Autonomy, an electric vehicle subscription company, has launched a digital, month-to-month auto 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 leveraged their auto retail, auto finance, and auto insurance disruptors experience to build the company.
Liberty Mutual is a global property and casualty insurer. It recently acquired Malaysian insurer AmGeneral Insurance Berhad (AmGeneral), as part of a series of recent acquisitions.
Auto insurance coverage is now available as part of Autonomy’s car subscription bundle which already includes tax, 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 that are offered on a semiannual or annual basis, Autonomy said its integrated insurance product is offered to subscribers on a flexible month-to-month basis.
The launch of Autonomy’s insurance offering follows its partnership with DigiSure to deliver embedded insurance for car subscriptions. The platform partnership with DigiSure provided Autonomy with the ability to digitally onboard, evaluate, and qualify a subscriber for month-to-month auto coverage.
Scott Painter, founder and CEO of Autonomy, said, “For the first time, consumers can pay for car insurance on a month-to-month 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 a great partner in helping us bring to market our new insurance product. Integrating auto insurance into our month-to-month subscription bundle solves yet another consumer pain point in the mobility experience and reinforces our core consumer value propositions.”
Gita Gupta, Liberty Mutual senior director, Strategic Partnerships, added, “Liberty Mutual is at the forefront of the evolution of subscription-based auto insurance, offering innovative programs to meet the needs of our partners’ business models. We are excited to partner with Autonomy to create easy, seamless access to electric vehicles.”
Copyright © 2022 FinTech Global
