Lemonade Renters Insurance Expands to Idaho
Lemonade expanded its renters insurance into Idaho, extending an existing product line to a new state rather than launching anything new. Coverage starts at $5 per month, which the company says is roughly 30% below the national average, with more than 50% of claims handled instantly through its app.
Key figures
- Starting price
- $5 per month
- Active customers
- more than 3 million
- Instant claims share
- more than 50%
- Renters rate vs national average
- approximately 30% lower
AI analysis
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