New car opt-in to Drive Safe & Save™ provides coaching to become a safer driver as well as discounts.
State Farm® and Ford Team Up on Usage-based Insurance
State Farm® and Ford are excited to announce that they have entered into an agreement to share connected vehicle telematics data for usage-based insurance (UBI) products. State Farm customers with eligible connected Ford vehicles will be able to opt-in to Drive Safe & Save, the voluntary UBI program by State Farm that uses vehicle telematics to match premiums to the number of miles driven and rewards good driving behavior through potential discounts.
Thanks to this agreement, eligible Ford customers will have greater control of their overall vehicle ownership costs, and can benefit from driver coaching provided by State Farm to help improve their driving habits and in turn, reduce their insurance premiums. Eligible 2020 Model Year and newer connected Ford and Lincoln vehicles, with the consent of the vehicle owner, can share information directly with State Farm to enable Drive Safe & Save. The more customers improve their driving behaviors or the fewer miles they drive, the greater the insurance discount they may obtain.
“State Farm and Ford have a decades-long history of working together on vehicle and driver safety initiatives. Working with Ford on our usage-based insurance program is a great example of how we will continue to work together to meet our mutual customers’ needs today and into the future,” said Chris Schell, State Farm Senior Vice President Property & Casualty.
“Connected vehicles have the potential to deliver great benefits to Ford customers, including the ability to help lower their car insurance premiums through usage-based insurance,” said Stuart Taylor, Executive Director Enterprise Connectivity, Ford Motor Company. “We’re excited about State Farm’s approach of using Ford’s built-in connectivity to promote safer driving habits and enable opportunities for our mutual customers to save money. This agreement further builds on our strong relationship with State Farm to continue to deliver value for our mutual customers.”
Drive Safe & Save is not available in California, Massachusetts and Rhode Island, and the app Drive Safe & Save Mobile is not available in New York. Click for details on Drive Safe & Save.
The mission of State Farm is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams. State Farm and its affiliates are the largest providers of auto and home insurance in the United States. Its 19,200 agents and 59,000 employees serve approximately 84 million policies and accounts – over 81 million auto, fire, life, health and commercial policies and over 2 million financial services accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 36 on the 2020 Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com.