"Lemonade says it's convinced that Tesla's FSD software reduce crash risk significantly compared to a human driver behind the wheel. Lemonade's new partnership with Tesla provides the insurer with vehicle telemetry data which helps Lemonade to feed its risk prediction models. This includes the ability to distinguish when FSD is enabled and predict risk based on sensor precision as well as the version of FSD installed in the car. This "cuts per-mile rates for FSD-engaged driving by approximately 50%," according to Lemonade."
"(Lemonade charges a variable per-mile fee for its car insurance, on top of a base rate.) Teslas driven with FSD are involved in far fewer accidents, said Shai Wininger, Lemonade's co-founder and president, in a statement on Wednesday. By connecting to the Tesla onboard computer, our models are able to ingest incredibly nuanced sensor data that lets us price our insurance with higher precision than ever bef"
Lemonade is offering Tesla owners a 50% discount on insurance when Tesla's Full Self-Driving (FSD) is used for driving. The discount applies to per-mile rates for FSD-engaged driving and supplements a base policy rate, reducing per-mile charges by approximately 50%. Lemonade's partnership with Tesla gives access to vehicle telemetry, allowing models to detect when FSD is enabled, determine sensor precision, and identify FSD software version. Lemonade uses that telemetry to feed risk-prediction models and assess that Teslas driven with FSD are involved in far fewer accidents. The program requires telemetry sharing and supervised FSD usage to qualify for the discounted rate.
Read at insideevs.com
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