KOBA Launches Australia's First Dedicated EV Insurance Policy

KOBA Insurance, a leading insurtech company, has taken a pioneering step by launching Australia's first dedicated electric vehicle (EV) insurance policy.

Their innovative approach utilises telematics to personalise insurance based on driving behaviour and distance travelled. This translates to a pay-per-kilometre model with upfront fixed costs, offering a unique and cost-effective solution for drivers.

Designed for the Future of Driving

This innovative insurance solution caters specifically to Tesla owners, with plans to expand to other EV brands in the near future.

It will be interesting to see how KOBA manages to provide their service to other EV brands because Tesla cars have a public API, zecar is unware of any other EV brand sold in Australia which allows access to car data officially via an API.

KOBA developed the policy in collaboration with the electric car community to better meet EV driver needs. These features include:

• EV-certified repair network: Guaranteeing repairs by specialists familiar with electric vehicles.
• Charging equipment cover: Protecting your charging stations in case of unforeseen damage.
• Lifetime repair guarantee: Providing peace of mind with long-lasting coverage for authorized repairs.
• EV hire car options: Keeping you mobile when your car is unavailable.

Rewarding Safe and Sustainable Driving

KOBA goes beyond standard insurance by offering incentives for responsible driving. Customers can benefit from:

• Lower kilometre discounts: Save money by driving less, promoting a sustainable lifestyle.
• Safe driving score rewards: Get rewarded for maintaining a safe driving record.

Enhanced Technology and Convenience

KOBA seamlessly integrates with your Tesla, providing valuable insights through their user-friendly app. Features include:

• Real-time EV data: Monitor estimated battery range, track trips, and keep an eye on tire pressure.
• Detailed usage reports (coming soon): Gain valuable insights into energy consumption, charging costs, and battery health, all in one place.

Leading the Way in EV Insurance

"An EV-specific insurance product has been a long-time coming and we’re pleasantly surprised by how quickly, even with one brand, it’s taking off".

"The momentum shows that an EV insurance specialist is something that customers see real value in and we’re excited to roll-out other EV brands soon to support more Australian EV drivers" said Andrew Wong, Founder of KOBA".

"In particular, our EV-certified repair network seems to hit home...we understand the EV claims process is unique and treat it as such. We’re also rolling out usage reports, which will include things like energy consumption, charging costs, battery health, etc.

Many EV owners use multiple apps to access this, as well as their insurance, so we’re excited to bring it all in one place to provide ongoing value to our customers" continued Wong.

Visit KOBA's website to learn more about their comprehensive EV insurance and explore their other insurance products.