5 Things You Could Do With the Money You Save Using Metromile

How are your New Year’s resolutions coming along? *crickets* Yeah, same. But hey, we’re not judging – in fact, we’re here to help! Did you know that on average, Metromile customers save $611 per year? If one of your resolutions this year was to save money (and honestly, when has that not been a resolution), then settle in and get cozy. We put together this list to show you all the things you can do with the money you save by switching to Metromile!

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5 Things You Could Do With Your Metromile Savings

    1. Deposit more into your 401k. Getting into some seriously sexy money talk right out of the gate. I like it. If your 401k hasn’t been getting the love it deserves, take that extra dough and up your monthly contributions. You won’t be missing the money (because it’s what you were already paying with your previous insurance company) and it will help your future, retired self! By contributing to your retirement fund at a young age, you will turn yourself into a millionaire by the time you retire at age 65.

    2. Pay down debt. Sexy money talk, part II. Having debt is a totally normal thing, so there doesn’t need to be all this unnecessary shame surrounding it. Face your debt head-on and see which payments are the highest interest, and pay those off first. You’ll be amazed at how fast you can tackle your debt if you consistently, and even somewhat aggressively, put money towards it.

    3. Create an “Experience Fund.” Okay, now that sexy money business is out of the way, we’re into the fun stuff. Instead of creating a vacation fund, try out an “experience fund” instead. Life is about creating experiences, beyond those knock-down-drag-out, five-star vacations. This includes weekend excursions, social events, and pretty much anything that you can come away with an epic story. The best conversations and stories with friends revolve around experiences, not just a bunch of stuff that looks pretty. Use the extra money you save by switching to Metromile and get experiencing!

    4. Put a down payment on a new car. Or buy out your car lease (like I did!). Having an extra chunk of change means you can get ahead of certain things you’ve been putting off, like getting a new car. If it’s time for an upgrade, use that extra coin you’ve been saving from your Metromile switch and put it towards that car you’ve been dreaming of!

    5. Invest it. It’s a myth that you need a ton of money to invest in the stock market. You can still make financially sound investments, even if you only have a couple hundred dollars kicking around. With apps like Acorns, you can take a small amount and gradually invest it, without having to do any upfront legwork. This means that you can literally be making money in your sleep – all by investing the money you’ve saved by switching to Metromile! Go you!

Now that you have all of these great ideas, you have no reason not to make the switch to Metromile! Up those 401k contributions, pay down your debt, or set up an experience fund – the choice is yours (+ all that extra money!). What will you do with the money you save by switching to Metromile? We’d love to know!

Julianne Cronin is a Bay Area freelance writer, content creator, and founder/editor of the women’s lifestyle site, The Wink. You can find her working on her capsule wardrobe, collecting cacti, and trying out the latest beauty products on Instagram

10 Ways to Save Money in 2018

There’s no better time to initiate good habits than January. Everything feels fresh and new, and you’ve likely already resolved to be a new and improved version of your former self. Maybe you’ve vowed to be more responsible, more organized, or more independent. One route to achieving all those goals and more? Cha-ching.

That’s right: making smarter decisions when it comes to spending can completely transform your personal and professional life. Money definitely isn’t everything…but it sure does help. And feeling totally secure about your finances will help you feel in control in all areas of your life.

Ready to start feeling like a total boss? Here are 10 ways to grow your bank account in 2018:

    1. Set financial goals. Hoping to travel? Buy a new car? Maybe even purchase your first home? Think about what you really, truly want, get excited about it, and then strive for it. Commit to your goal by writing it down or even creating a vision board with pictures and phrases that motivate you — bonus points for displaying it somewhere you can see it every day.

    2. Take stock of what you pay for. Are you really watching anything on cable these days or are you exclusively getting your entertainment via Netflix? Have you actually attended a class at that expensive gym since….last January? If you’re not getting full use out of each of your expenses, consider downgrading or eliminating them completely.

    3. Pack your lunch. Maybe it doesn’t sound as fun as an impromptu afternoon at the Olive Garden (or wherever your coworkers wind up), but it’s unbelievable how much money you can save just by making your own meals at home. Think about it: if you spend $10-$15 (or, let’s be honest — more) five days a week, that’s anywhere from $2,600 – $3,900 a year. Brown bag it instead and save all that cash for something special.

