Metromile is a US-based auto insurance technology company that focuses on usage-based insurance. The company utilizes a pay-per-mile (pay-as-you-go) system, tracking customer’s actual driven miles, via Onboard Diagnostic devices, and calculates premiums accordingly. In addition, Metromile developed an AI-driven claims system to improve the quality and efficiency of the claims experience for customers. At present, Metromile has acquired insurance licenses from all US states and is operating its auto insurance business in 8 of them. In February 2021, Metromile (NASDAQ:MILE) officially listed on the NASDAQ. In July 2022, Metromile and Lemonade (NYSE:LMND)officially closed its corporate merger.
