Have you heard about MetroMile? It’s pretty awesome. It’s a new way of paying for your auto insurance based on how much you drive. The concept is pretty simple; the less you drive the less you pay. MetroMile claims that two thirds of Americans would benefit from using MetroMile. That’s a lot of drivers.
Here’s how it works. When you sign up, MetroMile sends you a MetroMile Pulse, a small free wireless device that plugs into your car. Installation is easy and the device securely counts your miles as you drive. The device doesn’t measure how fast you drive or how hard you brake, and they don’t share data with anyone else. They just measure how far you drive. And the less you drive each month, the less you pay.
Their program also has a cool bonus function where they stop counting at 250 miles per day. So if you go on a road trip or a vacation, they don’t penalize you for occasionally driving a lot of miles all at once. The only downside to MetroMile is that they are only operating in California, Illinois, New Jersey, Oregon, Pennsylvania, Virginia, and Washington right now, although they do promise to keep expanding.
What’s really cool about MetroMile is that you can easily get a quote from them based on your ZIP code without signing up. You can easily and quickly find out if your rate will be better before you cancel or change your current insurance. Why not give it a try if you have a car but don’t drive much? You can only save money. According to the company, if you drive fewer than 5,000 miles per year (and that’s a lot of people!) you can save an average of $500 per year.