the influence of Liquor/Alcohol/Drugs.
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Key Features:-
- Claim Settlement Ratio: 82.35%
- Cashless Garages: 1300+
- Solvency ratio: 1.79
- Branches: 200+
- Claims Settled: 10 Lakhs.
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Get a Quote |
10. Shriram Car Insurance
Shriram as the best car insurance for customizable premiums because of its Name Your Price tool, which allows drivers to shop for coverage according to their budget.
Pros:-
- 24x7 Hassle-free claim process
- Survey and assistance within a day
- Simple claim procedure
- Updated claim status.
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Cons (Not cover):-
- Accidental loss or damage caused due to wilful Negligence is not covered.
- Damage due to nuclear or radioactivity or nuclear weapons, war, and related activities.
- Consequential loss, depreciation, wears & tears mechanical and electrical breakdown/failure, or breakages are not covered.
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Key Features:-
- Claim Settlement Ratio: 79.43%
- Cashless Garages: 2000+
- Solvency ratio: 3.63
- Branches: 3850+
- Claims Settled: 2.08 Lakhs.
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Get a Quote |
Conclusion:
To help you figure out the best car insurance company, PolicyBachat researched providers across India. We analyzed rates based on affordability in the regions the companies serve, measured customer service using reputable consumer intelligence, and created our scoring system that rates companies differently depending on your needs and location.
Once you’ve narrowed down the companies with strong customer service reputations, you should compare quotes among them. Insurance companies use a variety of factors to calculate your rate. As a result, you could find that companies have very similar customer service reputations but quote you at vastly different rates.