Lemonade adds support for Tesla FSD V14 Lite, expanding its Autonomous Car insurance to Teslas running HW3
Additional savings are available when customers bundle coverage with Lemonade Renters, Pet, or Home insurance.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Lemonade (NYSE: LMND) expanded its Autonomous Car insurance to Tesla vehicles using HW3 hardware and FSD (Supervised) v14 Lite. Drivers in Arizona, Colorado, and Tennessee can now save 30% on miles driven with FSD engaged. Vehicles with HW4 and FSD v14.2 or newer continue to qualify for 50% savings on those miles. FSD requires active driver supervision and does not make the vehicle autonomous.
Positive
- Minor pointExpanded coverage offers 30% savings on FSD-engaged miles for HW3/v14 Lite drivers in Arizona, Colorado, and Tennessee.
- Minor point. Forward-looking: it has not happened yet and may not happen.Lemonade plans to extend FSD Lite support to more states soon.
Negative
- None.
News Explained
With customer permission, Lemonade uses Tesla’s Fleet API vehicle data to distinguish miles driven with FSD (Supervised) engaged from human-driven miles, then price each category accordingly.
Key Figures
- FSD Lite mileage savings
- 30%
- HW3 Teslas in Arizona, Colorado and Tennessee; miles driven with FSD engaged
- FSD mileage savings
- 50%
- Continued offer for HW4 Teslas with FSD v14.2 or newer
- Initial state availability
- 3 states
- Arizona, Colorado and Tennessee
AI-generated analysis. How Rhea-AI works. Not financial advice.
Tesla drivers can now pay
FSD Lite is Tesla's adaptation of its v14 software for vehicles equipped with HW3, Tesla's previous-generation onboard computer. According to Tesla, the build distills the driving behavior of Tesla's v14 software into the camera and configuration of AI3, addressing challenging driving scenarios with improved proactive and reactive responsiveness.
"Tesla has done something remarkable with v14 Lite by taking the intelligence from its newest hardware and making it available to owners of older Teslas," said Shai Wininger, President and Co-Founder of Lemonade. "We're excited to launch our support for the new FSD Lite with three states today, and more coming soon."
Lemonade Autonomous Car uses Tesla's Fleet API, which gives Lemonade access to vehicle data with a customer's permission, to distinguish between FSD (Supervised) engaged and human-driven miles and price each accordingly.
Tesla owners in
*Full Self-Driving (Supervised) requires active driver supervision and does not make the vehicle autonomous.
About Lemonade
Lemonade's mission is to become the most loved insurance company in the world. As a customer-centric tech company, we created an insurance experience across Renters, Home, Pet, Car, and Life that is smart, instant, and delightful. Our team of 1,300+ Lemonade Makers make it possible for over 3M customers throughout the US, UK and Europe to get coverage instantly, with nearly half of claims paid in a matter of seconds. Powered by AI and social impact, Lemonade is a purpose-built, technology-first insurance carrier. A Certified B-Corp, our commitment to social impact is embedded in every aspect of the company, and our Giveback program, which donates a percentage of leftover premiums to nonprofits selected by our community, has donated over
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SOURCE Lemonade, Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What discount does Lemonade offer Tesla drivers using FSD v14 Lite?
Tesla drivers with HW3 and FSD (Supervised) v14 Lite in Arizona, Colorado, and Tennessee can save 30% on miles driven with FSD engaged. Drivers with HW4 and FSD v14.2 or newer continue to save 50% on those miles.
How can Tesla owners enroll in Lemonade Autonomous Car pricing, and what vehicle data access is used?
Tesla owners in Arizona, Colorado, and Tennessee can enroll at tesla.lemonade.com/fsd. Lemonade uses Tesla's Fleet API, which provides vehicle data with the customer's permission, to distinguish FSD-engaged miles from human-driven miles and price each accordingly.