ACKO and Digit Car Insurance are both digital insurance platforms that offer car insurance to customers with minimum paper. These platforms help the customer to purchase and manage policies online effectively. These platforms provide a seamless experience with zero-paperwork claims and app-based management. Car Insurance is necessary for owning a vehicle that provides financial protection against theft, accidents, and damage.
These two prominent players in the car insurance market were established in 2016. Acko is a digital insurance company renowned for its innovative approach and easy online policies. Digit Insurance Company is a reliable and good insurance company that provides excellent coverage options, premiums, claim processes, and user experience.
The car insurance company provides policies that vary from individuals and their requirements. It has been seen that some customers consider the highest claim settlement ratio and others are looking for a network of cashless garages. Therefore, several parameters are suitable for different customers. Therefore, the best factors to look for before purchasing any car insurance policies that are pointed out below.
Importance
Acko Car insurance is a simple way of protecting cars from unforeseen risks like accidents, theft, fire, and natural disasters. Insurance companies provide two types of insurance, namely third-party insurance and complete car insurance which are available at affordable rates. Acko Car Insurance complies with laws, and hassle-free and cost-savings policies. However, as per law, driving is legally allowed only after having third-party insurance in India. Acko car insurance offers coverage at the lowest premiums with no paperwork. These companies are offering car insurance at doorstep service claim settlement. This Acko car insurance provides convenient support, claims, and renewals timely. These insurance companies provide coverage against natural and man-made calamities. Apart from that, these companies are also offering several riders like zero depreciation cover, key replacement cover, no claim bonus protection, engine protection, and outstation emergency cover.
Digit Car Insurance Company is a private general insurance company in India. The company is renowned for its innovative and customer-centric approach which includes the use of technology that simplifies insurance processes and makes it more accessible to customers. This digit car insurance offers a wide range of options to protect cars from various accidents.
The company offers complete and third-party insurance and add-ons that can be customized to meet the specific needs of customers. The Digit car insurance covers own damage, third-party coverage, and personal accident coverage. The personal accident policy covers up to Rs.15 lakh.
Acko Vs Digit car insurance provides insurance coverage differently as per customer requirements. However, Acko car insurance is more appealing due to innovative features and excellent pricing.
Buying Car Insurance Process
To buy a Car insurance policy, it is better to check rates on online comparison websites that meet financial expectations. Therefore, when buying a car insurance policy online from these websites, the following steps must be taken.
Therefore, it is always advised to carefully assess the features of the insurer and provide informed decisions based on personal needs. This digit provides transparency and a straightforward insurance experience. Therefore, the choice depends on each requirement, preferences, and coverage options.
These two prominent players in the car insurance market were established in 2016. Acko is a digital insurance company renowned for its innovative approach and easy online policies. Digit Insurance Company is a reliable and good insurance company that provides excellent coverage options, premiums, claim processes, and user experience.
The car insurance company provides policies that vary from individuals and their requirements. It has been seen that some customers consider the highest claim settlement ratio and others are looking for a network of cashless garages. Therefore, several parameters are suitable for different customers. Therefore, the best factors to look for before purchasing any car insurance policies that are pointed out below.
- Claim Settlement ratio
- Add-ons Availability
- Quicker Customer Support Service
- Excellent Network of cashless garages
| Acko Car Insurance | Digit car insurance |
| The company has about 1300 cashless garages within the country. | This insurance company owns more than 5800 network of cashless garages in India |
| Acko has more than 200 branches in India. | Digit while only has about 100 branches. |
| The solvency ratio of Acko is 1.91 | The solvency ratio of digit is 2.01 |
| The claim settlement ratio is about 82% | The claim settlement ratio is about 74% |
Importance
Acko Car insurance is a simple way of protecting cars from unforeseen risks like accidents, theft, fire, and natural disasters. Insurance companies provide two types of insurance, namely third-party insurance and complete car insurance which are available at affordable rates. Acko Car Insurance complies with laws, and hassle-free and cost-savings policies. However, as per law, driving is legally allowed only after having third-party insurance in India. Acko car insurance offers coverage at the lowest premiums with no paperwork. These companies are offering car insurance at doorstep service claim settlement. This Acko car insurance provides convenient support, claims, and renewals timely. These insurance companies provide coverage against natural and man-made calamities. Apart from that, these companies are also offering several riders like zero depreciation cover, key replacement cover, no claim bonus protection, engine protection, and outstation emergency cover.
Digit Car Insurance Company is a private general insurance company in India. The company is renowned for its innovative and customer-centric approach which includes the use of technology that simplifies insurance processes and makes it more accessible to customers. This digit car insurance offers a wide range of options to protect cars from various accidents.
The company offers complete and third-party insurance and add-ons that can be customized to meet the specific needs of customers. The Digit car insurance covers own damage, third-party coverage, and personal accident coverage. The personal accident policy covers up to Rs.15 lakh.
Acko Vs Digit car insurance provides insurance coverage differently as per customer requirements. However, Acko car insurance is more appealing due to innovative features and excellent pricing.
Buying Car Insurance Process
To buy a Car insurance policy, it is better to check rates on online comparison websites that meet financial expectations. Therefore, when buying a car insurance policy online from these websites, the following steps must be taken.
- The applicant must fill in the required details and select the RTO location, car model, registration date, and email address.
- The applicant must click on start showing premiums of several other companies.
- The website will display premiums of different companies with low premiums.
- The applicant must select adequate add-ons or riders and discounts.
- The applicant is also provided with an edit option for policy details
- The applicant needs to fill in the vehicle owner's details and the owner's details
- The applicant must purchase car insurance online through online payment
Therefore, it is always advised to carefully assess the features of the insurer and provide informed decisions based on personal needs. This digit provides transparency and a straightforward insurance experience. Therefore, the choice depends on each requirement, preferences, and coverage options.
