Mile Auto
Information by Research Trustfinance
Mile Auto was founded with the mission to provide a fairer and more affordable car insurance option for people who do not drive frequently. The company's model is based on a "pay-per-mile" system, where customers pay a low monthly base rate plus a few cents for each mile they drive. Unlike other usage-based insurance that requires tracking devices or apps, Mile Auto utilizes a patented computer vision technology that allows customers to simply submit a photo of their odometer once a month to verify mileage. This approach aims to deliver significant savings while protecting customer privacy.
United States
Industry
- InsurancePRIMARY
Financial
HQ Location