HDFC ERGO vs Universal Sompo Car Insurance is the two leading insurance companies in India. One of the most important decisions you will ever make is to choose the right insurance plan for your car. They have almost similar products, but their pricing and coverage are different.
HDFC ERGO is a cost-effective plan that provides basic coverage. Universal Sompo is a premium-based plan with features like accident cover, roadside assistance, and travel benefits. The question then becomes - which one should you choose? In this article HDFC ERGO vs Universal Sompo Car Insurance comparison, we will help you to make an informed decision.
Universal Sompo has been around for a long time and is considered one of the best car insurance companies in India. On the other hand, HDFC ERGO is an insurance company that works with multiple brands. They are considered one of the most reliable insurers in the country. Whether it is HDFC ERGO or Universal Sompo car insurance the best car insurance company always provides:-
- Good coverage offered
- Better price
- Best customer services
- Customization of add-ons
- Claim settlement ratio
- No. of cashless garages
- Analyzing car insurance needs
- Financial ability of the company
- Third party liability coverage
- Personal accident cover.
For some individuals, a car insurance company that has the highest claim settlement ratio is the best, while for others the insurance company which has a wide network of cashless garages is the best. Thus, several parameters make an insurance company the best for an individual. One should consider the following factors while choosing a car insurance company.
| Key Points |
HDFC ERGO Car Insurance |
Universal Sompo Car Insurance |
| Claim Settlement Ratio |
70.02% |
87.96% |
| Cashless Garages |
6800+ |
4600+ |
| Solvency Ratio |
1.90 |
1.90 |
| Third party Cover |
Covered up to Rs. 7.5 lakhs |
Covered up to Rs. 7.5 lakhs |
| Personal Accident Cover |
Covers up to Rs. 15 lakhs |
Covers up to Rs. 15 lakhs |
| Claims Settled |
1 crore |
1.11 lakhs |
| Branches |
200+ |
86+ |
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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HDFC ERGO Car Insurance:
HDFC ERGO provides car insurance services in India with innovative features and a wide variety of policies. Additionally, they have offerings for all types of vehicles. HDFC ERGO offers third-party damage cover, personal liability cover, and accidental coverage to ensure all-around protection.
HDFC ERGO Car Insurance offers customer-centric solutions, providing competitive rates and excellent customer care. The company has an extensive network across the country, which makes it easy to compare rates and choose the best policy that suits you.
| Types of policies |
- Comprehensive Car Insurance
- Third Party Car Insurance
- Standalone Own Damage Cover
- Private Car Bundle Policy.
|
| Add-ons/Riders |
- Zero Depreciation cover
- No Claim Bonus Protection
- Emergency Assistance Cover
- Downtime protection
- Engine and gearbox protection
- Return to Invoice.
|
| What is Covered? |
- Get Instant Quotes
- Payment Reminders
- Instant Coverage
- Quick Issuance
- Zero paperwork
- Convenience
- Control over coverages
- 24x7 customer service
- Physical Injury
- Death of an Individual
- Damage to the Property
- Personal Accident Cover
- A comprehensive Car Insurance policy covers accidents, natural/man-made calamities, fire and explosion, theft, etc.
|
*Know about HDFC ERGO Car Insurance benefits and coverages in this Article*
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Universal Sompo Car Insurance:
Universal Sompo is the first public-private General Insurance Corporation. The cost of Universal Sompo car insurance varies depending on the type of policy that you choose to buy. A 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. Universal Sompo car insurance review receives positive reviews for its comprehensive coverage options, efficient claims processing, and customer-centric approach.
Universal Sompo Car Insurance is a comprehensive car insurance package offered by Universal Sompo General Insurance Company Limited. The insurer offers private as well as commercial insurance under its four-wheeler banner. The private car package covers loss arising out of manmade and natural calamities, legal liability to third party personal injury and property damage, and compulsory Personal Accident cover for owner drivers. You can also avail of a discount for opting for higher voluntary excess.
| Types of policies |
- Motor private car insurance policy
- Comprehensive car insurance
- Third party car insurance.
|
| Add-ons/Riders |
- Depreciation waiver
- Return to invoice
- Loss of personal belongings
- Engine protector
- Roadside assistance cover
- Hospital daily cash
- Cost of consumables
- NCB Protector
- Tyre and Rim secure
- Loss of Driving license
- Accidental hospitalization
- Daily Cash allowance
- Secure Towing
- Key Replacement clause.
|
| What is Covered? |
The motor private car insurance policy covers:-
- Fire
- Explosion
- Natural disasters
- Self-ignition
- Theft
- Personal accident
- Theft
- Road, rail, inland waterway.
