Lemonade Insurance Review (2025)
$12/month
Pros
Renters insurance rates are 36% less than U.S. average
Good renters satisfaction rating
Flexible pet health insurance options
Donates to charities
Cons
Poor complaint rating
Not available in every state
Does not offer umbrella insurance
Limited options to bundle policies
Lemonade renters insurance review: Is Lemonade a good company?
Established in 2015, Lemonade brings a fresh approach to insurance. Its website can get you a quote and policy within minutes. Its coverages fit modern lifestyles, and it donates a portion of your premiums to charity.
Lemonade only gets mixed reviews and ratings for customer service. On the plus side, it has a very good rating for overall renters satisfaction J.D. Power uses customer surveys to review renters insurance providers on factors like price, coverage and problem resolution. from J.D. Power. But it has a poor complaint rating Lemonade’s 3.5 complaint rating means it has more than three times as many confirmed complaints as average for its size. A confirmed complaint is one that leads to a finding of fault. from the National Association of Insurance Commissioners (NAIC).
Lemonade insurance ratings at a glance
| Rating | Lemonade’s score | Industry average |
|---|---|---|
| Overall renters satisfaction rating* | 682 | 659 |
| Complaint rating** | 3.5 | 1.0 |
Sources: *J.D. Power 2024 U.S. Home Insurance Study (higher scores are better). **Combined 2023 NAIC complaint data for renters, home and condo insurance (lower scores are better).
How much is Lemonade’s renters insurance?
Lemonade charges an average of $140 a year for renters insurance, or about $12 a month. This is 36% less than the average cost of renters insurance nationwide, $217 a year.
Average renters insurance rates
| Company | Monthly rate |
|---|---|
| State Farm | $11 |
| Lemonade | $12 |
| Allstate | $17 |
| Amica | $17 |
| Progressive | $19 |
| Assurant | $22 |
| Farmers | $23 |
| American Family | $27 |
Each company’s rates vary by customer. This makes it good to compare renters insurance quotes from a few different companies when you shop.
How much does Lemonade renters insurance cost in my state?
Lemonade offers cheap renters insurance in 28 states and the District of Columbia. It charges less than the average rate for each of these areas except Georgia and Michigan. Its rates are 38% less than the state average in California and 41% less than the average in New York.
Monthly renters insurance rates by state
| State* | Lemonade | State average | Difference |
|---|---|---|---|
| Arizona | $12 | $21 | -45% |
| California | $10 | $16 | -38% |
| Colorado | $9 | $17 | -47% |
| Connecticut | $9 | $14 | -38% |
| Florida | $17 | $20 | -17% |
| Georgia | $26 | $25 | 1% |
| Illinois | $8 | $18 | -53% |
| Indiana | $11 | $19 | -41% |
| Iowa | $11 | $16 | -34% |
| Maryland | $11 | $19 | -43% |
| Massachusetts | $10 | $15 | -33% |
| Michigan | $28 | $24 | 21% |
| Nevada | $10 | $18 | -42% |
| New Jersey | $7 | $15 | -54% |
| New Mexico | $8 | $17 | -51% |
| New York | $9 | $15 | -41% |
| Ohio | $13 | $22 | -39% |
| Oklahoma | $13 | $24 | -48% |
| Oregon | $9 | $16 | -45% |
| Pennsylvania | $8 | $17 | -50% |
| Rhode Island | $7 | $16 | -56% |
| Tennessee | $10 | $19 | -47% |
| Texas | $14 | $20 | -31% |
| Virginia | $11 | $16 | -32% |
| Washington | $7 | $14 | -51% |
| Wisconsin | $8 | $15 | -49% |
*Lemonade also offers renters insurance in Arkansas, Missouri and Washington, D.C.
How do Lemonade’s coverages work for renters?
Lemonade also covers your belongings at their replacement cost. This gives you more protection than a policy that only covers your items at actual cash value, or their value after depreciation.
As far as standard renters insurance coverages go, Lemonade offers all the basics, including:
- Personal property coverage for your belongings.
