Mahindra Bolero Insurance

Check the features and benefits of Mahindra Bolero insurance, its premiums, and the buying process.
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3 mins
20 October 2023

The Mahindra Bolero is more than just a car; it's an embodiment of rugged style and reliability. This powerhouse on wheels commands attention on Indian roads with its muscular design and robust performance. To ensure your Mahindra Bolero continues to rule the road safely, having the right insurance is paramount. In this comprehensive guide, explore the different variants of the Mahindra Bolero and the associated insurance premium prices. Also, know the features and benefits of Mahindra Bolero insurance, understand what it excludes, and learn how to purchase or renew this insurance online.

Mahindra Bolero variants with insurance premium price

The Mahindra Bolero offers a range of variants to cater to different driving needs and preferences. Each variant comes with a unique insurance premium price, depending on factors like the car's make, model, age, location, and the chosen insurance company. Here are some of the Mahindra Bolero variants along with approximate insurance premium prices (these prices can vary):

  Mahindra Bolero car variants Insurance premiums range
Bolero SLE Rs. 10,000 - Rs. 15,000
Bolero SLX Rs. 11,000 - Rs. 16,000
Bolero ZLX Rs. 12,000 – Rs. 14,000
Bolero Power+ Rs. 10,000 – Rs. 14,000

Note: The prices mentioned are indicative and can vary depending on multiple factors, such as your location, the specific insurance company, and your individual driving history.

Features of Mahindra Bolero insurance

Here’s a range of features of Mahindra Bolero insurance:

Own damage coverage:

Mahindra Bolero insurance covers damage to your vehicle resulting from accidents, natural calamities, or other unforeseen events.

Third-party liability:

This insurance also provides coverage for third-party liabilities, including injury or damage caused to another person or their property due to an accident involving your Bolero.

Personal accident cover:

The policy often includes a personal accident cover for the owner or driver of the vehicle in case of accidents leading to injury or loss of life.

No-Claim Bonus (NCB):

If you do not make any claims during your policy term, you can enjoy NCB benefits, which reduce your premium during the policy's renewal.

Cashless repairs:

Some insurance providers offer the convenience of cashless repair services at their network garages, ensuring hassle-free claim settlements.

Benefits of Mahindra Bolero insurance

Mahindra Bolero insurance comes with a range of benefits that provide peace of mind and financial security. Here are some key advantages of having insurance for your Mahindra Bolero:

Financial protection:

Insurance safeguards your finances by covering repair costs in case of damage to your car or liability expenses if involved in an accident or any mishap.

Legal compliance:

Having third-party insurance is a legal requirement in India. It offers coverage for third-party damages, adhering to the law while protecting your interests.

Personal accident cover:

Insurance often includes personal accident cover, offering financial support in case of injuries to you or the driver in an accident.

No-Claim Bonus (NCB):

A good driving history that includes no claims can earn you NCB benefits, resulting in reduced premium costs during policy renewal.

Peace of mind:

With insurance, you can hit the road with confidence, knowing you have a safety net in place to handle unexpected events.

Additional coverage:

You can opt for additional coverage features, such as zero depreciation cover, tyre protection cover, passenger cover, engine protection cover, etc. to further enhance your policy.

What are the exclusions of Mahindra Bolero insurance?

Here are some common exclusions of Mahindra Bolero insurance:

General wear and tear:

It doesn’t cover regular wear and tear of the vehicle, including the ageing of parts.

Mechanical or electrical breakdown:

The insurance policy typically does not cover the repair or replacement of mechanical or electrical parts due to wear and tear.

Driving without a valid licence:

If you or the person driving your vehicle does not possess a valid driver's license, any claims resulting from accidents or damage will be excluded.

Driving under the influence:

It does not cover claims related to accidents or damage that occur while the driver is under the influence of alcohol or drugs.

Illegal activities:

Any incidents or damage that occur while the vehicle is used for illegal activities are typically not covered.

Consequential damage:

It does not cover consequential damage, such as damage due to oil leakage or overheating.
You must thoroughly read and understand your insurance policy to know the specific exclusions. Additionally, speaking with your insurance provider or agent can clarify any doubts.

How to buy/renew Mahindra Bolero car insurance online?

Renewing or purchasing Mahindra Bolero car insurance online is an easy and convenient process. Here's a step-by-step guide:

Gather information:

Collect all the necessary information, including your vehicle details, personal identification, and existing insurance policy details (if you are renewing).