    4. Look for deals. You don’t have to be a compulsive coupon clipper to reap the rewards of available bargains. Websites and apps like RetailMeNot and BradsDeals make it ridiculously easy to comparison shop and find deals on big-ticket items and smaller splurges.

    5. Brew your own coffee. Just like packing your lunch will help you save, skipping the super fancy and overpriced coffee shop latte will spare you tons of wasted dollars. You can even buy a personal french press that doubles as a travel mug to brew your own on-the-go java for pennies.

    6. Set up automatic transfers. Everyone’s eyes widen with possibility when they see their paycheck hit their bank account, but to avoid the temptation of burning through it, set up an automated transfer to your savings account on your pay days. It doesn’t have to be a big amount, but putting a chunk of change out of sight will keep you from spending it.

    7. Couple bad habits with good ones. Everyone deserves to indulge now and then, but if you’re trying to break a bad habit, kill two birds with one stone and pad your savings account while you’re at it. For every dollar you spend on something you consider a “bad habit” purchase (alcohol, junk food, cigarettes, etc.), deposit a dollar directly into your savings account.

    8. Walk whenever you can. In some cases, logging the steps necessary to get to the office takes just as much time as dealing with gridlock traffic or the hassle of public transportation — not to mention it’s great for your health and it’s totally, completely free.

    9. DIY more. Modern technology has made it absurdly easy to pay your way out of every inconvenient task, but taking the time to fix your old appliances, making your own homemade gifts, or putting together your Ikea furniture will save you lots of cash and help you realize how capable you totally are.

    10. Switch to Metromile. Not only will you save money on your car insurance, but you’ll avoid the exorbitant costs of street sweeping tickets, mechanic shop visits, and other money pits. Wanna know how? Check us out now.

Making sound money saving decisions now can set you up for big success in the long run. Try these ten tips and pat yourself on the back for showing 2018 who’s boss.


Michelle Konstantinovsky is a San Francisco-based journalist/writer/editor and UC Berkeley Graduate School of Journalism alumna. She’s written extensively on health, body image, entertainment, lifestyle, design, and tech for outlets like Cosmopolitan, Harper’s Bazaar, Marie Claire, Teen Vogue, O: The Oprah Magazine, Seventeen, and a whole lot more. She’s also a contributing editor at Fitbit and the social media director at California Home + Design Magazine. She is an avid admirer of shiny objects, manatees, and preteen entertainment.

How to Pay it Forward this Holiday Season with Your Metromile Savings

The gift-giving holiday season is right around the corner. This time of year is always so special because it is the perfect opportunity for loved ones to shower each other with tokens of affection. But, it is also a good time to give back to your community or someone in need. From big to small, acts of kindness can really make a huge difference in someone’s day and even have a big impact on the upcoming year ahead.

How to Pay it Forward this Holiday Season with Your Metromile Savings

Here’s a thought: why not use your Metromile savings to pay it forward this holiday season? Many of our customers are saving an average of $500 a year by switching to pay-per-mile insurance. Already using your Metromile savings for something else? No big deal, you don’t have to buy something to bring holiday cheer to someone’s life. Here are our top tips for paying it forward this holiday season.

    1. Donate old items that you don’t have use for anymore to those in need. This can includes clothes, shoes, furniture, books, kitchen supplies, electronics, blankets, school supplies, old movies, unused toiletries, or even loose change. There are many local donation centers that make it very easy to drop off items such as Goodwill, The Salvation Army, Dress for Success, or even local churches or shelters.

    2. Put pen to paper and send a warm fuzzy letter. Write a nice card or letter to someone who is down on their luck or had a rough year, uplifting them. You can even send military cards to recognize and thank those who serve our country. Or anonymously leave an encouraging note in a random place for someone to find. Every small bit of positivity you put into this world helps.

    3. Volunteer your time with the elderly. Many times elderly folks end up alone during the holiday season. Most assisted living homes have drop-in volunteer hours, so do some research in your area. You can always bring flowers to a retirement home, organize a group caroling session for those in the hospital or even just sit and spend time playing games or reading with them. Programs like Meals on Wheels or Create the Good are a great place to start.

