What is the Metromile NAIC number? This question is about Metromile

What is the Metromile NAIC number?

Answer Question Report Abuse

This question is about Metromile

WalletHub, Financial Company

@WalletHub • 09/14/21 This answer was first published on 09/14/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

Permalink Report Abuse

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.

Answer Question

Who owns Metromile insurance?

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.

For more information, check out WalletHub’s full Metromile review.

Does Metromile have accident forgiveness?

No, Metromile does not have accident forgiveness. As a result, Metromile car insurance customers should expect their rates to go up by around 61% after an at-fault accident, even if it’s their first one. If you are looking for a policy with accident forgiveness, it can be purchased from most major car insurance companies.... read full answer

Best Car Insurance Companies for Accident Forgiveness

Allstate

Geico

Farmers

Liberty Mutual

Progressive

If you wish to keep your policy with Metromile, there are other ways to lower your rate after an accident. For example, you can look for any additional discounts that you may qualify for. You might also consider temporarily reducing your coverage.

To learn more, check out reviews and key information about Metromile, as well as our guide to accident forgiveness.

show less

Is Metromile really cheaper?

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

Average Metromile Premium vs. Popular Competitors

Company	Average Premium
Metromile	$585
State Farm	$587
Geico	$445
Progressive	$706

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.

show less

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.

Ask a Question

140

Ask Question

Ask Your Question

WalletHub Transparency

We are committed to being fully transparent with our readers. Opinions expressed here are the author’s and/or WalletHub editors'. WalletHub editorial content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by any company. In addition, it is not any company’s responsibility to ensure all questions are answered.