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The Mahindra Bolero, priced between ₹9.89 to ₹10.90 Lakhs in India, is a 7-seater SUV. It has a 1.5 L diesel engine, manual transmission, and a mileage of 16 kmpl. Bolero comes in 3 variants and is popular as a very sturdy car. However, car insurance is a crucial step to better shield your Bolero from potential risks. 


It provides a reassuring safety net, ensuring both your finances and car are protected from unforeseen damages and expenses. You can choose third-party, comprehensive, or own damage insurance policies for your Mahindra Bolero. It's important to know about the premium costs, inclusions & exclusions, add-on covers, etc. and make an informed decision.

Insurance Premiums for Mahindra Bolero Variants

The Mahindra Bolero is offered in 3 variants, all powered by a diesel engine. Let’s take a look at their prices and premium costs for a better understanding:

Mahindra Bolero Variants

Ex-showroom price

Fuel Type

Estimated Third-party Premium Rates (FY2023-24)


₹9.89 Lakhs




₹10.10 Lakhs



B6 (Opt)

₹10.90 Lakhs



*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. 


Disclaimer: The above information is for Mahindra Bolero in Delhi only. Premium rates will depend on the specific model, variant, fuel type, place and year of registration, IDV, add-on covers and various other factors.

How to Buy Insurance for Mahindra Bolero Online

On Bajaj Markets, you can benefit from a quick application process and purchase car insurance for Mahindra Bolero in the following easy steps: 

  • Open the ‘Car Insurance Premium Calculator’ page

  • Enter your Bolero registration number and contact details

  • Provide the required information asked in the form

  • Choose your car insurance policy from the available plans

  • Make an instant online payment for your car’s insurance premium 


The details of your Mahindra Bolero car insurance policy will be sent to your email address shortly.

Why Insure Your Mahindra Bolero?

Securing your Mahindra Bolero with car insurance offers a multitude of advantages for both your car and your finances: 

  • Legal Compliance: 

Beyond good practice, it's a legal mandate in India, ensuring responsible vehicle ownership and compliance with the law

  • Financial Protection: 

Car insurance acts as a robust financial shield, preventing unforeseen expenses from accidents, theft, or natural disasters

  • Comprehensive Coverage: 

Opting for comprehensive car insurance offers holistic coverage and ensures a wide range of protection, covering damages, third-party liabilities, theft, and more

  • Additional Benefits: 

Car insurance provides added benefits like zero depreciation, roadside assistance, and customisable add-ons, enhancing the overall value and protection of your policy

Types of Car Insurance Plans for Mahindra Bolero

Go through the following types of car insurance plans that you can choose from to financially secure your Mahindra Bolero: 

Third-Party Car Insurance

Third party car insurance is mandatory to drive your four-wheeler on Indian roads, as per the Motor Vehicles Act, 1988. This plan only covers your financial liabilities towards a third party incurred by your insured Bolero and does not extend to you or your car. Hence, it has affordable premium rates.

Own Damage Car Insurance 

Own Damage Insurance shields your vehicle from accidents, vandalism, and fire, ensuring coverage for repair or replacement costs. With customisable options, it offers tailored coverage for enhanced financial security, safeguarding both your investment and your vehicle's value.

Comprehensive Car Insurance

A comprehensive car insurance plan is an extensive policy that covers both third-party liabilities as well as damages to your Bolero due to an unfortunate event. The car insurance premium for a comprehensive plan is higher than that of a third-party cover since it covers all liabilities that you may incur.


  • Compensation for losses or damages caused to a third party

  • Coverage for bodily injuries and death of the victim

  • Personal accident cover for the owner-driver

  • Protection against own vehicle damage

  • Safeguarding against third-party liabilities

  • Coverage for theft and various other perils


  • Damages resulting from malicious activities

  • Instances of driving without a valid licence

  • Natural wear and tear of the vehicle

  • Electrical or mechanical breakdowns

  • Damages occurring under the influence of alcohol or drugs

  • Damages during war-like situations

Add-on Covers for Your Mahindra Bolero

Here are some add-on covers you can combine with your comprehensive Bolero car insurance plan for better financial protection: 

  • Consumables Cover

Covers the repair/replacement cost for consumables like engine oil, brake oil, engine oil, coolant, etc. after an accident 

  • NCB Protection Cover 

This add-on ensures that you don't lose your No Claim Bonus in car insurance even after making a certain number of claims

  • Engine Protection Cover

Provides coverage for engine damage due to water seepage, lubricating oil leakage, etc.

