Ford Credit Rolls Out Discount Car Insurance Program
Ford Motor Credit has launched Ford Insure, a new program underwritten by Nationwide and designed to offer car buyers auto insurance at rates discounted by as much as 40%.
Ford Credit has launched Ford Insure, a new mobile app-facilitated consumer auto insurance program.
DETROIT — Ford Motor Credit Co. has launched Ford Insure, a new consumer car insurance product underwritten by Nationwide Mutual Insurance and accessible through the FordPass mobile app.
The new offering has yet to be officially announced by the provider but is detailed on the Ford Credit website. The program is active in 32 states and the District of Columbia and available to buyers of any 2020-MY Ford, excluding the F-150 pickup.
Customers get a 10% premium discount “just for signing up” and can expect a final discount — based on mileage and safe driving behavior measured during the first four to six months of coverage — of up to 40%.
No mention is made of opting in at delivery, and it is unclear whether Ford Insure will rely solely on a director-to-consumer sales model.
Read: Report: Customers Want to Buy Insurance at the Dealership
More Auto Finance
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Cars a Tad More Affordable
May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
Read More →
First-Quarter Sees Long Auto Loan Growth
Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
Read More →
Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Auto Lenders, Consumers on a Tightrope
April borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.
Read More →
Toyota Financial Services President Replaced
Scott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.
Read More →