Whether you are looking to switch insurers or you are buying car insurance for the very first time, there are several factors to keep in mind trying to find the right coverage for your vehicle. The best car insurance companies understand your needs and provide affordable coverage so you can feel confident on the road.
PolicyBachat analyzed all these factors and ranked some of the best car insurance companies in India as the alternative to Oriental Insurance. The best car insurance policy may depend on where you live and what you value.
When shopping for the best car insurance policy, you should consider a company's costs, available discounts, customer service reviews, and claims-filing process. We ranked the top car insurance companies to find the best car insurance solution for you.
We also ranked the best car insurance companies for specific types of needs, whether you care more about customer service than cost or if you have a history of driving violations.
Our top 10 picks for Best Car Insurance Alternatives for Oriental are:-
- Acko Car Insurance
- 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
- Magma HDI Car Insurance
- Shriram Car Insurance.
| |
Companies |
Discounts |
Highlights |
| “Reliable Claim Assistance” |
Acko Car Insurance |
- Save 93% of up to Rs. 1200 on Car Insurance
- Premium starts at Rs. 2094
|
- 3 day doorstep delivery
- 1 hour pickup
- Instant repairs
- Highly rated go-to-app.
|
| “Low Premiums” |
Edelweiss Car Insurance |
- EMI Protector
- 50% discount on own damage premium.
|
- SAP ACE Award
- Swift claims settlement
|
| “Advanced Options” |
IFFCO TOKIO Car Insurance |
- Save up to 70% on premium
- Personal Accident cover is up to Rs. 15 lakhs
|
- Claims can be made by QCS App
- Online and telephonic claims.
|
| “Best discounts for Advanced Purchase” |
Navi Car Insurance |
- Premium starts at Rs. 2072
- Third party liability is up to Rs. 7.5 lakhs.
|
- Digitally enabled claim process
- Allow customers to request unlimited calls.
|
| “Good Claim Settlement Ratio” |
Raheja QBE Car Insurance |
- Save upto 75% on Premium
- Customer oriented approach
|
- A+ Rating by Standard and Poor's Insurance Financial Strength
- Simple & hassle-free communication.
|
| “Best services” |
Royal Sundaram Car Insurance |
- 100% invoice insurance price
- Personal Accident Cover is up to Rs. 2 Lakhs.
|
- 24x7 roadside assistance
- Awarded Best BFSI Brand 2021
|
| “Best for Budgeting” |
SBI Car Insurance |
- Save up to 85% on premium
- Third party price for less than 1000 cc cars is Rs. 1500.
|
- iAAA Rating by ICRA Award
- Personal accident cover for passenger cover is Rs. 2 lakhs.
|
| “Affordable Premiums” |
Universal Sompo Car Insurance |
- Personal Accident cover is up to Rs. 15 lakh for Owner-driver.
- Third Party up to Rs. 7.5 lakh.
|
- Robust customer support
- 24x7 emergency assistance
|
| “Best for customizable premiums” |
Magma HDI Car Insurance |
- Save up to 75% on premium
- Personal accident covers up to Rs. 15 lakhs.
|
- CRISIL A1+ rating award
- Voluntary access discount and AAI membership.
|
| “Economical and convenient services” |
Shriram Car Insurance |
- Save up to 50%
- Third party covers up to 7.5 lakhs.
|
- Zero depth policy
- 24x7 emergency assistance.
|
Oriental Car Insurance
“Best Rates Overall”
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.
Likewise to its various other plans, ensures all the range of misfortune events are well covered under its Car Insurance Plan.
- Claim Settlement Ratio: 81.83%
- Cashless Garages: 2000+
- Solvency ratio: 1.40
- Branches: 1800+
- Claims Settled: 18 Lakhs.
Plans:-
- Private Car Insurance Plan
- Commercial Car Insurance Plan
- Liability Only Plan.
Benefits:
- Premium Discounts
- Cashless repair facility
- Excellent customer service.
Coverages:
- Third party Liability: Up to 7.5 lakhs
- Personal Accident Cover: Up to 15 Lakhs
- No Claim Bonus: 50%
Get a Quote
Alternative Ways to Save Money on Your Next Car Insurance Policy:
The average annual cost of owning a car is Rs.2500 to Rs. 5000. This can be expensive, especially if you’re not making a lot of money. Fortunately, there are ways to save money on your next car insurance policy. Here are some tips:
- Shop around for the best rate and coverage
- Consider getting an older car with lower insurance rates
- Consider paying for your repairs
- Consider dropping collision and comprehensive coverage.
In conclusion, there are a lot of ways to save money on your next car insurance policy. You can use the tips and tricks above to find a plan that best suits your needs.
Top 10 Alternatives & Competitors of Oriental Insurance:
If you are considering Oriental, you may also want to investigate similar alternatives or competitors to find the best solution. Other important factors to consider when researching alternatives to Oriental include customer service and emails.
1. Acko Car Insurance
Why we choose it?
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. It has low level of car insurance complaints are another reason to consider Acko Car Insurance.
Key Features:
- Claim Settlement Ratio: 82.35%
- Cashless Garages: 1300+
- Solvency ratio: 1.91
- Branches: 200+
- Claims Settled: 10 Lakhs.
