Lemonade Stock Rises Amid New Insurance Offer
Shares of Lemonade (NYSE: LMND) surged 21.9% in January 2026, following the launch of a new insurance plan specifically for Tesla (NASDAQ: TSLA) vehicles. The plan, introduced on January 21, offers significant savings, cutting per-mile insurance fees in half when Tesla’s full self-driving feature is activated. This discount is based on the premise that autonomous vehicles will result in fewer accidents and claims.
The Lemonade Autonomous Car plan became available to Tesla vehicles in Arizona on January 26, with expansion planned to Oregon and other states in the following months. The service relies on direct data feeds from Tesla’s sensor systems. With Lemonade’s stock having increased by 138.3% over the past year, this innovative plan is seen as a potential turning point for the company’s financial outlook.
