At last, auto insurance that rewards you for driving less
We're happy to report that pay-per-mile auto insurance is finally available in Portland, courtesy of MetroMile.
Good things come to those who wait!
I’m happy to report that pay-per-mile auto insurance is finally available in Portland, courtesy of MetroMile, nearly ten years after Oregon Environmental Council spearheaded legislation to pave the way for pay-as-you-drive insurance in Oregon. The California-based company is starting in Portland, with plans to expand in the future.
MetroMile converts a portion of your annual fixed premium into a per-mile fee. They install an in-car sensor that logs your miles and sends you a monthly bill, which will also incorporates data that can help you with your car’s performance, like diagnostics and emissions data. Users pay a base fee of $30 to $60 a month along with a mileage charge that typically ranges between three and six cents a mile. These rates depend on what type of vehicle you’re driving, your driving record and other important rating factors. MetroMile’s product is designed for people who drive less than 10,000 miles a year, and the company claims lower-mileage drivers can save as much as 20-30% percent compared to purchasing conventional auto insurance.
The beauty of pay-per-mile insurance is that it better reflects your risk of being in an accident, gives you more control over your driving expenses, and rewards you for driving less. This pocketbook-friendly auto insurance option encourages less driving, which, in turn, reduces our impact on the climate, makes our water and air cleaner, and reduces the need to build expensive new roads. It’s exactly the kind of help we need from the private sector to meet our environmental goals.
Please join me in welcoming MetroMile to Portland!