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.


  • 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!


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!

city driving

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.

tax write-offs

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.

Metromile Just Made It Even Easier to Save Money

Here at Metromile, we’re all about providing a more fair and affordable insurance option for low-mileage drivers, but we don’t stop at just helping our customers save money. We also have a smart driving app that takes the hassle out of car ownership, with useful features like a car locator and street sweeping alerts (in select cities). Now, we are giving customers an even easier way to save with a new billing feature, which tracks mileage costs throughout the month.

save money

The inspiration for this feature came from our loyal customers. Since Metromile’s pay-per-mile insurance model is unique in that the monthly bill is based on mileage, pricing can change from month-to-month depending on how much is driven. Many of our customers said that they would find ways to drive less if they could track their bill throughout the month. That’s exactly what this new feature will allow them to do. Now, customers can see how each mile they drive affects how much they pay. By keeping tabs on monthly mileage, it’s easier than ever to stay in control of how much customers pay (and save).

If you are a Metromile customer, the new Billing feature is simple to use. Open our app and you will see the new Billing card appear on the overview screen, giving a quick glance at your charges to-date. You can then click to drill in deeper and see the breakdown of your current bill, as well as previous bills.

If you have an idea of how Metromile’s app could be even more helpful, don’t hesitate to drop us a line. You can reach us at Happy driving!

Easy Ways to Find a Work Carpool

Did you know that a solo drive to work costs an average of $5,000 a year and that many people spend 250 hours alone in a car? If this applies to you, carpooling can be a great way to save thousands on tolls and gas. It also can give you valuable time back to be productive (checking emails, reading the news) when you’re in the passenger seat. The hassle of finding someone who has a similar route and schedule as you might seem daunting, so we’ve got the low-down on simplifying your carpool strategy.


Looking for someone to carpool with? Try one of these apps that match you to a driver or rider with a similar route.

Scoop allows you to schedule morning and afternoon commutes either independently or together. Based on your route, schedule and traffic, trips are custom tailored for you and the drivers. If you choose to drive a carpool, that’s more cash in your pocket. Scoop even guarantees you a ride home, so you’ll never have to worry about being stuck at work.

Hitch A Ride helps you connect with colleagues to see who lives nearby – and opens the floor to discuss carpool destinations. Payment terms are negotiated between you and the driver- meaning you can either pay a flat rate or pick up a bagel for them in the morning. You can even connect with your social networks to see where your friends are travelling – and hop in for the ride!

UberPOOL matches riders heading in the same direction, and the trip costs up to 50% less than UberX. If you find yourself frequently hopping in a rideshare to save time on your commute, this is a great alternative. It only adds a few minutes to your ride, and you could meet a new friend.

Riding with a friend or coworker? Follow these tips to make sure it’s a smooth ride:

  • Discuss the pickup point. Is the driver picking everyone up at home? Are you meeting at a convenient location for everyone?
  • If everyone is going to take turns driving, create a schedule that you all agree on. Be flexible if there is a day when someone needs to switch drivers.
  • Decide on payment terms based on mileage and fuel cost. If everyone is taking turns driving equally, you may not need to exchange cash.
  • Make some ground rules and be respectful of them. How long will the driver wait if someone is late? When will you exchange payment? Is talking on cell phones OK?

Need a way to fill the silence? Check out our list of commute-friendly podcasts!

If you are participating in a carpool you’ll likely be driving your car less frequently, so you could really save a lot of money with pay-per-mile car insurance. Learn more and get your 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.


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.

The New Way to Save: Usage-Based Insurance 101

We recently shared a brief history of how Metromile became the pioneer of pay-per-mile car insurance — there’s more to that story. While we spearheaded the idea of plugging a device into your car to measure mileage, many other insurance companies are using a similar model to offer car insurance discounts, but monitoring driving behavior as well. The term “usage-based insurance” is becoming increasingly popular, so it’s important to understand that not all usage-based programs are the same. Let’s dive in and explore the things to consider when choosing the right usage-based insurance for your needs.