Choose an insurance provider:

Visit the website of your current insurance provider or explore different reputable insurance companies in India. Make sure to compare policies and choose the one that best suits your needs.

Enter vehicle details:

On the insurance provider's website, look for the 'Renew Policy' or 'Buy/Renew' option. Enter your Mahindra Bolero's registration number, and the website will autofill some details. Verify and complete any additional information required.

Policy selection:

Choose the type of policy you want to renew or purchase, such as third-party liability or comprehensive coverage. You can also select any add-ons or additional coverage options based on your needs.

Premium calculation:

The website will calculate the premium based on the information provided. Look for available discounts that can help reduce your premium.

Online payment:

Select your preferred mode of online payment, which typically includes options like credit/debit cards, net banking, or digital wallets. Ensure the payment gateway is secure and complete the payment.

Verify and confirm:

After successful payment processing, you will receive a confirmation of the renewal or purchase. You will receive the policy document in your email, or you can download it from the insurer's website.

Print and keep your policy:

Once you have the renewed policy document, ensure you print a copy and keep it with you. It is essential to have a physical or digital copy available when driving on the road.

How to apply for car insurance at Bajaj Finance Insurance?

Here’s a step-by-step guide to applying for car insurance at Bajaj Finance Insurance Mall.


Step 1: Visit Bajaj Finance Insurance Mall and view the car insurance plans offered by leading motor insurance companies.
Step 2: Choose a car insurance policy and click on 'Get Quote’ to open the online application form.
Step 3: Enter the vehicle type, two-wheeler registration number, mobile number, and residential PIN code. Check the terms and conditions and click on the ‘Get Quote’ button below.
Step 4: Choose the IDV, NCB value, add-on covers, and plan type to get a list of relevant policies. You need to update your current policy expiry date here.
Step 5: Click on the ‘Buy Now’ button. You will need to add owner-driver personal accident cover mandated by the RTO. Click on ‘Next’ to proceed.
Step 6: Confirm the vehicle registration date and the previous policy type (comprehensive/third-party). Click on ‘Proceed’.
Step 7: Enter the vehicle owner’s name, date of birth, residential address, and contact number. Also, enter the vehicle engine and chassis number (as per the RC) and previous policy details.
Step 8: Review your previously filled details and make the payment through your preferred online payment mode. You can use net banking, UPI, or credit/debit card to buy the policy.

Mahindra Bolero insurance provides protection against unforeseen events such as accidents, natural calamities, or theft. The insurance premium for Mahindra Bolero depends on the vehicle variant, the age of the car, and the insurance provider. It is important to compare policies, understand the exclusions, and add the appropriate riders to customise the policy according to your needs. With online insurance renewal options, you can renew your Mahindra Bolero insurance policy quickly and conveniently. Drive with peace of mind with the right Mahindra Bolero insurance policy.

Frequently asked questions

Which is the best car insurance for Mahindra Bolero?

There are many car insurance policies available for Mahindra Bolero, but it is recommended to choose a comprehensive policy for your car. It covers damages caused to your car, third-party liabilities, and personal accidents. The easiest way to find the best car insurance policy is to compare and buy car insurance policies online. You can go on platforms like Bajaj Finance Insurance Mall, where you can compare and buy policies as per your requirement and budget.

What is the car insurance premium for Mahindra Bolero?

The car insurance premium for Mahindra Bolero can vary based on factors such as the car's age, city of registration, and the policy's additional features. On average, the premium for Mahindra Bolero ranges from Rs. 8,000 to Rs. 17,000 per year.

How do I renew my car insurance for Mahindra Bolero?

You can renew your Mahindra Bolero's car insurance policy online by visiting the insurer's website or mobile app. Simply enter your policy details, make the payment, and download the renewed policy document.

How much coverage will I get for Mahindra Bolero on car insurance?

The coverage you get for your Mahindra Bolero on car insurance depends on the policy's terms and conditions. Comprehensive car insurance provides the highest coverage, including third-party liability, own damage, and personal accident cover. However, it is always recommended to read the policy's fine print carefully to understand the coverage and exclusions.

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T&C Apply. *Premium indicated is exclusive of taxes for third party coverage of two-wheeler up to 75 CC. Premium may vary based on the specification of the vehicle.