SYSTEM AND METHOD FOR ADMINISTERING A TELEMATICS-ENABLED TEST DRIVE DEALER PROGRAM
First Claim
1. A system for processing vehicle data related to determination of an insurance quote for a vehicle, the system comprising:
- a communications interface configured to;
receive telematics data collected by a telematics data acquisition device, wherein the telematics data acquisition device is configured at a dealership to collect telematics data of a vehicle sold by the dealership, the telematics data indicative of operation of the vehicle subsequent to purchase of the vehicle and for a period of time or a driving distance;
receive vehicle data indicating at least a make and a model of the vehicle sold by the dealership;
receive vehicle owner data related to a purchaser of the vehicle and collected at the dealership;
provide the telematics data, the vehicle data and the vehicle owner data to a business logic processor;
receive an insurance quote from the business logic processor, the insurance quote being for the purchaser and for coverage of the vehicle; and
transmit the insurance quote for the purchaser of the vehicle; and
a business logic processor in communication with the communications interface, the business logic processor configured to;
receive the telematics data, the vehicle data and the vehicle owner data from the communications interface;
determine the insurance quote for the purchaser for the coverage of the vehicle based on at least the received telematics data, the received vehicle data, and the received vehicle owner data; and
access data indicative of one or more conditions associated with a predetermined incentive provided to the purchaser in return for allowing the telematics data acquisition device to collect the telematics data, and determine, based on the received telematics data, whether the one or more conditions have been met.
1 Assignment
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Accused Products
Abstract
Systems and methods are disclosed herein for pricing an insurance premium based on telematics data. The system includes a communications interface and a business logic processor in communications with the communications interface. The communications interface receives telematics data collected by a telematics acquisition device configured at a dealership for collecting telematics data of a vehicle sold by the dealership. The communications interface also receives vehicle data indicating the make and model of the vehicle sold and vehicle owner data related to the purchaser of the vehicle sold. The business logic processor determines an insurance quote for the purchaser based on the received telematics data, vehicle data, and vehicle owner data. The communications interface transmits the insurance quote for the purchaser of the vehicle. The business logic processor also manages a predetermined incentive that is provided to the purchaser in return for allowing the telematics data acquisition device to collect telematics data.
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Citations
34 Claims
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1. A system for processing vehicle data related to determination of an insurance quote for a vehicle, the system comprising:
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a communications interface configured to; receive telematics data collected by a telematics data acquisition device, wherein the telematics data acquisition device is configured at a dealership to collect telematics data of a vehicle sold by the dealership, the telematics data indicative of operation of the vehicle subsequent to purchase of the vehicle and for a period of time or a driving distance; receive vehicle data indicating at least a make and a model of the vehicle sold by the dealership; receive vehicle owner data related to a purchaser of the vehicle and collected at the dealership; provide the telematics data, the vehicle data and the vehicle owner data to a business logic processor; receive an insurance quote from the business logic processor, the insurance quote being for the purchaser and for coverage of the vehicle; and transmit the insurance quote for the purchaser of the vehicle; and a business logic processor in communication with the communications interface, the business logic processor configured to; receive the telematics data, the vehicle data and the vehicle owner data from the communications interface; determine the insurance quote for the purchaser for the coverage of the vehicle based on at least the received telematics data, the received vehicle data, and the received vehicle owner data; and access data indicative of one or more conditions associated with a predetermined incentive provided to the purchaser in return for allowing the telematics data acquisition device to collect the telematics data, and determine, based on the received telematics data, whether the one or more conditions have been met. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A method for processing data relating to determining an insurance quote for a vehicle, the method comprising:
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receiving, by a communications interface, telematics data collected by a telematics data acquisition device, wherein the telematics data acquisition device is configured at a dealership to collect telematics data of a vehicle sold by the dealership, the telematics data indicative of operation of the vehicle subsequent to purchase of the vehicle and for a period of time or a driving distance; receiving, by the communications interface, vehicle data indicating at least a make and a model of the vehicle sold by the dealership; receiving, by the communications interface, vehicle owner data related to a purchaser of the vehicle and collected at the dealership; transmitting, by the communications interface, the telematics data, the vehicle data and the vehicle owner data, to a business logic processor; determining, by the business logic processor, an insurance quote for the purchaser based on the received telematics data, the received vehicle data, and the received vehicle owner data; providing by the business logic processor the insurance quote to the communications interface; transmitting, by the communications interface, the insurance quote for the purchaser of the vehicle; and accessing, by the business logic processor, data indicative of one or more conditions associated with a predetermined incentive provided to the purchaser in return for allowing the telematics data acquisition device to collect telematics data and determining, based on the received telematics data, whether the one or more conditions have been met. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28)
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29. A system for selling insurance for a vehicle, the system comprising:
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a communications interface configured to; receive an indication of whether telematics data is being collected by a telematics data acquisition device, wherein the telematics data acquisition device is configured at a dealership to collect telematics data of a vehicle sold by the dealership; receive vehicle data indicating at least a make and a model of the vehicle sold by the dealership; receive vehicle owner data related to a purchaser of the vehicle and collected at the dealership; and transmit an insurance quote for the purchaser of the vehicle; and a business logic processor in communication with the communications interface, the business logic processor configured to; determine the insurance quote for the purchaser based on at least the indication of whether telematics data is being collected, the received vehicle data, and the received vehicle owner data; and access data indicative of one or more conditions associated with a predetermined incentive provided to the purchaser in return for allowing the telematics data acquisition device to collect the telematics data, and determine, based on the received telematics data, whether the one or more conditions have been met. - View Dependent Claims (30, 31, 32, 33, 34)
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Specification