Protect Your Deposit With Car Deposit Insurance.
There’s nothing worse than losing money, especially when it comes to the deposit for the car you saved tirelessly for. Should your car be stolen, hijacked, or written off, Car Deposit Insurance covers the deposit you paid towards buying your car.
Our Car Deposit Insurance policy highlights include:
- Deposit protection up to a maximum of R300,000.
- R10,000 loyalty bonus towards buying a replacement car.
- Up to R5,000 car instalment protection paid monthly.
Complete the form to get Car Deposit Insurance from Bidvest Insurance.
Complete the form to get a quote.
What does Car Deposit Insurance cover?
Car Deposit Insurance protects your deposit should your car be stolen, hijacked, or written off. With Car Deposit Insurance, you’re covered for:
Should your car be stolen, hijacked, or written off, we cover the deposit you paid towards buying your car. Deposit protection has a limit of R300,000.
We give you R10,000 towards the purchase of a new vehicle at a Bidvest Insurance Approved Dealer.
Should your claim with your underlying insurer take more than 60 days, we will pay your monthly car instalment up to R5,000 for up to 3 months.
Why do I need Car Deposit Insurance?
Car Deposit Insurance from Bidvest Insurance protects the deposit you paid when you purchased your car.
If your vehicle is stolen or written off tomorrow, how much of your deposit would you get back? The reality is that you won’t get back the full amount.
With Car Deposit Insurance you don’t have to worry about losing your hard-earned cash. If your car is stolen or written off, you will receive the full deposit amount, allowing you to buy another car without any financial pressure.
Frequently Asked Questions
Why do I need a Deposit Protector insurance policy?
If your vehicle is stolen or written off tomorrow, how much of your deposit would you get back? The reality is that you won’t get back the full amount. With Deposit Protector from Bidvest Insurance, you don’t have to worry about losing your hard-earned cash.
How much does Deposit Protector cost?
Your monthly premium is calculated on the deposit you paid when you bought the car.
What are the Deposit Protector benefits?
- Deposit Protection – If your vehicle is written off or stolen we will pay the deposit paid when you purchased the vehicle up to R300 000.
- Loyalty Bonus – R10 000 towards a replacement vehicle.
- Instalment Protection – Should your claim for a stolen or written off vehicle with your underlying insurer take more than 60 days, we will pay your monthly vehicle instalment up to R5 000 for up to 3 months.
“My Deposit Protector policy paid out my original deposit of R9,900 which was such a relief as I could use this to put towards my new replacement car, thank you Bidvest Insurance.”
Any endorsement provided on this page does not constitute financial advice.
Underwritten by Bidvest Insurance Limited, a licensed insurer and an authorised Financial Services Provider, FSP 46395. Please refer to the policy wording for full details of product cover.