    4. If you are shopping, shop for gifts that give back. There are many amazing companies out there that will donate a percentage of the total cost of items to charities. For every product purchased, The Giving Keys, supports job creation for people transitioning out of homelessness. Proceeds from every S’well water bottle purchased goes towards efforts to provide clean water and sanitation facilities around the world. If you buy a pair of glasses through Warby Parker, they will donate to nonprofits who help to train people in developing countries to sell glasses and perform basic eye exams. Even Amazon donates 0.5% of your purchases to charitable organizations of your choice through the AmazonSmile program.There are so many companies that give back, do some research before you buy all your gifts to see how your gifts can help someone in need.

    5. Keep it simple and do small acts of kindness. Buy the next person in line’s coffee or pay the toll for the driver behind you. Give a homeless person your doggie bag, so they can eat your leftovers. Leave extra coins at the laundromat, for someone who might be struggling. Bake cookies or bring doughnuts in for your co-workers, to bring a smile to their face. Pick up a piece of trash and throw it away to help clean up the environment. Give kudos or positive feedback to someone who provided you awesome service. Put your neighbor’s trash can back for them. Leave a generous tip to a waiter who gave you a great experience. All these acts can really go a long way to bring someone holiday cheer.

We hope this small list of holiday cheer can help you pay it forward this season and make someone’s day! Metromile wishes everyone a heartwarming holiday season.

How to Keep Resolutions All Year Long

With the first month of 2017 coming to a close, it’s time to take stock of how we’re doing with our resolutions. Maybe keeping your resolutions so far has been a breeze, or maybe you’ve stumbled already. Either way, if you’re trying to make lasting changes, this is only the beginning. Recent research suggests that willpower may be more like a muscle, which would not only mean that you can strengthen it over time, but could also mean that willpower could become fatigued if you’re overtaxing yourself in the self-control department. With that in mind, here’s some advice to help you use your willpower wisely and keep your resolutions all year long.

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  • Find what works for you. Make sure your strategy for keeping your resolution fits your personality. If you’re not a morning person, trying to go to the gym every day before work will not be an easy feat. Think about ways that you can work with your natural inclinations, instead of having to use more willpower to go against them. Remember, what works for someone else won’t necessarily work for you.
  • Get enough sleep. It’s probably not surprising, but research suggests that it’s tougher to make decisions, especially good ones, when you haven’t gotten enough sleep. Putting that in the context of resolutions, it’s easy to see how missing out on your zzz’s can make it tougher to stay on track with your new habits. If you’re trying to cook more at home to save money and get healthy, it’ll be more difficult to make all the necessary decisions (e.g. weekly menus, shopping lists, schedules) if you’re in sleep debt. If you’re sleep deprived it’s much more likely that you’ll give in to your impulses.
  • Start from outside in. Changes in environment can often lead to changes in behavior. If you’re tempted to grab a coffee on the way to work, but you are trying to cut back on your spending, it might be time to rethink your route to work. If improving your diet is on your list this year, try putting your healthy options in the most convenient place in the kitchen and tossing out the tempting junk food. We’ve even found that low-mileage drivers who switch to pay-per-mile insurance tend to drive less (and save even more!).
  • Have a backup plan. Inevitably, even the best plans and perfected routines won’t always work. With busy schedules, life gets in the way. One way to make sure you don’t lose momentum is to have an “if…then” backup plan already set. Think of examples like, “If I miss my yoga class on Tuesday, then I will go for a run after work on Wednesday.” Be sure to keep your “then” statements as actionable items, rather than things you won’t do.

If your goals include getting fit, saving money or helping the environment, then Metromile’s pay-per-mile car insurance could help you reach them if you are a low-mileage driver. To learn more and see if you could save, head over to www.metromile.com/insurance.

New Ways to Save Money in 2017

One of the top resolutions each year is saving money. Maybe you are saving for a big purchase like a new home or car, or just hoping to be more financially responsible this year. With a few small changes to daily habits, you can really make a difference in your bank account. Here are easy to do tips and tricks that you can do to save more in 2017.

