Ford Motor Company has filed a patent for an automotive insurance management system, Ford Authority has learned.
The patent was filed on December 10th, 2020, published on June 16th, 2022, and assigned serial number 0188935.
The Ford Authority Take
Usage based insurance has grown in popularity over the past several years, and Ford has partnered with a number of insurance companies to offer it. Recently, the automaker has teamed up with the likes of LexisNexis Risk Solutions, By Miles, Nationwide, State Farm, and OCTO Telematics to provide connected vehicle data that determines how safely a driver is operating their vehicle, and then adjust insurance rates accordingly. Now, this new Ford patent aims to take that idea a bit further in terms of how data is collected.
In this Ford patent, the automaker presents an automotive insurance management system that relies on advanced driver-assist systems (ADAS) to collect data on how safely a driver is operating their vehicle, data that is then used to calculate a risk score that can be used to determine insurance premium costs. The vehicle could collect and store this data, then transfer it wirelessly to an insurance company thanks to connected vehicle technology.
This takes existing UBI systems a bit further, incorporating ADAS data into the mix for a more accurate picture of a driver’s behavior. For example, if an ADAS feature is activated while the vehicle is in motion – such as emergency braking or steering assist – the driver’s risk score would go up or down, accordingly. It may seem like an invasion of privacy to some, but for now, UBI is completely voluntary, and drivers must opt-in to have this data collected and in turn receive those custom rates.
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Comments
This too shall be compromised and exploited for something other than what was stated as its original intent. And, the government will be a big part of that. I see Fourth Amendment considerations arising from this.