KOBA Insurance is an Australian start-up aiming to ‘revolutionise’ car insurance. By using digital technology, KOBA is offering a unique car insurance policy powered by personalised data that responds to how much you use your car and gives you greater control over your car insurance policy.
Underwritten by Eric Insurance, KOBA Insurance is a member of Fintech Australia and InsureTech Australia.
KOBA’s car insurance policy is a data-driven, real-time comprehensive car insurance policy. It works by installing the KOBA app to your smartphone and plugging in the KOBA Rider device to your car’s OBDII port.
KOBA Insurance offers customers a comprehensive car insurance policy which covers you for the following:
Your car will be insured for an agreed value determined by you and KOBA insurance. Some of these benefits will have a specific excess payment if you make a claim.
There are also optional extras available that you can add to your policy for an additional premium, such as a Hire car or Alternative transport for any incident or excess-free windscreen cover.
The cost of your car insurance with KOBA is made up of:
The less you drive, the less you’re likely to pay.
KOBA’s upfront fixed cost also includes an administration fee.
If a monthly payment is overdue, you will have a certain time to pay before your policy is cancelled.
KOBA car insurance is tailored to the way you use your vehicle and can provide a range of comprehensive benefits for greater peace of mind while you’re on the road. By charging you based on how far you actually drive every day, you can potentially keep costs down if you drive less.
If you need to make a claim, you can use the KOBA car insurance app or call their dedicated claims line. You may need to provide details of the incident such as:
There is no physical limit to how far you can drive, but there is a price cap to prevent a long road trip or occasional busy day travelling from making your next bill very expensive. The capped price is based on a set daily kilometre and monthly limit. If you exceed these limits regularly, KOBA Insurance may decide not to renew your policy.
KOBA Insurance collects a range of information about your driving through their app or tracker device, including:
This information is used to help process claims and calculate your monthly car insurance premiums. KOBA Insurance will not share any of this information with a third party unless required to do so by law, as per their privacy policy.
If you make a claim on your KOBA car insurance policy, you will likely have to pay a basic excess payment in addition to any other excess payments that apply, based on the circumstances of the incident.
Other excess payments can include:
If you miss a monthly payment, KOBA Insurance will contact you and let you know when the payment must be made before the policy is cancelled.
You can cancel your policy at any time through the KOBA car insurance app or by calling them. Your policy will be cancelled on the day you make the call. You will have to pay for the final month of your cover for the portion of the month you were insured.
Ready for something new in the world of car insurance? You can compare KOBA car insurance alongside a host of other car insurance policies and brands in minutes – for free! Our comparison service helps you weigh up benefits and switch policies with ease.
Why not see if you can find a better deal with us?
N.B. Always carefully review each policy’s Product Disclosure Statement (PDS) for full details on benefits, features, services and terms and conditions before making a decision to purchase.
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