Mahindra XUV300 Car Insurance

Buy car insurance policies for your Mahindra XUV300 car online. Check Mahindra XUV300 insurance plans, coverage details, and steps to buy online.
Buy/Renew Mahindra XUV300 Insurance
3 mins
20 July 2023

For those seeking a comfortable ride in a subcompact SUV, the Mahindra XUV300 presents an excellent option. Manufactured by Mahindra & Mahindra, this vehicle boasts a prestigious 5-star safety rating from the Global NCAP (New Car Assessment Programme), positioning it as one of the safest cars made in India. However, before hitting the road, it's crucial to ensure your XUV300 is financially protected with a car insurance policy. This article serves as a guide to purchasing car insurance online, providing insights into XUV300 insurance pricing and benefits.

Mahindra XUV300 car models and insurance price

For an estimated third-party premium cost on your Mahindra XUV300 car insurance, consult the table below:

Mahindra XUV300 Variant

Third-Party Premium Rates (FY 23-24)

 

XUV300 W2 1.2 Petrol

Rs. 3,416*

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XUV300 W4 1.2 Petrol

Rs. 3,416*

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XUV300 W6 1.2 Petrol

Rs. 3,416*

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XUV300 W4 1.5 Diesel

Rs. 3,416*

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XUV300 W6 1.2 Petrol AMT

Rs. 3,416*

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XUV300 W6 1.5 Diesel

Rs. 3,416*

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XUV300 W8 1.2 Petrol

Rs. 3,416*

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XUV300 W8 1.2 Petrol Dual Tone

Rs. 3,416*

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XUV300 W6 1.5 Diesel AMT

Rs. 3,416*

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XUV300 W8 (O) 1.2 Petrol

Rs. 3,416*

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XUV300 W8(O) 1.2 Petrol Dual Tone

Rs. 3,416*

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XUV300 W8 1.5 Diesel

Rs. 3,416*

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XUV300 W8 (O) 1.2 Petrol AMT

Rs. 3,416*

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XUV300 W8 1.5 Diesel Dual Tone

Rs. 3,416*

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XUV300 W8 (O) 1.2 Petrol AMT Dual Tone

Rs. 3,416*

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XUV300 W8 (O) 1.5 Diesel

Rs. 3,416*

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XUV300 W8(O) 1.5 Diesel Dual Tone

Rs. 3,416*

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XUV300 W8 (O) 1.5 Diesel AMT

Rs. 3,416*

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XUV300 W8 (O) 1.5 Diesel AMT Dual Tone

Rs. 3,416*

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Disclaimer:
 The above information is for Third-party premiums only. The Own Damage premium rates will depend on the specific model, variant, fuel type, place, the year of registration, IDV, add-on covers and various other factors.

Inclusions in car insurance policies:

  • Accidents: Car insurance covers damages resulting from unforeseen accidents, ensuring protection for your Mahindra XUV300.
  • Theft: Coverage extends to the insured declared value in case of theft.
  • Natural and man-made calamities: Insurance safeguards against natural calamities like fire, earthquakes, as well as man-made incidents such as vandalism or terrorist acts.
  • Personal accident: Up to Rs. 15 lakh coverage is provided for owner-driver's death or disability from an accident.
  • Third-party liabilities: Protection is available for injuries, disabilities, or deaths caused by your vehicle to third parties.

Exclusions in car insurance policies:

  • · Normal wear and tear and vehicle depreciation
  • Mechanical or electrical breakdown damages
  • Incidents involving driving under the influence of drugs or alcohol
  • Driving without a valid licence
  • Damages occurring outside geographical limits specified in the policy.

Car insurance add-ons you can consider

Add-ons, or additional coverage options, enhance your comprehensive car insurance policy for your Mahindra XUV300. Here are some add-ons available for your Mahindra XUV300 car insurance policy:

  • Zero depreciation cover: Ensures full reimbursement without depreciation during claim settlements.
  • Engine protection cover: Covers engine repair or replacement due to accidents or water damage.
  • Roadside assistance: Provides help in emergencies like breakdowns or flat tyres.
  • Return to invoice: Reimburses the invoice value in case of theft or total loss.
  • Personal accident cover: Extends coverage to passengers in accidents resulting in death or disability.
  • No-Claim Bonus protection: Retains accumulated no-claim bonus even after a claim.
  • Consumables cover: Covers costs of consumable items during repairs.
  • Key replacement cover: Covers the cost of lost or stolen car keys.
  • Invoice price cover: Ensures reimbursement of the invoice price in case of total loss, including taxes.

