Lemonade seeks 43.8% rate hike for New Jersey homeowners

Lemonade has filed for a rate revision in New Jersey, requesting a 45% increase for HO-3 policies and 40% for HO-6 policies, with an all-forms impact of 43.8%. If approved, the changes will apply to new business starting September 3, 2025, and renewals beginning November 2, 2025.

The filing is currently under state review.

The revision will impact 9,435 policyholders, with the current premium totaling $14,937,235 and an increase of $6,540,318, bringing the new total premium to $21,477,553.