Mahindra XUV 500 Insurance

Insurance and cars have been complimenting each other for a long time. It is crucial for car owners to buy insurance that serves most of their needs.  Bajaj Markets presents the Mahindra XUV 500 car insurance policy which covers accidents, natural calamities and theft. You also get added benefits such as third-party liabilities, damage caused due to external means with the Mahindra car insurance. With this policy, you will get access to all the amazing benefits at an affordable premium. You can buy the insurance at Bajaj Markets.

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

 *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.

Buying a Mahindra XUV 500 car insurance online on Bajaj 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.

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

• Visit the Bajaj 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.

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.

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

Third-Party Car Insurance

A third-party car insurance 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 car insurance cover is considered to be an all-rounded insurance cover that provides you with financial aid against all liabilities that you may incur. 

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.

Some of the exclusions under car insurance available on Bajaj 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. 

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 in car insurance 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.

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.

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) in car insurance 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!

• 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.

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:

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

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.

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

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

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.

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 Bajaj 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.