Lemonade has filed a 40% overall rate increase for its Rhode Island pet insurance program, affecting 3,098 policyholders and approximately $1.7 million in written premium.

The proposed changes would increase premium by an estimated $689,654. Individual policy impacts range from a 35.6% decrease to a 159.3% increase. The filing reports an indicated rate need of 44.7%.

Lemonade is also replacing its pet policy form and updating its rating manual and order of calculations. Its last rate revision was a 17.2% increase effective August 21, 2024.

Submitted October 2, the filing remains pending, with a proposed January 15, 2027, effective date for renewals.

Bottom Line: Lemonade’s Rhode Island pet book grew from 1,952 to 3,098 policies between August 2024 and its October 2026 filing—roughly 1.5 net policies added per day.