CHICAGO, March 11, 2014 /PRNewswire/ — MetroMile right now announced that it is expanding its linked driving platform to drivers in Illinois. Clients who sign up for MetroMile will get access to the total set of companies designed to conserve drivers time and income, which includes MetroMile’;s free Metronome gadget and mobile app, and the world’;s most democratic insurance coverage option – the nation’;s only pay-per-mile auto insurance policy. Illinois joins California, Washington, and Oregon as states at present supplying MetroMile’;s companies.
MetroMile developed its spend-per-mile car insurance merchandise in response to the trend that although U.S. drivers are driving much less – travel on all roads and streets dropped approximately 3.one billion miles in February 2013 compared to February 2012 (U.S. DoT) – classic insurance businesses have not adjusted the way they charge their clients.
A new survey from MetroMile found that this trend is steady with Chicago-location drivers – more than half (51 %) of adult drivers in the metro Chicago area drive much less than 10,000 miles a yr. For adults 18-29, this was real for 60 % of respondents. Designed for people who drive significantly less than 10,000 miles a yr, MetroMile saves the typical customer a lot more than $ 400 annually.
“We are enthusiastic to deliver the first large shift in car insurance coverage in years to drivers in Chicago,” said MetroMile CEO Dan Preston. “MetroMile’;s pay out-per-mile car insurance is the initial stage in empowering urban drivers to very own a vehicle below their very own terms. Our cost-free Metronome device and iOS app also provide drivers with prescriptive advice to conserve them time and cash. Our purpose is to serve as an advocate for drivers, unlocking the information in their vehicles to assist them to consider handle of the charges and time linked with owning a car. In excess of time, we will be launching further providers that provide on this mission, and give practical solutions to some of the biggest challenges of urban vehicle ownership. We are fundamentally rethinking the relationship among automobile and driver to make it simpler, simpler, and much less expensive.”
In addition to its flagship car insurance item, MetroMile gives a totally free iOS app that provides drivers with predictive insights to help them save time and gas on their every day drives, effortlessly diagnose examine engine lights, and discover their vehicle wherever it is parked. MetroMile consumers simply plug MetroMile’;s free of charge connected auto gadget, the Metronome, into the OBD II port of their car. The Metronome captures data from the auto, and transmits it wirelessly to the MetroMile platform.
The predictive companies MetroMile delivers were created in response to the exact same varieties of driver pain points that had been raised in the final results of MetroMile’;s buyer survey. For instance:
- Half (50%) of respondents make much more of a conscious attempt to drive significantly less than they did 5 many years in the past
- Far more than half (57%) of respondents cited high gas rates/need to save income as the principal motivator for reducing their driving
- Almost 30% (29%) of respondents have used public transportation at least after a month inside of the past yr
- Sixty-6 % of respondents would contemplate utilizing a shell out-per-mile car insurance model versus the standard flat-rate model
- Sixty-2 % of respondents cited visitors as their most significant aggravation when it comes to driving in Chicago
“We know that individuals residing in cities usually drive significantly less than half the national common. The survey benefits demonstrate Chicago-location residents are also making a concerted effort to decrease their driving even even more, due to the cost of fuel,” Preston said. “We created MetroMile to handle these precise problems, from lowering the cost of motor vehicle ownership by means of our spend-per-mile car insurance merchandise to lowering the time spend in visitors via the predictive recommendations delivered through our cost-free mobile app. We think that driver data is 1 of their most worthwhile assets – it is MetroMile’;s mission to place that information back into drivers’; hands to aid them save time and cash.”
This survey was conducted on-line on behalf of MetroMile in February 2014 between one,333 automobile owners and lessees above 18 many years outdated in the Chicago/Naperville/Joliet metro region.
MetroMile is developing a revolutionary platform for companies built close to the wants of drivers – from valuable driving data and insights to an fully new pay out-per-mile car insurance model. MetroMile technologies combines hardware, software program, and cloud-primarily based infrastructure to access, analyze and handle driving information at a substantial scale. More than time, the firm ideas to harness the power of its predictive modeling expertise to make all aspects of driving and owning a automobile easier, much less high-priced, and far more hassle-free. MetroMile is located in San Francisco, California. For more information, visit www.metromile.com.