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You are here: Home / Archives for Usage-Based Insurance

Insurance Research Council Study Finds Driver Telematics Programs Face Privacy Concerns

December 1, 2022 By CollisionWeek Editor

More U.S. drivers are open to opting into usage-based insurance (UBI) programs to save on their auto insurance premiums, yet more widespread acceptance of telematics programs and UBI remains elusive due to privacy concerns, according to a new study from the Insurance Research Council (IRC), a division of The Institutes. The Insurance Research Council (IRC), […]

Filed Under: News Tagged With: Insurance Research Council, Privacy, Usage-Based Insurance

Ford Partners with CerebrumX on Connected Vehicle Data to Support Usage-Based Insurance in North America

November 17, 2022 By CollisionWeek Editor

CerebrumX Lab Inc., an AI-driven automotive data services & management platform, announced it will incorporate Ford connected vehicle data to support its data-driven usage-based insurance (UBI) as-a-Service model for Insurers. This model offers a quicker and more cost-effective implementation of UBI programs by using embedded telematics for eligible Ford and Lincoln connected vehicles. Usage-based insurance […]

Filed Under: News Tagged With: Agreements Signed, CerebrumX, Ford Motor Company, Telematics, Usage-Based Insurance

USAA to Introduce Crash Detection Technology as Claims and Collision Repair Costs Increase

August 18, 2022 By CollisionWeek Editor

Telematics innovation comes as rising claim volumes and costs seen across the insurance industry. USAA announced it is among the first auto insurance carriers to implement crash detection technology, an innovation that simplifies and expedites the claims process. This technology comes at a critical time as auto accidents have surged past pre-pandemic levels, exacerbating supply […]

Filed Under: News Tagged With: Claim Frequency, Claim Severity, Telematics, USAA, Usage-Based Insurance

Verisk and Ford Partner on Connected Car Data for Auto Insurance in Europe

March 8, 2022 By CollisionWeek Editor

The agreement gives Verisk license to supply connected car data to insurers in the UK, France, Germany, Italy and Spain. Verisk (NASDAQ:VRSK), a global data analytics provider, announced an agreement with Ford Motor Company (NYSE:F). As part of the agreement, Verisk can offer standardized, insurance-ready telematics data from connected Ford vehicles in Europe to assist […]

Filed Under: News Tagged With: Agreements Signed, Europe, Ford Motor Company, France, Germany, Italy, Spain, Telematics, United Kingdom, Usage-Based Insurance, Verisk

State Farm and Ford Announce Usage-Based Insurance Program Debuts in Four States Additional States

February 15, 2022 By CollisionWeek Editor

State Farm and Ford announced the launch of Drive Safe & Save Connected Car for customers with eligible connected Ford or Lincoln vehicles, to benefit from usage-based insurance (UBI). State Farm customers with eligible connected vehicles can opt into the State Farm UBI program, Drive Safe & Save, which adjusts premiums to an individual vehicle’s […]

Filed Under: News Tagged With: Agreements Signed, Ford Motor Company, State Farm, Usage-Based Insurance

Ford Partners with Mile Auto on Pay-Per-Mile Insurance Offering

May 26, 2021 By CollisionWeek Editor

Ford Motor Company is teaming up with Mile Auto, a next-gen insurtech company utilizing computer vision and decision analytics to offer an affordable car insurance option based on mileage to low-mileage drivers. Through Mile Auto’s technology-driven and privacy-centric pay-per-mile approach, Ford owners who drive under 10,000 miles per year could potentially save between 30% and […]

Filed Under: News Tagged With: Agreements Signed, Ford Motor Company, Mile Auto, Telematics, Usage-Based Insurance

Farmers Insurance Launches New CrashAssist Feature Within its Signal App

March 10, 2021 By CollisionWeek Editor

Farmers auto policyholders using the safe driving app will now have access to crash detection and support features including filing a claim. Farmers Insurance announced the launch of CrashAssist, a new feature included within the Signal app that helps connect drivers with emergency services in the event of an accident and offers help in reporting […]

Filed Under: News Tagged With: Farmers Insurance, FNOL, Usage-Based Insurance

Arity and Ford Partnership Enables Efficient Usage-Based Insurance Offerings

February 22, 2021 By CollisionWeek Editor

Arity, a mobility data and analytics company, announced that it is teaming up with Ford Motor Company to enable any participating insurer the ability to deliver simple and secure usage-based insurance (UBI) programs to eligible connected Ford and Lincoln vehicle owners. Usage-based insurance programs give drivers access to personalized driving data directly from the vehicle […]

Filed Under: News Tagged With: Agreements Signed, Arity, Ford Motor Company, Telematics, Usage-Based Insurance

Ford Partners with Verisk to Offer Telematics Data to Insurers

October 13, 2020 By CollisionWeek Editor

Vehicle manufacturer joins the Verisk Data Exchange to enable insurers to deliver usage-based insurance benefits. Verisk (NASDAQ:VRSK), a leading data analytics provider, today announced that Ford Motor Company (NYSE:F) has joined the Verisk Data Exchange. Owners of eligible Ford and Lincoln vehicles will soon have easy access to usage-based insurance programs from the many U.S. […]

Filed Under: News Tagged With: Agreements Signed, Ford Motor Company, Usage-Based Insurance, Verisk

Metromile and Ford Partner on Personalized Car Insurance

September 9, 2020 By CollisionWeek Editor

Metromile announced it is teaming up with Ford Motor Company to provide Ford connected vehicle owners with personalized car insurance to be more affordable and fairer. Ford is Metromile’s first agreement with a major manufacturer, and its models are the most popular domestic make among Metromile customers. Since its launch in 2012, Metromile has used […]

Filed Under: News Tagged With: Agreements Signed, Ford Motor Company, Metromile, Usage-Based Insurance

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