- Additional living expenses (ALE) if a covered disaster forces you to temporarily relocate.
- Personal liability for injuries or damage you cause to others.
- Guest medical expenses for injuries to a guest visiting your home.
- Scheduled personal property, which enhances your coverage for jewelry and other valuables. Lemonade calls this “extra coverage.”
Your personal property coverage protects items in a storage unit, but only up to $1,000.
Lemonade’s personal liability usually covers injuries your dog causes to someone who doesn’t live with you. However there are exceptions for dogs with a bite history and dogs belonging to a so-called dangerous breed.
Does Lemonade have renters insurance discounts?
Lemonade does not offer very many renters insurance discounts. Like most other companies, Lemonade offers a multi-policy discount for bundling your renters insurance with another policy.
Unfortunately, Lemonade does not have very many other types of insurance to bundle with. It only offers car insurance in seven states. It doesn’t offer umbrella insurance at all. Lemonade does have pet health and term life insurance in almost every state where it offers renters insurance.
Lemonade also offers a discount to renters with security devices like a deadbolt lock or smoke detectors. But that’s about it.
Renters insurance discount comparison
| Discount | Lemonade | State Farm | Allstate | Farmers | Progressive |
|---|---|---|---|---|---|
| Bundling | Yes | Yes | Yes | Yes | Yes |
| Security devices | Yes | Yes | No | No | No |
| Mature renter | No | No | Yes | No | No |
| Paperless | No | No | No | Yes | Yes |
| Advance quote | No | No | No | No | Yes |
| Gated complex | No | No | No | No | Yes |
Does Lemonade offer good car insurance?
For now, it offers pay-per-mile insurance in Arizona, Oregon and Washington. In these states, your rate is based largely on the number of miles you drive. Your rate can change each month.
Lemonade also offers car insurance in Illinois, Ohio, Tennessee and Texas. In these states, Lemonade uses telematics to set your rate. It uses a smartphone app or plug-in device to track your driving. You get a lower rate if you avoid unsafe behaviors like driving too fast and braking too abruptly.
Lemonade’s car insurance also comes with a dose of environmentalism. The company plants trees to offset your vehicle’s carbon emissions. It also gives you a discount for driving an electric or hybrid vehicle.
Lemonade car insurance by state
| State | Type of insurance |
|---|---|
| Arizona | Pay-per-mile |
| Illinois | Telematics |
| Ohio | Telematics |
| Oregon | Pay-per-mile |
| Tennessee | Telematics |
| Texas | Telematics |
| Washington state | Pay-per-mile |
How does Lemonade’s pet health insurance work?
Lemonade’s base plans cover 60% to 90% of your pet’s treatments, after you pay an annual deductible.
A base policy costs about $33 a month. Your actual rate depends on factors like your location and the age and breed of your dog or cat. You can reduce your rate by choosing a higher deductible Your deductible is the amount you pay before insurance funds kick in. or less coinsurance Coinsurance is the percentage of veterinary costs Lemonade covers, after you pay your deductible. .
Adding preventive care to your pet’s policy costs another $15 a month. A preventive package covers 80% of the costs of things like annual visits and vaccines. The coverage is capped at $50 for a wellness visit. Similar limits apply to other preventive services.
What other types of insurance can I get from Lemonade?
Lemonade home and condo insurance
Lemonade’s home and condo policies offer the basic coverages most people need, plus a few valuable add-ons.
The basic coverages protect your home and possessions from common risks like fire, wind and hail. The add-ons include coverage for sewer and drain backups.
Lemonade life insurance
For term life insurance Term life insurance pays a death benefit to your survivors during your policy period, or term. Term life does not offer cash value. , Lemonade sells policies from Banner Life Insurance. Its policy terms range from 15 to 40 years, with death benefits ranging from $100,000 to $5 million.
You can get an initial term life quote on Lemonade’s website. If you like your quote, the system connects you to an agent from Legal & Guardian, Banner’s parent company. Since life insurance is complicated, it’s good to talk to an agent before you buy a policy.