The average annual auto insurance rate from Metromile is $662, making it the cheapest insurance provider in the U.S. Its insurance costs less than one-third of the industry’s average annual cost of auto insurance, which is $2,071.
Metromile rates begin at $29 with an average monthly rate of $55. Mileage is the main factor Metromile uses to calculate your rate. Metromile tracks your mileage using a telematics device called Metromile Pulse. This device plugs into your vehicle and transmits driving data through a cell modem, providing you and Metromile with information on your mileage and driving habits.
Vehicle make/model, driving history, age, claims history, coverage changes, and credit score all factor into your per-mile cost. State laws and regulations may also impact rates. In Arizona, Illinois, Oregon, and Virginia, Metromile uses average speed, time of day, and day of the week to determine the quality of your driving.
In Virginia, Metromile considers time spent per trip when calculating your savings. Metromile tracks habits over time and calculates rates based on trends and averages, not individual data points.