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  • Start by brewing your own coffee at home instead of racking up the Starbucks points. There are lots of tricks to creating the perfect brew at home like grinding your own whole beans or using a french press for cold brews. If you’re still in a hurry and a coffee stop is a must, Instead of ordering your favorite go-to tall, nonfat latte with caramel drizzle, try switching to tea or black coffee. Without all those extra add-ons, the price will go way down and will also help you kickstart a healthier habit.
  • Pack that healthy lunch for work instead of dining out all the time will help to add a few extra dollars to your savings. Consider making a bigger dinner the night before so you can bring leftovers for lunch or make yourself a sandwich or a salad so you can just grab and go in the morning. A big trend right now is growing your own garden with fruit and vegetables. Even more reason to buy fewer groceries and also live a healthy lifestyle! If you dine out for lunch socially, set up designated days on your calendar for when you can go out for food or drinks so you can plan ahead for the expense.
  • Find a carpool buddy and rotate days you drive to and from work. There are lots of easy ways to find a work carpool including apps like Scoop and Hitch A Ride. Or be adventurous and try UberPool, where you share a ride with others on your way to your destination. You can always try taking the bus, walking, or biking instead, too. Put the money you would have spent on gas each week into savings and watch your bank account grow!

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Trimming the Fat in Your Budget & Actually Saving

The following guest post is written by Erin Lowry, a personal finance expert and founder of well-known blog Broke Millennial. Erin created her blog to increase financial literacy and is known for her smart yet attainable advice to thousands of broke millennials.

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You might be familiar with the common tips to automate your savings. It’s actionable advice that sounds great, in theory, but you probably feel like it’s just not possible. Looking at your bank account towards the end of each month makes you think there isn’t possibly a spare penny or two that can be stashed away into savings. Spoiler alert: you’re probably wrong.

You can’t trim the fat without understanding your cash flow

Oh, the joys of budgeting. It’s such a commonly reviled word and practice, and yet, it’s the surest way to reduce your financial stress and get on the right track to building wealth. After all, if you don’t understand the cash flow of how much you have coming in and going out – then how will you ever be able to trim the fat in your budget?

Take 15 minutes to sit down and write out all your fixed monthly bills like housing, cell phone, Netflix, and student loan payments. Add all these charges up and subtract that number from your monthly, post-tax, income. The remainder is the amount you have to work with in terms of both spending and saving. Ultimately, the money you’re saving should be routed directly into savings before it hits your checking account. Hence the delightful expression, “pay yourself first.” Plus, if you aren’t already contributing to an employer-matched retirement program before your money hits your checking account, then that’s a simple way you can start to save a little extra and take advantage of free money!

Do you really need those reoccurring charges?

After establishing the basics of your monthly cash flow, it’s time to comb over your credit card and bank statements to see if there are any reoccurring charges that you don’t use anymore or didn’t even realize were there. It’s so easy to hand over your credit card information in exchange for a free two-week trial of a product and then forget to unsubscribe.

Costs millennials can reconsider

Once cash flow is established and credit cards free of unnecessary reoccurring charges, then it’s time to take a look back at those fixed monthly expenses and decide where to slash in order to free up more room in your budget.

The go-to common offenders are often:

  • Cable: Just cut the cord already. You know you’re primarily using Netflix anyway. Price out how much it would cost just to have Internet because no one needs a landline + cable bundle anymore.
  • Cell phone plan: Shop around and compare costs for your cell phone plan. The biggest financial gains usually come when you’re willing to part ways with the fanciest of phones. Just something to keep in mind if you’re really dedicated to doubling down on saving.
  • Living alone: Surprisingly enough, there are millennials who no longer living with mom and dad. Some are even living alone! Getting a roommate is an easy way to cut bills in half and free up some of your cash flow if you’re struggling to figure out how to save a little extra.
  • Eating out regularly: “I can’t cook” isn’t an excuse. Learn how to make a few dishes well (it’s part of adulthood) and a few dishes that are passable enough to eat. Start brown bagging it to work at least three days a week and eat dinner at home most days. You’ll see a whole bunch of money get added back into your bank account. Brownie points if you cook in bulk during the weekend and stockpile some frozen meals.
  • Insurance: Reducing insurance costs immediately pads your bottom line. Switching your car insurance over to Metromile and paying per mile, instead of a fixed rate for times you aren’t even in the car, could mean finding an extra student loan payment in your budget. Get a free quote here to see just how much you could save.

