Best Car Insurance in India: ACKO vs HDFC ERGO vs ICICI Lombard vs IFFCO Tokio vs SBI vs Reliance – Who Wins?

Looking for the best car insurance in India? Compare ACKO, HDFC ERGO, ICICI Lombard, IFFCO Tokio, SBI, and Reliance on claim settlement ratio, customer service & pricing. Find out which insurer ranks #1!

Choosing the best car insurance in India is more critical than ever, with rising vehicle ownership and increasing road risks. With numerous providers like ACKO, HDFC ERGO, ICICI Lombard, IFFCO Tokio, SBI General, and Reliance General, car owners are often overwhelmed by options. This comprehensive guide compares these top insurers based on claim settlement ratio (CSR), customer service, premium affordability, network garages, and add-on covers to help you find the #1 car insurance provider in India. Packed with the latest data and insights, this blog will empower you to make an informed decision for your car insurance policy.

Why Car Insurance Matters in India

Car insurance is not just a legal requirement under the Motor Vehicles Act, 1988; it’s a financial safety net against accidents, theft, and third-party liabilities. A robust comprehensive car insurance policy protects you from unforeseen expenses, while third-party insurance ensures compliance with the law. With India’s diverse road conditions and high accident rates (over 4.37 lakh accidents in 2022, per the Ministry of Road Transport and Highways), choosing a reliable insurer is paramount.

Key factors to consider when selecting the best car insurance company include:

• Claim Settlement Ratio (CSR): Indicates the percentage of claims settled against claims received.
• Customer Service: Availability of 24/7 support and ease of claim processing.
• Premium Affordability: Competitive pricing without compromising coverage.
• Network Garages: Access to cashless repair facilities.
• Add-On Covers: Options like zero depreciation, roadside assistance, and engine protection.

Let’s dive into the comparison of ACKO, HDFC ERGO, ICICI Lombard, IFFCO Tokio, SBI General, and Reliance General to determine which offers the best car insurance in India for 2025.

1. ACKO Car Insurance: The Digital-First Disruptor

ACKO General Insurance is a tech-driven insurer revolutionizing the Indian insurance market with its digital-first approach. Known for affordable premiums and a seamless online experience, ACKO is a favorite among tech-savvy car owners.

Key Features

• Claim Settlement Ratio: 99.1% (FY 2023-24).
• Premiums: Starting at ₹2,094 per year, making it one of the cheapest options.
• Network Garages: Over 2,000, primarily in metro cities.
• Customer Service: 24/7 digital support via app and website, with a fully online claim process.
• Add-Ons: 14 customizable add-ons, including key replacement, loss of personal belongings, and zero depreciation.

Pros

• Low Premiums: ACKO’s online-only model eliminates intermediaries, reducing costs.
• Fast Claims: Digital claims processing ensures quick settlements, often within days.
• User-Friendly: Paperless process and intuitive app make policy management easy.

Cons

• Limited network garages compared to competitors, especially in non-metro areas.
• Online-only support may not suit those preferring in-person assistance.

Best For: Budget-conscious, tech-savvy car owners seeking cheap car insurance with reliable claim settlement.

2. HDFC ERGO Car Insurance: The CSR Champion

HDFC ERGO General Insurance, a joint venture between HDFC Ltd. and ERGO International, is a market leader known for its 100% claim settlement ratio in FY 2023-24, making it a top choice for reliability.

Key Features

• Claim Settlement Ratio: 100% (FY 2023-24).
• Premiums: Starting at ₹2,551 per year, slightly higher than ACKO.
• Network Garages: Over 8,000, one of the largest networks in India.
• Customer Service: 24/7 multilingual support via call, chat, and app, with overnight repair services.
• Add-Ons: 7 add-ons, including zero depreciation, engine protection, and no-claim bonus (NCB) protection.

Pros

• Top CSR: 100% settlement ratio ensures hassle-free claims.
• Extensive Garage Network: Cashless repairs available nationwide.
• Innovative Services: Overnight repair and doorstep windshield repair services enhance convenience.

Cons

• Higher premiums compared to ACKO.
• Fewer add-ons than competitors like ACKO or SBI.

Best For: Car owners prioritizing high claim settlement and access to a wide network of cashless garages.

3. ICICI Lombard Car Insurance: The Trusted Giant

ICICI Lombard General Insurance, backed by ICICI Bank and Fairfax Financial Holdings, is a household name with a strong reputation for comprehensive coverage and customer-centric services.

Key Features

• Claim Settlement Ratio: 97.9% (FY 2020-21, latest available for motor insurance).
• Premiums: Competitive, starting around ₹2,500–₹3,000, depending on the vehicle.
• Network Garages: Over 9,700, the largest among competitors.
• Customer Service: 24/7 support with doorstep repair and claim settlement services.
• Add-Ons: Includes roadside assistance, zero depreciation, and passenger accident cover.

Pros

• Largest Garage Network: Extensive cashless repair options across India.
• Doorstep Services: Pick-up and drop-off for repairs enhance convenience.
• Trusted Brand: Over 4 crore customers and multiple awards for service quality.

Cons

• Lower CSR compared to HDFC ERGO and ACKO.
• Premiums may be higher for older vehicles or high-risk areas.

Best For: Car owners seeking a trusted brand with extensive garage coverage and premium services.

4. IFFCO Tokio Car Insurance: The Reliable Performer

IFFCO Tokio General Insurance, a joint venture between Indian Farmers’ Co-operative and Tokio Marine, is renowned for its high CSR and transparent policies.

