“Digital insurance company Lemonade is launching a product for users of Tesla’s advanced driver assistance system, known as Full Self-Driving (Supervised), which the insurer promises will cut per-mile rates by ‘approximately 50%.’

It’s one of the first products geared toward pricing insurance based on how software systems handle driving, and a sign that companies may look to create new lines of business as partial autonomy and true self-driving start to proliferate.

Lemonade said on Wednesday that it is leveraging ‘vehicle telemetry data that was previously unavailable’ thanks to a ‘technical collaboration with Tesla,’ though the insurance company declined to offer more specifics. Lemonade said it would train its own usage-based risk prediction models to determine when a driver is using Full Self-Driving or operating the vehicle themselves, and price accordingly.”

From TechCrunch.