Lemonade Inc. (NYSE: LMND) said Sept. 2 that it has launched its Lemonade Car auto insurance product in Missouri and, on the same day, its Autonomous Car product, which gives Tesla owners in the state 50% off every mile driven using Full Self-Driving (Supervised). “Missouri drivers are getting Lemonade Car and Lemonade Autonomous Car at […]
Florida Policyholders Paid Nearly $3 Billion Less in 2025, APCIA-Commissioned Study Finds
Florida homeowners and personal auto policyholders paid nearly $3 billion less for coverage in 2025 than they did a year earlier, according to an actuarial study commissioned by the American Property Casualty Insurance Association (APCIA) released Sept. 2 that credits the state’s 2022 and 2023 legal system reforms for the decline. The sharpest reductions the […]
Root Cuts Florida Auto Insurance Base Rates 15% for 52,000 Policyholders
Root Inc. (NASDAQ: ROOT) has cut base auto insurance rates in Florida by 15%, a reduction the Columbus, Ohio-based telematics insurer said Aug. 27 will lower premiums for nearly all of the more than 52,000 policyholders it covers in the state. Eligible customers will save about $400 a year on average, or roughly $21 million […]
Farmers Links Safety Technology to Costlier Repairs and Premiums in Consumer Guide
The guide names diagnostic scans, calibration and specialized labor as repair cost drivers and tells policyholders those costs flow into rates. Farmers Insurance published a consumer guide Aug. 31 detailing for policyholders how the cameras, sensors and radar behind advanced driver assistance systems (ADAS) are making collision repairs more complex and expensive, and that repair […]
Most Profitable States for Auto Insurers in 2024
Auto physical damage insurers posted their best year in a decade after three straight years of losses, with only one state in the red. Private passenger auto physical damage insurance returned to profitability in every state but one in 2024, according to the latest data from the National Association of Insurance Commissioners (NAIC), capping a […]
J.D. Power Finds Nearly One-Third of Insurance Customers Use AI to Research, Shop and Service Policies
Just 13% of customers say they have used AI to process a claim, even as 29% use it to research coverage and shop for policies. Nearly one-third of auto and home insurance customers, 29%, have used artificial intelligence tools to research products and coverage, service their accounts, understand what their policy covers before submitting a […]
Lemonade Car Insurance Launches in Florida
Lemonade Inc. (NYSE: LMND) said Aug. 26 that its Lemonade Car auto insurance product is now available in Florida, extending the app-based carrier’s telematics-priced coverage into what the company describes as one of the largest and fastest-growing personal auto markets in the country. With Florida added, Lemonade said its Car product is now sold in […]
Auto Insurance Shopping Growth Slows in Second Quarter as Exclusive Agents Retake Channel Lead
Nearly half of all policies in force were shopped in the previous 12 months even as year-over-year growth cooled to 1.4%. U.S. auto insurance shopping grew 1.4% year over year in the second quarter of 2026 and new policy growth eased to 3.3%, according to data released Aug. 17 by LexisNexis Risk Solutions. Both slowed […]
Illinois Governor Signs Auto Insurance Right to Appraisal Law
Public Act 104-0767 requires an appraisal provision in policies carrying first-party physical damage coverage beginning July 1, 2027. Illinois Gov. JB Pritzker signed House Bill 4160 into law Aug. 7, establishing a statutory right to appraisal for disputes over the amount of a loss on automobile physical damage claims. The measure, now Public Act 104-0767, […]
Auto Insurance Rates Rose in 27 States in the First Half of 2026
Insurify projects 32 states will post increases by year’s end, with Connecticut facing the steepest. Full-coverage car insurance rates rose in 27 states during the first six months of 2026, reversing a 6% national decline the year before, according to Insurify Inc.’s 2026 Mid-Year Auto Report released Aug. 11. The online insurance comparison platform projects […]
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