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To avoid incurring hefty repair expenses due to accidental loss, Mahindra car insurance ensures you are covered against numerous perils. The coverage includes third-party liabilities, theft, damage resulting to your vehicle, natural calamities, and more. With various insurance companies in the market, you can opt for Mahindra car insurance at prices that are budget-friendly and for Mahindra car models that may have been discontinued.

Mahindra Car Insurance Price for Popular Models

You can take a look at the Mahindra car insurance cost for the most popular Mahindra models in the table below:

Popular Mahindra Car Models

Ex-Showroom Price

Fuel Type

Estimated Third-party Premium**

FY 2022-23

(effective 1* April, 2022)


Mahindra Scorpio

₹13.18 lakh



Mahindra Bolero

₹8.99 lakh



Mahindra Thar

₹13.17 lakh



Mahindra XUV 700

₹12.96 lakh



Mahindra XUV 300

₹8.16 lakh



Mahindra Alturas G4

₹28.15 lakh



Mahindra Marazzo

₹12.79 lakh



Mahindra KUV 100 NXT

₹6.13 lakh



*The ex-showroom prices are for Delhi and are subject to change on the basis of the city.


**Third-party premium rates are indicative. The actual premium that you may have to pay may change depending on various factors. Please check the prevailing premium rates before purchasing your car insurance policy.

How to Buy Mahindra Car Insurance Online Without Hassle

You can buy Mahindra car insurance online in a matter of minutes, only at Bajaj Markets, by following the steps given below:


Step 1: Visit the ‘car insurance calculator page’.


Step 2: Fill in all the required information on the calculator form.


Step 3: Choose from the available Mahindra car insurance options.


Step 4: Upload the necessary documents and make the online insurance payment.


Step 5: Your car insurance plan will soon be activated and details will be sent to your email.

How to Renew Your Mahindra Car Insurance Online

Here are the process you can follow to renew your Mahindra car insurance online:


Step 1: Visit the car insurance renewal page of any insurance provider’s website.


Step 2: Enter your existing policy details on the page and any other required details.


Step 3: Choose a Mahindra car insurance renewal policy and check premium details.


Step 4: Once you have chosen a plan and studied it, pay the online insurance premiums for the plan.


Step 5: Your Mahindra car insurance plan will soon be activated.

Why Do You Need Mahindra Car Insurance?

Even if you drive your Mahindra car with utmost care, accidents due to bad roads or other drivers can still happen. A serious accident could completely wreck your car causing expensive damage. However, comprehensive car insurance can help you cover the costs of accidental damages, theft, and some other forms of damage. Moreover, you need to have at least third-party insurance if you wish to legally drive on the Indian roads, as per the New Motor Vehicles (Amendment) Act, 2019.

Types of Mahindra Car Insurance Options

Third Party Insurance

As an owner-driver, having third-party car insurance is compulsory under the Motor Vehicles Act, 1988. Such a cover financially secures you in case of third-party loss and damage, bodily injuries or even death of the victim. During a mishap, the insurance provider shall compensate the third party for the loss incurred. But you must know that third-party insurance doesn’t cover damage caused to your vehicle.

Comprehensive Insurance

On the other hand, comprehensive car insurance covers your vehicle as well as third-party liabilities. This includes theft, calamities, man-made disasters, personal accident cover, own damage, etc. Though you might find the Mahindra car insurance price to be a little expensive, you shall have a financial backup in the event of an accident.

What’s Covered Under Mahindra Car Insurance

Third-party insurance covers damage caused to the third party, bodily injuries, death of the victim and offers a personal accident cover. Comprehensive insurance covers own damage, third-party liabilities, theft, and other perils.

What’s Not Covered Under Mahindra Car Insurance

The exclusions of comprehensive insurance plans include natural wear and tear of the vehicle, damage resulting from malicious activities, driving without a valid licence or drunk driving, etc.

Enhance Your Mahindra Car Insurance With Add-On Covers

Though the add-on covers may vary based on various insurers, you can consider the below covers to maximise your coverage:

  • Return to Invoice Cover

Get the invoice value of your Mahindra SUV in case of total loss or theft of vehicle with a return to invoice cover. So, your prized possession will be completely secured from unforeseen risks by combining this cover with your car insurance.

