Yes, Metromile really is cheaper than most car insurance companies, as the company ranked in the second quartile of WalletHub’s cheap car insurance comparison. Metromile exclusively offers pay-per-mile insurance, which is a type of policy that charges customers a monthly base rate plus a small per-mile fee. Customers save an average of $741 per year by switching to Metromile, according to the company’s website.
Average Metromile Premium vs. Popular Competitors
Note: Annual premiums, assuming 15,000 miles driven per year.
If you’re wondering whether Metromile is cheaper for your specific circumstances, you should start by estimating your average monthly mileage, bearing in mind that mileage charges are capped at 250 miles per day (150 in New Jersey). Then, you can get a quote from Metromile, calculate how much you’d pay, and compare this rate with your standard car insurance premium. Metromile also offers a ride-along option, which allows drivers to download the Metromile app, drive for 17 days, and receive an estimate of their premium with the company.
For more information about Metromile pricing, check out WalletHub’s complete Metromile car insurance review.
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