Dynamic auto insurance policy quote creation based on tracked user data
First Claim
1. A computer-implemented method for creating insurance policy quotes for a customer based at least in part on tracked usage data corresponding to property to be insured by an insurance policy, the method comprising:
- receiving, by one or more processors, an insurance policy corresponding to a customer vehicle;
receiving, by the one or more processors, a selection to track usage data corresponding to the customer vehicle, wherein the selection to track usage data includes the selection to track a subset of the usage data corresponding to the customer vehicle;
tracking, by a smartphone computing device, the selected subset of usage data of the customer vehicle;
determining, by the one or more processors, that the insurance policy corresponding to the customer vehicle has expired, wherein the insurance policy is determined to have expired when the selected subset of usage data has been tracked for a certain amount of time since receiving the insurance policy;
receiving, from the smartphone computing device by the one or more processors, the tracked subset of usage data once the insurance policy has been determined to have expired;
using, by the one or more processors, at least the tracked subset of usage data to calculate new insurance policy quotes once the insurance policy has been determined to have expired; and
transmitting the new insurance policy quotes to the client smartphone computing device, wherein the new insurance policy quotes are displayed in a user-interface of the smartphone device.
2 Assignments
0 Petitions
Accused Products
Abstract
A system and method may create auto insurance quotes using data collected from a device that tracks vehicle usage data and other data. Usage data may be tracked by an On Board Diagnostic (OBD) device or other portable computing device such as a smart phone. Based on a received coverage type, the usage data and other data may be analyzed to determine auto insurance quotes. A potential customer may then purchase an auto insurance policy. Once the purchased policy has been determined to have expired, new usage data will be collected, and new quotes will be created for the customer.
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Citations
18 Claims
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1. A computer-implemented method for creating insurance policy quotes for a customer based at least in part on tracked usage data corresponding to property to be insured by an insurance policy, the method comprising:
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receiving, by one or more processors, an insurance policy corresponding to a customer vehicle; receiving, by the one or more processors, a selection to track usage data corresponding to the customer vehicle, wherein the selection to track usage data includes the selection to track a subset of the usage data corresponding to the customer vehicle; tracking, by a smartphone computing device, the selected subset of usage data of the customer vehicle; determining, by the one or more processors, that the insurance policy corresponding to the customer vehicle has expired, wherein the insurance policy is determined to have expired when the selected subset of usage data has been tracked for a certain amount of time since receiving the insurance policy; receiving, from the smartphone computing device by the one or more processors, the tracked subset of usage data once the insurance policy has been determined to have expired; using, by the one or more processors, at least the tracked subset of usage data to calculate new insurance policy quotes once the insurance policy has been determined to have expired; and transmitting the new insurance policy quotes to the client smartphone computing device, wherein the new insurance policy quotes are displayed in a user-interface of the smartphone device. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A dynamic insurance policy system configured to create insurance policy quotes for a customer based at least in part on tracked usage data corresponding to one or more vehicles to be insured by an insurance policy, the system comprising:
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smartphone computing device, a data system server including one or more processors and one or more memories, the memories including instructions executed on the one or more processors to; receive an insurance policy corresponding to the customer vehicle; provide for display, a selectable option to track usage data corresponding to a customer vehicle; receive a selection to track usage data corresponding to the customer vehicle, wherein the selection to track usage data includes the selection to track a subset of the usage data corresponding to the customer vehicle; track, via the smartphone computing device within the customer vehicle, the subset of usage data of the customer vehicle in response to the selection to track the subset of usage data, wherein the subset of usage data is tracked until the insurance policy has been determined to have expired, and wherein the policy is determined to have expired when the subset of usage data has been tracked for a certain amount of time since receiving the insurance policy; receive the tracked usage data corresponding to the customer vehicle and other data corresponding to the customer; use the received tracked subset of usage data and the received other data to calculate new insurance policy quotes once the insurance policy has expired; and transmit the new insurance policy quotes to the smartphone computing device, wherein the new insurance policy quotes are displayed in a user-interface of the smartphone device. - View Dependent Claims (9, 10, 11, 12)
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13. A tangible, non-transitory computer-readable medium including non-transitory computer readable instructions stored thereon for creating insurance policy quotes for a customer based at least in part on tracked usage data corresponding to one or more vehicles to be insured by an insurance policy, the instructions to:
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receive an insurance policy corresponding to a customer vehicle; provide for display, a selectable option to track usage data corresponding to the customer vehicle; receive a selection to track usage data corresponding to the customer vehicle, wherein the selection to track usage data includes the selection to track a subset of the usage data corresponding to the customer vehicle; track, via a smartphone computing device, the subset of usage data of the customer vehicle in response to the selection to track the subset of usage data, wherein the subset of usage data is tracked until the insurance policy has been determined to have expired, and wherein the policy is determined to have expired when the subset of usage data has been tracked for a certain amount of time since receiving the insurance policy; receive the tracked subset of usage data corresponding to the customer vehicle and other data corresponding to the customer; use the received tracked subset of usage data and the received other data to calculate new insurance policy quotes once the insurance policy has expired; and transmit the new insurance policy quotes to the smartphone computing device, wherein the new insurance policy quotes are displayed in a user-interface of the smartphone computing device. - View Dependent Claims (14, 15, 16, 17, 18)
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Specification