State Farm And Ford Partner On Usage-Based Insurance

State Farm and Ford announced 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 usage-based insurance (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.