Ford expects privacy for discounted car insurance
Published : Sunday, 23 February, 2020 at 4:36 PM Count : 169
Ford thinks it has a way of making car insurance more appealing: taking advantage of data available from connected cars. It is working together nationwide to launch its own initiative to receive use-based insurance.
If you have one of the 2020 Ford or Lincoln models (as you see above Mustang), you can sign up to a policy that uses the vehicle’s built-in modem to track your driving habits and adjust your rates accordingly with each renewal.
The technology tracks distances, your aggression with pedals, lazy time, and night driving. If you are a gentle traveler in other words not a foot-to-floor enthusiast, you will get a better deal.
Firms are promising a discount of up to 40 percent, though the likelihood will be different. Insurance supplies are now available in 39 states, with significant exceptions like New York and Washington, though it should be reached in other states at other times.
It is more convenient than other forms of use-based insurance.
You do not need to buy a separate Dingle, and you can sign up with Ford or Lincoln applications with some details already filled in most cases, the problem is that you have been trading a bit of privacy with no indication that you will abuse Ford or Nationwide tracking data.
Yet the fact is that you are sharing your driving patterns with a third party.-Internet