Press Releases June 9, 2026 08:00 AM

Lemonade Expands Renters Insurance to North Dakota

Lemonade expands renters insurance availability to North Dakota, enhancing accessibility and affordability.

By Derek Hwang
Share
Twitter Reddit Facebook LinkedIn
LMND

Lemonade announced the launch of its renters insurance product in North Dakota, offering residents a flexible and affordable insurance option through its technology-driven platform. The expansion marks a continued effort to grow its footprint across the United States, providing renters with easy access to coverage starting as low as $5 per month, with rates approximately 30% below the national average.

Lemonade Expands Renters Insurance to North Dakota
LMND
Summarize with
ChatGPT Perplexity Claude Grok Gemini

Key Points

  • Lemonade extends its renters insurance service to North Dakota, increasing its US market coverage.
  • The company offers renters insurance starting at $5 per month, about 30% cheaper than the national average, leveraging a tech-first approach.
  • Lemonade serves over 3 million active customers and uses AI to expedite claims, with 40% handled instantly, improving customer experience.

New York City, NY, June 09, 2026 (GLOBE NEWSWIRE) -- Lemonade (NYSE: LMND), the tech-first insurance company, today announced the availability of its renters insurance in North Dakota. The expansion gives renters across the state a simple, fast way to get coverage that fits their lifestyles.

Lemonade Renters provides flexible coverage options via an app where renters can get quotes, purchase policies, update existing policies, and file claims, all in one place.  About 40% of claims are handled instantly, helping renters receive assistance more quickly after a covered loss.

"North Dakota represents another important step in Lemonade's continued expansion across the United States," said Dan Timsit, Head of Renters Insurance at Lemonade. "Our goal is to make insurance easier to understand, easier to access, and easier to manage. We're excited to offer North Dakota renters a modern alternative to traditional insurance."

Coverage starts at just $5 per month, making it one of the more affordable renters insurance options available. 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. 

Lemonade currently serves more than 3 million active customers and has earned recognition from organizations and publications including Forbes, CNBC, and U.S. News & World Report for its insurance products and customer experience.

About Lemonade

Lemonade's mission is to become the most loved insurance company in the world. As a customer-centric tech company, we created an insurance experience across Renters, Home, Pet, Car, and Life that is smart, instant, and delightful. Our team of 1,200+ Lemonade Makers make it possible for over 3M customers throughout the US, UK and Europe to get coverage instantly, with nearly half of claims paid in a matter of seconds. Powered by AI and social impact, Lemonade is a purpose-built, technology-first insurance carrier. A Certified B-Corp, our commitment to social impact is embedded in every aspect of the company, and our Giveback program, which donates a percentage of leftover premiums to nonprofits selected by our community, has donated over $10M to organizations in need.

Press Inquiries

Lemonade Comms
paul.staats [at] lemonade.com
https://www.lemonade.com/


Risks

  • Expansion into new markets like North Dakota might face competitive pressures from established traditional insurance providers, potentially slowing growth.
  • Dependence on technology and AI for claim processing entails operational risks including system outages or errors that could affect customer satisfaction.
  • Affordability at lower prices could pressure profit margins in a highly competitive insurance sector.

More from Press Releases

DSS, Inc. Withdraws Registration Statement Jun 9, 2026 TEN Ltd. Holds Its Thirty-Third Annual General Meeting of Shareholders Jun 9, 2026 American Airlines to webcast annual meeting of stockholders Jun 9, 2026 Datadog Launches 100+ Capabilities to Help Customers Drive Autonomy and Manage Growing AI and Security Complexity Jun 9, 2026 Decent Holding Inc. Forms Partnership with Taihao Robotics to Launch Real-World Robotics Training Network in China Jun 9, 2026