Lemonade

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Tesla Model Y on Arizona highway with Full Self-Driving engaged, Lemonade app showing 50% insurance savings for FSD users.
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Lemonade launches cheaper insurance for Tesla FSD users

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Insurance provider Lemonade Inc. has introduced a new policy offering about 50% lower per-mile rates for Tesla drivers using the Full Self-Driving system. The product, called Autonomous Car Insurance, starts in Arizona on January 26 and expands to Oregon in February. It relies on data from Tesla to assess reduced risk during FSD engagement.

Lemonade has introduced its Autonomous Car insurance product for Tesla vehicles in Oregon, offering drivers significant discounts for using Full Self-Driving technology. The program, announced by co-founder Shai Wininger on social media, provides about 50% off on insurance costs for miles driven with FSD. It relies on Tesla's safety data showing FSD miles are twice as safe as manual driving.

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Lemonade, the AI-driven insurer, has rolled out a new autonomous car insurance product specifically for Tesla vehicles equipped with Full Self-Driving technology. This initiative extends its digital platform into the auto insurance sector, aiming to leverage automation for improved underwriting. The move supports Lemonade's goals for product diversification and geographic growth.

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