Insurtech Lemonade Launches Car Insurance in Ohio

Lemonade (NYSE:LMND), the digital insurance firm “powered by social impact,” recently announced the launch of Lemonade Car in Ohio.

The Buckeye state “marks the third state to feature availability of Lemonade’s newest environment-friendly product.”

With an increasing presence of electric vehicle infrastructure and growing startup culture, Ohioans are “no stranger to new tech.”

As noted in an update shared with CI, Lemonade Car “not only brings a fresh, tech-first approach to car insurance with telematics, but also introduces a new type of product that focuses on incentivizing drivers with the environment in mind.”

With Lemonade, drivers across Ohio “can access its top-rated insurance,” including:

  • Perks for environment-conscious drivers: better rates and coverage for electric vehicles and hybrid cars, rewards for low-mileage drivers with lower insurance rates, and will fund reforestation to help clean up after customers’ carbon emissions, over time.
  • Telematics-enabled insurance: the use of telematics 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.
  • Quick support when needed: first-of-its-kind claims process allows users to file claims in minutes, and when needed, get tow services, emergency EV battery recharge, and the ability to track repairs, body shop work, and more.
  • Discounts for bundling: new and existing customers in Ohio can receive discounts when bundling with other Lemonade products – Renters, Homeowners, Pet and Life – to save up to hundreds of dollars a year.

Lemonade also “created a guide for drivers to help navigate the nuances of car insurance in the state of Ohio, which can be found here.”

To learn more about Lemonade car insurance, check here.

As covered, Lemonade “offers renters, homeowners, car, pet, and life insurance.”

Powered by artificial intelligence and behavioral economics, Lemonade’s full stack insurance carriers in the US and the EU “replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and instant everything.”

A Certified B-Corp, Lemonade ‘gives unused premiums to nonprofits selected by its community, during its annual Giveback.”

Lemonade is currently “available in the United States, Germany, the Netherlands, and France, and continues to expand globally.”

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