Autonomy, an electric vehicle subscription company, has launched a monthly digital car insurance product in partnership with Liberty Mutual Insurance.
Autonomy aims to provide easy and affordable ways to access mobility, with a focus on electric vehicles.
The company was founded by Scott Painter and Georg Bauer, who used their experience in retail, auto finance and auto insurance disruptors to build the business.
Liberty Mutual is a global property and casualty insurer. It recently acquired Malaysian insurer AmGeneral Insurance Berhad (AmGeneral), in a series of recent acquisitions.
Auto insurance coverage is now available as part of Autonomy’s auto subscription package, which already includes taxes, title, registration, routine maintenance and roadside assistance. Qualified subscribers will now receive Autonomy’s subscription with its fully integrated insurance offering.
Unlike most insurance policies which are offered on a semi-annual or annual basis, Autonomy said its integrated insurance product is offered to subscribers on a flexible monthly basis.
The launch of Autonomy’s insurance offering follows its partnership with DigiSure to provide integrated insurance for automotive subscriptions. The platform’s partnership with DigiSure provided Autonomy with the ability to digitally onboard, assess and qualify a subscriber for automatic monthly coverage.
Scott Painter, Founder and CEO of Autonomy, said, “For the first time, consumers can pay for car insurance on a monthly basis through an Autonomy subscription, all on their smartphone.
“Car subscriptions represent ease and flexibility, and insurance was the missing piece of our all-in-one offering. Liberty Mutual has been an excellent partner in helping us market our new insurance product. Integrating car insurance into our monthly subscription package solves another consumer problem in the mobility experience and reinforces our core consumer value propositions. »
Gita Gupta, Liberty Mutual’s Senior Director, Strategic Partnerships, added, “Liberty Mutual is at the forefront of the evolution of subscription auto insurance, offering innovative programs to meet the needs of our partners’ business models. We are excited to partner with Autonomy to create easy and seamless access to electric vehicles.
Copyright © 2022 FinTech Global
The following investors have been tagged in this article.