BUDGET PRICE BEAT TERMS & CONDITIONS
We beat your premium or pay you the difference up to a maximum of R2 000.
The promoter of the campaign is Budget Insurance Company Limited (hereinafter referred to as “Budget”), a licensed non-life Insurer and financial services provider (FSP:18178).
PROMOTIONAL PERIOD
1. The promotion runs from 16 February 2026 to 31 March 2026. Budget may extend or shorten this period at its discretion.
HOW DOES IT WORK
2.1 The client must obtain an obligation-free quote for comprehensive car insurance for one comprehensively insured vehicle from Budget.
2.2 Should Budget not be cheaper the client must share their current comprehensive car insurance policy schedule with Budget through the means communicated in order for Budget to validate the quote and ensure accuracy.
2.3 Budget will compare the existing comprehensive car insurance premium to the Budget quotation on a like-for-like basis.
2.4 Policies with a zero excess basis are expressly excluded from participation in this campaign.
2.5 The comparison may consider the following factors:
· cover type,
· excess structure,
· car value and vehicle profile,
· rating factors,
· risk profile,
· regular drivers,
· additional benefits or add-ons.
3. If Budget cannot offer a lower premium than the current comprehensive vehicle cover on a like-for-like basis, you will receive the cash amount equal to the premium difference for one month, up to R2 000.
4. Where elements are not comparable (e.g. a difference in included benefits), Budget reserves the right to make reasonable adjustments to equalise the cover for comparison purposes.
5. The payout in the form of cash will only be made after quotation validation, and only once all required documents have been received and verified.
ENTRY REQUIREMENTS
6. To qualify, you must:
6.1 Be the regular driver of the insured vehicle, and this reward applies to single vehicles.
6.2 Request and receive an obligation-free Budget comprehensive car insurance quotation during the campaign period.
6.3 Be 18 years or older and a permanent resident and citizen of South Africa.
6.4 Hold an active personal lines comprehensive car insurance policy (business vehicles, commercial, taxi, multi-vehicle, or fleet policies will not qualify to receive benefits from this campaign).
6.5 Have held the existing policy for at least 30 consecutive days immediately before the Budget quotation.
7 Provide a valid policy schedule reflecting:
7.1 current monthly premium
7.2 cover type
7.3 excess structure
7.4 insured vehicle details
7.5 insurer name
8 Submit all required documents within 30 days of receiving your obligation free Budget quotation.
WHO MAY NOT BE ELIGIBLE
9. Existing Budget policyholders with an active car insurance policy.
10. Any person who requests a building, household content, multi-vehicle and commercial car insurance quote or had a lead created prior to the campaign start date.
11. Any person whom Budget has cancelled their policy unilaterally or has voluntarily cancelled their policy with Budget within the last 6 months.
12. You are not deemed an unacceptable underwriting risk under Budget’s internal underwriting criteria
13. Any person who fails to provide the required documentation within the stated timelines or provides incorrect or falsified documents/information.
14. The campaign is not open to directors, members, agents, employees or consultants of Telesure Investment Holdings (Pty) Ltd and/ or any of their associated or affiliated companies and/ or agencies or any supplier of goods or services in connection with the campaign.
15. Only quotes completed directly through Budget Insurance will be accepted for participation in the Price Beat Campaign. Quotes obtained via any third-party quoting platform, price comparison website, or aggregator - including but not limited to HIPPO Comparative Services will not be accepted as part of this campaign.
16. Budget reserves the right to reject any submission where the quotation was sourced through an external channel rather than directly from Budget’s official quoting process.
17. Budget reserves the right to disqualify any participant from receiving a reward under the following circumstances:
17.1 If it is unlawful for Budget to supply such a reward to you under any applicable law, regulation, or directive.
17.2 If you are found to have engaged in any fraudulent, dishonest, or misleading conduct in relation to this campaign, including but not limited to:
· Submitting falsified or altered documentation.
· Providing inaccurate or deceptive information during the quotation or verification process.
· Misrepresenting your eligibility or insurance details.
17.3 If Budget reasonably suspects any attempt to manipulate or abuse the campaign, including multiple entries under different identities or accounts.
17.4 If you fail to comply with these Terms and Conditions or any instructions issued by Budget in connection with the campaign.
17.5 If participation or payout would contravene any applicable law, regulation, or internal compliance requirement.
17.6 If Budget determines, in its sole discretion, that awarding the reward would pose reputational, legal, or financial risk.
DOCUMENTATION REQUIRED
18. You must submit the following documents within 30 days of receiving the Budget quote:
18.1 Failure to provide required documents within 30 days results in automatic forfeiture of the reward.
REWARD DETAILS
19. The payout will be made in the form of cash.
19.1. 19.1.1 The Cash value will be the difference between your existing premium and the Budget premium where Budget is not able to beat your existing premium only. This amount can vary up to R2 000 (Two Thousand Rand)
19.2 Only one reward per client will be made, regardless of the number of vehicles insured.
PAYMENT PROCESS
20. Once your documents are verified, Budget will issue a cash payment within 30 business days.
21. Budget is not responsible for delays caused by incomplete submissions or documentation submission delays.
22. Incorrect information provided may delay or disqualify the payout.
GENERAL
23. This campaign is only applicable to clients actively contacted to participate by Budget Insurance and excludes quotes done through a broker or intermediary.
24. Any costs or expenses which you may incur other than in respect of those items specifically included in the reward are for your own account. Budget will not be responsible for any costs or expenses which you, or your partner (if applicable), incur during and for purposes of your entry into the campaign and your acceptance and/or use of a reward.
