How does RideSafely’s process work for Copart, IAA, and other auctions?

RideSafely provides free access to insurance auto auctions, which are usually only open to licensed dealers, dismantlers, and exporters. Here’s how the process works:

1. Placing a Bid

• Submit your bid before the auction deadline.
• Your bid will initially be marked as PENDING.
• To activate your bid, you must place a deposit of $600 or 10% of the bid amount (whichever is greater).

2. Winning the Bid

• The highest ACTIVE bidder will receive a notification shortly after the deadline.
• RideSafely will then submit the bid to the insurance auction, as these auctions are not open to the public.
• If the dealer wins the auction, they will purchase the vehicle on your behalf.

3. Completing the Purchase

• If your bid wins, you will have 2 business days to pay the remaining balance.
• For full payment details, visit: How Do I Pay for the Car?.

4. What If the Vehicle Isn’t Won?

• If our dealer does not secure the vehicle, your deposit can be refunded upon request or applied toward a bid on another vehicle available on RideSafely. Learn more about Credit Card Holds in our FAQ.
• Explore more vehicles by visiting our Auto Auction Listings.

For further assistance, feel free to contact RideSafely support.

If you have any further questions, feel free to reach out to us at (215) 289-0300. Our team is always ready to help.

Thank you,
The RideSafely Team
feedback[at]ridesafely.com