Autochek Kenya, an auto marketplace has partnered with Turaco, a tech-enabled insurance solutions provier to offer Autocheck’s clients comprehensive motor insurance with flexible monthly payments, making the insurance cost for car owners in Kenya significantly more attainable.
The car financing market in Kenya has seen substantial growth, with a 15% annual increase in vehicle loans and a 10% rise in vehicle imports. Autochek and Turaco will offer a bundled service that integrates vehicle financing, insurance, tracking, and maintenance, all under one digital platform.
According to Autochek’s Country Manager, Henry Mbugua: “We are thrilled to collaborate with Turaco to offer our clients an innovative insurance solution that aligns with their financial needs. This partnership underscores our commitment to enhancing the vehicle ownership experience by providing comprehensive and affordable services while ensuring we maintain competitive prices.”
The partnership aims to make vehicle insurance more affordable and manageable for Autochek’s customers by offering monthly payment plans instead of traditional annual premiums. This approach allows car owners to better manage their expenses without sacrificing the extensive coverage that comprehensive insurance provides. The monthly payment option is a significant advantage, ensuring affordability and continuous coverage for vehicle owners.
The insurance offering will be seamlessly integrated into Autochek’s digital platform, allowing clients to access and manage their insurance policies effortlessly alongside their vehicle transactions. Autochek and Turaco integrated their systems to ensure that customers have an end-to-end digital journey. This tech-driven approach simplifies the process of managing vehicle insurance and ensures that customers have instant access to all their vehicle-related needs in one place.
Ted Pantone, CEO of Turaco, added: “At Turaco, we’re transforming the insurance industry by making it accessible and attainable for everyone. Our vision is powered by partnerships with like-minded companies like Autochek, who are equally committed to using technology to create seamless customer experiences. By combining our tech-driven approach with flexible monthly installments, we empower Autochek to offer their customers top-tier insurance access and an exceptional experience.”
This partnership is a testament to Autochek’s commitment to delivering a holistic automotive experience, where customers can access financing, insurance, and maintenance services all under one roof.