KOBA Insurance customers pay for their insurance differently vs. traditional car insurance brands.
To make sure you only pay for what you use, every KOBA customer has two calculations:
1. A Fixed cost - this covers your car while it's parked from incidents like fire, theft, and hail for example. The fixed cost also includes the KOBA admin fee which helps to cover our costs of collecting, transmitting and storing your vehicle data.
2. A per-km-rate - the cost per kilometre you drive which is the basis of your Driving premium. This cost is calculated at the end of each month and is your per-km-rate x the number of km you've driven in that month (as measured through your KOBA Rider).
