Method and system for determining automobile insurance rates based on driving abilities of individuals
First Claim
1. A method of determining an automobile insurance rate for a person seeking insurance, comprising:
- verifying an identification of the person;
using a user interfacing device, giving an interactive test to the person, the test being designed to evaluate characteristics indicative of abilities of the person to operate an automobile;
receiving results of the interactive test;
analyzing the results of the interactive test to produce a driving ability rating factor; and
calculating an insurance rate for the person based on the driving ability rating factor.
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Accused Products
Abstract
A method and system for determining an automobile insurance rate for a person by measuring a person'"'"'s ability to perform a task or series of tasks, wherein the measurement correlates to a risk of loss. After the identity of the person seeking insurance is challenged and verified, a user interface device, such as a kiosk or the user'"'"'s computer, is used to render an interactive test that measures, for example, the person'"'"'s dexterity and metal concentration. The test results are collected electronically and analyzed to provide one or more scores based on the abilities of the person to finish the test objectives. The score is used to derive a driving-abilities rate factor based on actuarial methodology and statistical data. The driving-abilities rate factor can then be used in combination with other underwriting factors to determine the automobile insurance rate for that person.
107 Citations
17 Claims
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1. A method of determining an automobile insurance rate for a person seeking insurance, comprising:
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verifying an identification of the person;
using a user interfacing device, giving an interactive test to the person, the test being designed to evaluate characteristics indicative of abilities of the person to operate an automobile;
receiving results of the interactive test;
analyzing the results of the interactive test to produce a driving ability rating factor; and
calculating an insurance rate for the person based on the driving ability rating factor. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A system for determining an automobile insurance rate for a person seeking insurance, comprising:
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a user interface device for presenting an interactive test for evaluating characteristics of the person indicative of abilities of the person to operate an automobile; and
a server connected to the user interface device for receiving results of the interactive test, the server being programmed to analyze the test results to provide a driving ability rating factor and applying the driving ability rating factor to calculate an insurance rate for the person seeking insurance. - View Dependent Claims (9, 10, 11, 12, 13, 14, 15, 16, 17)
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Specification