Methods and Systems for Providing Vehicle Insurance
First Claim
1. A method for providing insurance comprising:
- permitting a customer to access a retail website;
retrieving intelligently, from said customer through said website, a first limited set of information pertaining to said customer and a vehicle of said customer;
determining, from said first limited set of information, a first insurance rate corresponding to a first insurance policy from a first insurer and a second insurance rate corresponding to a second insurance policy from a second insurer, wherein said first and second rates are determined without intermediately consulting said first and second insurers;
evaluating which of said first and second rates is preferable to said customer to determine a preferred insurance policy;
displaying information corresponding to said preferred insurance policy to said customer; and
providing an option to said customer to purchase said preferred insurance policy.
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Accused Products
Abstract
According to certain embodiments of the present invention, a method is provided for providing insurance including: permitting a customer to access a retail website; retrieving intelligently, from the customer through the website, a first limited set of information pertaining to the customer and a vehicle of the customer; determining, from the first limited set of information, a first insurance rate corresponding to a first insurance policy from a first insurer and a second insurance rate corresponding to a second insurance policy from a second insurer, wherein the first and second rates are determined without intermediately consulting the first and second insurers; evaluating which of the first and second rates is preferable to the customer to determine a preferred insurance policy; displaying information corresponding to the preferred insurance policy to the customer; and providing an option to the customer to purchase the preferred insurance policy. According to an embodiment, the method further includes retrieving intelligently, from the customer through the website, a second limited set of information pertaining to the customer and a vehicle of the customer when the customer opts to purchase the preferred insurance policy. According to an embodiment, the method further includes communicating substantially immediately, to the user, legally binding documents for the preferred insurance policy after the user purchases the preferred insurance policy to form a purchased insurance policy.
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Citations
20 Claims
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1. A method for providing insurance comprising:
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permitting a customer to access a retail website; retrieving intelligently, from said customer through said website, a first limited set of information pertaining to said customer and a vehicle of said customer; determining, from said first limited set of information, a first insurance rate corresponding to a first insurance policy from a first insurer and a second insurance rate corresponding to a second insurance policy from a second insurer, wherein said first and second rates are determined without intermediately consulting said first and second insurers; evaluating which of said first and second rates is preferable to said customer to determine a preferred insurance policy; displaying information corresponding to said preferred insurance policy to said customer; and providing an option to said customer to purchase said preferred insurance policy. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A virtual agency for facilitating insurance transactions comprising, the virtual agency comprising:
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an interface for allowing customer interaction; a back-end for facilitating computation of a plurality of insurance rates from a corresponding plurality of insurers; and a quote wizard for intelligently retrieving a first limited set of information from said customer corresponding to personal and vehicle information of said customer, wherein said quote wizard communicates said first limited set of information to said back-end, wherein said back-end generates a preferred insurance rate from said plurality of insurance rates for display to said customer through said interface. - View Dependent Claims (12, 13, 14, 15)
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16. A system for providing vehicle insurance comprising:
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a customer; a first limited set of information corresponding to said customer, and a vehicle of said customer; a plurality of insurers; a plurality of insurance rates corresponding to said plurality of insurers; and a virtual agency representing said plurality of insurers to said customer, wherein said virtual agency automatically calculates said plurality of insurance rates, and wherein said virtual agency automatically selects a preferred insurance rate from said plurality of insurance rates, and wherein said virtual agency executes and communicates insurance policy documents to said customer without any further interaction from a human and a selected one of said plurality of insurers to form a legally binding insurance policy. - View Dependent Claims (17, 18, 19, 20)
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Specification