Lemonade filed for an 11.8% homeowners rate increase in Illinois, effective March 18, 2025 for new business and May 17, 2025 for renewals.

The revision impacts 5,499 policies and $8.4 million in premium, adding nearly $1 million. The filing includes a 10% hike for HO3 and 15% for HO6, with no change to HO4. Lemonade is updating base rates and factors, supported by a quota share and catastrophe excess of loss reinsurance structure. Fast Track data and internal metrics inform the adjustments, while regulators noted a maximum individual policy impact of 22%. This follows a 10.3% increase approved in May 2024.