Allstate Corp. struck a deal with Ford Motor Co. that will allow some of the automaker’s customers to share data with the insurer for its program that tracks mileage.
The majority of Ford and Lincoln 2020 model-year vehicles with embedded modems will be able to connect with Allstate’s Milewise program, which is currently in 14 states, according to the insurer. Milewise allows customers to pay for insurance based on the number of miles driven.
Ford has been working with companies including Nationwide Mutual Insurance Co. to connect some newer vehicles with programs that measure how a customer drives and adjust a policy accordingly. For years, insurers have used telematics devices that connect to cars or apps to gather the information. Allstate said it expects data collected directly from vehicles to eventually replace such devices.
“Connected vehicles have the potential to deliver new benefits to Ford customers, including the ability to help lower their insurance premiums,”…