Top 10 Car Insurance Companies In Indore, Madhya Pradesh 2024

Updated On: 2023-04-24

Author : Team Policybachat

Car insurance is an important purchase for most people. It is a financial investment that will protect you from unforeseen accidents, injuries, or damages that may occur during your commute or while driving on the road. Car insurance companies offer different packages with varying rates and benefits to suit different needs and budgets. This article talks about the top 10 car insurance companies in Indore. The list includes quotes from each company and a brief overview of what they offer.

Car insurance in Indore is vital to your car and your car insurance company. There are several different companies out there. We are here to give you the top ten car insurance companies in Indore, India. Many people overlook the importance of finding a policy that meets their precise needs when just looking for the cheapest quote, but it’s important to choose one that meets your requirements.

In other words, the best car insurance provider for you may not be the cheapest on the market. The best car insurance in Indore will help you to evaluate the premium, charges, coverage, and more. When shopping for the best car insurance company in Indore, two of the most important factors to consider are price and customer service. Indore car insurance options have always been a challenge for consumers who are looking for the best coverage at a reasonable price. However, PolicyBachat has made it easier to find and compare auto insurance quotes in India. In this article, we discuss what makes these companies such good choices for buying car coverage. The top 10 car insurance companies in Indore, Madhya Pradesh are:-

  1. Acko Car Insurance
  2. Shriram Car Insurance
  3. Raheja QBE Car Insurance
  4. Oriental Car Insurance
  5. Navi Car Insurance
  6. Universal Sompo Car Insurance
  7. Edelweiss Car Insurance
  8. IFFCO TOKIO Car Insurance
  9. Royal Sundaram Car Insurance
  10. Magma HDI Car Insurance

Why Buy Car Insurance from Best Car Insurance Companies in Indore?

If you are a first-time car insurance buyer, it is natural that you may look for tips online to make the right buying decision. Browse through some reliable insurance portals, and you will find that one of the important tips that the experts recommend is to consider the reputation of the insurer.
They recommend that people should always select a reputed insurer having a good claim settlement ratio for their car insurance no matter if they want to purchase third-party or comprehensive insurance.

  • Higher Claim Settlement Ratio
  • Hassle-free Claim Filing Process
  • Better Coverage
  • Competitive Premiums
  • Wide-Range of Add-ons
  • Wide range of Network garages
  • Easy online purchase and renewal.

Find the Right Car Insurance Companies in Indore, Madhya Pradesh:

The best car insurance company in Indore 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. We ranked the top insurance companies based on our proprietary rating, which measures both cost and customer service.

1) 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.


  • Damage caused by Natural disasters or severe weather
  • Fire
  • Theft
  • Vandalism
  • Damage to the third party
  • Damage to your vehicle caused by falling objects such as trees
  • Damage or destruction of your vehicle caused by an act of civil disturbance such as riots.

2) Shriram Car Insurance

Shriram car insurance has highly competitive car insurance rates and low complaint levels making 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.


  • Fire, explosion, self-ignition, or lightning
  • Burglary or theft
  • Riot & strike
  • Natural calamities like floods, hurricanes, storms, earthquakes, etc.
  • Terrorist activity.

3) Raheja QBE Car Insurance

A Raheja QBE 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 full 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.


  • Accidents
  • Burglary
  • Theft
  • Explosion
  • Fire
  • Lightning
  • terrorist acts
  • riots
  • Earthquake
  • Flood
  • Third-party liabilities.

4) 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.


  • Lightning, fire, explosion, or self-ignition
  • Theft of the insured vehicle
  • Strikes
  • Earthquakes
  • Tempests, floods, hurricanes, cyclones, etc.
  • External accidents
  • Terrorist acts
  • Malicious activity
  • In-transit damages
  • Rockslides and landslides.

6) Universal Sompo Car Insurance

Universal Sompo Car Insurance shines with its optional coverage options, its claims process, and its 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.


  • Earthquakes, floods, storms, cyclones, lightning, hurricane, landslides, etc.
  • Fire, riots, malicious acts strikes, etc.
  • Transported through air, road, or water
  • Theft of the car.

7) 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.


  • Accident Fire
  • Lightening
  • Self-Ignition
  • Explosion
  • Theft, Riots & Strikes, and/or Malicious Acts and Terrorism
  • Earthquakes, Flood Cyclones
  • Inundation Transit by Rail, Road, Air & Elevator

8) 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.


  • Protection from third-party liability
  • Compliance with the law
  • Cover against theft
  • Cover against natural calamities
  • Personal accident cover
  • Protection against financial losses.

9) 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.


  • Fire, Explosion, Self-ignition, Flood, Inundation,
  • Typhoons, Tempest, Hurricane, Storm, Cyclone, Hailstorm, Frost
  • Lightning, Earthquake, Landslide, Rockslide
  • Burglary, Housebreaking, theft, riot, malicious act or terrorist activities, accidental damages by external means, damages in transit by road, rail, inland waterway, lift, elevator or air.

10) Magma HDI Car Insurance

Magma HDI is worth considering as your top choice. The company offers reputable services, a wide selection of coverage, and cheap car insurance rates, according to our rate estimates.


  • Accident Fire
  • Lightening
  • Self-Ignition
  • Explosion
  • Theft, Riots & Strikes, and/or Malicious Acts and Terrorism
  • Earthquakes, Flood Cyclones
  • Inundation Transit by Rail, Road, Air & Elevator.

How to choose the Best Car Insurance Companies in Indore?

Buying car insurance is downright easy in comparison and it doesn't put your savings at risk. You shop around for the best-priced car insurance policy, pay your premium and have coverage up to the limits you've chosen. Also, you can obtain coverage for your vehicle with coverages like collision and comprehensive, something you can't do using alternative methods of financial responsibility.
To determine which car insurance is best, we have researched the companies which are stand out. This analysis takes into account three main categories of factors:

  • Average rates and Coverages
  • Online and digital policy management
  • Availability and eligibility requirements.

We chose these metrics specifically to develop a well-rounded review. Our methodology uniquely helps you get a robust view of each carrier, rather than just focusing on the price. Our extensive research revealed that these 10 insurers are some of the best car insurance companies in Indore.

Companies “Best Car Insurance for”
Magma HDI Best Services
Royal Sundaram Best for customizable premiums
Shriram Best car insurance package
IFFCO TOKIO Best for discounts
Navi Advanced Options
Acko Best Rates Overall
Raheja QBE Best for flexible policies
Oriental Best Mobile App
Edelweiss Best for young drivers
Universal Sompo Reliable Claim Assistance


The decision of selecting the best car insurance companies in Indore 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 car insurance companies in Indore to select the right choice. Now that you know which company in Indore is best for you, it’s time to pick one!

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