Premium Insurance Discount For Ford Owners
Ford, State Farm Collaborate to Offer Auto Insurance Savings Using SYNC In-Car Connectivity System
The nation’s No. 2 automaker and the country’s leading insurer of cars have joined forces to offer lower insurance premiums for drivers.
Using Ford SYNC® technology, State Farm Insurance is expanding its Drive Safe & Save™ program.
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.
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.
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 percent 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 percent, but that could change depending on actual mileage driven, with low-mileage drivers saving up to 40 percent.
“We’re excited to have Ford as a partner in this effort,” said State Farm Senior Vice President Mike Wey. “State Farm is always looking for better ways to serve our customers.”
State Farm’s Drive Safe & Save program for Ford SYNC will initially launch in Utah then roll out to other states.