The invention discloses a vehicle drop protecting system and a vehicle drop protecting method. The vehicle drop protecting system is used for preventing a vehicle and passengers from being injured when the vehicle drops down; and the vehicle drop protecting system comprises a parachute, an airbag and an executing module, wherein the parachute is arranged on a vehicle roof; the airbag is arranged on the lower surface of a vehicle floor; and the executing module is used for opening the parachute and inflating the airbag when the vehicle drops down. The vehicle drop protecting system opens the parachute on the vehicle roof and the airbag below the floor when an automobile runs out of a road due to a too high speed and drops down, the airbag below the floor acts on the ground, the airbag is compressed, and at the moment, a one-way valve is opened, air in the airbag is released out gradually, so that the vehicle can land steadily, the impact of the ground on the vehicle is relieved, and the safety of the vehicle and the passengers is effectively protected.