# MetroMile

## At a glance

| Field | Value |
| --- | --- |
| Category | Usage-Based Auto Insurance |
| Type | Carrier |
| Region | NA |
| Headquarters | San Francisco, California, USA |
| Founded | 2011 |
| Stage | Acquired (by Lemonade, 2022) |

## Overview

Metromile was a pioneering pay-per-mile auto insurance company founded in 2011 in San Francisco by David Friedberg and Steve Pretre. The company was one of the first insurers to commercialise usage-based auto insurance based on actual miles driven rather than fixed premiums. Metromile built its data platform using precision telematics from 500 million+ car trips, creating a highly predictive loss model. After going public, Metromile was acquired by Lemonade in July 2022 in an all-stock transaction. At acquisition, Metromile brought USD 155 million in cash, USD 110 million in car premiums, 49 state insurance licences, and its precision telematics dataset to Lemonade.

## Links

- Website: <https://www.metromile.com>
- Directory profile: <https://insurtechlist.com/companies/metromile/>
- Website:: <https://www.metromile.com>

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*Last updated: 2026\-05\-17*