EV subscription company Autonomy enters insurance
EV subscription company Autonomy has teamed with Digisure , a provider of software for screening, claims administration, and insurance. Autonomy will launch month-to-month car insurance coverage in the middle of August, and the relationship with DigiSure gives Autonomy the capacity to digitally onboard, review, and qualify a subscriber for that coverage.
“Being able to provide Autonomy subscribers with fully digital auto coverage that’s month to month, without them having to buy annual insurance, and is tailored to their needs is core to delivering on our promise of providing easy and affordable access to electric vehicles. We need proven partners, like DigiSure, with tested capabilities that allow us to provide a simple, intuitive, and frictionless customer experience.” – Scott Painter, founder and CEO of Autonomy.
Autonomy’s subscription model offers a way to get a Tesla Model 3 and Model Y, and soon other models and brands – which doesn’t require the long-term debt or commitment that comes with buying or leasing. Autonomy drivers have the flexibility to subscribe month to month after a three-month minimum hold period.
“Autonomy is inventing a completely new way for people to enjoy EV ownership, and we believe that requires a new kind of insurance experience as well. We are excited to collaborate with Autonomy to embed auto insurance and protection products seamlessly into their offering for subscribers.” -Mike Shim, CEO and co-founder of DigiSure, which operates in the space of Inshare, Lula and Tint.
In addition, Autonomy recently made headlines for planning to order 23,000 EVs from 17 international automakers, expanding and diversifying its fleet beyond Tesla.
Bottom Line: If there was any bad blood between Scott Painter and Assurant following October 1, 2020 and involving its now defunct startup Fair.com , this is how he solved for it (note Digisure’s go-to capacity providers). However, there may be a simpler explanation to all of this and that is that history doesn’t repeat itself but people do.
