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Lemonade Slashes Tesla Insurance Rates by 50% for Full Self-Driving Usage

Lemonade Slashes Tesla Insurance Rates by 50% for Full Self-Driving Usage

Author:

Global Cryptocurrency

Published:

2026-01-22 12:32:02

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BTCCSquare news:

Lemonade has launched a groundbreaking insurance product that reduces premiums by half for Tesla vehicles operating with Full Self-Driving (FSD) technology engaged. The initiative, set to debut in Arizona on January 26, leverages telemetry data showing FSD's superior safety performance compared to human drivers.

Elon Musk publicly endorsed the move, emphasizing FSD's substantial safety improvements. The partnership grants Lemonade access to Tesla's vehicle data, enabling precise differentiation between autonomous and human-driven miles for risk assessment.

Market reaction was immediate, with Lemonade shares (LMND) surging 8% and Tesla (TSLA) gaining 3% following the announcement. The insurance product will expand to Oregon in February, marking a significant milestone in the integration of autonomous vehicle technology with financial services.

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