How do I place bids online in an auction?
Placing a bid on RideSafely is simple and secure. Just follow these steps:
Step-by-Step Bidding Process
- Initiate Your Bid
Select the vehicle you’re interested in and place your bid before the listing deadline. Your bid will initially show as Pending. - Activate Your Bid
To activate your bid and make it eligible for auction, you must submit a deposit (either $600 or 10% of your bid amount, whichever is greater). - Notification of Highest Bid
If your bid is the highest active bid, RideSafely will notify you shortly after the bidding deadline. - Bid Presentation
RideSafely will represent you as your licensed dealer and submit your bid at the insurance auction, which is not open to the general public. - Winning the Auction
If your bid wins, RideSafely will acquire the vehicle on your behalf. You will then have two business days to pay the remaining balance. - Refund or Reuse of Deposit
If RideSafely does not win the vehicle, you may: - Request a refund of your deposit
- Or apply the deposit toward bidding on another vehicle listed on RideSafely
Related FAQ
Need help placing a bid? Feel free to contact RideSafely Support or call us at (215) 289-0300 for immediate assistance.
Thank you,
The RideSafely Team
feedback[at]ridesafely.com
Updated: May 12, 2025, 5:00 PM
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