Mile Auto

Mile Auto is a pay-per-mile auto insurance company that aims to provide affordable insurance coverage to drivers who do not drive a lot. The company charges a base rate and then charges customers according to the number of miles they drive. It uses a telematics device to track the number of miles a customer drives and bills them accordingly. Mile Auto's goal is to eliminate the current system of calculating premiums based on factors beyond a driver's control, and instead, create a system that is fair and affordable for all drivers.

Mile Auto's Investors