Bajaj Allianz and Liberty are two of the most popular car insurance companies. They were in the industry for over a decade and offer multiple products. Their services have been compared because they provide similar offers in terms of cost, coverage, etc.
Both Bajaj Allianz and Liberty Car Insurance companies have a wide range of cover options, a dedicated customer service team, and an easy claim process. If you're looking for insurance that fits your needs and budget, these are two great options.
The article highlights the key differences between these two companies and features/their pricing structure to help you choose which one is better for you. Whether it's their service levels or target customers that are better is up to you.
Why choose best Car Insurance Company?
Car insurance helps you mitigate financial obligations that may arise due to an unfortunate event involving your car such as a road accident, fire, theft, natural calamities, etc. As per the Indian Motor Tariff, every car/vehicle owner is legally required to have at least a third party car insurance cover for being able to drive their car legally on Indian roads.
Choosing the best car insurance company is not a huge task. But you need to be aware of the kind of protection you want for your car. With that, here are a few tips that will help you choose the top car insurance company in India. Take a look:
- Analyzing car insurance needs
- Authenticity of the car insurance company
- Financial ability of the company
- Third party liability coverage
- Claim settlement ratio
- Cashless garage network
- Good customer services.
Bajaj Allianz Car Insurance:
A motor insurance policy is mandatory to secure your car from any mishaps, a sudden accident might cause you a huge financial loss Bajaj Allianz's car insurance policy will compensate your financial loss by paying damage expenses on your behalf.
Trust is the important factor that gets positive whooping customer recommendations. Bajaj Allianz's motor insurance policy will protect against physical damage, accidental injury, death, co-passenger injury, death, and property loss of the third party.
Bajaj car insurance policy helps you to avail hassle-free claim settlement. Bajaj Allianz makes trust in its customers for the past 16 years by providing the highest claim settlement. Like house your vehicle is also the most important procession, utmost security with extensive add-ons will protect your car from a mishap. Know the right insurance premium online.
| Distinguish |
Bajaj Allianz Car Insurance |
| Benefits |
- 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.
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| Features |
- 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.
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| Highlights |
- Online policy issuance and renewal
- 24x7 spot assistance available
- Self-vehicle survey and instant claim settlement with Motor-on-the-spot.
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*Know about Bajaj Allianz Car Insurance benefits and coverages in this Article*
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Liberty Car Insurance:
Liberty Car Insurance is a car insurance company that offers a variety of different plans to their customers. Liberty Car Insurance is an affordable car insurance company that offers a variety of policies to protect your vehicle and yourself at an affordable price.
Liberty Car Insurance was founded in the year 2000 and has been in business ever since. They offer all types of coverage from liability to collision, uninsured motorist, and comprehensive. Liberty is also known for their affordable rates as well as their customer service.
Car insurance can provide a financial peace of mind if you have an accident while driving. Even if you are alone, doing so, the right cover is what you'll need in that moment. It also gives you some must needed relief knowing that your loved ones would be able to take care of themselves as well.
| Distinguish |
Liberty Car Insurance |
| Benefits |
- Comprehensive cover for all eventualities
- Third party fire and theft cover
- Third party property damage cover
- Personal injury protection for you and your passengers
- Theft protection against theft from your vehicle or home
- Breakdown service with free towing up to 30 miles
- 24/7 emergency assistance services.
- Highest claim ratio history with 95%
- Efficient customer service team for all your queries regarding claims.
- Flexible option to transfer the NCB to other carriers
- Round the clock service by 24*7 claim assistance team.
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| Features |
- Over 2500+ partner garages for cashless claim settlement
- Highest claim ratio history with 95%
- Efficient customer service team for all your queries regarding claims.
- Flexible option to transfer the NCB to other carriers
- Round the clock service by 24*7 claim assistance team
- Easy and quick claim process
- Online policy issuance without any documentation
- Best claim assistance.
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| Highlights |
- Hassle-free claims
- Seamless claim assistance at any time
- Easy policy renewal
- Additional protection availability
- Efficient Telephonic services.
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*Know about Liberty Car Insurance benefits and coverages in this Article*
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Comparison of Bajaj Allianz Car Insurance vs Liberty Car Insurance:
We explained in detail the difference between Bajaj Allianz Car Insurance and Liberty Car Insurance. The comparison will be done based on various factors such as claims, customer service, policy cost, and more.
However, some key differences make them stand out from each other. This article will help you decide which insurance company to go with, explains the pros and cons of both policies, and how they compare with each other.
| Differences |
Bajaj Allianz Car Insurance |
Liberty Car Insurance |
| Cashless Network Garages |
6000+ |
4300+ |
| Claim Settlement Ratio |
65.83% |
70.53% |
| Solvency Ratio |
3.45 |
2.92 |
| Claims settled |
192077 |
10,385 |
The premiums are displayed according to your details, compare the quotes and buy the policy according to your needs and budget.
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Types of Policies, Add-ons/Riders, and Coverages Comparison:
| Distinguish |
Bajaj Allianz Car Insurance |
Liberty Car Insurance |
| What is Covered? |
- Covers Expenses on Own Damages
- Third Party Liabilities
- Personal Accidents
- Additional convenience
- Extended benefits with Add-ons
- Loss due to natural calamities
- Loss due to man-made disasters
- Personal accident cover.
|
- Accident due to external impact
- Damage due to an earthquake, flood, storm, landslide, rockslide
- Loss of the vehicle through burglary or housebreaking
- Irreparable damage of the vehicle due to a fire, explosion, self-ignition, lightning
- Damage due to malicious intent including riots, strikes, or terrorism
- Accident to the vehicle while in transit by road, rail, and inland waterway or on a lift.
|
| Types of Policies |
- Third Party Car Insurance
- Comprehensive Car Insurance
- Standalone Own Damage Car Insurance
|
- Liability Only Policy
- Stand-alone Own damage Policy
- Comprehensive Policy.
|
| Add-ons/Riders |
- Zero Depreciation
- Engine Protector
- Consumable expenses
- 24x7 Spot Assistance
- Key and Lock Replacement
- Personal Baggage
- Conveyance Benefit
|
- Depreciation cover
- Consumables cover
- Gap value cover
- Roadside assistance
- Passenger assistance cover
- Engine safe cover.
|
| Accessibility |
Online through
PolicyBachat & Bajaj Allianz Website. |
Online through
PolicyBachat & Liberty Website. |
Consider these factors before going to Bajaj Allianz Car Insurance or Liberty Car Insurance:
- The first thing to think about is your coverage. Think about how you want to be covered in the event of an emergency.
- The second thing to consider is your driving history. It would help to know if you have a clean record or if there are any accidents on it.
- The third thing to think about is the expiration date of your current insurance policy and if you want to switch policies. You should also make sure you're covered under your current policy before switching coverage.
Conclusion:
Compare car insurance quotes and choose the best car insurance company to secure you from any mishap/theft, losses or damages, natural disasters, manmade calamities, and personal accident cover. Get your car insurance policy online for easy claim settlement and policy renewal.
PolicyBachat caters you to the best car insurance companies in India for hassle-free claim settlement, easy comparisons, and a lot more. Compare Bajaj Allianz and Liberty Car Insurance Company which has a reliable claim settlement ratio in less period.