Cookie Consent by Free Privacy Policy website Ford Supports InsureTech Revolution with Insurance Carriers, Ford Insure and Lincoln Motor Company Insure, Using Embedded Telematics to Help Customers Save on Auto Policies
dicembre 22, 2020 - Ford

Ford Supports InsureTech Revolution with Insurance Carriers, Ford Insure and Lincoln Motor Company Insure, Using Embedded Telematics to Help Customers Save on Auto Policies

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  • In the last 12 months, #ford secured agreements with key insurance carriers, including State Farm, Allstate, Liberty Mutual and Metromile to help customers save money on premiums based on driver behavior, utilizing its built-in connectivity technology on eligible vehicles
  • Customers who choose to do so can allow information about how they drive to be shared with their insurance carrier via embedded vehicle telematics, and may be eligible to receive discounts based on how they drive
  • Ford Insure and #lincolnmotorcompany Insure also offer usage-based policies through FordPass and Lincoln Way apps, FordInsure.com and LincolnMotorCompanyInsure.com, utilizing Ford’s connected vehicle ecosystem 

DEARBORN, Mich., Dec. 21, 2020 – Choosing the right #auto insurance policy can be a daunting task for vehicle owners, but what if customers could have confidence that their policy takes their driving behavior into account? If you drive a connected #ford vehicle, the Blue Oval is here to help.

Ford is teaming up with insurance carriers across the U.S. to help customers save money on premiums based on driver behavior, utilizing its built-in connectivity technology on eligible vehicles. In addition, #ford Insure and #lincolnmotorcompany Insure, underwritten by Nationwide, offer a simple way to secure usage-based policies through Ford’s insurance agency subsidiary¹.

Already, #ford has secured agreements with State Farm, Allstate, Liberty Mutual, Metromile and Verisk Data Exchange to support usage-based insurance policies, with more collaborations planned. Several more insurance carriers are under contract and will be announced in the future.

“Connected vehicles present new opportunities for us to help customers save money and improve their experience with #ford products,” said #alexpurdy, director of business operations, enterprise connectivity, #ford Motor Company. “Whether customers are purchasing through #ford Insure or working with another carrier, we are committed to giving them the ability to choose the right option for themselves – and to potentially earn big discounts based on how they drive.”

Owners of eligible #ford vehicles who select usage-based insurance policies and choose to share connected vehicle data about how they drive may qualify for discounts based on that data. Telematics data is shared with insurance carriers through Ford’s embedded modem – now standard on all new vehicles – and enables the carrier to use that information to analyze driving habits and offer potential savings.  

Thanks to these agreements, #ford can help insurance carriers use connected vehicle data – without the need for plug-in devices – to inform their usage-based insurance programs, improve their underwriting process, and pass along driver behavior discounts to those #ford vehicle owners who qualify. For #ford customers, this means that the way they drive can influence how their premiums are calculated. Details and availability of individual usage-based insurance programs from each carrier may vary.

Ford Insure and #lincolnmotorcompany Insure

Connected vehicle data also enables the usage-based insurance products offered through #ford Credit’s insurance agency subsidiary, American Road Services Company. Launched in 2019 with the 2020 #ford Explorer and Lincoln Aviator, these products enhance the #ford and Lincoln customer experience with discounts of up to 40 percent based on driver behavior. Customers with eligible #ford and Lincoln vehicles² can obtain a quote, buy a policy, and bundle their policies through the FordPass or Lincoln Way app, or by visiting fordinsure.com or lincolnmotorcompanyinsure.com.