Ford Pro Insure Expands To Seven States With Pie Insurance Collaboration

Published: Wednesday, July 10, 2024, 21:51 [IST]

Ford Pro Insure, a commercial auto insurance service, is now available in seven states: Maryland, Minnesota, Arizona, Illinois, Indiana, Tennessee, and Wisconsin. This expansion aims to support Ford Pro vehicle fleets. Minnesota is the first state to offer a usage-based insurance option for Ford Pro Insure, which can assist customers with fleet management and cost control.

Ford Pro Insure is part of an ecosystem that includes vehicles, software, charging solutions, service, and financing to enhance productivity for Ford Pro customers. Underwritten by Ford Credit’s insurance subsidiary and powered by Pie Insurance, this coverage aims to provide comprehensive support for small and medium businesses.

Minnesota stands out as the first state where Ford Pro Insure offers two choices: a standard policy or a usage-based policy. The latter leverages data capabilities on new Ford Pro vehicles. "Enrollment in the usage-based policy earns a 10% discount for businesses and allows business owners greater influence over rates as they manage use of their fleets," said Craig Carrington, executive vice president of Ford Pro FinSimple.

Businesses enrolled in Ford Pro Telematics may be eligible for additional discounts. This innovative approach aims to provide more control over insurance costs based on actual vehicle usage.

Ford Pro Insure's availability has now extended to Maryland and Minnesota. "We’re continuing to bring Ford Pro Insure to new states, giving more Ford Pro customers another piece of the puzzle to have the most efficient and productive fleets they can," said Carrington. This move is part of a broader strategy to support small and medium businesses that play a crucial role in the economy.

Pie Insurance specializes in small-business commercial insurance. As managing general agent for Ford Pro Insure customers in Arizona, Illinois, Indiana, Maryland, Tennessee, and Wisconsin, Pie handles sales, distribution, underwriting, servicing, and claims. In Minnesota, coverage is available through fordpro.com/en-us/insurance/, with Pie managing all aspects except distribution.

Customer Feedback

"Ford Pro Insure’s growth is a testament to the demand from business owners for a more data-driven type of auto coverage that also comes with a complete suite of services whenever and wherever they need it," said Dax Craig, co-founder and president of Pie Insurance. Positive feedback from business owners and agency partners motivates continued efforts to make commercial auto insurance affordable and straightforward.

The American Road Insurance Company (TARIC), a subsidiary of Ford Credit underwrites Ford Pro Insure policies. These policies cover commercial vehicles purchased through various channels including Ford Pro. Customers can access this coverage through fordpro.com/en-us/insurance/, pieinsurance.com or affiliated Pie agents.

About Ford Motor Company

Ford Motor Company (NYSE: F), headquartered in Dearborn, Michigan, aims to build a better world where everyone can move freely and pursue their dreams. The company’s growth plan combines existing strengths with new capabilities to enrich customer experiences and deepen loyalty. Through its three segments—Ford Blue (gas-powered and hybrid vehicles), Ford Model e (electric vehicles), and Ford Pro (commercial solutions)—Ford delivers innovative products including trucks, SUVs, vans, cars as well as connected services.

Ford employs approximately 176,000 people worldwide. More information about the company’s products and services can be found at corporate.ford.com.

About Pie Insurance

Pie Insurance uses technology to transform how small businesses purchase commercial insurance by making it affordable and easy. With sophisticated pricing models based on detailed customer segmentation data, Pie matches price with risk accurately across various small business types. Since its inception in 2017, Pie has secured over $615 million in funding and partnered with more than 4,000 agencies nationwide.

This expansion reflects the growing demand for data-driven auto coverage that offers comprehensive services tailored to business needs.