Risk evaluation based on vehicle operator behavior

US10121205B1 · kind B1 · utility

Assignee

• State Farm Mutual Automobile Insurance Company · US

Inventors

• Kenneth Jason Sanchez · San Francisco, US
• Aaron Scott Chan · San Jose, US
• Matthew Baker · Franklin, US
• Matthew Zettinger · Glen Ellyn, US
• John A. Nepomuceno · Bloomington, US
• Brian Mark Fields · Phoenix, US

Key dates

• Filing date: Jan 8, 2015
• Grant date: Nov 6, 2018
• Expiry date: Jan 8, 2035

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method includes retrieving data about vehicle operator behavior via a computer network, wherein the data about vehicle operator behavior is generated by a motion sensing device adapted to monitor movements of a vehicle operator, and clustering the data about vehicle operator behavior into a plurality of groups of data. The method further includes determining a numerical level of risk corresponding to each of the plurality of groups of data and generating an insurance rate for an insurance product, wherein the insurance rate is consistent with the numerical levels of risk corresponding to each of the plurality of groups of data.