Digital insurer Lemonade has expanded availability of its renters insurance into Vermont and Maine.
They become the 43rd and 44th states where Lemonade offers renters insurance.
Lemonade lets renters use an app to obtain quotes, purchase policies, update existing policies, and file claims.
“We built Lemonade to cut through the complexity that makes traditional insurance painful. We offer simple quotes, instant claims, and rates that don’t break the bank,” said Dan Timsit, head of renters insurance at Lemonade.
Coverage starts at $5 per month. Based on company and industry data, Lemonade’s renters insurance rates are approximately 30% lower than the national average.
Customers may also be eligible for additional savings through policy bundling, having qualifying home safety devices, or choosing annual billing.
The New York-based insurer officially launched its first policies—rentals and homeowners insurance—in New York in September 2016. It was the first digital-focused insurer.
Lemonade reported a first-quarter 2026 net loss of about $35.8 million compared with a loss of about $62.4 million during the same time in 2025. However, the company said its topline growth was positive, with a 159% increase in year-to-year gross profit to about $100 million, and 32% growth of in-force premium (IFP) to about $1.3 billion. Revenue jumped 71% compared with Q1 2025 to $258 million.
A certified B-corporation, Lemonade donates a percentage of leftover premiums to nonprofits.
Topics Trends New Markets Maine
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