Mahindra XUV 500 Car Insurance

The Mahindra XUV is one of the most popular mid-range SUVs in India. The car comes with an engine capacity of up to 2179cc. The Mahindra XUV 500 car price (ex-showroom- New Delhi) ranges from ₹ 14.30 Lakh to ₹ 18.91 Lakh. The SUV was awarded a 4-star safety rating in the Global NCAP crash test. However, a good safety rating is not enough. As a car owner, it is absolutely essential that you ensure your financial safety in the event of any accidents, theft, or natural calamities. To do this you will need the right Mahindra XUV 500 car insurance.

READ MORE

Save 80% on Premium | 4000+ Network Garages | On the spot claim settlement | Buy a Car Insurance Now!

Mahindra XUV 500 Variants with Car Insurance Price

Here is a list of the Mahindra XUV 500 variants and Mahindra XUV 500 insurance cost:

Mahindra XUV 500 Variants

Ex-Showroom Price*

Fuel Type

Estimated Third-party Premium*

W5 FWD

₹ 14.27 Lakh

Diesel

₹ 7,890

W7 FWD

₹ 15.59 Lakh

Diesel

₹ 7,890

W9 FWD

₹ 17.33 Lakh

Diesel

₹ 7,890

W11 Optional FWD

₹18,90,085

Diesel

₹ 7,890

 *The ex-showroom prices are for Delhi and are subject to change based on 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.

Buy Mahindra XUV 500 Car Insurance at Your Fingertips!

Buying a Mahindra XUV 500 car insurance online on Finserv MARKETS is a hassle-free process. All you need to do is follow these steps:

 

  • Enter your mobile number and your Mahindra XUV 500 registration number.

  • Provide all the necessary details about your vehicle.

  • Pick the XUV 500 car insurance plan that is best suited for your needs.

  • Pay the car insurance premium online.

  • Your Mahindra XUV 500 car insurance policy will be sent to your email address upon successful payment.

Renew Mahindra XUV 500 Car Insurance in Minutes!

Renewing your Mahindra XUV 500 Insurance is a simple process. Just follow the five steps given below:

 

  • Visit the Finserv MARKETS ‘Car Insurance Renewal’ page.

  • Enter your XUV 500 registration number and contact details. 

  • Check your Mahindra XUV 500 car insurance renewal premium.

  • Make the payment online.

  • Download the policy copy.

 

Read More: Car Insurance Renewal

Why Insure Your Mahindra XUV 500?

Once you own a Mahindra XUV 500, you will undoubtedly fall head over heels for it. So, it goes without saying that you won’t be able to bear to see even a scratch on it. While the Mahindra XUV 500 boasts top-notch safety features and is effortless to drive, you are always exposed to certain risks like accidents, injury, theft, natural calamities, vandalism etc. Such incidents can lead to huge damage repair expenses, that can go as high as ₹1 Lakh or more! A comprehensive Car Insurance Policy will protect your car against all such risks by compensating for the damages caused to your car. Besides, having at least third-party car insurance is mandatory in India under the Motor Vehicles Act, 1988.

Which Type of Mahindra XUV 500 Car Insurance Should You Opt For?

In India, you can choose from two types of car insurance plans for your Mahindra XUV 500:

 

Third-Party Car Insurance

A third-party cover essentially protects you from all of the financial liabilities towards a third party that are incurred by you. The coverage of such policies is not extended to you or your car in any unfortunate event. Hence, the premium charges are easy on the pocket. If you are looking to buy an extensive cover for your Mahindra XUV 500, it is recommended to buy a comprehensive car insurance policy.

 

Comprehensive Car Insurance

With a comprehensive cover, you are safe from both third-party liabilities as well as your own damages. A comprehensive cover is considered to be an all-rounded insurance cover that provides you with financial aid against all liabilities that you may incur. 

What Does Your Mahindra XUV 500 Insurance Cover?

