Most Drivers Are Overpaying. Lemonade CEO Says Two-Thirds Subsidize the Highest-Mileage Third.
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Lemonade's CEO claims the way auto insurance has always worked quietly punishes the majority of drivers, and his company is betting a radical repricing model around telematics and Tesla's self-driving miles can finally flip that equation into a profit.
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Most Drivers Are Overpaying. Lemonade CEO Says Two-Thirds Subsidize the Highest-Mileage Third.
Lemonade's CEO claims the way auto insurance has always worked quietly punishes the majority of drivers, and his company is betting a radical repricing model around telematics and Tesla's self-driving miles can finally flip that equation into a profit.