So, you think you saved your money

Congratulations, you’ve found some extra money month-to-month by slashing expenses and negotiating on existing bills. But are you actually saving your money? The money you’ve freed up needs to be proactively moved to savings. Leaving this spare cash in your checking account just means it will be used for some other non-necessity and not put towards meeting your financial goals. Add this newly found cash to the amount of money you have automatically routed out of your paycheck and into savings before it hits your checking account, because obviously you’ve already set that up in the process of becoming a financial boss.

Being Your Own Financial Boss

The following guest post is written by Erin Lowry, a personal finance blogger for Broke Millennial. Erin created her blog to increase financial literacy and is known for her smart yet attainable advice to thousands of broke millennials.

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Starting off your life as an adult means getting your financial house in order. Simply put: you’re going to be your own financial boss. Sure, you might be working a traditional job – but no one is handling your money decisions. It’s on you to pay bills without missing due dates, to chip away at debt, to build your credit history and start to saving for the future. Before you panic, take a deep breath, you can step up your financial boss-ness in just three steps.

Step 1: Adulting 101 means you need a budget

The idea of a budget sounds so restricting, except it should be considered empowering. A simple budget can take stress out of handling your money because you know exactly how much is coming in and how much is going out. Sure, you may be wishing the in-flow drastically outpaced the out-flow, but at least it means you understand your balance sheet. Mindlessly spending and just hoping you have enough to cover all your bills is how you’ll end up in trouble. A budget can redirect your focus to prioritize your true money values. You can start saving for a trip, or put more money towards paying off debt or maybe it encourages you to work for a promotion or pick up a side gig.

Start your budget journey by writing down all your fixed monthly expenses + put a percentage towards savings + a buffer of $100 (things happen) and subtract it from your monthly income. The remainder is what you can use to spend. This is the most basic of budgeting styles that will at least put you on a track towards being a financial boss.

Step 2: Credit cards for beginners

Credit cards often strike fear into the hearts of fledgling adults. You hear horror stories about people getting tens-of-thousands of dollars in debt and unable to dig out. Your parents may have warned you about the evils of credit cards. Or maybe you got access to one in college and didn’t quite use it properly.

Truthfully, credit cards can be a valuable financial resource if you understand three basic principles.

  1. Never charge more than you can afford to pay off in a month: ideally you want to spend no more than 30 percent of your total available credit limit.
  2. Always pay your credit card bill on time: missing your payment can not only crush your credit score, but also result in fees and hiked interest rates.
  3. Always pay the balance in full: there is never a need to carry a balance on your credit card (I don’t care what anyone tells you). As soon as that bill comes in, you pay off the entire amount due – not the minimum due. Paying the full amount means you don’t owe the bank any interest.

By adhering to those simple rules, you can build a healthy credit history and score, which makes the rest of your financial life much easier. Your credit history and score can impact whether or not you can rent an apartment, the rates on loans and, in some cases, even employers do a credit check.

You should also look for a card with no annual fee and don’t focus on rewards early on. The rewards program may lead you down the rabbit hole of overspending, so proceed with caution.

Step 3: How pick the best financial products

Suddenly making all your financial decisions can feel daunting, so it’s common to turn to your parents or friends for advice. Listen respectfully, but be sure to do your own due diligence. What is ideal for your parents, or was ideal when they were your age, may not be the right fit for you.

For example, Metromile is the perfect solution for you city-dwelling-often-public-transit-riding millennials. Instead of opting into traditional auto insurance, you can instead pay according to how much you drive with pay-per-mile insurance. This saves the average customer over $500 annually – that’s easily an extra student loan payment or way to boost your emergency fund.

If you find yourself on public transit more often then behind the wheel, you could benefit from pay-per-mile car insurance. Get a free quote here. For more financial advice, check out brokemillennial.com.

