Protect your deposit with Deposit Protector.

There’s nothing worse than losing money, especially when it comes to the deposit for the new car that you saved so tirelessly for.

Should your vehicle be stolen, hijacked, or written off, we will cover the deposit you have paid towards buying your vehicle, up to a maximum of R300 000.

Our Deposit Protector insurance policy highlights include:

 

  • R10 000 loyalty bonus towards buying a replacement car
  • Up to R5 000, car installment protection paid monthly
  • Your deposit is safe if your car is written off or stolen
  • Get a Quote

    Fill in your details below to receive a quote.
  • This field is for validation purposes and should be left unchanged.

What Am I Covered For?

Deposit Protection

If your vehicle is written off or stolen, we pay the deposit as paid when you originally purchased the vehicle: up to R300 000.

Loyalty Bonus

We reward you for being loyal, with up to 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.

Why Do I Need This Cover?

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.

In addition to getting your deposit back, a loyalty bonus of R10 000 will be paid in the event of a total loss, towards a replacement vehicle when purchased from a Bidvest Insurance approved dealership.

This policy will also pay towards your vehicle installment for up to 3 months to a maximum of R5 000 per month, should your comprehensive claim be delayed.

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.

Client Testimonials

“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.”

Mr M Madiga

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.