Australian Insurtech KOBA Insurance has introduced its comprehensive electric vehicle (EV) insurance policy.
Initially focused on Tesla vehicles, KOBA’s policy was developed in consultation with the electric car community and includes key features such as access to EV and Tesla-certified repair networks, coverage for charging equipment, a lifetime repair guarantee, and EV rental car options.
The offering reflects the evolving nature of the automotive industry, with smart vehicles on the rise.
KOBA’s customers can also benefit from discounts based on their driving habits, including lower kilometres driven and a safe driving score at renewal.
The insurance policy – which was announced early this year – comes with a smart app that provides specific insights for EVs, including estimated battery range, trip tracking, and tire pressure monitoring. Upcoming updates will add monthly EV usage reports and enhanced battery monitoring.
KOBA’s policy integrates directly with the vehicle’s onboard computer, facilitating onboarding for various EV brands over time.
“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.
Wong also emphasised the importance of KOBA’s EV-certified repair network and forthcoming usage reports, which will cover energy consumption, charging costs, and battery health, consolidating key information for EV owners.