Spending & Saving in the City

From new pop-up stores and great nightlife to job opportunities and historical landmarks, city living is exciting and exhilarating on a day-to-day basis. However, it can also be very expensive. Here are some easy ways you can save money, so you can enjoy city living without breaking the bank!

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Create a budget. This may seem obvious, but take some time to look at your take-home pay and monthly expenses. By using a software like Mint, you can create savings goals, categorize expenses, and receive custom alerts when you are close to overspending.

Take public transportation, or opt into a bike-share service. The less you drive your car, the more you’ll save money on gas and car maintenance. If you switch to pay-per-mile insurance, you could save even more money because your bill is based on how much you drive. Read more here.

Walk to your local farmers’ market. Since farmers have more stock of in-season fruits and vegetables, they are able to sell them at a lower price. Bonus tip: if you prefer to buy organic, it’s often cheaper at a farmers’ market than at a grocery store.

Eat in (sometimes). Okay, okay. We know it’s fun to try the trendy new restaurants. You can still budget for a weekly dinner splurge, but spend more time in your kitchen. Plus, leftovers make a great lunch the next day!

Automate savings. Have your bank automatically move cash into your savings on payday. You won’t know it’s not there, so you won’t miss it!

Side hustle. With so many new modern conveniences and resource sharing services, you can side hustle on your time with ridesharing, dog walking, house cleaning and more. Or if you’re crafty, try your hand at selling your art on Etsy.

If you are interesting in saving on car insurance, Metromile could save you $500/year! Try getting a quote to see how much you could save.

Tax 101: Know Your Car-related Tax Write-offs

Everyone dreads this time of year…tax season. But programs like Turbo Tax and H&R Block make doing your taxes a lot easier, and even look for deductions you might otherwise miss. For example, do you know all the write-offs available when it comes to owning a car? See below for a list of potential deductions, and be sure to check with your accountant or tax program to see if you are eligible for anything else.

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If you…

  • Use your car exclusively for business purposes, you can write-off expenses like lease, registration fees, gas, oil, repairs, insurance, tolls and parking.
  • Occasionally use your personal car for business, such as driving to a separate work destination or if you are temporarily reassigned to a location further away, you can write-off your mileage.
  • Babysit or do other odd jobs, you can deduct those miles.
  • Attend professional development workshops or are job searching, you can write-off your mileage to those destinations.
  • Volunteer, transportation expenses are considered charitable donations and may be deducted from your income taxes.

To our dismay, traffic tickets are never deductible. But, if you’re looking to save even more money on car expenses, check out our per-mile car insurance. Get a free quote here.

New Ways to Pay and Save

Managing money can be confusing and downright frustrating. How many times have you spent way too long figuring out how to split the dinner check with your friends? Or funneled money in and out of your bank account without really paying attention to where it’s going? Luckily, technology is helping to take the burden out of dealing with everyday finances. Here are some companies that are making it easier than ever to both pay and save.

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Pay with ease. Gone are the days where you have to find an ATM before a group event, in anticipation of needing exact change to split the check. With mobile payment apps such as Venmo, you can pay or charge people with the click of the button. You can even send reminders to nudge that friend who always “forgets” to pay.

Seamlessly track expenses. You don’t need to be an excel wiz to create and stick to a budget. Mint’s easy-to-use software makes budgeting extremely easy. Just create custom budgets based on your savings goals, and then Mint will do the rest, from seamlessly categorizing expenses to alerting you when you are nearing your monthly budget.

Save on the essentials. Now, it’s easy and affordable to purchase necessities like groceries and other household items. Jet and Amazon allow you to set recurring shipments personalized to your needs so that essentials (like toilet paper) will arrive on your doorstep right when you need them. Not only is this more convenient for you, but you can usually score some big savings by subscribing.

Car insurance is another necessity for anyone that owns a car, and here at Metromile, we’re using technology to save low-mileage drivers a ton of money with our pay-per-mile insurance offering. Because we can track exact mileage with the Pulse, a device that plugs into the OBD port of your car, we’re able to provide a more affordable pricing model. If you want to see how much you could save, you can get a free quote here.