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 […]
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 […]
Lemonade Expands Autonomous Car Insurance for Tesla FSD to Colorado
Lemonade Inc. (NYSE: LMND) said June 22 that its Autonomous Car insurance is now available in Colorado, bringing to the state a usage-based product that gives Tesla owners 50% off every mile driven using the automaker’s Full Self-Driving (Supervised) technology. The expansion continues an early test of whether autonomous-assisted driving can be priced directly into […]
Lemonade Expands Autonomous Car Insurance for Tesla FSD to Indiana
Lemonade Inc. (NYSE: LMND) said June 3 that its Autonomous Car insurance is now available in Indiana, extending to the state a usage-based product that gives Tesla owners 50% off every mile driven using the automaker’s Full Self-Driving (Supervised) technology. The expansion deepens an early test of whether autonomous-assisted driving can be priced directly into […]
Lemonade Launches Autonomous Vehicle Insurance With 50% Rate Reduction for Tesla FSD
Lemonade Inc. (NYSE: LMND) announced Jan. 21 the launch of an autonomous vehicle insurance product designed for self-driving cars, beginning with Tesla vehicles equipped with Full Self-Driving technology. The insurance carrier will reduce per-mile rates by approximately 50% when FSD is engaged, reflecting lower risk during autonomous operation. The company said it expects further rate […]
Lemonade Car Insurance Launches in Oregon
Lemonade (NYSE:LMND), the digital insurance company, announced the launch of Lemonade Car in Oregon, marking the fifth state where the full suite of Lemonade insurance products are available. Lemonade Car offers drivers the ability to only pay for the miles they drive on top of a low monthly base price. The company boasts that Lemonade […]
Lemonade Car Insurance Launches in Texas
Lemonade (NYSE:LMND), the digital insurance company powered by AI and social impact, announced the launch of Lemonade Car in Texas, making it the latest state to offer the company’s telematics-enabled car insurance and also the full suite of Lemonade insurance products. Texas is the second largest private passenger auto insurance market in the U.S. Lemonade […]
Lemonade Selects Mitchell’s Claims Management Solutions
Mitchell, an Enlyte company, today announced that Lemonade (NYSE:LMND) selected its claims workflow, automation, and total loss solutions to support Lemonade Car, the insurer’s latest product offering. Mitchell’s solutions—which span auto physical damage and auto casualty—will help Lemonade streamline and optimize claims handling. Lemonade Car launched in Illinois in November 2021, expanding to Tennessee and […]
Lemonade Sells Metromile’s Enterprise Business Solutions Platform
Lemonade (NYSE: LMND), the insurance company powered by AI and social impact, today announced the close of its divestiture of Metromile’s Enterprise Business Solutions (EBS) to digital insurance platform, EIS. EBS was Metromile’s SaaS claims automation and fraud detection platform which it licensed to large insurance carriers. The all-cash transaction was completed following the close […]
Lemonade Completes Acquisition of Metromile
Lemonade (NYSE:LMND) announced the closing of its previously announced acquisition of car insurance provider Metromile. Metromile shareholders received 7.3 million LMND shares, while Lemonade received a business with over $155 million in cash, over $110 million in premiums, an insurance entity licensed in 49 states, and a team unsurpassed in harnessing precision data for auto […]