The best car insurance gives you the right cover at the right price and is there in your hour of need. We’ve given comprehensive policies a policy score for the level of cover they provide, and surveyed customers to give a customer satisfaction rating. We’ve also picked out policies that excel in specific categories like multi-car or for young drivers. That being said, it’s always a good idea to compare quotes from a range of providers to make sure you’re getting the right cover at the right price.
The cheapest car insurance company for one car owner might not be the cheapest for another, because insurers price risk in different ways (risk is calculated using your driving history and personal details). That said, some providers tend to offer good rates. Insurance prices have generally fallen during the pandemic as people have driven less, and it’s always worth shopping around.
There are several factors you should consider when looking for car insurance; doing so will help you see past prices and better understand the true value that different providers can offer you. To help buyers make the right decision, we’ve scoured the data to put together our list of the best Future Generali car insurance alternatives for 2022.
- ICICI Lombard Car Insurance
- Bajaj Allianz Car Insurance
- Cholamandalam MS Car Insurance
- Digit Car Insurance
- HDFC ERGO Car Insurance
- Kotak Mahindra Car Insurance
- Reliance Car Insurance
- TATA AIG Car Insurance
- Magma HDI Car Insurance
- Shriram Car Insurance
Depending on your driving record, the most affordable car insurance company varies. The tables below show average car insurance rates from the largest companies for all car insurance owners.
|
Companies |
Average Premium |
Third Party Liability |
Personal Accident Cover |
| ICICI Lombard |
2238 |
Rs. 7.5 lakh |
Rs. 15 lakh |
| Bajaj Allianz |
3778 |
Rs. 7.5 lakh |
Rs. 15 lakh |
| Cholamandalam MS |
2848 |
Rs. 7.5 lakh |
Rs. 15 lakh |
| Digit |
2374 |
Rs. 15 lakh |
Rs. 7.5 lakh |
| HDFC ERGO |
2848 |
Rs. 7.5 lakh |
Rs. 15 lakh |
| Kotak Mahindra |
3948 |
Rs. 7.5 lakh |
Rs. 15 lakh |
| Reliance |
2094 |
Rs. 7.5 lakh |
Rs. 15 lakh |
| TATA AIG |
2072 |
Rs. 7.5 lakh |
Rs. 15 lakh |
| Magma HDI |
4027 |
Rs. 7.5 lakh |
Rs. 15 lakh |
| Shriram |
2349 |
Rs. 7.5 lakh |
Rs. 15 lakh |
*The above mentioned values are for knowing the purpose, if want correct readings to compare quotes top of the page.*
Future Generali Car Insurance:
Future Generali Insurance Company is one of the leading general insurance providers in India. The company is one of the oldest and one of the most reliable insurance companies which understands the need for car insurance and thus offers insurance products that are designed to cater to the different sections of society.
Key Points:-
- Claim Settlement Ratio: 66.13%
- Cashless Garages: 4000+
- Solvency ratio: 1.61
- Branches: 121+
- Claims Settled: 2.06 Lakhs.
|
Why Buy?
- Fast & hassle-free claim settlement process
- Instant policy issuance
- Accidental towing facility within the city limits
- Personalized services claim facility
- Future Xpress and Xpress+ available
- Add-on covers such as tyre damage, NCB protection, loss of personal belongings, zero depreciation, theft or loss of keys, etc.
|
Top 10 Alternatives & Competitors of Future Generali Insurance:
Explore the best alternatives to Future Generali for users who need new features or want to try different solutions. Other important factors to consider when researching alternatives to Future Generali include reporting and price.
1) ICICI Lombard Car Insurance
ICICI Lombard Insurance shines with its optional coverage options, its claims process, and low level of complaints, which helps it overcome only average rates.
Key Points:-
- Claim Settlement Ratio: 76.53%
- Cashless Garages: 9700+
- Solvency ratio: 2.90
- Branches: 165+
- Claims Settled: 2.01 Lakhs.
|
Why Buy?
- Quick policy purchase
- 24x7 claim assistance
- Cashless claim settlement at network garages
- Reduce out-of-pocket expenditure in case of stolen/damaged vehicle
- Get immediate assistance from the insurer’s helpline.
|
2) Bajaj Allianz Car Insurance
Bajaj Allianz company has many optional offerings that can give you better insurance protection, making it a good choice to look at when comparison shopping.
Key Points:-
- Claim Settlement Ratio: 68.06%
- Cashless Garages: 6000+
- Solvency ratio: 3.45
- Branches: 1100+
- Claims Settled: 1.92 Lakhs.
|
Why Buy?
