MetroMile, a company out of California, recently debuted a pay per mile insurance program to Oregon drivers. The insurance is targeted to car owners who use transit, biking, walking, or carpooling as a primary commute mode and who drive less than 10,000 miles a year. In comparison, the average car owner drives 13-15,000 miles a year. The company bills users a monthly fee based on the number of miles driven. Estimates for insurance costs are between $30 and $40 a month, a 20-50% savings for most custumers, according to MetroMile.
MetroMile uses a device called the Metronome that plugs into a car’s diagnostic port to track the number of miles users drive. Customers can access their driving analytics on a personalized dashboard through the MetroMile website. For a free quote, visit MetroMile.com.