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Autochek Kenya, an auto marketplace, has partnered with Turaco, a tech-enabled insurance, solutions provider to offer Autocheck’s clients comprehensive motor insurance with flexible monthly payments.
This significant partnership will make the insurance cost for car owners in Kenya significantly more attainable.
The partnership comes at a time when the car financing market in Kenya is experiencing notable growth, with vehicle loans increasing by approximately 15% annually and vehicle loan imports rising by 10%. This makes the collaboration timely and valuable.
According to a press release from Autochek Kenya, the partnership aims to make vehicle insurance more affordable and manageable by providing monthly payment plans rather than traditional annual premiums.
Autochek’s Country Manager, Henry Mbugua, said: “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.”
Also Read: How to Secure an Autochek Car Loan in Kenya
This new approach is expected to better manage car owners’ expenses while maintaining the extensive coverage provided by comprehensive insurance.
The monthly payment option marks a significant milestone in 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.
Turaco’s CEO, Ted Pantone, in excitement, stated his opinion about the partnership.
He said, “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.”
He further added, “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.”
Also read – Kenya’s High Demand For Starlink Leads to Suspension of New Subscriptions
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.
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