Ford is hoping that it will show a total different way of making you feel that car insurance is a most-to-do stuff. The auto company is taking advantage of the data available from connected cars while teaming up with Nationwide to introduce its own take on usage-based insurance.
In the event that you are using one of several 2020 Ford or Lincoln models (like the Mustang you see in the picture above), then you can sign up for a policy that uses the vehicle’s built-in modem to track your driving habits and adjust your rates accordingly with each renewal.
The tech tracks distance, your habit with pedals, idle time and night driving. You’ll get a better deal if you’re a gentle with your driving than when you’re a foot-to-the-floor enthusiast kind of driver.
The companies are promising discounts of up to 40 percent, although that will likely vary. The insurance is available now in 39 states with notable exceptions like New York and Washington, although it should reach other states “over time.”
This is more convenient than other forms of usage-based insurance. You don’t need to buy a separate dongle, and you can sign up through the Ford or Lincoln apps with some of the details already filled in.
The problem, as is often the case, is that you’re trading a degree of privacy for the bargain. While there aren’t indications that Ford or Nationwide will misuse tracking data, the truth remains that you’re sharing your driving patterns with third parties.