Metromile

Metromile is a pay-per-mile auto insurance provider founded in 2011 in San Francisco. The company offers usage-based insurance policies that charge customers a low monthly base rate plus a per-mile rate for actual miles driven. Metromile utilizes a device called Pulse that plugs into a vehicle's diagnostic port to track mileage and driving data. The company targets low-mileage drivers who typically drive less than 10,000 miles per year, estimating they can save an average of USD 741 annually compared to traditional auto insurance. Metromile provides standard auto insurance coverages like liability, collision, comprehensive, uninsured/underinsured motorist, medical payments, and personal injury protection in eight states: Arizona, California, Illinois, New Jersey, Oregon, Pennsylvania, Virginia and Washington. In July 2022, Metromile was acquired by Lemonade Insurance.

Key customers and partnerships

Metromile primarily serves low-mileage drivers such as people who work from home, use public transit, or only drive occasionally. The company partners with Hippo to offer bundled home and auto insurance discounts of up to 15%. Metromile also has a partnership with Turo, offering fractional insurance coverage for car-sharing hosts in California and Illinois. In May 2021, Metromile announced it would begin allowing policyholders to pay premiums and receive claim payouts in bitcoin. The company provides street sweeping alerts through its mobile app for customers in select cities including Chicago, Los Angeles, San Diego, San Francisco, Santa Monica and West Hollywood.