The Metromile NAIC number is 16187. Metromile’s NAIC number is the five-digit code given by the National Association of Insurance Commissioners (NAIC), which assigns numbers to authorized insurance providers in order to track customer complaints and ethics violations across state lines.
With Metromile’s NAIC number, anyone can learn more about the company’s financial data, the kinds of complaints that have been filed by customers, and any enforcement actions taken against the company. Customers will need Metromile’s NAIC number to report fraud or file an insurance claim, as well.
Metromile’s NAIC number is not the same thing as the three-digit code assigned by each state’s department of motor vehicles. These numbers, issued by state insurance commissioners, are given to the companies that have been authorized to sell insurance policies in a particular state. However, they are not standardized across state lines, like NAIC numbers are.
Metromile is owned by its shareholders, as it is a publicly traded company. Metromile was founded in 2011 and has its headquarters in San Francisco, and the company is managed by its Chief Executive Officer Dan Preston.
No, Metromile does not have accident forgiveness. As a result, Metromile car insurance customers should expect their rates to go up by an average of 59% after an at-fault accident, even if it’s their first one.
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.… read full answer
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.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.