  • Roadside Assistance Cover

Provides emergency roadside assistance services like flat tyre repair, towing services, urgent fuel delivery, etc.

  • Personal Baggage Cover

Provides coverage for loss/damage to your personal belongings that is caused during an accident

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Process for Filing Cashless Claims

  • Notify your insurer in the event of an accident

  • Choose your desired network garage from the available options provided

  • Take your Mahindra Bolero to the selected garage for repairs

  • Submit the necessary bills and supporting documents to your insurer

  • Your insurance provider will verify the documents submitted and directly settle the claim with the garage

Process for Filing Reimbursement Claims

  • Notify your insurer about the damages incurred to your Bolero

  • If there has been a theft, file a First Information Report (FIR)

  • Submit a copy of the FIR along with any other necessary documents to your insurer

  • Take your car to the garage of your choice and pay for the necessary repairs

  • Submit all receipts and required documentation to your insurance provider

  • Your insurer will verify the details and reimburse you for the expenses

Documents Required to Raise an Insurance Claim

Remember to provide the following list of documents while filing a claim: 

  • Duly filled and signed insurance claim form

  • Copy of your car insurance policy

  • Copy of your Bolero’s registration certificate (RC)

  • Copy of the driver’s licence

  • Copy of the FIR

  • Original bills and receipts of the Bolero repair expenses

Tips to Reduce Your Mahindra Bolero’s Insurance Premium

Some easy ways to reduce your Bolero car insurance premium are:

  • Keep Your Car in Good Shape

Get your Bolero serviced regularly and maintain it in a good condition to get a lower car insurance premium.

  • Use No Claim Bonus Rewards

Earn NCB in car insurance reward by not making any claims on your Bolero car insurance plan throughout the policy tenor and use these rewards to get a cost-effective renewal premium.

  • Do Not File Small Claims

Avoid filing car insurance claims for inexpensive Bolero repairs to secure your NCB reward.

  • Install Anti-Theft Devices

You can install ARAI-approved anti-theft devices in your Bolero for an additional reduction in the insurance premium 

  • Compare Premium Quotes Online

Always compare the Bolero car insurance premium quotes offered by various companies on online platforms like Bajaj Markets before purchasing

Tips to Maintain Your Mahindra Bolero

  • Check Car Tyres 

Regularly check the car tyres for damage, cuts, or any missing/loose wheel nuts and maintain the right air pressure in the tires 

  • Inspect Car Battery

Keep the car battery dry and clean and regularly check for any battery cable corrosions and salt deposition

  • Maintain a Clean Engine

Ensure that your Bolero’s engine has clean fuel and keep the fuel levels constant to avoid unwarranted engine issues

  • Follow the Service Schedule

You must follow the Bolero maintenance and service schedule to keep your car in mint condition and contribute to its longevity

Check Out Car Insurance Partners Available at Bajaj Markets

FAQs on Insurance for Mahindra Bolero

Why is Mahindra Bolero Car insurance needed?

The right insurance package provides protection in case of accidents, thefts, arson, or riots. Insurance plans also lend protection to your Mahindra Bolero in case of damage due to natural disasters such as earthquake, floods, landslides.

Can I renew my Mahindra Bolero car insurance policy online?

Yes, the Mahindra Bolero insurance can be very easily renewed online.

Is there an option to pay an insurance premium in monthly instalments?

No. It's a legal requirement to pay the full premium amount in one go.

Is the Mahindra Bolero car insurance policy transferable?

Yes, if you want to sell your Mahindra Bolero, you can always get it transferred to the buyer, who will be the new owner.

Does Mahindra Bolero come with power steering?

Yes, Mahindra Bolero is equipped with power steering so that you can turn with ease, even in crowded streets.

How much horsepower does a Bolero have?

The mHAWK75 diesel engine in a Mahindra Bolero produces a maximum power of 55.9 kW at 3600 r/min. This means that Mahindra Bolero’s horsepower is 75 BHP at 3600 r/min.

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