Ford and State Farm have struck a new partnership that can help you save money on car insurance and reduce insurance rates and overall vehicle ownership costs.
After a one-year pilot program, the two companies determined that drivers insured by State Farm saved up to 20 percent when they drove vehicles equipped with the Ford Co-Pilot360™ suite of advanced safety features, which now comes as standard equipment on many new Ford vehicles.
The technology, which is capable of automatically braking for cars and pedestrians to avoid a frontal collision, gave Ford and State Farm better insight into the driving habits of Ford owners. This information, which the automaker calls Vehicle Build Data, gives State Farm a comprehensive understanding of how advanced driver assistance systems impact claims, such as how often they occur and how severe they are.
“Our new build data API piloted with State Farm is another way we’re using data to help our customers get the most out of their Ford, at a lower total cost of ownership,” said Tim Meek, digital insurance manager for Ford.
Ford and State Farm plan to roll out the program to Ford, Lincoln, and even Mercury vehicles going as far back as the 2010 model year so that even second and third owners can benefit from reduced insurance rates.