Third-party car insurance covers any injuries/death or damages caused to a third party by your Mahindra XUV 500. On the other hand, comprehensive car insurance policies include third-party liabilities, damages caused to your insured Mahindra XUV 500 due to accidental/external means, terrorist activity, etc.

What is Not Covered in Your Mahindra XUV 500 Insurance?

Some of the exclusions under car insurance available on Finserv MARKETS are damage or loss caused outside the designated geographical area in the insurance policy, claims arising out of any Contractual Liability, damages caused due to overspeeding, etc. 

Top-Up Your Mahindra XUV 500 Car Insurance with Add-on Covers

You can purchase certain add-on covers to enhance your Mahindra XUV 500 insurance policy. Some common add-on covers are:

 

  • Personal Baggage Cover
    Covers the damages to your personal belongings caused during an accident.

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

  • Consumables Cover
    Covers the repair/replacement of consumables like brake oil, engine oil, gearbox oi, etc. after an accident.

  • Accessories Cover
    This covers damages incurred to your Mahindra XUV 500’s accessories in case of any mishap.

 

Read more: Add-on Covers in Car Insurance

Filing a Claim for Your Mahindra XUV 500 Insurance- Things to Know

In case of a claim, you are required to submit the following documents:

 

  • Duly filled and signed claim form

  • Copy of the insurance policy

  • Copy of your XUV 500’s registration certificate (RC)

  • Driver’s licence copy

  • Copy of the FIR

  • Original bills and receipts of the vehicle repair

Now that you know about the documents needed to file a car insurance claim, the next step is to understand how you can file a claim. There are two ways to claim your Mahindra Car Insurance:

 

Cashless Claim for Car Insurance Policy

Here, your damaged car can be repaired at the nearest network garage. Your insurer will pay the garage directly for all the repair expenses that have been incurred.

 

Reimbursement Claim for Car Insurance Policy

In this claim, you can get your car repaired at a garage of your choice, bear all the expenses, and then file a claim for reimbursement against your car insurance policy. The claim amount will be transferred to your registered bank account upon the approval of your claim.

 

Read more: Car Insurance Claim Process

Tips to Reduce Mahindra XUV 500 Car Insurance Premium

Here are some ways to help reduce your car insurance premium:

  • Maintain Your Mahindra XUV 500

    One of the easiest ways to reduce your car insurance premium is to maintain your Mahindra XUV 500 in good condition and get it serviced from time to time.

  • No Claim Bonus Rewards

    By making zero claims on your XUV 500 car insurance plan throughout the policy tenor, you can earn No Claim Bonus (NCB) rewards and get a cost-effective renewal premium on your car insurance policy. 

  • Avoid Small Claims

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

  • Install Anti-Theft Devices in Your Mahindra XUV 500
    You can install anti-theft devices in your car for an additional reduction in the insurance premium.

  • Compare Premium Quotes Online

    Don’t forget to compare the car insurance premium quotes offered by various companies to get the best car insurance plan that suits your needs!

Must-Know Tips to Maintain Your Mahindra XUV 500

 

  • Check Car Tyres 

    Regularly check the tyres of your XUV 500 for damage, cuts, excessive wear and tear, or any missing/loose wheel nuts.

  • Inspect Car Battery

    Regularly inspect your car battery for any battery cable corrosions and adequate electrolyte levels. 

  • Maintain a Clean Engine
    Ensure that your XUV 500’s engine has clean fuel.

  • Check Fluids Regularly

    Check your oil, coolant, brake, and power steering fluids regularly.

Know the Mahindra XUV 500 Maintenance Cost

The estimated Mahindra XUV 500 maintenance cost for five years is ₹32,740. The first three servicing of your Mahindra XUV 500 are free of cost. Below is the maintenance schedule and the cost applicable:

Mahindra XUV 500 Service Schedule

Kilometres/Months

Free or Paid

Total Expenses*

First Service

 3000/3

Free

₹2,540

Second Service

 10000/12

Free

₹3,540

Third Service

20000/24

Free

₹7,290

Fourth Service

30000/36

Paid

₹5,740

Fifth Service

40000/48

Paid

₹7,890

Sixth Service

50000/60

Paid

₹5,740

*Disclaimer: These are indicative prices. The actual cost of maintenance of Mahindra XUV 500 may vary and change from time to time.

