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Auto Insurance

Drive secured the affordable and convenient way.

Your car is your freedom, your ability to choose your destination at a moment’s notice. Protecting this asset with insurance means safeguarding yourself from loss of mobility and potentially from huge expenses due to the loss or damage of your vehicle, or that of another driver. It also means protecting yourself and others in the event of costly personal injury, even if you’ve permitted someone else to drive.

*These benefits are exclusive to CIBC FirstCaribbean clients.

The CIBC FirstCaribbean Insurance Program (“Program”) is distributed by the CIBC FirstCaribbean Insurance Agent. The Program is underwritten and administered by Massy United Insurance Ltd, the insurer.
Benefits
- Quick and easy insurance quotes
  - Get a quick quote on your new or existing car. We can also provide you with a competitive quote with your car loan application
- Easy payments
  - Pay via Online Banking or the Mobile App, or pay in-branch
  - Pay with cash, cheque or credit card
  - Pay in up to 11 monthly instalments with the EasyCover Revolving loan, now available interest free for three consecutive years to clients using the CIBC FirstCaribbean insurance program
- Easy claims process
  - Claims proceeds may be deposited directly to your CIBC FirstCaribbean bank account for prompt settlement
  - You also have access to a 24/7 emergency support line
- Earn Massy reward points (Available in Barbados only)
Your CIBC FirstCaribbean Auto Insurance Protection Plan provides reliable protection with three levels of coverage: Comprehensive, Third Party and Third Party Fire and Theft.
Comprehensive Cover

This type of cover protects not only your vehicle, but you and third parties. The term “Third Party” refers to your passengers and road users or property owners who suffer loss or damage while you are driving.

Your Comprehensive Cover against loss or damages also includes fire, theft, accidents, natural disasters and malicious acts, personal items, windscreen or window damage, towing charges and new car replacement to the value of the purchase price. (if a total loss occurs within two (2) years of purchase of a new vehicle)
Policies

Third Party Policy

This is the minimum coverage required by legislation. This coverage settles Third Party claims should you or the authorised driver of your vehicle be held responsible for an accident. It also covers your legal liability for the injury or death of passengers and other persons, as well as Third Party property damage. You are also covered against Third Party risks whilst driving someone else’s private car.

Third Party Fire & Theft Policy

This is the minimum coverage required by legislation. This coverage settles Third Party claims should you or the authorised driver of your vehicle be held responsible for an accident. It also covers your legal liability for the injury or death of passengers and other persons, as well as Third Party property damage. You are also covered against Third Party risks whilst driving someone else’s private car.

Policy Deductible/Excess

This is the first part of a claim, which the Policyholder must pay

Auto Insurance

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