Metromile

Metromile, Inc. – per-mile insurance for low-mileage drivers.

TypePrivate Company (2011-21); Public (since 2021)
Traded asNasdaq: MILE
IndustryTechnology
Founded2011 in Redwood City
FoundersDavid Friedberg, Steve Pretre
HeadquartersSan Francisco
Areas servedCalifornia, Illinois, New Jersey, Pennsylvania, Virginia, Washington, Arizona, Oregon
ProductsPay-per-mile insurance, driving app
Websitewww.metromile.com
  • Metromile, Inc. is a San Francisco-based technology startup that offers pay-per-mile car insurance.
  • Pay-per-mile insurance is a type of usage-based insurance where the user pays a base rate along with a fixed rate per mile.
  • The billing model is intended to benefit low-mileage drivers and does not take driving style or behavior into account (for determining rates or discounts).
  • To measure mileage, the Metromile Pulse device is plugged into the onboard diagnostic (OBD-II) port of the car.
  • The OBD-II port is the same port that mechanics use to diagnose issues that trigger a car’s “check engine” light.
  • The device then transmits mileage data to servers.

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