Mile Auto risk score

Mile Auto, founded in 2016, is an innovative player in the InsurTech industry, specializing in pay-per-mile auto insurance. Based in the United States, Mile Auto utilizes advanced, patented computer vision technologies to cater to low-mileage drivers looking to reduce their insurance costs. Unlike traditional insurance models with estimated premiums, Mile Auto offers a cost-effective, mileage-based approach that emphasizes financial savings and billing transparency.

With Mile Auto’s user-friendly system, customers effortlessly report their vehicle's mileage using their smartphone's camera. This simple monthly procedure ensures that customers are charged for the exact miles they drive, thereby avoiding the common drawback of conventional insurance plans where drivers pay for mileage that does not reflect their actual usage. By focusing on actual usage rather than estimates, Mile Auto aligns the cost of insurance more closely with individual driving behaviors, making it especially appealing to occasional drivers, remote workers, and those who mainly use alternative methods of transportation.

Mile Auto operates with full compliance in the insurance sector, adhering to all regulatory requirements. The company’s commitment to employing state-of-the-art security measures guarantees the protection of customer data, a critical aspect given the sensitive nature of personal information and the need for privacy in financial transactions.

In essence, Mile Auto represents a significant shift towards more personalized and fair insurance pricing. By leveraging cutting-edge technology to accurately measure what drivers should pay, Mile Auto not only fosters greater trust and transparency but also supports the financial well-being of its customers. This approach not only positions Mile Auto as a forerunner in the evolving landscape of vehicle insurance but also highlights their commitment to innovation and customer satisfaction in the InsurTech sector.