# Just Auto Insurance Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/just-auto-insurance-company

- Industry: Insurance
- Headquarters: Los Angeles, US
- Website: www.just.insure
- Total disclosed funding: $5.7M
- Latest round: Seed (Jun 30, 2020)
- Investors on record: 3

## About

Just Auto Insurance Company Inc. is a US-based provider of innovative pay-per-mile auto insurance solutions, enabling drivers to manage their premiums based on actual driving behavior, making insurance more accessible and affordable.Founded in 2019, Just Auto Insurance Company Inc. operates from Los Angeles, US, focusing on affordable auto insurance tailored for low-mileage drivers. The company has completed 4 funding deals, with the latest in September 2021, raising USD 8.00 mn from investors including Crosscut Ventures Management and ManchesterStory Group. The co-founders include Greg Ferkel, Murray Macdonald, and Robert Smithson, with Robert Smithson currently serving as CEO.Just Auto Insurance Company Inc. primarily offers a pay-per-mile auto insurance product, allowing customers to pay premiums aligned with their driving habits. The company provides flexible payment options—weekly, biweekly, or monthly—and various coverage levels from state-minimum liability to full coverage, specifically targeting low-mileage drivers in urban and suburban areas of the United States.Just Auto Insurance Company Inc. generates revenue through direct-to-consumer sales of auto insurance policies, with quotes based on driving mileage. Customers enjoy flexible payment schedules tailored to their financial needs. The flagship pay-per-mile policy is particularly appealing to low-mileage drivers, optimizing costs based on actual usage.In September 2021, Just Auto Insurance Company Inc. raised USD 8.00 mn in venture funding, which will be utilized to enhance its product portfolio and scale operations as the company aims to expand into additional states. Future product offerings and enhancements are being designed to meet the evolving needs of consumers, reflecting the company's commitment to growth and adaptation in the insurance market.

## Funding rounds

- Seed, Jun 30, 2020, $5.7M — Crosscut Ventures Management, Plug and Play, ManchesterStory

## Investors

- Crosscut Ventures Management (https://capitalatlas.ai/funds/crosscut-ventures-management) — Seed
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- ManchesterStory (https://capitalatlas.ai/funds/manchesterstory) — Seed