Key Features

• Claim Settlement Ratio: 96.44% (FY 2018-19, latest motor-specific data).
• Premiums: Moderately priced, starting around ₹2,500–₹3,500.
• Network Garages: Over 4,300, with a focus on quality repairs.
• Customer Service: 24/7 helpline and quick claim settlements within 4 hours for minor claims.
• Add-Ons: 8 customizable add-ons, including zero depreciation, roadside assistance, and engine protection.

Pros

• Quick Claims: Known for settling claims within hours for minor damages.
• Reputable: Multiple awards for customer service and transparency.
• Comprehensive Coverage: Strong protection against accidents, theft, and natural calamities.

Cons

• Smaller garage network compared to HDFC ERGO and ICICI Lombard.
• Older CSR data may not reflect current performance.

Best For: Car owners valuing quick claim settlements and transparent policies.

5. SBI General Car Insurance: The Banking Backed Contender

SBI General Insurance, a subsidiary of the State Bank of India, leverages its vast banking network to offer accessible car insurance with competitive features.

Key Features

• Claim Settlement Ratio: 98% (FY 2024).
• Premiums: Affordable, starting around ₹2,500, with discounts for SBI customers.
• Network Garages: Over 5,400, with cashless repair facilities.
• Customer Service: 24/7 roadside assistance and dedicated claim managers.
• Add-Ons: 13 add-ons, including depreciation reimbursement, engine guard, and consumables cover.

Pros

• High CSR: 98% ensures reliable claim settlements.
• Wide Reach: Access through 14,000+ SBI branches enhances convenience.
• Flexible Add-Ons: Extensive customization options for comprehensive coverage.

Cons

• Customer service response times can vary in non-metro areas.
• Smaller garage network compared to HDFC ERGO and ICICI Lombard.

Best For: SBI account holders and those seeking affordable premiums with robust add-ons.

6. Reliance General Car Insurance: The Consistent Performer

Reliance General Insurance, part of the Reliance Group, is known for its hassle-free claims and large garage network, making it a strong contender in 2025.

Key Features

• Claim Settlement Ratio: 98% (FY 2024).
• Premiums: Competitive, starting around ₹2,500–₹3,000.
• Network Garages: Over 3,700, with cashless repair options.
• Customer Service: 24/7 helpline and Easy Video Claims for faster processing.
• Add-Ons: 10+ add-ons, including EMI protection, RIM protection, and zero depreciation.

Pros

• High CSR: 98% reflects reliable claim settlements.
• Innovative Claims: Easy Video Claims simplify the process.
• Awards: Recognized as “General Insurance Company of the Year 2015”.

Cons

• Smaller garage network compared to top players like ICICI Lombard.
• Customer service may face delays during peak times.

Best For: Car owners seeking a balance of affordability and reliable claims processing.

Head-to-Head Comparison Table

Customer Satisfaction: Who Offers the Best Service?

Based on user reviews, app ratings, and service feedback (2025 data):

• ACKO: Top-rated for digital experience, quick claim approvals, and responsive chat support (4.7/5 on app stores).
• HDFC ERGO: Excels in both online and offline support, with strong grievance redressal (4.5/5).
• ICICI Lombard: Highly reliable but slightly formal customer interactions (4.4/5).
• SBI General & IFFCO Tokio: Average service, with occasional delays in query resolution (4.0/5).
• Reliance General: Mixed reviews due to inconsistent claim experiences (3.8/5).

Winner: ACKO for digital-first service; HDFC ERGO for overall reliability.

Which Insurer Wins in 2025?

1. Highest Claim Settlement Ratio: HDFC ERGO

With a 100% CSR in FY 2023-24, HDFC ERGO leads the pack, ensuring nearly every claim is settled, making it the most reliable choice for claim assurance.

2. Best Customer Service: ICICI Lombard

ICICI Lombard excels with its doorstep repair services, 24/7 dedicated claim managers, and a vast network of 9,700+ garages, offering unmatched convenience.

3. Most Affordable Premiums: ACKO

ACKO stands out with premiums starting at ₹2,094, ideal for budget-conscious car owners without sacrificing coverage quality.

4. Best Overall: HDFC ERGO

Balancing a 100% CSR, 8,000+ garages, and innovative services like overnight repairs, HDFC ERGO emerges as the #1 car insurance provider in India for 2025. Its slightly higher premiums are justified by its unmatched reliability and service quality.

Tips to Choose the Best Car Insurance in India

1. Compare CSR: Prioritize insurers with a CSR above 95% for reliable claim settlements.
2. Check Network Garages: Ensure the insurer has cashless garages near your location.
3. Evaluate Add-Ons: Opt for add-ons like zero depreciation and roadside assistance for comprehensive coverage.
4. Use Online Tools: Platforms like InsuranceDekho, Policybazaar, and Coverfox allow easy comparison of premiums and features.
5. Read Reviews: Check customer feedback on social media and forums like Reddit for real-world insights.
6. Assess IDV: Choose a policy with a customizable Insured Declared Value (IDV) for maximum coverage.

Navigating Best Car Insurance

Choosing the best car insurance in India depends on your priorities—whether it’s affordable premiums, high claim settlement, or superior customer service. HDFC ERGO takes the top spot with its 100% CSR, extensive garage network, and innovative services, making it ideal for most car owners. ACKO is perfect for budget-conscious buyers, while ICICI Lombard excels in customer service and garage coverage. IFFCO Tokio, SBI General, and Reliance General are strong contenders for specific needs like quick claims or add-on flexibility.

Disclaimer: Premiums and CSR may vary based on vehicle type, location, and policy terms. Always verify details with the insurer before purchasing.