Motor Vehicle Insurance

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Before we proceed to understand the Motor Vehicle Insurance, it is always important to know who these Insurers are. An insurer is a person or a company that contracts to indemnify another in the event of loss or damage.

Insurers carry out a number of tasks; several are vital for the society. And while there are many in the market, we have listed a few for your usage, all on one platform, so that you can pick and choose the best one, all on the click of a button.

The major task of insurers of motor insurance companies is to assist the policyholders to have a foresight, for you to deal with risks which might arise in the future proficiently. They do so by educating you about the right insurance products and aiding you to get your claims covered by the policies if need be.

The top 10 motor insurance companies in India are determined on the basis of some standard parameters that make them the most preferred ones in this industry.

Below mentioned factors are the criteria for their rankings that will help you understand why they are considered so,

* Purchase/Renewal of Policy

* How easily the client can get the claims

* Payment options

* The number of garages and servicing centers they have a tie-up with

* Customer satisfaction


While the above-mentioned parameters are extremely important in choosing, the other things you need to keep in mind before taking a motor insurance is the type you choose. Motor vehicle insurance policies are of two types-

i.)  Third Party Insurance (Mandatory to have)

ii.) Comprehensive policy


While it is obligatory to get insurance for your vehicle, it is always advisable to do a methodical groundwork before getting or renewing your policy from any of the noted vehicle insurance companies.

You can reach out to us, and our experts at RenewBuy and we will make it a lot easier for you to make decisions. We help you to compare the best vehicle insurance companies in India.


The best part, it is hassle-free and you get to know about different plans and the benefits they offer all on one platform.

 So if you are looking at buying an insurance policy, we suggest you do the following

-    Compare and buy new or renew a policy right away

-    Find the lowest premium rate

-    Choose the finest plan from the top vehicle insurance companies

And if chosen wisely, you can get these following benefits from various motor insurance companies

- Personal accident coverage

- Coverage for damage or loss of the insured vehicle

- Coverage against monetary, legal responsibility caused due to death or injury of the third part and/or property damage.

- Coverage for damage or loss of the insured vehicle due to theft, accident, self- ignition, explosion, lightning, fire, strikes, an act of terrorism, riots and natural calamities.

With technology now at your fingertips, you can buy and renew motor vehicle insurance online. offers the lowest premium and instant motor car insurance policy. Using our new age consumer gratifying policies buying motor insurance is tantamount to a cake walk. Not only does RenewBuy offer instant motor vehicle insurance but also lets you choose from leading insurers and set your IDV.


There are 20 vehicle insurance online and offline players currently operating in India and almost all offer the facility of buying vehicle insurance online.

As per the Motor Vehicle act, minimum of third party insurance  is required to avoid any penalty if caught without vehicle insurance. Now a days almost all insurers provide online vehicle insurance and with RenewBuy you can not only buy online but also compare before buying.


Motor Insurance is of following types:

1)    Private Car Insurance

2)    Two Wheeler Insurance

3)    Commercial vehicle Insurance


All these types of motor insurance can further be sub-divided into categories of the third party, comprehensive and zero depreciation.

Different insurers offer different norms for the car policy quotation as per City, vehicle make and model.

Online vehicle insurance has now become the need of an hour. Now when the Indian government is moving towards digital India, most of the existing motor vehicle insurance players have strategically started pushing their insurance agents and customers towards providing online vehicle insurance. Moreover, they are not only contributing to the environment but also playing an important role in saving on their carbon credits.

Now that you are aware of all the details for buying insurance, go ahead and pick the best one for you. Stay insured and ride safe!

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