Just Insure Announces M Funding Round to Grow its Pay-Per-Mile Telematics Auto Insurance Platform
The average cost of auto insurance in the
"We are the only auto insurer that's using telematics to rewrite the rules of what's possible in auto insurance," said
This funding comes as Just enters a phase of rapid growth, issuing more than 1,000 new policies in the second quarter of 2021, up ten-fold from the same period in 2020. The company has also reported a 1,400% increase in revenue in this same period.
Similar to a prepaid phone card, Just customers load up their account for as little as
"We were initially attracted to Just Insure as the team is taking an approach to auto insurance that we've never seen before," said
Just is currently available in
About Just Insure
Just Insure is a pay-per-mile insurance technology company that uses telematics to reward safe drivers and reduce insurer bias. The company dramatically improves road safety by rewarding safe drivers with lower rates, making car insurance more fair and affordable. Just customers save an average of 40% on car insurance. Founded in 2019, Just Insure is a subsidiary of
Contact:
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SOURCE Just Insure
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