Systems and methods for analyzing vehicle operation data to facilitate insurance policy processing
US8799036B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Mar 10, 2014 |
| Grant date | Aug 5, 2014 |
| Priority date | — |
| Expiry date | Mar 10, 2034 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG08G1/096838
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Methods and systems for leveraging a plurality of sensor devices distributed in a geographical area to monitor vehicle usage for assessing, pricing, and provisioning distance-based vehicle insurance. One or more sensor devices may capture information associated with a vehicle and communicate the information to an insurance provider. In aspects, the insurance provider may analyze the information to determine a distance that the vehicle travels within a particular time period. Further, the insurance provider may determine a vehicle usage unit based on the distance traveled as well as provide various insurance coverage types to a customer associated with the vehicle. Based on a selected coverage type, the insurance provider may generate an insurance quote for a policy having an amount of the vehicle usage units and may facilitate a purchase transaction with the customer for the insurance policy.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.