LONDON – Working from home has become the norm for many of us, with a significant number of #people expected to adopt hybrid working practices in the future. In the U.K. alone, it has been reported that working from home has accounted for a 885-million-kilometre reduction in the distance drivers travelled per week. 2
Distance travelled is a key consideration for insurers. #ford now is working with U.K.-based provider By Miles, with the aim of saving money for those no longer making a daily commute and those commuting less. Making use of connected vehicle #data from their vehicles, #ford customers could benefit from a pay-per-drive approach with potential associated savings.
“The way we travel has undergone a huge shift that could well have a long-lasting impact. We want to champion the changing needs of drivers who continue to work from home,” said #markharvey, director, Enterprise Connectivity, #ford of Europe. “Working with #bymiles, we aim to use connected vehicle #data to help deliver a full suite of innovative new products and services for our customers.”
Insurance products that take into account actual – rather than projected – distance travelled often rely on the installation of a plug-in device. For #ford and #bymiles customers, information will instead come directly from the vehicle’s embedded modem, FordPass Connect. No additional device is required. 3
Customers sign up online and the policy is activated by simply accepting a prompt on the in-vehicle screen to share their distance #data. Owners are empowered to manage their vehicle #data sharing and can control who their vehicle #data is shared with and for which purposes.
According to financial review website Finder, 51 per cent of consumers could save £257.97 on their car insurance by getting a policy with #bymiles. 1
“The way insurance used to work may not work for everybody. Whatever the new normal looks like, it’s clear that drivers’ needs are changing quickly – and #people want fairer, more flexible cover that reflects that,” said #jamesblackham, CEO and founder, #bymiles. “We’re delighted that our pay-by-mile #collaboration with #ford will offer drivers a seamless, connected alternative to traditional car insurance.”
The #collaboration with #bymiles, which fully launches later this year, is one of the first of several partnerships to be announced across Europe that will be enabled by Ford’s connected vehicle #technology.
Ford last year made a range of connected vehicle services complimentary for customers across Europe. Ford Power-Up software updates, available to hundreds of thousands of connected #ford vehicles this year – and to 33 million vehicles globally by 2028 – deliver performance and quality updates, as well as new features such as SecuriAlert.