Sorry Tom, I really dislike this, sponsor or not "nformation obtained through monitoring your car via the KOBA Rider or other telematics devices (collectively known as Telematics Device) or Application Programming Interface (API) if you have a compatible connected car, including; the location of your car and roads you’ve driven on; the date and time of day driven; the distance driven, and the time used to drive that distance; the speed and acceleration of the car; the smoothness of braking, accelerating and cornering; other vehicle information such as the Vehicle Identification Number (VIN) and engine fault codes."
We understand the concern. For clarity - like any other insurance policy, whether you’re covered or not for a claim with KOBA is outlined within your insurance documents. The fact that we have access to your vehicle data doesn’t suddenly change the rules of coverage for a claim or not. KOBA will not use your previous driving history or driving behaviour data collected in the lead- up to an incident when considering the acceptability of a claim. We look at the incident itself and this is no different to any other insurance product. As a friendly reminder, regardless of the insurer, if you ever feel you don't agree with a ruling, remember that you're able to contact a free and independent body called the Australian Financial Complaints Authority (AFCA), who acts as a mediator between an insurer and the insured in a dispute.
I just read the PDS ,it is specifically mentioned under "Excess-free Glass Cover : We do not cover damage to a fixed allglass roof under this cover." I believe they are saying if you take Extra (Optional Cover) : Excess-free Glass Cover " then they won't cover all glass roof. In general, they'll cover in case of an accident and you need to pay the excess.
Thanks @NoProblemo for clarifying! You're correct. Whether your Tesla has the all-glass roof or panoramic sunroof, it's all covered for damage under our policy. Our optional Excess-free glass cover which you can select for an extra premium is designed to cover typical stone chip damage to windscreens and window glass (but not an all-glass roof) without having to pay an excess.
Just did a quote for my 2 year old Model3 in Sydney - on all the same parameters/criteria, Koba came out to $1962, versus NRMA $1531. Koba fair bit more expensive. I am not sure if its because I have been a NRMA member for 20 years that they might give discounts, but I cant imagine that would explain $400 difference. Seems like Koba its not cheaper in all cases. When it comes to renewal time next year, I will compare again and see if Koba are more competitive. But nonetheless great to see a EV specific insurer and competition in insurance market.
I really wanted to like this group, but it does raise concerns on what they do with my data, it feels a bit stalker ish to me. Wo can access it on their end. What are the clad iron promise that they won't sell it for marketing or something. If they just need the km's for a year, I can send them a photo without having them in my backseat for every drive....
All you did was read their website. No relevant info in this. You totally missed whether they classify the M3 as having a full glass roof or sun roof, because they cover 1 but not the other. I tried to get a quote but apparently MY19 M3Ps are too powerful to cover but not the other M3Ps.
Will be good when they provide quotes for BYD and others. I ended up with Everyday Insurance, despite having more then 25 years with NRMA they just didn't compete...
Our RACV for our BYD Atto 3 went from $980 last year to $1800 this year.... looking at other options. So far Youi is the cheapest at $1100. Though everyone's situation is different and depending on heaps of factors (excess, location, age/gender, claims history etc)
I just read the PDS ,it is specifically mentioned under "Excess-free Glass Cover : We do not cover damage to a fixed all glass roof under this cover." I believe they are saying if you take Extra (Optional Cover) : Excess-free Glass Cover " then they won't cover all glass roofs. In general, they'll cover in case of an accident and you need to pay the excess.
Thanks, just jumping in to clarify here. Whether your Tesla has the all-glass roof or panoramic sunroof, it's all covered for damage under our policy. You may have been looking at our optional Excess-free glass cover which you can select for an extra premium, and which is designed to cover typical stone chip damage to windscreens and window glass (but not an all-glass roof) without having to pay an excess.
Under their Privacy Policy section: We may also collect information about you including, but not limited to: information about your vehicle and the location of your vehicle; technical information including IP address, operating system, location, browser type and related information regarding the device you use to visit our websites, or on which you install our app; information obtained through monitoring your car via the KOBA Rider or other telematics devices (collectively known as Telematics Device) or Application Programming Interface (API) if you have a compatible connected car, including; the location of your car and roads you’ve driven on; the date and time of day driven; the distance driven, and the time used to drive that distance; the speed and acceleration of the car; the smoothness of braking, accelerating and cornering; other vehicle information such as the Vehicle Identification Number (VIN) and engine fault codes
My quote for a SR MY in Melbourne came in at over $200 more than AAMI, my current insurer. But agree it's good to have another place for comparison, I will check them again when my policy is up for renewal. And I can't wait for Tesla Insurance to start up in Australia and hopefully do better. Drive safe everyone!
