#InsurTech / Ford Teams Up With Pay-Per-Mile Insurer Metromile

Ford Motor Co. has teamed up with Metromile, an insurer that offers pay-by-the-mile insurance plans geared toward drivers who spend relatively little time behind the wheel…

The arrangement will capitalize on technology developed by Ford and other major automakers that in sends real-time data to the companies about cars’ whereabouts and other information.

Metromile says on average, a customer saves $741 per year compared to paying for a traditional insurance plan.