  • Engine and Tyre Secure

A tyre undergoes the most wear and tear while the engine is a crucial part of your car. By opting for the engine and tyre cover, you can protect both these parts of your Mahindra SUV at an affordable price.

  • Zero Depreciation

Make sure that your insurer doesn’t consider the depreciation rate of your vehicle by opting for a zero depreciation cover. Hence, there shall be no more out-of-pocket expenses for repairs.

  • NCB Protection Cover

With such an add-on cover, you can get a cost-effective renewal premium and make great savings! NCB protection cover secures your NCB reward while allowing you to make a set number of claims without losing the bonus.

Steps to Follow to Raise a Mahindra Car Insurance Claim

Here are the documents required to file a Mahindra car insurance claim:


  • Mahindra car insurance policy

  • Vehicle details

  • Insurer details

  • Registration Certificate

  • Details of the incident

  • FIR copy in case of theft

  • Original bills and receipts of the vehicle repair


There are two types of Mahindra car insurance claims:

  • Cashless Claim Under Car Insurance

To opt for cashless claims, you can get your car serviced at a network garage associated with the insurer. The bill will be directly settled by the insurance company.

  • Reimbursement Claim Under Car Insurance

For reimbursement claims, you can get your four-wheeler repaired at any preferred garage. By submitting the original invoice, the insurance provider shall verify and process it. The expenses incurred will be reimbursed under your insurance plan.

Tips to Reduce Mahindra Car Insurance Premium

With the below tips, you can lower the Mahindra car insurance premium and avail an affordable quote:

  • Opt for Anti-Theft Devices

You can avail a lower car insurance premium quote by installing ARAI (Automotive Research Association of India) approved anti-theft devices. Thus, don’t miss out on such a chance and get the required devices installed.

  • Pay for Small Claims

To make sure your No Claim Bonus stays intact, you can choose to cover small and inexpensive claims. However, it is only recommended if you can afford to pay for it and the claim amount isn’t high.

  • Make Use of NCB

Another way to reduce your Mahindra car insurance premium is to secure the No Claim Bonus rewarded for not making any insurance claims during the policy year. The NCB for Car Insurance reward keeps increasing for consecutive claim-free years, greatly lowering your renewal premium.

  • Compare Insurance Quotes

You can consider various insurance providers and compare the insurance quotes along with other factors to get a better deal.

  • Maintain Your Mahindra Car

By regularly maintaining your Mahindra car and getting it serviced, you shall incur fewer issues and problems while driving the vehicle. This can go a long way in reducing the premium in the long term.

Final Thoughts

Now that you have gone through the features of Mahindra car insurance and understood how important it is, you must cover your SUV with the right plan. With extensive coverage, lucrative add-on covers, easy renewals and more, you can rest assured when it comes to your insurance requirements. So, head over to Bajaj Markets and opt for a suitable car insurance plan to safeguard your Mahindra SUV now! It is recommended to go through your policy documents to understand the terms and conditions before purchasing a plan.

Check Out Car Insurance Partners Available at Bajaj Markets

FAQs on Mahindra Car Insurance

Is online Mahindra car insurance better?

If you choose to purchase Mahindra car insurance online, you can easily save up on the premium and also get a better deal due to ease of online comparison.

Is the Mahindra car insurance price very high?

The Mahindra car insurance price depends on numerous factors such as make and model, fuel type, NCB, Insured Declared Value, type of insurance, etc. To estimate the Mahindra car insurance cost, you can make use of our online car insurance calculator now!

Do I need to purchase third-party car insurance for my Mahindra SUV?

Yes. Third-party car insurance is mandatory to drive legally on Indian roads and thus, you must have a valid third-party cover.

Can I get Mahindra car insurance for less than a year?

No. The insurance plans on Bajaj Markets offer coverage for at least a year.

What is the Mahindra on-road price for XUV 700?

The Mahindra on-road price for XUV 700 is around ₹15.40 Lakhs. 

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