Car insurance is compulsory in India, but choosing the right plan at the right price is confusing. In 2025, many companies offer affordable yet reliable car insurance policies. Let’s explore the top 5 cheapest car insurance companies in India.
1. ICICI Lombard Car Insurance
- Premium: Starting ₹2,300/year
- Coverage: Third-party + Comprehensive
- USP: Fast claim settlement, 24/7 support’
2. HDFC ERGO Car Insurance
- Premium: From ₹2,500/year
- Coverage: Zero dep add-ons, roadside assistance
- USP: Wide garage network across India
3. Bajaj Allianz Car Insurance
- Premium: Around ₹2,200/year
- Coverage: Personal accident cover, cashless repair
- USP: Quick claim approval
4. Reliance General Car Insurance
- Premium: Starting ₹2,100/year
- Coverage: Third-party + own damage
- USP: Affordable premiums, easy renewal
5. SBI General Car Insurance
- Premium: Approx ₹2,400/year
- Coverage: Personal accident, natural calamities
- USP: Backed by SBI’s reliability
Conclusion
👉 If you need lowest premium, go with Reliance. For better services & add-ons, choose HDFC ERGO or ICICI Lombard.
Note: cheapest car insurance India 2025, affordable car insurance, best low-cost car insurance
