At KOBA, our pay-as-you-drive model means your bill will change each month depending on how much you travel.
Every KOBA customer has two calculations:
1. A simple fixed cost - this covers your car for loss or damage while it's parked from incidents like fire, theft, and hail for example. You can pay this annually, or monthly.
2. A per-km-rate - the cost per kilometre you drive. This cost is calculated at the end of each month and is your per-km-rate x the number of km you've driven (as measured through your KOBA Rider).
An example could be per below:
For example: Last month you drove 335 km. Based on a Fixed Cost ($24) and a Driving Premium per-km rate (4¢), this could look like:
Total Cost = $24 + ($0.04 x 335) = $37.40
