Autonomous vehicle insurance based upon usage

US10915965B1 · kind B1 · utility

Assignee

• State Farm Mutual Automobile Insurance Company · US

Inventors

• Brian Mark Fields · Phoenix, US
• Chien Che Huang · Normal, US
• Mohamed A. Wazeer · Normal, US
• Shawn C. Bennett · Le Roy, US
• Steven C. Cielocha · Bloomington, US
• Ronny S. Bryant · Bloomington, US
• Stephen Kohaus · Normal, US
• Terry Quakenbush · Bloomington, US
• Richard A. Novak · Bloomington, US
• Aaron Scott Chan · San Jose, US
• Craig M. Main · Allen, US
• Weixin Wu · Seattle, US
• Torri Wollenschlager · Bloomington, US
• Carol Marie Csanda · Hudson, US
• Stacey Gorsuch · Bloomington, US
• Todd Binion · Bloomington, US

Key dates

• Filing date: Nov 6, 2015
• Grant date: Feb 9, 2021
• Expiry date: Jan 22, 2037

Classification

• Technology area (CPC B): Performing Operations; Transporting
• CPC primary: B60W2900/00
• WIPO field: Transport
• WIPO sector: Mechanical engineering

Abstract

Methods and systems for monitoring use, determining risk, and pricing insurance policies for a vehicle having autonomous or semi-autonomous operation features are provided. According to certain aspects, a computer-implemented method for generating or updating usage-based insurance policies for autonomous or semi-autonomous vehicles may be provided. A request to generate an insurance quote may be received via wireless communication, and with the customer's permission, risk levels associated with intended usage by the customer of an autonomous or semi-autonomous vehicle may be determined. An insurance policy may be adjusted based upon the risk levels and the intended vehicle usage. The insurance policy may then be presented on the customer's mobile device for review and approval. In some aspects, the vehicle may be rented, and the intended vehicle usage is measured in distance or duration of vehicle operation. Insurance discounts may be provided to risk averse vehicle owners based upon low risk levels.