State Farm launches Drive Safe & Save Connected Car

State Farm is announcing the launch of Drive Safe & Save Connected Car, a new feature designed for customers with connected Ford or Lincoln vehicles.

State Farm customers with eligible 2020 model year and newer connected Ford vehicles can share information directly from their cars with State Farm to enable Drive Safe & Save. The telematics program adjusts premiums to an individual vehicle’s mileage and customer driving behavior.

State Farm will debut Drive Safe & Save Connected Car in Alaska, Idaho, Montana and Oregon, for policies effective on or after Feb. 27, 2022, followed by a rollout across more states (excluding Calif., Mass. and R.I.).

“Customers can better manage their car insurance premium because their rate will be more closely associated with their personal driving characteristics. Drive Safe & Save represents a significant auto discount opportunity, including an initial 10% participation discount off major coverages. Discounts average between 10 and 15%, with even higher discounts possible depending on individual driving behaviors.” – State Farm SVP Property and Casualty Chris Schell.

“Connected vehicles have the potential to deliver great benefits to Ford customers, including the ability to help lower their car insurance premiums through good driving behaviors. We’re excited about State Farm’s approach of using Ford’s built-in connectivity to offer Ford and Lincoln customers new ways to save money. This agreement further builds on our strong and long-standing relationship with State Farm to continue to deliver value for our mutual customers.” – Alex Purdy, director of business operations, Enterprise Connectivity, Ford Motor Company.

Bottom Line: Coverager Research members saw this coming – via our latest innovation report published earlier in the month (page 18).