By Miles is an insurtech startup that offers insurance to drivers by the mile. The customers are charged a fixed annual fee to cover their car while parked, and are also billed on a monthly basis for the number of miles driven. It focuses on drivers who drive less than 7,000 miles a year.
PRODUCTS & SERVICES:
By Miles offers a Pay-by-mile car insurance, that adjusts rates based on the number of miles a user drive. It provides a Miles Tracker, that can be plugged in the car and enable the user to measure the miles they drive. the drivers are not charged if they travel more than 150 miles in a single day.