So they increased their loss in a year where a significant amount of people weren’t even driving? What’s the loss going to look like when people are driving again? And honestly, their rates really aren’t that great. Here in Texas, I regularly switch people away from them to traditional auto insurance for less money. Going from them to Allstate’s Milewise program is even more of a savings and it’s a similar type setup. Perhaps they should couple up with Lemonade and lose money together…
The root of the problem may be they are not collecting enough premium or investment gains…
So they increased their loss in a year where a significant amount of people weren’t even driving? What’s the loss going to look like when people are driving again? And honestly, their rates really aren’t that great. Here in Texas, I regularly switch people away from them to traditional auto insurance for less money. Going from them to Allstate’s Milewise program is even more of a savings and it’s a similar type setup. Perhaps they should couple up with Lemonade and lose money together…