Many people may not know that Universal Sompo car insurance is one of the most expensive in India. There are many alternatives to Universal Sompo car insurance that you can choose from. We have listed the top 10 Universal Sompo Car Insurance alternatives below.
The best car insurance alternatives for Universal Sompo car insurance is based on the wide range of features, including third party liability and comprehensive coverage. The best car insurance alternatives for Universal Sompo car insurance because it offers a complete range of features and benefits as well as 24-hour helpline service, which will help you in case of any emergency.
A lot of people are fed up with the high cost of car insurance. Some people are even switching to car insurance alternatives. If you're looking for an affordable and reliable way to protect your vehicle. Top 10 Universal Sompo Car Insurance alternatives are:-
- Royal Sundaram Car Insurance
- Edelweiss Car Insurance
- Raheja QBE Car Insurance
- SBI Car Insurance
- IFFCO TOKIO Car Insurance
- Navi Car Insurance
- Acko Car Insurance
- Oriental Car Insurance
- Shriram Car Insurance
- Magma HDI Car Insurance.
Universal Sompo Car Insurance:
Universal Sompo Car Insurance shines with its optional coverage options, its claims process, and low level of complaints, which helps it overcome only average rates. Universal Sompo car insurance policy offers aid to the car owner if he/she meets with an accident that causes damage to the car. Universal Sompo car insurance plans not only cover damages but also have a compulsory personal accident cover.
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| Claim Settlement Ratio |
87.96% |
| Cashless Garages |
3500+ |
| Solvency ratio |
1.90 |
| Branches |
86+ |
| Claims Settled |
1.11 Lakhs |
| Why Buy? |
- Quick claim settlement
- Instantaneous purchase
- Wide range of add-ons
- 24x7 claim assistance
- Robust customer support system.
|
How to find the Best Car Insurance Company for you?
Car insurance premiums have highly personalized a tweak to your job role, or the amount of excess you’re happy to pay can make a big difference to your premiums. We explain more in our guide how premiums are calculated. The key is the get the right cover level, plus good service at the cheapest price. This is why we survey customers. All our best picks are at least 3-star rated for service.
- Compare policies. Different insurers can offer the same level of cover for very different prices. Shop around and compare car insurance quotes with as many providers as you can to make sure you’re getting the best deal for you. Comprehensive cover can sometimes work out cheaper than the third party, so compare all options.
- If your quotes are too high, consider a higher excess. An excess is an amount you would contribute to any claim before your insurer will pay out. If you voluntarily increase your excess, your insurance company sees you as less likely to make a claim, which will help to bring down the cost of your premium (but always make sure you can afford to pay it should you have an accident).
- Consider different options, such as pay-as-you-go cover. Some providers, like By Miles, offer pay-as-you-go cover. This is good for people who don’t drive very often and don’t want to pay for annual cover.
- Review your provider’s quote every year. When renewal time rolls around, it’s crucial to shop around a few weeks before your policy starts. Consider switching as you’re likely to save – some people save hundreds of pounds. If you do want to stick with your insurer, you can try haggling, as that’s common and usually effective.
Top 10 Alternatives & Competitors of Universal Sompo Insurance:
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.
1) Royal Sundaram Car Insurance
Royal Sundaram offers decent car insurance rates for all customers and many helpful add-on coverages. The level of complaints against it for car insurance is very low. The company also has many optional offerings that can give you better insurance protection, making it a good choice to look at when comparison shopping.
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| Claim Settlement Ratio |
87.89% |
| Cashless Garages |
4600+ |
| Solvency ratio |
1.87 |
| Branches |
158+ |
| Claims Settled |
15 Lakhs |
| Why Buy? |
- Good and hassle-free pre-sales and post-sales services
- Towing facility – spot repair services
- On-time Services
- 24x7 claim assistance.
|
2) Edelweiss Car Insurance
The Edelweiss Group is one of the largest financial services groups in India. Edelweiss provides a broad range of financial products and services, catering to a substantial and differentiated client base, including corporations, institutions, and individuals. They combined with a relentless focus on systems, processes, and the highest governance standards, enable us to deliver quality services to customers.
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| Claim Settlement Ratio |
93.38% |
| Cashless Garages |
2000+ |
| Solvency ratio |
2.09 |
| Branches |
100+ |
| Claims Settled |
20 Lakhs |
| Why Buy? |
- Good customer support
- Priority services at preferred workshops
- Quick claim settlement.
|
3) Raheja QBE Car Insurance
Raheja QBE has very competitive car insurance rates for many types of car insurance customers, which makes it worth a look if you want cheap car insurance. Its low level of car insurance complaints is another reason to consider Raheja QBE.
