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CEO Interview: Metromile Shaking Up the Auto Insurance Industry With a Lifestyle Product
Metromile is one of the early InsurTech companies. It is also one of only a few InsurTechs that is really transforming the insurance business. Most InsurTechs focus on operating efficiencies in policy management or speed in quoting and binding. In 2011, Metromile created a new pay-per-mile car insurance model that allowed California low-mileage drivers—those who drive fewer than 10,000 miles per year—to save more than $600 on auto insurance annually.