Metromile, Inc. Stock: price and insider trades · United States

Metromile, Inc. was a U.S.-based technology-enabled auto insurance company that was listed on the Nasdaq market in the United States under the ticker MILE. Founded in 2011, the company was built around a clear niche: usage-based auto insurance, designed primarily for drivers who drive fewer miles than average. Its headquarters were in San Francisco, California, and its operating model emphasized digital distribution, data-driven underwriting, claims automation, and a highly app- and web-centric customer experience. The company positioned itself as a tech-first insurer rather than a traditional broad-line carrier. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1819035/000162828022004241/mile-20211231.htm?utm_source=openai))

Metromile’s core business was personal auto insurance, with a particular focus on low-mileage motorists. Its signature offering combined a base premium with a per-mile charge, making pricing more closely tied to actual vehicle usage than conventional flat-rate policies. That model was intended to improve risk selection and create a differentiated value proposition for urban drivers, remote workers, occasional drivers, and other customers for whom miles driven are a meaningful determinant of insurance cost. The company also invested in digital tools for quoting, policy management, claims handling, and data analytics, which supported both customer convenience and underwriting precision. In competitive terms, Metromile tried to occupy a specialist position rather than compete head-on with every large national auto insurer. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1819035/000121390021057382/ea150143ex99-1_metromile.htm?utm_source=openai))