Ford, State Farm team up to offer auto insurance using in-car telematics

On Wednesday, Ford and State Farm insurance announced a collaboration to offer auto insurance using Ford SYNC In-Car technology.


According to Ford, this technology could save drivers up to 40% per year through the State Farm Drive Safe & Save insurance discount program depending on their annual mileage. The discount is based on the vehicle odometer reading that is reported when the driver uses Vehicle Health Report, a standard feature of SYNC.



On Wednesday, Ford and State Farm insurance announced a collaboration to offer auto insurance using Ford SYNC In-Car technology.


According to Ford, this technology could save drivers up to 40% per year through the State Farm Drive Safe & Save insurance discount program depending on their annual mileage. The discount is based on the vehicle odometer reading that is reported when the driver uses Vehicle Health Report, a standard feature of SYNC.


The program allows State Farm customers with select SYNC-equipped Ford Motor Company vehicles to reduce their auto insurance premiums by using the Vehicle Health Report feature to report their mileage, says Ford (Dearborn, Mich., USA).


The magnitude of the savings will be determined by the number of miles they drive. Those choosing to enroll in the program will initially save about 5% on their auto insurance coverage. The amount of premium savings will be determined at each renewal date (every six months) based on the number of miles driven during that period. Those driving the national average of 1,000 miles per month will typically save around 10%, but that could change depending on actual mileage driven, with low-mileage drivers saving up to 40%, according to Ford.


Ford SYNC is an in-car connectivity system that provides drivers with the ability to voice command and control their mobile devices, like cell phones and MP3 players, and provides services such as 911 Assist, an emergency calling feature, and Vehicle Health Report.


Vehicle Health Report is a standard, no-subscription feature that allows owners to request a diagnostic report about their vehicle’s performance and maintenance needs, says Ford. Since Vehicle Health Report pulls the odometer reading directly from the engine computer, the mileage from the report is considered verified and can be shared with State Farm representatives to qualify the vehicle for Drive Safe & Save.


State Farm’s Drive Safe & Save program for Ford SYNC will initially launch in Utah then roll out to other states.