About Metromile:
Metromile is a San Francisco-based startup company that deals with insurance through its pay-per-mile insurance service and provides a digital platform for insurance to many firms through the information of vehicles, and driving techniques that are smart, technical, and reliable. It is a private company, being a startup, and its first office was founded in Redwood City, California in the year 2011 but was shifted to San Francisco later on. It lies in industrial sector firms. The founders of Metromile are David Friedberg and Steve Pretre. David Friedberg currently serves as chairman of the board, and Dan Preston is currently serving as chief executive officer and CEO of Metromile. This company is providing income and employment opportunities to low-income drivers through its diverse offers and products. Almost 230 employees are currently working for this startup firm. Metromile gradually took steps toward success and started opening other branches in different cities and states.
What does Metromile offer?
Metromile offers a few services through its platform. A few of them are given below:
- Pay-per-mile car insurance
- Application for Intelligent Driving
Pay-per-mile car insurance:
Pay-per-mile is a type of car insurance that provides an opportunity for drivers to be paid with rates as per the miles they drive. If a driver spends less time driving or covers fewer miles, then he will get the cheaper rates because he is less exposed to the road, so the safety chances are higher. The rates are based on the miles covered because the name of the insurance itself shows this. This type of insurance has been implemented to benefit low-mileage drivers. The driving styles are not considered for offers and discounts by the company in this type of insurance. To count the miles, a device is installed in the car which is known as the Metromile pulse device, and is plugged into the onboard diagnostic port of the car. Pay-per-mile is the most used and admired offer of Metromile.
Smart driving application:
The Smart Driving application of Metromile is used to collect data about a car’s maintenance and details about trips. The application is available for both iOS and Android mobile phones. The smart driving app tracks all the trips and alerts the driver about the roads, traffic-related problems, and car status, whether it is properly working or requires some maintenance. The car’s safety is also monitored by this application. Many stolen cars are returned to their owners due to the data collected by smart driving applications.
Metromile coverage:
Metromile covers the following things to facilitate its remarkable customers:
- Liability coverage
- Car coverage
- Health coverage
Liability coverage:
Metromile’s liability coverage covers the following two sectors:
- Bodily injury (BI) coverage
- Property damage (PD) coverage
Bodily injury coverage pays for the people who are injured or killed by a customer’s accidents. BI coverage covers the medical costs of injured people, whereas funeral costs are for those people who are subjected to death. Due to accidents, if any court issues occur, the payment of the lawyer will be paid by Metrometre. A fixed amount is set for liability coverage according to the rules and regulations set by the customer’s resident state.
Property damage (PD) coverage pays for the materialistic things that are damaged by a customer’s accidents. The PD coverage includes payment of cars that are destroyed by accident, buildings, or areas that are affected by the accident. Every state has its predefined property damage coverage amount.
Car coverage:
Car coverage of Metromile covers the following sectors:
- Roadside assistance
- Waiver of collision deductible
- Collision coverage
- Comprehensive coverage
- Underinsured motorist property damage (UMPD)
Roadside assistance involves the availability of tire change options everywhere, battery backups and locksmith services, etc.
The collision deductible waiver will be waived in case you are in an accident with an at-fault uninsured driver. You’ll need the license plate number or name of the person that caused the damage.
Collision coverage provides the amount to a driver whose car has collided with another car or object. Metromile is only responsible for your car’s defective payments, not for those with which you have collided.
Comprehensive coverage is applicable only if your car is damaged in a collision or is stolen.
Underinsured motorist property damage (UMPD) is provided when your car is hit by an underinsured driver. Metromile will pay for your car’s damage.
Medical coverage:
Medical coverage of Metromile covers the following sectors:
- Uninsured Motorist Bodily Injury (MBI)
- Personal injury protection (PIP)
- Medical payments
Uninsured motorist bodily injury (MBI) pays for accidents in which the fault is the other driver. Metromile will pay for all the health issues that occurred to the driver and passengers in the accident, but up to the limits set.
Personal injury protection (PIP) will cover not only medical bills but other losses too, such as income loss, funeral costs, and other important services for the driver and passenger.
Medical payments only include health-related bills.
Conclusion :Metromile
While looking for an insurance an individual sees is payment of maximum coverage of their loss. That is what Metromile totally understands and offers its customers. Metromile demonstrates that it is the best insurance company in every way.
