Metromile now offers independent agents access to its customizable pay-per-mile auto insurance with easy bundling of home and auto insurance.
Last week, Metromile, a leading digital insurance platform and pay-per-mile auto insurer, announced a significant expansion of its independent agents program.
Through an integration with the EZLynx Rating Engine, Metromile can now offer independent agents access to Metromile's customizable pay-per-mile auto insurance, along with the ability to offer their customers significant savings and easy bundling of home and auto insurance.
More than half of the country's drivers were already low-mileage drivers pre-pandemic, driving 10,000 miles or less per year, according to Metromile. This population is now growing as more of the country's workforce forgoes the commute and settles into work-from-home routines. As many as 36.2 million Americans are predicted to work remotely by 2025, an increase of 16.8 million people, according to Upwork.
Metromile is tapping into the expertise and community connections that independent agents have with their customers to educate drivers who are a strong fit for pay-per-mile auto insurance as opposed to traditional auto insurance models.
“Independent agents account for more than 30% of all auto insurance sales, and we believe there is significant opportunity to work with them to reach more low-mileage drivers now and in years to come as we expand nationwide," said Troy Dye, senior vice president of growth, Metromile. “These agents want what's best for their clients, and they can appreciate our value proposition that combines high-quality insurance with lower rates. Gone are the days when paying less meant getting less."
Scot Rankin, a 30-year insurance veteran, will head up the expansion as Metromile's independent agency relationship manager. Rankin, who joins Metromile from Travelers, will build additional integrations and infrastructure to support independent agents and significantly scale the channel.
“I've specialized in working with independent agents for more than 30 years, so I can attest to their position as a trusted resource for many consumers shopping for insurance," Rankin said. “Independent agents will play a valuable role in educating drivers on the benefits of data-driven insurance, the value of pay-per-mile, and the savings and experience unique to Metromile."
Currently, the program offers agents a quote in under two minutes, a dedicated in-house support team, an easy-to-use agent portal and fast, stress-free claims filing for agents' clients. Metromile already hosts more than 880 independent agents on the platform, with more expected to be added in the coming weeks. Independent agents and agencies interested in learning more can visit metromile.com.
Metromile became a public company in February 2021 after merging with INSU Acquisition Corp. II, a publicly traded special purpose acquisition company (SPAC).
Will Jones is IA editor in chief.