Benefits:
- 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
Plans:-
- Third party cover
- Own damage cover
- Comprehensive cover
- Zero depreciation cover
- Basic
- Super Saver
- Smart Saver
- Personal accident cover.
2. Edelweiss Car Insurance
Why we choose it?
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.
Key Features:
- Claim Settlement Ratio: 93.38%
- Cashless Garages: 2000+
- Solvency ratio: 2.09
- Branches: 100+
- Claims Settled: 20 Lakhs.
Benefits:
- Good customer support
- Priority services at preferred workshops
- Quick claim settlement.
Plans:-
- Third Party private car liability
- Third party + own damage private car liability.
3. IFFCO TOKIO Car Insurance
Why we choose it?
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 Features:
- Claim Settlement Ratio: 84.04%
- Cashless Garages: 4300+
- Solvency ratio: 1.73
- Branches: 200+
- Claims Settled: 8.61 Lakhs.
Benefits:
- Instant digital copy of the policy
- Quick and hassle-free claim settlement
- On-road protector coverage
- Surveyors for immediate claim initiation.
Plans:
- Third Party liability
- Comprehensive car insurance
- Own damage cover
- Personal accident cover.
4. Navi Car Insurance
Why we choose it?
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.
Key Features:
- Claim Settlement Ratio: 82.91%
- Cashless Garages: 1100+
- Solvency ratio: 2.12
- Branches: 120+
- Claims Settled: 12 Lakhs.
Benefits:
- Insurance coverage
- Legal liability
- Financial security
- Affordable premiums.
Plans:
- Third party liability
- Comprehensive car insurance
- Long-term comprehensive
- Liability only private car
- COCO drives a private car package.
5. Raheja QBE Car Insurance
Why we choose it?
Raheja QBE Insurance shines with its optional coverage options, its claims process and low level of complaints, which helps it overcome only average rates.
Key Features:
- Claim Settlement Ratio: 100.51%
- Cashless Garages: 1300+
- Solvency ratio: 3.66
- Branches: 100+
- Claims Settled: 16 Lakhs.
Benefits:
- Quick claim settlement process
- Readily available customer support
- Instant policy issuance and faster process.
Plans:
- Private car insurance policy
- Compulsory personal accident to owner-driver.
6. Royal Sundaram Car Insurance
Why we choose it?
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.
Key Features:
- Claim Settlement Ratio: 87.89%
- Cashless Garages: 4600+
- Solvency ratio: 1.87
- Branches: 158+
- Claims Settled: 15 Lakhs.
Benefits:
- Good and hassle-free pre-sales and post-sales services
- Towing facility – spot repair services
- On-time Services
- 24x7 claim assistance.
Plans:
- Third Party Car Insurance
- Comprehensive Car Insurance.
7. SBI Car Insurance
Why we choose it?
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.
Key Features:
- Claim Settlement Ratio: 86.01%
- Cashless Garages: 5000+
- Solvency ratio: 2.00
- Branches: 137+
- Claims Settled: 6.23 Lakhs.
Benefits:
- Easy and hassle-free purchase process
- 24x7 claim assistance.
Plans:
- Own damage car insurance
- Third party car insurance
- Personal accident cover.
8. Universal Sompo Car Insurance
Why we choose it?
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 Features:
- Claim Settlement Ratio: 87.96%
- Cashless Garages: 3500+
- Solvency ratio: 1.90
- Branches: 86+
- Claims Settled: 1.11 Lakhs.
Benefits:
- Quick claim settlement
- Instantaneous purchase
- Wide range of add-ons
- 24x7 claim assistance
- Robust customer support system.
Plans:
- Third party car insurance
- Comprehensive cover.
9. Magma HDI Car Insurance
Why we choose it?
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 Features:
- Claim Settlement Ratio: 82.35%
- Cashless Garages: 1300+
- Solvency ratio: 1.79
- Branches: 200+
- Claims Settled: 10 Lakhs.
Benefits:
- Save time
- Get better price
- Easy and convenient process
- Trained professionals at your service.
Plans:
- Third party liability
- Comprehensive car insurance.
10. Shriram Car Insurance
Why we choose it?
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 Features:
- Claim Settlement Ratio: 79.43%
- Cashless Garages: 2000+
- Solvency ratio: 3.63
- Branches: 3850+
- Claims Settled: 2.08 Lakhs.
Benefits:
- 24x7 Hassle-free claim process
- Survey and assistance within a day
- Simple claim procedure
- Updated claim status.
Plans:
- Personal Accident cover
- Third party car insurance
- Comprehensive cover
- Long-term car insurance.
Conclusion:
The decision of selecting the best car insurance plan for you is not an easy one. There are many factors to consider, and it will depend on your specific needs. We evaluated insurance companies based on their financial strength, discounts, technology, and customer experience.
In this article, you learned what Oriental car insurance covers and their alternatives, the types of coverage most companies offer, and what can raise or lower your monthly premium. We also include a step-by-step guide on buying car insurance and explain why car insurance is worth your money.
If you are looking for a plan that has a low monthly premium and more coverage or benefits choose any one of the above companies they differ in some parts only. So, before deciding on the best car insurance company check all the features and benefits.