Lemonade Launching Autonomous Vehicle Insurance
Digital insurance company Lemonade is now offering autonomous vehicle coverage .
Lemonade Autonomous Car insurance, which is starting with Tesla Full Self-Driving cars, is offering cuts per-mile rates for FSD-engaged driving by roughly 50%, reduced risk during autonomous operation, the company said.
Related: Lemonade Embraced AI in Claims From Inception, And Is Still Eying The Next Tech
Lemonade said it expects further reductions as Tesla releases FSD software updates, expected to make the cars even safer over time. According to Lemonade, a collaboration with Tesla has given Lemonade access to vehicle data that feeds into the company’s usage-based risk prediction models to distinguish between autonomous and human driving, as well as predict risk based on the autonomous software version installed in the car, the precision of its sensors, and other factors.
The company supports intermittent use of FSD, as well as households with a mix of Teslas and standard non-FSD vehicles from other manufacturers. Customers can also get additional discounts for safe driving behavior, as well as savings for bundling.
Related: Tesla Gets 5-Week Extension in US Probe of Full Self-Driving Traffic Violations
The product will begin rolling out in Arizona on January 26 and in Oregon a month later.
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