- Wellness benefit
- Hassle-free claim settlement
- Long-term policy
- Portability benefit
- Online policy issuance and renewal
- 24x7 spot assistance available
- Self-vehicle survey and instant claim settlement with Motor-on-the-spot.
|
3) Cholamandalam MS 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.
Key Points:-
- Claim Settlement Ratio: 74.3%
- Cashless Garages: 8500+
- Solvency ratio: 2.08
- Branches: 157+
- Claims Settled: 85.67%.
|
Why Buy?
- Decision on claims approval within 7 working days from the receipt of all documents.
- Guaranteed 24*7 customer support for any queries related to the policy and intimation of a claim call: 1800-123-4003.
- Avail wide network of cashless garages service.
- No Claim Bonus is up to 50% discount
- Specific car insurance products are designed to cater to the different needs of policyholders.
|
4) Digit Car Insurance
Digit 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.
Key Points:-
- Claim Settlement Ratio: 74.91%
- Cashless Garages: 5800+
- Solvency ratio: 2.01
- Branches: 100+
- Claims Settled: 90.4%.
|
Why Buy?
- Cheaper premiums
- Faster claim settlement
- Top-rated company
- Efficient customer support.
|
5) HDFC ERGO Car Insurance
HDFC ERGO has good coverage offerings and a top score for its collision repair claims processes. These advantages offset HDFC ERGO car insurance rates, which are a mixed bag depending on your driving record.
Key Points:-
- Claim Settlement Ratio: 70.02%
- Cashless Garages: 6800+
- Solvency ratio: 1.90
- Branches: 200+
- Claims Settled: 1 crore.
|
Why Buy?
- Get Instant Quotes
- Payment Reminders
- Instant Coverage
- Quick Issuance
- Zero paperwork
- Convenience.
|
6) Kotak Mahindra 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.
Key Points:-
- Claim Settlement Ratio: 74.64%
- Cashless Garages: 1300+
- Solvency ratio: 1.95
- Branches: 100+
- Claims Settled: 2.35 Lakhs.
|
Why Buy?
- Customized products and services
- High claim ratio settlement
- Digital framework
- Customer-centric ratio
- Extensive range of add-ons to choose
- Long term coverage.
|
7) Reliance Car Insurance
Reliance 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.
Key Points:-
- Claim Settlement Ratio: 76.89%
- Cashless Garages: 6200+
- Solvency ratio: 1.65
- Branches: 139+
- Claims Settled: 98%
|
Why Buy?
- Safeguard a policyholder’s interests at all cost
- Introduce affordable insurance options accessible to all
- Bringing best and innovative insurance products to the market
- Ensure seamless operation with maximum priority given to a customer.
|
8) TATA AIG Car Insurance
TATA AIG Insurance shines with its optional coverage options, its claims process, and low level of complaints, which helps it overcome only average rates.
Key Points:-
- Claim Settlement Ratio: 75.41%
- Cashless Garages: 5400+
- Solvency ratio: 2.22
- Branches: 200+
- Claims Settled: 2.74 Lakhs.
|
Why Buy?
- Instant Quote
- Easy Comparison
- Paperless and Quick Policy Issuance
- Save Money, and customizable
- Safe and secure process.
|
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.
Key Points:-
- Claim Settlement Ratio: 66.13%
- Cashless Garages: 4000+
- Solvency ratio: 1.61
- Branches: 121+
- Claims Settled: 2.06 Lakhs.
|
Why Buy?
- Save time
- Get better price
- Easy and convenient process
- Trained professionals at your service.
|
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.
Key Points:-
- Claim Settlement Ratio: 79.43%
- Cashless Garages: 2000+
- Solvency ratio: 3.63
- Branches: 3850+
- Claims Settled: 2.08 Lakhs.
|
Why Buy?
- 24x7 Hassle-free claim process
- Survey and assistance within a day
- Simple claim procedure
- Updated claim status.
|
Conclusion:
The decision of selecting the best car insurance alternative for Future Generali for you is not an easy one. There are many factors to consider, and it will depend on your specific needs. If you are looking for a plan that has a low premium but also provides good coverage or benefits, then some of the above might be the best choice for you.
So, before deciding on the best car insurance company check all the features and benefits, etc. If you are looking for a comparison of car insurance companies making decisions has become much easier with the help of PolicyBachat. Compare car insurance quotes at PolicyBachat and know all the key features and benefits of Future Generali car insurance alternatives to select the right choice.