Pay-As-You-Drive News

Online Seller CoverHound Adds Pay-per-Mile Insurer Metromile

Online insurance comparison shopping agency CoverHound has announced a partnership with pay-per-mile auto insurance company Metromile to provide more coverage options for customers of both companies. The partnership gives CoverHound, which now operates its personal lines platform in all 50 …

Metromile Auto Insurer Gets $192 Million, Mark Cuban and Mosaic’s 50 State Licenses

Fueled with $191.5 million from billionaire Mark Cuban and other investors, Metromile Inc. is now poised to complete its journey as a full-service car insurance company. The startup Wednesday said it had acquired Mosaic Insurance Inc. — a $22 million …

Progressive, Generali Pursue Joint Telematics Research

Europe’s The Generali Group and Progressive Group of Insurance Companies of the U.S., both among the leaders in car insurance telematics, said they have entered into an research and development collaboration to improve their individual data analytics capabilities and foster …

Esurance Launches Mileage-Based Insurance Policy in Oregon

Esurance, the direct-to-consumer insurance company, has launched a new mileage-based insurance offering called Esurance Pay Per Mile, available first to Oregon drivers. “Esurance is responding to consumer demand for alternative insurance options for those who drive less, opting to walk, …

Progressive Goes National with Usage-Based ‘Snapshot’ Car Insurance Program

Progressive has begun national advertising for its “Pay-As-You-Drive” program, Snapshot, which offers drivers discounts of as much as 30 percent based on real-time analysis of their driving habits. Over the past few years Progressive has been refining its “Pay-As-You-Drive” program, …