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.
At a Glance
- Founded
- 2011
- Headquarters
- San Francisco, California, USA
Category & Focus
- Category
- Usage-Based Auto Insurance
Links
Last updated: 2026-05-17