Metromile Customers Save With Low Mileage
According to a recent report by Clearsurance.com, individuals who drive fewer than 10,000 miles a year could save money with Metromile insurance.
Usage-based insurance providers have been growing in popularity. Drivers like the idea of an insurance policy that reflects their driving habits, especially if they’re good drivers. Metromile takes the usage-based idea to the next level.
They charge drivers a base rate, starting at $30, and then a per-mile fee starting at six cents. So, drivers who put 10 miles on their car monthly will pay $30.60 for coverage.
Customer Reviews
Metromile has left some room for improvement in customer reviews, but it’s important to remember that most people will write a review when they’re unhappy, but few will write when they’re satisfied.
According to Clearsurance.com, a common complaint that customers have is that while claims are easy to file, they have a hard time contacting adjusters with questions or updates.
How Metromile Tracks Policyholders
Part of the agreement when signing up for a policy is that the driver must install a telematic device into their car so that Metromile can track how many miles are driven.
Clearsurance.com points out that some would-be customers are leery about having an insurance company track them all the time, but it also points out that there are perks to this monitoring. For example, Metromile can help diagnose engine codes and locate the vehicle with GPS.
Metromile Versus Traditional Insurance
Traditional insurance policies are usually six months or one year long. The premium is usually split into equal monthly installments. If a policyholder drives 5,000 or zero miles in a month, their premium will be the same.
When a policyholder opts into a usage-based plan through a traditional insurance company, they agree to provide the insurer with data from their driving. If they practice good driving habits, they’ll earn a discount.
While Metromile could be considered usage-based, it operates on a different system. It does not monitor policyholder driving habits. Instead, it tracks the number of miles driven each month and bases rates directly on that number.
Metromile’s base rate and per-mile rate are based on a driver’s driving and claim history. Those with a higher risk of being in an accident pay higher premiums.
Metromile and Lemonade Insurance
Metromile is a Lemonade Insurance company. While Metromile offers only car insurance, Lemonade, its parent company, provides a wide range of insurance products, including the following:
- Car
- Home
- Life
- Pet
- Renter
Lemonade Insurance advertises on their homepage that they are a top-rated company with Clearsurance.com.
Drivers with a Metromile policy can earn a bundling discount when they purchase one of Lemonade’s other insurance products, such as home or pet insurance.
Car Insurance Options With Metromile
Metromile offers all the expected car insurance options, including the following:
- Liability
- Collision
- Comprehensive
- Personal Injury Protection
- Uninsured and Underinsured Motorist Coverage
Drivers who are interested in Metromile should get a quote to compare with other options.
Melanie Musson, a nationally recognized car insurance expert with Clearsurance.com, explains, “A quote comparison can help you determine how much you could save. Metromile may be a good option, especially if you drive fewer than one thousand miles a month, but you’ll only know how much you can save by getting a quote.”
Metromile Availability
Metromile is not available in every state. Currently, Metromile only writes policies in eight states: Arizona, California, Illinois, New Jersey, Oregon, Pennsylvania, Virginia, and Washington.
Individuals interested in Metromile but living in a state outside of their network should consider comparing other mileage-based insurers to see if they could find similar savings.
Read Clearsurance.com’s entire review here: Metromile Customer Review.