Just Insure offers usage-based auto insurance policies priced on a pay-per-mile model, allowing low-mileage drivers to significantly reduce their premiums. Customers select coverage levels ranging from minimum liability to full coverage, with flexible payment schedules available for unlimited miles policies. The platform provides digital access to policy management and customer service through a dedicated mobile application.
Funding
$8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CVWTFounders
Product
Problem
Traditional auto insurance models often penalize low-mileage drivers by charging rates based on average driving habits, regardless of individual usage. This results in overpayment for those who drive infrequently, as they are subsidizing the risk pool of higher-mileage drivers. Furthermore, many drivers are locked into long-term contracts, limiting their flexibility to adjust coverage as their driving needs change.
Solution
Just Insure offers a per-mile auto insurance solution that leverages a mobile app to track mileage and driving behavior, providing a more equitable and flexible insurance option. The platform uses regular odometer snapshots and proprietary Scoresafe technology to assess driving habits and calculate personalized per-mile rates. This approach allows low-mileage drivers to significantly reduce their insurance costs by only paying for the miles they actually drive. Policies are customizable and offered on a short-term basis, providing drivers with the freedom to adjust their coverage as needed without being bound by long-term contracts.
Target Audience
The primary target audience is low-mileage drivers who drive less than 1,500 miles per month and seek affordable, flexible auto insurance options tailored to their actual driving habits.
Features
- Mobile app for easy policy management, mileage tracking, and claims processing
- Odometer snapshot feature for accurate mileage reporting
- Scoresafe technology that analyzes driving behavior to dynamically adjust per-mile rates based on safety
- Customizable coverage options, including minimum liability, full coverage, and uninsured/underinsured motorist protection
- Flexible, short-term policies without long-term contracts
- Digital quote process providing custom per-mile pricing in seconds
- Integration with Apple App Store and Google Play Store for easy app download and signup