I considered Koba recently and it kicked it back saying they can't unsure Tesla's because of the lack of OBD port. Ended up going with Allianz as they offered by far the most competitive insurance, and in my experience are very easy to handle claims through.
Thanks for the feedback. KOBA’s Tesla product only launched recently so I’d encourage anyone who is looking to renew their comprehensive policies to obtain a quote from their website 👍
@@LudicrousFeed thanks Tom, that makes more sense. I'll give it a shot and see what it comes back like. I'm a bit reluctant to use a telemetrics integrated insurance though - hearing a lot of bad stories about Tesla Insurance and people's rates being affected by phantom braking and AEB being too sensitive. I suppose the point is though if it gets too expensive to just switch.
I just did a quote for my MY (9 months old) travelling 21,000km per year and it came out to be pretty much the same amount as yours Tom. My current insurer is Allianz and last year they were just over $1200 per year, BUT I can guarantee they will be almost double that upon renewal. I'll definitely be looking at Koba once my renewal is due for sure! Thanks for creating this short but very detailed video showing how Koba insurance can work for us Tesla owners. 🙂
@@LudicrousFeed Actually I persevered and found the Tesla specific page which did give me a quote. They should fix their website to redirect you to the Tesla page instead of giving that OBD port message. I'm currently with Allianz, and with a $2000 excess it costs me about $139 per month ($1668 per annum). The quote from Koba was about the same, depending on which options you chose. I found, with Allianz, that choosing a bigger excess reduced the monthly charge considerably, bringing it in line with what we are paying for our BMW X3. Prior to purchasing the Tesla, I had been warned by a friend that insurance was a killer for Teslas. Some insurance companies won't even insure them. Apparently it's because it's easy to write the car off if the battery is damaged.
@@LudicrousFeed I persevered and eventually found the Tesla specific page - they should redirect to that page for Teslas. The quoted price was about the same as what I'm currently getting from Allianz, albeit with a slightly lower excess. I had been warned by a friend about the high insurance rates, and sure enough, some companies wouldn't even offer a quote. I heard that the reason is that EVs are more likely to be written off in the event of an accident due to the high cost of a damaged battery needing replacement.
Koba was the cheapest on my Model 3 Performance. The next cheapest was $500 more but insured for market value only. As we don't do lots of kms in the Performance, the cumulative per km rate means it is still the cheapest. If you do high kms, it would be a little closer.
KOBA doesn't seem to insure 2019 Model 3 Performance?? came back with this: "Your car's got the power! Unfortunately, its high performance means it's too powerful for us to insure."
KOBA quote is roughly the same as my recent renewal with GIO Platinum which includes some good benefits that cost extra with Koba. Hire Car, Glass etc. Like for Like Koba is about $500 more. Not seeing the value of Koba here.
can they use "the speed and acceleration of the car; the smoothness of braking, accelerating and cornering;" to charge you more, or increase your premium.
@@LudicrousFeed I actually got a quote and found it to be hideously expensive: nudging $2,600 or a Y LR, in regional NSW. That price includes rental car, windscreen, and my wife as an extra driver, for 20,000km annually. The same insurance with NRMA earlier this year was less than $1,800. I haven't got a Tesla - yet - and am hoping the Juniper arrives soon as I won't be buying the current model. (The smart money is on it arriving next year. Grrr.) I do enjoy your channel, and appreciate your efforts in delivering quite useful information professionally, but still with enthusiasm.
I just did a quote with Koba, I have a M3P on order, they don’t have the Performance listed as yet (other insurers are the same) The best quote so far for the M3P has been Shannons, around $1500. Another thing I found strange which you may like to tell them is that they ask if the car has any engine or exhaust modifications😂 If they’re serious about their product offering, they need be on the ball with their documentation. This doesn’t fill me with confidence.
@@LudicrousFeedSorry but they want way too much personal info for an online quote. I‘ll stick with rollin. FYI I pay $248 per month total for both cars (15000km per year)
