Looking for the best car insurance policy between Kotak Mahindra and Liberty Car Insurance? PolicyBachat helps you make informed decisions based on your financial situation. You can compare policies and coverages on what best suits you! Focusing on our online approach to car insurance provides you with a cost-efficient solution. We enable you to compare the different carrier options and find one that best fits your business - considering incurred claims ratio and garage network.
For those looking for insurance, it's important to compare Kotak Mahindra and Liberty Car Insurance companies to find the one that will work best for you. With all of the car insurance providers to choose from, some stand out more and have a better reputation.
Kotak Mahindra and Liberty offer different policies, each with a variety of discounts. If you have a preference, go with that insurance company before buying a car policy. This article will help you understand the different factors that can affect your decision on which company to choose for your car insurance needs.
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 your car insurance needs
- The authenticity of the car insurance company
- Financial ability of the company
- Third party liability coverage
- Claim settlement ratio
- Cashless garage network
- Good customer service.
| Differences |
Kotak Car Insurance |
Liberty Car Insurance |
| Cashless Network Garages |
3000+ |
4300+ |
| Claim Settlement Ratio |
74.64% |
70.53% |
| Solvency Ratio |
1.95 |
2.92 |
| Claims settled |
2.3 lakhs |
10,385 |
| Branches |
100+ |
110+ |
Kotak Mahindra Car Insurance:
With a kotak Car insurance policy, you can protect yourself and your car from any financial loss and damage. A comprehensive car insurance policy will cover all the damages caused to you, your vehicle, and the third party damages caused by the accident. Buying a Kotak car insurance policy ensures your all-around safety every time you hit the road.
Kotak Mahindra General Insurance Company is a subsidiary of Kotak Mahindra Bank Ltd started its operations in 2003. Kotak Mahindra general insurance company incepted in 2015, during the year Kotak Mahindra received 6 lakhs premium and incurred a claim amount of 26 Lakhs. Kotak Mahindra General Insurance has resolved the claim within 6 months. Kotak Mahindra insurance company's commitment to providing insurance claims proves the reliability of the company.
| What is Covered? |
- Enjoy enhanced protection with Kotak Car Secure to compensate for both first-party and third-party damage
- You can rely on our around-the-clock assistance for any minor or major situation
- Get the benefit of a maximum of 50% No Bonus Claim
- Complete protection due to natural calamities like fire, explosion, lightning, earthquake, flood, etc., or damages caused due to man-made calamities like burglary, theft, riot, strike, malicious act, accident, etc.
- Comprehensive cover provides protection against damages related to all electrical and non-electrical accessories as well as the bi-fuel system of the vehicle.
|
| Types of policies |
- Private car insurance policy
- Third party car insurance
- Comprehensive car insurance
- Personal accident cover.
|
| Add-ons/Riders |
- Depreciation cover
- Consumables cover
- Return to invoice
- Tyre protection cover
- Daily car allowance
- Loss of personal belongings
- Roadside assistance.
|
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 its affordable rates as well as its customer service.
Car insurance can provide 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 at 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.
| What is Covered? |
- Accident due to external impact
- Damage due to an earthquake, flood, storm, landslide, rockslide
- Loss of the vehicle through burglary or housebreaking
- Irreparable damage to 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 |
- Liability Only Policy
- Stand-alone Own damage Policy
- Comprehensive Policy.
|
| Add-ons/Riders |
- Depreciation cover
- Consumables cover
- Gap value cover
- Roadside assistance
- Passenger assistance cover
- Engine safe cover.
|
Comparison between Benefits, Features, and More of Kotak Mahindra Car Insurance vs Liberty Car Insurance:
We compared Kotak Mahindra Car Insurance with Liberty Car Insurance, in detail. You can rest assured that you're making the right decision. However, they are different in some ways. This article will give you an idea of what the policies are like the pros and cons, and how they compare to one another.
| Differences |
Kotak Mahindra Car Insurance |
Liberty Car Insurance |
| Benefits |
- Customized products and services
- High claim ratio settlement
- Digital infrastructure
- Efficient processing of claim settlement
- Customer-centric ratio
- Extensive range of add-ons to choose
- The easy and fast documentation process
- Reliable and efficient service
- To secure from unexpected financial loss and mishap
- Own damage partial or total loss
- Covers you from natural calamities, and man-made calamities
- Personal accident cover
- Third-party legal liability.
|
- 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 a 24*7 claim assistance team.
|
| Features |
- Customized products and services
- High claim ratio settlement
- Digital framework
- Comprehensive coverage and personal accident cover.
- Efficient processing of claim settlement
- Customer-centric ratio
- Extensive range of add-ons to choose
- Long term coverage
- The easy and fast documentation process
- Reliable and efficient service.
|
- Pay for the distance traveled.
- Easy top-up.
- No-fault protection.
- Essential add-ons at affordable costs.
- Additional voluntary deductibles.
- Option to transfer existing no-claim bonus from other car insurance companies.
- Hassle-free cashless claim services and inspection.
- Claim settlements within 7 working days.
- Effective claims support /assistance.
- Convenient online policy purchase/renewal.
|
| Highlights |
- No claim bonus discount up to 50%
- Opt for voluntary deductible
- Membership of AAI
- Quick and hassle-free claim assistance
- Reliable customer support.
|
- Hassle-free Claims
- Seamless claim assistance at any time
- Easy policy renewal
- Additional protection availability
- Efficient telephonic services.
|
| Convenience |
Online through PolicyBachat & Kotak Mahindra Website. |
Online through PolicyBachat & Liberty Website. |
Conclusion:
To protect against unfortunate financial insecurities, it is a good idea to get the best car insurance policy. Make sure you compare Kotak Mahindra vs Liberty's features and benefits before deciding which company to go with.
Configure the premium with the benefits availed on Kotak Mahindra vs Liberty, and compare top car insurance company quotes from top insurers online on PolicyBachat. We explained in detail the difference between Kotak Mahindra Car Insurance and Liberty Car Insurance. The comparison will be done based on various factors such as claims, customer service, policy cost, and more.
In the end, both companies offer great customer service, competitive rates, and affordable premiums. Every car insurance company will offer different coverage types and various additional benefits. We've highlighted the information you need to know and selected some of the popular providers to compare. Choose the best car insurance company that provides what you need regarding budget and coverage.