Reinsurance News

Lemonade Car launches as insurtech looks to reward low-milage drivers

3rd November 2021 - Author: Charlie Wood

AI-powered insurtech Lemonade has announced the launch of Lemonade Car, a smartphone app designed to leverage telematics in order to reward safe and low-mileage drivers.

LemonadeLemonade Car is now available in Illinois with an eye on its rollout nationwide.

The app promises to measure how much and how safe people drive, as well as provide 24/7 on-location roadside assistance, real time crash detection, and dispatch of emergency services.

Using Blender, Lemonade’s proprietary insurance operating system, the insurer is reported to be capable of handling more claims in a shorter period of time and with greater efficiency than traditional systems.

“We stood up entire teams to handle tows, repairs, body shop services, as well as support for the 24/7 roadside assistance and emergency services we now offer,” said Shai Wininger, Lemonade’s CEO and cofounder.

Gallagher Re

“Providing a best-in-class car claims experience means being there for your customers 100 percent of the time, with surprisingly fast service and lots of empathy.”

Lemonade Car also offers improved rates and coverage for electric vehicles and hybrid cars and is seen as an extension of its environmental commitments.

“We wanted to introduce a product that will not only reinvent how people buy car insurance, manage their policy, and file claims, but also do something good for the planet.

“Since we can’t stop using cars just yet, we will help compensate for the CO2 emitted from our customers’ cars by financing reforestation on an ongoing basis,” added Wininger.

“Using the telematics technology in our app, we’re able to estimate how much carbon dioxide is emitted by each ride, and plant trees accordingly.”

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