- Affordable premiums
- A strong network of garages
- 24x7 assistance.
|
*Know about Universal Sompo Car Insurance benefits and coverages in this Article*
Know More
Comparison of HDFC ERGO Car Insurance vs Universal Sompo Car Insurance:
| Key Features |
HDFC ERGO Car Insurance |
Universal Sompo Car Insurance |
| Premium |
Starting at just Rs. 2094 |
For 1000 cc Starts at Rs. 2055 |
| No Claim Bonus (NCB) |
Up to 50% discount |
Covers up to 50% |
| Claim Assistance |
Quick and Easy Claim Settlement Process |
24x7 paperless claim assistance |
| Easy Claims |
Through the HDFC ERGO Insurance Mobile App |
Instant Motor Claims through IL Take care app |
| Accessibility |
Online through
PolicyBachat & HDFC ERGO Website. |
Online through
PolicyBachat & Universal Sompo Website. |
More Benefits, Features, and Highlights of HDFC ERGO vs Universal Sompo Car Insurance:
| Comparison |
HDFC ERGO Car Insurance |
Universal Sompo Car Insurance |
| Benefits |
- Third Party Damages: It covers personal accidents, third party injuries, and property damages
- Own Damage Covers: It Covers accidents, fire & explosion, theft, and calamities
- No Claim Bonus: The No Claim Bonus (NCB) covers up to 50%.
- Personal Accident Cover: It covers you up to Rs. 15 lakhs.
- Comprehensive Car Insurance: It covers you against accidents, natural/manmade disasters, In-transit damages, fire and explosion, theft, and personal accidents cover.
|
- Possess authentic and prestigious certifications
- Allows its policyholders to raise unlimited claims
- Provides third party as well as comprehensive plan
- Holds a strong network of more than 3,500 garages
- 24x7 emergency assistance is provided to policyholders
- A robust customer support system to resolve their queries.
|
| Features |
- Quick policy purchase online
- 24x7 claim assistance
- Cashless claim settlement at network garages
- Touchless policy issuance
- No break-in coverage
- Get Instant Quotes
- Payment reminders
- Instant Coverage
- Quick issuance with minimal paperwork
- Seamlessness and transparency
- Prompt customer service
- Control over coverage.
|
- Quick claim settlement
- Instantaneous purchase
- Wide range of add-ons
- Third party liability
- Personal accident cover
- Loss due to natural calamities
- Loss due to man-made calamities.
|
| Highlights |
- Quick policy purchase online
- 24x7 claim assistance
- Cashless claim settlement at network garages
- Touchless policy issuance
- No break in coverage.
|
- Universal Sompo’s car insurance policy offers a comprehensive scope of coverage. There are inbuilt coverage benefits, add-ons as well as optional extensions so that you can customize your policy as per your preference and enjoy the widest scope of coverage.
- The company has settled more than 90% of its claims successfully. This enhances Universal Sompo car insurance’s Claim Settlement Ratio and bolsters trust in the company.
- Attractive discounts are allowed by the Universal Sompo car insurance plan thereby making the premiums affordable in your pockets.
|
Conclusion:
Comparison of HDFC ERGO Car Insurance and Universal Sompo Car Insurance online leads to cost efficiency due to low operating costs to maintain online. PolicyBachat helps to calculate the pros and cons of the policy and buy the desired policy. PolicyBachat gives you the distinction between the carrier backgrounds, claim settlement ratio, product portfolio, pricing, best coverages, suitability, and network garages to configure the right insurance policy.
Get the top carrier quotes to distinguish the best insurance plan in terms of premium, coverage, and holding experience in the insurance sector. At PolicyBachat, a user can buy/renew a car insurance policy in simple easy steps instantly.
PolicyBachat help you choose the best car insurance policy by comparing online. You must know what your budget and requirements are, to decide on the right one for your needs. When you buy insurance for your car, you would want to get insurance that is high on benefits and low on costs.