Auto-tech startup Autochek Kenya and insurtech venture Turaco have partnered to offer Autochek’s clients comprehensive motor insurance with flexible monthly payments, making the insurance cost for car owners in Kenya significantly more attainable.
Founded in Nigeria but now active in nine African countries, Autochek is building the infrastructure to make car ownership more accessible and affordable in Africa, while Turaco is a full-stack, embedded insurance company transforming insurance financing in emerging markets with simple and affordable health and life insurance for low-income earners.
The two startups have partnered to provide an unparalleled insurance solution tailored to the diverse needs of vehicle owners in Kenya, offering a bundled service that integrates vehicle financing, insurance, tracking, and maintenance.
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.
“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,” said Autochek’s Kenya country manager Henry Mbugua.
Turaco CEO Ted Pantone said his company was 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,” he said.
