Ford has announced a new program that aims at lowering the cost of insurance for owners of connected vehicles around the country. The program is called Ford Insure, and Ford says that it helps new vehicle owners determine if they have the right insurance coverage for their new car. Finding out if they have the best coverage requires filling out a form in the FordPass app.
Ford Insure is powered by Nationwide and aims to offer a simple and convenient way to secure usage-based insurance coverage through the Ford Motor Credit Company’s insurance agency. When users log onto the FordPass they click on the insurance tile to fill out the information needed. Customers in 39 states with qualifying 2020 Ford vehicles will able to purchase a policy in minutes.
Ford says that the customers become eligible to save up to 40 percent. The form customers are required to fill out is pre-populated with key vehicle information to make the process as easy and fast as possible. Ford Insure customers consent to be enrolled in the Nationwide SmartRide usage-based insurance program that will share their vehicle connectivity information with Nationwide for their initial six-month policy.
Once customers purchase a policy, the connected vehicle will track and share distance driven, hard braking and accelerating, idle time, and night driving to establish a policy rate for the renewal. The information gathered is shared with Nationwide through the embedded modem inside the vehicle eliminating the need for any app or plug-in device for the Ford vehicle. Customers who opt for the program get access to the standard Accident Forgiveness option and crash repairs using genuine Ford parts.
States where customers can participate include Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Washington, D.C., and other states will be rolled out in the future. Vehicle models that qualify for the insurance program include the 2020 Ford Explorer, Fusion, Mustang, Transit Connect, Escape, Edge, EcoSport, Expedition, F-Series Super Duty, Transit, Ranger and the upcoming all-new 2021 F-150.