Direct answer
It depends on your specific risk profile and location, as Lemonade uses AI-driven underwriting that may result in lower premiums for some but higher rates for others compared to traditional legacy insurers.
Publicly available rate filings submitted by Lemonade to state departments of insurance. For additional information about how insurance rates are regulated and filed, see the National Association of Insurance Commissioners‘s state-by-state resource portal.
What this means for you
It depends on your specific risk profile and location, as Lemonade uses AI-driven underwriting that may result in lower premiums for some but higher rates for others compared to traditional legacy insurers.
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