About Mahindra XUV 500

Manufactured by the leading Indian automotive manufacturer Mahindra, the XUV 500 boasts of a powerful mHawk diesel engine that promises an improved mileage of 15.1 kmpl. Moreover, its rugged looks, spacious seating design and adequate safety features like parking assist, side blind zone and lane change alert make the Mahindra XUV 500 one of the best buys in the SUV segment. The high ground clearance along with its efficient electronic brake force distribution further adds up to the car’s performance as an SUV.

Specifications of Mahindra XUV 500

Let’s have a look at some of the key specifications of the Mahindra XUV 500 like mileage, engine displacement, fuel tank capacity, etc.:

Details

Mahindra XUV 500 Specs

Mileage

15.1 kmpl

Engine Displacement

2179 cc

Transmission Type

Manual, Automatic, Automatic (Torque Converter)

Max Power

114kW@3750rpm

Max Torque

360Nm@1750-2800rpm

Seating Capacity

7

Fuel Type

Diesel

Fuel Tank Capacity

70 litres

No. of Cylinder

4

Ground Clearance (Unladen)

200 mm

Note: The actual specifications may vary depending on the Mahindra XUV 500 variant.

Mahindra XUV 500 Features

The Mahindra XUV 500 comes with a host of great features. Some of these are:

 

  • Power Steering

  • Anti-Lock Braking System

  • Driver Airbag

  • Passenger Airbag

  • Air Conditioner

  • Wheel Covers

  • Power Windows (Front)

Note: The actual features may vary depending on the Mahindra XUV 500 variant.

Summing Up

The Mahindra XUV 500 was discontinued in India in November 2021, but you can still find the car in the second-hand market. Even though the XUV 500 is a heavily built SUV with adequate safety features, it is essential to cover your car with the right Mahindra XUV 500 car insurance coverage plan to protect you financially in case of accidents, theft, or loss due to man-made or natural disasters.


So, wait no more! Head over to Finserv MARKETS to get your hands on a suitable car insurance plan for your Mahindra XUV 500.


Note: Even though the Mahindra XUV 500 has been officially discontinued in India, you will still need a valid third-party car insurance plan to drive your car on Indian roads.

Check Out Car Insurance Plans Available at Finserv MARKETS

FAQs on Mahindra XUV 500 Insurance

  • ✔️Do I need a licence to buy a car in India?

    No, a driving licence is not mandatory to purchase a car in India. However, you will need a licence to drive on Indian roads. If you are caught driving without a licence, you will have to pay heavy penalties upwards of ₹2,000.

  • ✔️Is it cheaper to insure an older car?

    Yes, it is cheaper to insure older cars. Cars lose their value with age due to depreciation. A car’s IDV (Insurer’s Declared Value) goes down by 50% over the first three years of its life.

  • ✔️What is the torque of the Mahindra XUV 500?

    The max torque of the Mahindra XUV 500 is 360Nm@1750-2800rpm.

  • ✔️What is the Mahindra XUV 500 ground clearance?

    The unladen ground clearance of the Mahindra XUV 500 is 200mm.

  • ✔️What is the Mahindra XUV 500 service cost in India?

    The estimated Mahindra XUV 500 service cost for 5 years is ₹32,740. However, the service cost for different Mahindra XUV 500 variants is subject to change and can vary from time to time.

Happy Customers of Finserv MARKETS

Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!

I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!

Check your personal loan eligibility in seconds!

My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!

Get the best FD interest rates starting @ 8.40%. Let's start!

Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!

Get sum insured up to 1 Crore! Let's start!

The best way to start looking for health insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premia!

Zero additional charge on part-payment option on Business loans! Let's start!

I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!

Get home loan sanctioned online in 72 hours! Let's start!