Liberty Mutual teams up with Ford to offer usage-based insurance
Liberty Mutual Insurance has partnered with Ford to bring usage-based insurance to connected vehicles.
The new agreement is part of Liberty Mutual's broader mobility initiative to bring new technologies to the insurance experience. The insurer will offer a seamless process that will enable the evaluation of a customer's driving behavior through FordPass Connect eliminating the need for a plug-in device.
Liberty Mutual's diverse telematics programmes help customers save on auto insurance based on their driving habits. With connected vehicles, Liberty Mutual aims to further streamline the insurance evaluation process, making it easier for customers to help save on their auto insurance with customised pricing.
"At Liberty Mutual, we are always looking to provide innovative, new solutions to meet and exceed our customers' evolving insurance needs. We're excited to extend our work with Ford to leverage its leading connected car platform to bring this technology to more drivers and put our customers in the driver's seat of their own insurance experience," said Nicholas Grant, vice president and manager, product technology solutions, at Liberty Mutual Insurance.
Kara Shipulski, vice president, Strategic Partnerships Group, added: "Liberty is committed to deep partnerships across mobility partners including many OEMs to support their customers' insurance needs of today and in the future."
Kari Novatney, COO of FordPass, said: "Connected vehicles have the potential to deliver great benefits to Ford customers, including the ability to help lower their car insurance premiums. Liberty Mutual's program is an excellent example of what connected vehicles can offer, and using data to help people save money is another way Ford is committed to improving the customer experience."