How to buy/renew Mahindra XUV300 car insurance through Bajaj Finance Insurance Mall

Bajaj Finance Insurance Mall offers a convenient platform for you to buy or renew car insurance plans for your Mahindra XUV300. Choose from plans offered by leading insurance partners and buy the policy in just a few clicks. Here’s how:

Step 1

Click on 'Get Quote' to open the online application form.

Step 2

Enter the vehicle type, car registration number, mobile number, and residential PIN code. Check the terms and conditions and click on the 'Get Quote' button below.

Step 3

Choose the IDV, NCB value, add-on covers, and plan type to get a list of relevant car insurance policies. You need to update your current policy expiry date here.

Step 4

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 5

Confirm the vehicle registration date and the previous policy type (comprehensive/third-party). Click on 'Proceed'.

Step 6

Enter the vehicle owner's name, date of birth, residential address, and contact number. Also, enter the vehicle engine and chassis number (as mentioned in RC) and previous policy details.

Step 7

Recheck 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 complete the application process.

Step 8

That’s it. You have successfully secured your Mahindra XUV300 with a car insurance policy. 

Car insurance claim process

Cashless claim process:

A cashless car insurance process enables repairs for your Mahindra XUV300 car without upfront payment at a network garage. Here's a guide to the cashless car insurance claim process:

  • Notify your insurer about the incident via phone, website, or app.
  •  Provide relevant details to authorities and capture photos of damages.
  •  Take your car to a network garage for assessment by a surveyor.
  • The surveyor evaluates damages and submits a report to the insurer.
  • Upon approval, the garage conducts repairs, and the insurer settles bills directly.

Reimbursement claim process:

  • · Inform your insurer and register your claim.
  • Choose a garage for repairs and have a surveyor assess damages.
  • Pay for repairs and submit original bills and claim form to your insurer.
  • Your insurer reviews and reimburses your repair costs.

Documents required in the claims process

Here is the list of documents you may need while filing a claim for your car insurance policy:

  • Copy of the registration certificate (RC) of your vehicle
  • Copy of your driving licence
  • Policy document
  • Description of the incident and photographs of the vehicle (if possible)
  • First Information Report (FIR) in case of theft, injuries to any third party or damage to their property
  • The original keys to the vehicle
  • RTO transfer papers duly signed with Form 28, Form 29 and Form 30
  • No Trace Report from the police in cases of theft of the vehicle
  • The original bills for the repairs of the car to claim the four-wheeler insurance policy

Note: Check with your insurer in case you require more documents depending on the nature of the claim.

Frequently asked questions

What factors affect the Mahindra XUV300 car insurance premium amount?

The insurance premium for your Mahindra XUV300 car is influenced by various factors, including age of the car, cubic capacity, fuel type, IDV, RTO location, claim history, and more

How can I reduce my Mahindra XUV300 insurance premium?

To reduce your Mahindra XUV300 insurance premium, you can take the following steps:

  • Choose higher deductibles
  • Equip your car with safety features
  • Maintain a clean driving record
  • Take advantage of the no claim bonus offered by insurers and compare quotes from different providers.
Will the insurer inspect my Mahindra XUV300 car before renewal?

Whether your insurer conducts an inspection before renewal depends on their policies, your claim history, and the age of your car. While some may require an inspection, others offer hassle-free renewals.

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Disclaimer

Insurance is the subject matter of solicitation. *T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third-party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, ICICI Lombard General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Tata AIG General Insurance Company Limited, Niva Bupa Health Insurance Company Limited, Aditya Birla Health Insurance Company Limited, Manipal Cigna Health Insurance Company Limited and Care Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also a distributor of other third-party products from Assistance Services providers such as CPP Assistance Services Pvt. Ltd., Bajaj Finserv Health Ltd. etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective Assistance service provider company.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.