mobile-menu-icon
Ford Authority
Sponsored

Ford Partners With LexisNexis On Data Sharing With U.S. Auto Insurers

Sponsored

Usage-based insurance (UBI) has grown considerably in recent years as drivers look to save money, especially since many are driving fewer miles than ever these days. Ford has already teamed up with AllstateVeriskNationwide, and Liberty Mutual on UBI programs, while a program called Ford Insure is also offered by Ford Credit and powered by Nationwide. Ford recently teamed up with OCTO Telematics to provide more accurate auto insurance risk scores and in turn, more accurate pricing, and that’s the motivating force behind the automaker’s new partnership with LexisNexis Risk Solutions as well.

“We’re excited about this agreement with Ford,” said Adam Hudson, vice president and general manager, U.S. Connected Car, LexisNexis Risk Solutions. “As a trusted steward of data for more than 20 years, LexisNexis Risk Solutions continues to bring the insurance and automotive industries together with market-leading solutions to provide consumers with a better experience during insurance shopping and renewal. We want to continue delivering on our mission of providing unparalleled driving-related insights and benefits to insurers, automakers, and their drivers.”

As part of the agreement, Ford will make the connected vehicle data from the owners of 2020 and up Ford and Lincoln vehicles available to U.S.-based auto insurers through the LexisNexis Telematics Exchange, if the owners opt-in for a UBI insurance program. That data is used to create more personalized insurance offerings and enables insurers to more accurately assess risk and reward drivers for good behavior.

“Ford owners who opt-in to usage-based insurance have the potential to reduce their total cost of vehicle ownership through more personalized insurance offerings and be rewarded for good driving habits,” said Kari Novatney, General Manager, Connectivity Strategy & Partnerships, Ford Motor Company. “LexisNexis Risk Solutions is helping Ford customers more easily pursue the advantages of their vehicle’s connectivity for potential insurance benefits.”

We’ll have more on Ford’s partnership with LexisNexis soon, so be sure and subscribe to Ford Authority for ongoing Ford news coverage.

Sponsored

Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

Subscribe to Ford Authority

For around-the-clock Ford news coverage

We'll send you one email per day with the latest Ford updates.
It's totally free.

Sponsored

Comments

  1. Andrew Sommers

    This is bad news!! Will only give the insurance companies more ammunition to increase rates. Privacy is at stake here and don’t think for one minute that information collected won’t be monetized and profited by either Ford or the insurance companies on the backs of the consumer who will continued to be screwed over!!

    Reply
    1. Rinzler

      Did you read the article? This is an opt-in feature just like the current data sharing features. You don’t have to share this information with Ford or your insurer if you don’t want to.

      Reply
    2. Greggt

      Agree 100%, wonder how much Ford got in kickbacks for allowing this?

      Reply
  2. David Dickinson

    Oh, he\\ no. It’s spyware. I’ve been ridiculing Tesla owners for being dumb enough to pay top $$ for a vehicle that surveils their every move (including where their eyeballs are looking) and now Ford takes a step in that direction. So what if you can “opt out” for now. Down the line, you won’t have a choice. They are boiling the frog slowly. How do you physically remove the objects that are collecting the data so it isn’t physically possible to have the data collected?

    Maaco will get my business if this surveillance garbage on new cars continues. Think about it, the cost of vehicles is stupid expensive and, on top of it, auto companies are going to spy on you and sell off your data.

    Reply

Leave a comment

Cancel
Sponsored