Mile Auto Inc., the Atlanta-based managing general agent (MGA) that provides pay-per-mile Porsche Auto Insurance, has acquired fellow Atlanta MGA The Insurance House Inc. in a transaction effective July 1 that combines the two firms into an operation with nearly $100 million in annual premium. The combined business serves more than 55,000 policyholders and works […]
Ford Partners with Mile Auto on Pay-Per-Mile Insurance Offering
Ford Motor Company is teaming up with Mile Auto, a next-gen insurtech company utilizing computer vision and decision analytics to offer an affordable car insurance option based on mileage to low-mileage drivers. Through Mile Auto’s technology-driven and privacy-centric pay-per-mile approach, Ford owners who drive under 10,000 miles per year could potentially save between 30% and […]
Porsche Introduces Auto Insurance Program in Illinois and Oregon
Porsche Financial Services, Inc. (PFS) and Mile Auto, Inc. announced the launch of Porsche Auto Insurance to deliver tailored insurance rates to Porsche drivers. Among the benefits pitched to prospective customers are the vehicle manufacturer’s collision repair certification program and the use of OEM parts. The insurance program limiting costs to actual miles driven, plus […]