There are many factors that can affect your car insurance premium, such as driving history, the model of your car or your geographic location. That’s because typically, these are indicators that can predict how likely an accident might be. Many insurance companies have deemed driving behavior to be one of the most important indicators since a driver who frequently slams the breaks is likely at a higher risk to be involved in an accident. That’s why insurance companies offer safe driving programs, where they reward good driving behavior with insurance discounts. The trade in? Your driving behavior will be monitored, and the occasional mistake could affect your premium. The way insurers measure safety varies, but some of the most common factors include the time of day, average speed, sudden acceleration and hard braking.

Here at Metromile, we only measure mileage and not behavior. We believe that risk is determined primarily by the amount of time you are in the car. If you aren’t behind the wheel, you aren’t going to be in a car accident! That’s why with pay-per-mile car insurance, the amount you pay is based on the miles you drive. Because we base your monthly bill on exact mileage, we typically save low-mileage drivers (under 200 miles per week) a lot of money compared to the discounts offered by other usage-based programs. On average, our customers are saving $500 a year!

So what’s the best usage-based program for you? It depends on your driving style and how much you drive. According to The Zebra, most usage-based insurance programs offer about 10-15% discounts. If you don’t drive much, you could see much more significant savings (like over $500!) with Metromile’s pay-per-mile car insurance offering. Find out how much you could save by getting a quote with Metromile!

5 Easy Ways to Make Better Financial Choices in 2016

The following is a guest post from Earnest, a technology company that uses cutting-edge data science, smarter design and software automation to rebuild financial services. Earnest understands every applicant’s full financial story to offer the lowest possible rates and radically flexible loan options for living life.

Salad instead of fries. Green tea instead of coffee. Debit instead of credit.

We’re all trying to make healthier decisions so we can live longer and with more ease. Your money is no different — making good financial choices is also part of living a happier, better life.

Like eating, the earlier you start, the longer can you enjoy the rewards. But what you might not know is how a new generation of technology can help.

Nearly all of our everyday financial choices — like saving, spending, borrowing, insuring — have become more efficient in recent years with the help of better, more sophisticated software. For you, that means you can use technology to save time and money through better automation, personalization, and efficiency.

Let’s take a look at some of the ways you can make better financial choices with the help of these new tech-based services.


Better financial choice #1: Stop paying so much interest on your student loans.

For 40 million Americans, student loans are a fact of life — and there are ways to make living with debt better, such as refinancing into better rates. By refinancing student loans, you can reduce your monthly payments or reconfigure the terms of your loans so it fits better with your monthly budget.

You might try: Earnest offers hyper-personalized loans with its Precision Pricing feature. This feature provides you with an interest rate that matches your exact budget so you’re not overpaying in interest.

Better financial choice #2: Automate all your investing goals, large and small.

Investing is not new but using technology (in lieu of a financial advisor or your own time) to manage your investments is a recent thing. Automated investment services, aka robo-advisors, provide online tools to help you customize sophisticated investment portfolios with the right mix of stocks and bonds, and then keep your investments balanced and performing as they should.

You might try: Betterment lets you create multiple investment goals and customize each one for the right mix of stocks and bonds, and has some of the lowest fees in the industry. It also allows you to connect your outside accounts to get a 360-view of your savings and retirement plan.

Better financial choice #3: Only pay insurance for the miles you drive.

New technology helps you match the number of miles you drive with what you actually pay for insurance — especially useful for people who only drive occasionally. With traditional insurance, you might pay $100 a month, no matter how many miles you log. Now tech-based insurance mean you pay only what you use — slashing that $100 bill down to $37 per month, for example.

You might try: With Metromile, you plug a tracker into your vehicle to log the number of miles you drive — and that is the basis for what you pay. The added benefit of the tracker is you can also log you all the trips you’ve taken and see where you’re parked at all times. (more…)