Just Auto raises $8 million
Pay-per-mile insurance startup Just Auto Insurance has raised $8 million, bringing its total funding to $15 million. The round was led by CrossCut Ventures, ManchesterStory and Western Technology Investments.
Founded in 2019, the startup is currently available in Arizona and in the second quarter of 2021 it issued more than 1,000 policies.
“We are the only auto insurer that’s using telematics to rewrite the rules of what’s possible in auto insurance. People are simply driving less as a result of increased work-from-home rates, and this isn’t changing anytime soon. Our approach enables us to offer customers rates that are truly reflective of their driving, which in turn rewards drivers, removes rate bias, and ultimately makes the road a safer place for everyone. We’re eager to continue developing our telematics capabilities and growing our team with these new funds.” – Robert Smithson, founder and CEO of Just Insure.
“We were initially attracted to Just Insure as the team is taking an approach to auto insurance that we’ve never seen before It is more fair, affordable, and customized across the board, and unique because the company offers customers rates that are actually reflective of their driving, which rewards safe drivers with lower insurance premiums.” – Matt Kinley, co-founder and managing partner at ManchesterStory.