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| Claim Settlement Ratio |
100.51% |
| Cashless Garages |
1300+ |
| Solvency ratio |
3.66 |
| Branches |
100+ |
| Claims Settled |
16 Lakhs |
| Why Buy? |
- Quick claim settlement process
- Readily available customer support
- Instant policy issuance and faster process.
|
4) SBI Car Insurance
An SBI car insurance policyholder will not have to worry about paying the garage bill or the hospital bill if he/she meets with an accident. This fully Government owned insurer offers a wide range of effective car insurance products which can help deal with different types of situations on road. This SBI car insurance protects your finances against any losses incurred when your vehicles meet with accidents or are damaged during natural and man-made calamities.
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| Claim Settlement Ratio |
86.01% |
| Cashless Garages |
5000+ |
| Solvency ratio |
2.00 |
| Branches |
137+ |
| Claims Settled |
6.23 Lakhs |
| Why Buy? |
- Easy and hassle-free purchase process
- 24x7 claim assistance.
|
5) IFFCO TOKIO Car Insurance
IFFCO Tokio Car Insurance plan is your one stop protection plan for your car. IFFCO Tokio was also the first company in India to offer property and liability insurance. Also, IFFCO Tokio General Insurance was the first to establish Bima Kendra’s across rural India.
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| Claim Settlement Ratio |
84.04% |
| Cashless Garages |
4300+ |
| Solvency ratio |
1.73 |
| Branches |
200+ |
| Claims Settled |
8.61 Lakhs |
| Why Buy? |
- Instant digital copy of the policy
- Quick and hassle-free claim settlement
- On-road protector coverage
|
5) IFFCO TOKIO Car Insurance
Navi General Insurance is a leading car insurance company in the country. The company gives its policyholders a sense of empowerment with financial independence through an extensive range of affordable products and a seamless customer experience. Navi General Private Car Insurance Policy can be customized as per your requirement to get insurance for your private vehicle.
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| Claim Settlement Ratio |
82.91% |
| Cashless Garages |
1100+ |
| Solvency ratio |
2.12 |
| Branches |
120+ |
| Claims Settled |
12 Lakhs |
| Why Buy? |
- Insurance coverage
- Legal liability
- Financial security
- Affordable premiums.
|
7) Acko Car Insurance
Acko General Insurance understands that car insurance is a simple and effective way to protect your car from unforeseen risks. Acko Car insurance saves costs, complies with the law, and stays hassle-free with ACKO’s online car insurance policy. Having good car insurance is a necessity to protect you from financial losses that come along with road accidents.
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| Claim Settlement Ratio |
82.35% |
| Cashless Garages |
1300+ |
| Solvency ratio |
1.91 |
| Branches |
200+ |
| Claims Settled |
10 Lakhs |
| Why Buy? |
- 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.
|
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. Likewise to its various other plans, ensures all the range of misfortune events are well covered under its Car Insurance Plan.
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| Claim Settlement Ratio |
81.83% |
| Cashless Garages |
2000+ |
| Solvency ratio |
1.40 |
| Branches |
1800+ |
| Claims Settled |
18 Lakhs |
| Why Buy? |
- Premium Discounts
- Cashless repair facility
- Excellent customer service.
|
9) Shriram Car Insurance
Shriram car insurance has highly competitive car insurance rates and low complaint levels make it worth checking out. The company continues to focus on the needs of customers, grooming talent, and bringing a great platform with the latest technology and ideas so that customers will get the best out of their investment portfolio and has a good claim settlement ratio.
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| 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.
|
10) 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.
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| Claim Settlement Ratio |
82.35% |
| Cashless Garages |
1300+ |
| Solvency ratio |
1.79 |
| Branches |
200+ |
| Claims Settled |
10 Lakhs |
| Why Buy? |
- Save time
- Get better price
- Easy and convenient process
- Trained professionals at your service.
|
How to get Cheap Car Insurance?
If you’re looking to save money with the cheapest possible car insurance, it’s essential to compare quotes from multiple insurers. You can use PolicyBachat car insurance comparison tool to easily shop for cheap car insurance online. You may find that you already have the most affordable insurance; but prices can change, so check roughly once a year.
These tips could help you get cheap auto insurance rates:
- Ask for discounts
- Rethink your deductible
- Know when to cut coverage
- Shop around can get a cheaper coverage
- Revisit quotes after your driving record improves.
Conclusion:
You can find many alternative car insurance plans for Universal Sompo if you are looking for a new car insurance solution. They vary in their affordability, coverage and personalization. The best way to find the perfect car insurance alternative for you is to be well informed about what it does and does not offer.
Best car insurance products in India analysis based on customer satisfaction and financial stability. But the best car insurance company for you may depend on your driver profile and where you live. Many insurance companies with strong ratings for claims service and overall customer satisfaction also offer some of the most affordable rates on average.
PolicyBachat is an insurance web aggregator that will see for yourself which car insurer provides the best car insurance policy by comparing quotes online. So, compare car insurance quotes and grab your car insurance policy now.