Mike, yes, there is a menu like that in my 2021 F150 and I turned off most of it. I think I left the Nav stuff on, although I should probably shut that down too, because I use my iPhone for navigation, which is better than the OE system, and it's one less app I have to learn to use.
I don't recall an option for "Insurance related data." I better check that. That might have been added on vehicles newer than mine.
However, if there is a fuse for the transmitter, that would be even better, because then a reset to factory defaults won't accidentally or intentionally reenable data sharing.