Lemonade Insurance Review – The Company That Gives Back
- What is Lemonade?
- How does Lemonade work?
- How much does Lemonade cost?
- Lemonade features
- Who is Lemonade best for?
- Who shouldn’t use Lemonade?
- Pros & cons
- Lemonade vs. competitors
- The bottom line
What is Lemonade?
How does Lemonade work?
How much does Lemonade cost?
- Renters insurance: Starting at $5 per month.
- Homeowners insurance: Starting at $25 per month.
- Term life insurance: Starting at $9 per month.
- Pet insurance: Starting at $10 per month.
Simple website and mobile app powered by AI
Who is Lemonade best for?
- Customers who want an easy online application and claims process. One of Lemonade’s main perks is the incredibly quick and easy online application and claims process. In just a matter of minutes, you can apply for insurance coverage, submit a claim, or receive payment.
- Customers who want to give back to charity. Another one of Lemonade’s unique features is its charitable giving. You can select a charitable cause to donate to when you purchase a policy with Lemonade, and a portion of your premium goes toward supporting that cause each year.
Who shouldn’t use Lemonade?
- Customers who prefer in-person insurance help. Lemonade’s application and claims process are entirely online, which is a strength for many customers. That said, if you’d prefer in-person insurance help, Lemonade isn’t the best fit.
- Customers who want to bundle existing policies. If you already have another insurance policy, like auto insurance, with a different provider, you may be eligible to bundle multiple insurance policies in order to save money. This means that Lemonade may not be the best fit for customers looking to bundle existing insurance.
Pros & cons
- Digital-first approach - Lemonade’s sleek, intuitive website and app make it easy to navigate the insurance process.
- Charitable giving - When you purchase insurance coverage through Lemonade, you can select a charity to which you may donate a portion of your premium.
- Easy claims process - Unlike other insurance companies, Lemonade doesn’t make more money by denying you claims. This means that the claims process is typically fast and easy.
- Digital-first approach - While this is one of Lemonade’s main strengths, it’s definitely a downside if you need in-person help with your insurance policy.
- Doesn’t offer all insurance types - Lemonade currently only offers renters, homeowners, pet, and life insurance.
Lemonade vs. competitors
|Company||Insurance coverage options||Application processApplication process||Other featuresOther features|
|Lemonade||Renters, homeowners, pet, life||Apply online in just a few minutes||Great website and app, charitable giving|
|Allstate||Renters, homeowners, auto, small business, life, health, disability, liability, petRenters, homeowners, auto, small business, life, health, disability, liability, pet||Apply online or over the phone||Bundling discounts, local agents, banking and investing options|
|State Farm||Renters, homeowners, auto, business, life||Apple online||Bundling discounts, helpful educational resources|
What type of insurance does Lemonade offer?
Is Lemonade B-corp certified?
How does Lemonade make money?
The bottom line
Reclaim Up to $610/Year in Car Insurance
Here’s the thing: your current car insurance company is probably overcharging you. But, who has the time to look around for around a new company?
A website called CarInsurance.net makes it super easy to see if you’re getting the lowest price. All you have to do is enter your ZIP code and your age, and it’ll show you your options.
Using CarInsurance.net, people have saved up to $610 a year.
It takes just a few minutes to see how much CarInsurance.net could put back in your pocket. And the best part? Because we’re driving less, some insurers are slashing prices this month.