25. If you fail to comply with any of the terms and conditions, then without prejudice to any other remedy which Budget may have, you will be automatically disqualified, and you will forfeit the reward.
26. You must possess whatever documents and permissions that may be required in order to accept and use a reward, which documents and permissions are your responsibility to obtain at your own cost, and which documents and permissions must remain valid in such minimum form and for such minimum period after the reward date as may be required by the relevant authorities.
27. Budget may require you to provide us with such additional information and documentation as we may reasonably require in order to process, confirm and facilitate your acceptance and/or use of the reward. If you refuse to provide us with the requested information or documentation, you will forfeit the reward.
28. Your entry into the campaign and/or your acceptance of the reward is your binding acceptance of the terms and conditions.
29. A person can only qualify once for any quote promotion held by Budget in the promotion period.
30. We will not make more than one payment to a person who completes multiple individual quotes on the same or on separate cars for which we are more expensive than the current insurance premium.
31. You must possess whatever documents and permissions that may be required in order to accept and use the reward, which documents and permissions are your responsibility to obtain at your own cost, and which documents and permissions must remain valid in such minimum form and for such minimum period after the reward date as may be required by the relevant authorities.
32. Budget may require you to provide us with such additional information and documentation as we may reasonably require to process, confirm and facilitate your acceptance and/or use of a reward. If you refuse to provide us with the requested information or documentation within 30 days of being requested, you will forfeit the reward.
33. You may be disqualified if it is unlawful for Budget to supply such a reward to you.
34. If you fail or, if your partner (if applicable) fails, to comply with any of the terms and conditions, then without prejudice to any other remedy which Budget may have, you will be automatically disqualified, and you will forfeit the reward.
35. Budget is not responsible for any injury or damage to your or any other person’s computer, mobile telephone or other device used by you to enter into, or obtain any materials related to, the campaign.
36. It is your responsibility to ensure that any information which you provide to Budget is accurate, complete and up to date. Should any of the data provided by you in connection with this campaign prove to be invalid, inaccurate, false or misleading, your participation shall be disregarded, and you shall be prohibited from entering any further Budget campaigns for a set period to be determined by Budget.
37. Budget does not make any representations or give any warranties, whether expressly or implicitly, as to a reward, and in particular, but without limitation, make no representations and give no warranty that –
37.1 your participation in the campaign will necessarily result in you receiving a reward;
37.2 a reward, or any aspect thereof, will meet your, or, if applicable, your partner’s, requirements, preferences, standards or expectations; or
37.3 a reward, or any aspect thereof, will be satisfactory, punctual, free from defects, safe or reliable.
38. Budget and our affiliates will not be responsible for any harm, damage, loss or claim relating to the provision of any element of a reward or any changes to a reward that may be made at any time.
39. Budget reserves the right to vary, postpone, suspend, or cancel the campaign and any rewards, or any aspect thereof, without notice at any time, for any reason which we deem necessary. In the event of such variation, postponement, suspension or cancellation, you agree to waive any rights, interests and expectations that you may have in terms of this campaign and acknowledge that you will have no recourse against us, our affiliates and third-party suppliers.
40. You agree that your participation in the campaign, and your acceptance and/or use of a reward, or any aspect thereof, is at your own risk.
41. Budget will not be responsible, and disclaim all liability, for any loss, liability, injury, expense or damage (whether direct, indirect, incidental, punitive or consequential) of any nature, whether arising from negligence or any other cause, which is suffered by your participation in the campaign or the acceptance and/or use by you, or your partner (if applicable), of any reward, or by any action taken by us or any of our affiliates in accordance with the terms and conditions.
42. You, and in the event of your death, your family, dependants, heirs, assignees or any other beneficiaries of your estate, indemnify and hold us and our affiliates harmless against any claim by you, or your partner (if applicable), (whether direct, indirect, incidental, punitive or consequential) of any nature, whether arising from negligence or any other cause, relating to any injury, loss, liability, expense and/or damage which you may suffer, howsoever arising, in relation to your entry into this campaign and/or acceptance and/or use by you of a reward.
43. You acknowledge that the acceptance and use of a reward is subject to the proviso that –
i. all of the terms and conditions will apply to both you and your partner (if applicable), and you will ensure that your partner agrees to be bound and complies, and will continue to comply, therewith;
ii. you will take full responsibility for your partner (if applicable);
iii. you indemnify and hold us and our affiliates harmless against any claim by your partner or any third party in the event that your partner suffers any loss or damage pursuant to your partner’s acceptance and/or use of a reward.
44. These terms and conditions will be construed, interpreted and enforced in accordance with the laws of contract and dispute resolution in the Republic of South Africa
45. Budget’s decision on any matter concerning the campaign and/or arising out of these terms and conditions is final and binding on you, and no correspondence will be entered into.
46. By participating in this campaign, entrants consent to -
i. receive marketing and/or promotional material from Budget and/or any of their associated or affiliated companies. No entrants of this campaign are in any way obliged to enter into a contract of insurance with Budget and/or a contract with any of their associated or affiliated companies.
ii. to the processing of your personal information by Budget and/or any of their associated or affiliated companies, and/or the promoter and/or its service providers, insofar as it is necessary to give effect to the campaign.
47. For more details on how we may deal with your personal information, please see our Privacy Policy on our website. For any questions or clarifications regarding the processing of your personal information, you may contact us by emailing [email protected].