Per-Mile Price Model
Lemonade is a new breed of car insurance that prices policies based on actual miles driven. The less you drive, the more you save. It uses a telematics device that you install on the car. Lemonade monitors your driving on the corresponding app and reports it to the company.
It’s easy to use, and while Lemonade says that the lower price is due to lower emissions, less driving also means you are at less risk of an accident.
Gap insurance pays off your car loan or lease when you total your car in an accident and you owe more than it’s worth.1 Lemonade includes gap insurance with its policies.
Lemonade has extra, free perks for people who drive EVs. If you’re stuck somewhere with your EV battery drained, Lemonade will send a charging truck to your location. You’ll get the charge you need to get home and plug in.
Most auto insurance companies will insure only the car. However, the car charger for an EV is essential to the car’s running. Lemonade provides coverage for your charger in the event that something damages it. Covering this accessory means that your EV gets protection from the wall to the bumper.
Temporary Transportation Coverage
Most insurance companies offer rental car reimbursement coverage, which pays for the rental of a vehicle while yours is in the shop under a covered claim. In addition to rental car coverage, Lemonade offers temporary transportation coverage. It offers a daily limit that you can use for either rental car coverage, public transportation, or rideshare costs. Elect a limit of $40, $50, or $60 per day.
Extended Glass Coverage
Comprehensive coverage pays for property damage (other than collisions) that is beyond your control, such as when a tree falls on your car or a thief breaks in. When choosing comprehensive coverage, you can opt for extended glass coverage, which means that you can choose a lower deductible just for the glass. If a thief breaks a window to steal something, you’ll pay a lower deductible.
In fact, one option is to have no deductible at all, though premiums will be higher. Still, the lack of deductible will be a silver lining on the day when something breaks the glass.