"Lemonade, a digital insurance company, has launched its first-of-a-kind product known as Lemonade Autonomous Car Insurance, and it is starting with an exclusive offer to FSD. The new offer will cut rates for FSD-engaged driving by "approximately 50 percent," highlighting the data that shows a significantly safer driving environment when the suite is activated and engaged."
"The company also said it plans to introduce even cheaper rates as Tesla continues to release more advanced FSD versions through software updates. Tesla has been releasing new FSD versions every few weeks, highlighting vast improvements for those who have the latest AI4 chip. The announcement comes just a few months afterLemonade Co-Founder and President Shai Wininger said that he wanted to insure FSD vehicles for "almost free." He said that Tesla's API complemented Lemonade's AI-based platform because it provides "richer and more accurate driving behavior data than traditional UBI devices.""
"In mid-December, Lemonade then offered Tesla owners in California, Oregon, and Arizona the opportunity to connect their vehicles directly to the company's app, which would provide a direct connection and would require a separate telematics device, which is required with other insurance providers who offer rates based on driving behaviors. This latest development between Lemonade and Tesla is something that Wininger believes will be different because of the advanced nature of FSD: "Traditional insurers treat a Tesla like any other car, and AI like any other driver. But a car that sees 360 degrees, never gets drowsy, and reacts in milliseconds can't be compared to a human.""
Lemonade launched Lemonade Autonomous Car Insurance with an exclusive offer for Tesla Full Self-Driving users, cutting rates for FSD-engaged driving by approximately 50 percent. The insurer plans to reduce rates further as Tesla releases more advanced FSD updates and the AI4 chip improves performance. Lemonade enabled direct vehicle connections in select states to gather richer telematics without requiring separate devices. Shai Wininger indicated an ambition to insure FSD vehicles for "almost free," citing Tesla's API as providing richer and more accurate driving-behavior data than traditional UBI devices. Lemonade frames FSD-equipped cars as fundamentally safer than human drivers.
Read at TESLARATI
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