What:
Ford Motor Company and LexisNexis have entered into a strategic agreement so that Ford connected vehicle data can be available to US auto insurers via the LexisNexis Telematics Exchange.
Why:
Ford owners who opt-in to usage-based insurance (UBI) have the potential to reduce their total cost of vehicle ownership through more personalized insurance offerings and be rewarded for good driving habits. LexisNexis is helping Ford customers more easily pursue the advantages of their vehicle’s connectivity for potential insurance benefits.
How:
- Ford and Lincoln customers with an eligible 2020 model year or newer vehicle can opt-in to participate in usage-based insurance programs, which has the potential to save customers money through more personalized insurance offerings.
- LexisNexis ingests and normalizes connected car data through its data platform, the LexisNexis Telematics Exchange, to create driving behavior insights for US insurance carriers. This enables insurers to more accurately segment risk, while providing consumers the opportunity to reduce the overall cost of vehicle ownership by taking advantage of good driving behavior.