SOURCE: CoverHound

CoverHound

November 14, 2016 08:00 ET

CoverHound and Metromile join forces for easier auto and property insurance options

Partnership a natural fit for two innovative insuretech companies

SAN FRANCISCO, CA--(Marketwired - November 14, 2016) - Online insurance comparison shopping platform CoverHound today announced a new partnership with pay-per-mile insurance company Metromile intended to provide more coverage options for customers of both companies.

CoverHound and Metromile will begin working closely together to make it easier for consumers to purchase the right auto, homeowners, renters, motorcycle and other property and casualty insurance. The strategic partnership between these two innovative insuretech companies leverages each other's unique offerings, efficient call center operations, experienced licensed advisors and shared focus on delivering the best customer experience in the industry.

CoverHound.com is an online insurance platform where customers can quickly and easily find, compare and purchase all property and casualty insurance according to their personal and business needs. Its unique, robust model provides end-to-end fulfillment, with accurate real-time rates and a team of advisors compensated by service levels, not commissions. Metromile's pay-per-mile model is designed for drivers who drive less than 10,000 miles a year and saves low-mileage drivers $500 on average each year. Additionally, Metromile's smart driving app and in-car telematics device feature trip optimization, car health and street sweeping alerts (in select cities). Metromile's pay-per-mile insurance is available in seven states including California, Illinois, New Jersey, Oregon, Pennsylvania, Virginia and Washington.

"CoverHound and Metromile's business strategies and service-oriented cultures complement each other well," says Keith Moore, CEO of CoverHound. "Both CoverHound and Metromile are working to make insurance a more innovative industry, and each company has unique product offerings that it brings to the table. Working together we hope to make finding the right insurance much easier than it has often been in the past."

"We recognize that our pay-per-mile car insurance customers have insurance needs beyond car insurance, such as homeowner's or renter's insurance, so we're pleased to partner with CoverHound to give our customers access to a broad selection of insurance options," says Katy Allen, Director of Business Development at Metromile. "As two San Francisco-based insuretech companies, Metromile and CoverHound share a lot in common, and we believe that combining our strengths will help us better fulfill consumers' needs."

About CoverHound

CoverHound is an insuretech company for consumers and businesses to easily compare and purchase insurance, built to deliver fast, accurate and actionable rates from leading US carriers based on their specific needs. Some of the top carriers include Chubb, Liberty Mutual, Hiscox, Progressive, Berkshire Hathaway Direct, Safeco, The General, Mercury, Hartford Steam Boiler, MetLife and others to offer the most competitive rates in 50 states. Developed by a team with deep insurance and online financial services experience, CoverHound is dedicated to providing the best in class customer experience.

About Metromile

Metromile is revolutionizing car insurance through technology with its pay-per-mile insurance model. By offering affordable car insurance, transparent pricing based on the miles you actually drive, data to optimize how you use your car, and instant access to detailed vehicle diagnostics via the driving app, Metromile is transforming car insurance -- and car ownership -- to be more intelligent, seamless, and accessible than ever before. Metromile is expanding across the US, and currently empowering drivers in California, Illinois, New Jersey, Oregon, Pennsylvania, Virginia and Washington.

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