SYSTEM AND METHOD FOR DETERMINING AN INSURANCE PREMIUM BASED ON COMPLEXITY OF A VEHICLE TRIP
First Claim
1. A computer system for determining an insurance premium, comprising:
- one or more data storage devices storing;
data received from one or more data collection sensors and collected by the one or more data collection sensors while within a vehicle during at least one trip by the vehicle, the received data comprising at least data indicative of changes in orientation of the vehicle during the at least one trip; and
a central processing unit comprising one or more processors, wherein the central processing unit is configured to;
retrieve from the one or more data storage devices at least a portion of the data indicative of changes in orientation of the vehicle received from the one or more data collection sensors;
determine a trip complexity score of the at least one trip based on at least a fractal dimension of a route traversed by the vehicle during the at least one trip derived from the data indicative of changes in orientation of the vehicle received from the one or more data collection sensors;
store the determined trip complexity score;
determine a premium for automobile insurance for the vehicle based at least in part on the determined trip complexity score; and
output the determined automobile insurance premium.
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Abstract
Systems and methods are disclosed herein for pricing an insurance premium based on route complexity. The system includes a computer memory and a processor in communication with the computer memory. The computer memory stores telematics data received from a sensor within a vehicle. The telematics data includes at least one of geo-position information of the vehicle and vehicle kinematics data. The processor is configured to compute a complexity score of the trip based on the telematics data. The processor is also configured to determine a price for automobile insurance for the driver based on the complexity score of the at least one trip.
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Citations
20 Claims
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1. A computer system for determining an insurance premium, comprising:
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one or more data storage devices storing;
data received from one or more data collection sensors and collected by the one or more data collection sensors while within a vehicle during at least one trip by the vehicle, the received data comprising at least data indicative of changes in orientation of the vehicle during the at least one trip; anda central processing unit comprising one or more processors, wherein the central processing unit is configured to; retrieve from the one or more data storage devices at least a portion of the data indicative of changes in orientation of the vehicle received from the one or more data collection sensors; determine a trip complexity score of the at least one trip based on at least a fractal dimension of a route traversed by the vehicle during the at least one trip derived from the data indicative of changes in orientation of the vehicle received from the one or more data collection sensors; store the determined trip complexity score; determine a premium for automobile insurance for the vehicle based at least in part on the determined trip complexity score; and output the determined automobile insurance premium. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. The system for collecting vehicle data and determining an insurance premium, comprising:
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a non-transitory computer-readable medium, the non-transitory computer-readable medium storing processor-executable instructions thereon, which instructions, when executed by a processor of a data collection device, cause the processor of the data collection device to; receive from one or more data collection sensors of the data collection device, data collected by the one or more data collection sensors while within the vehicle during at least one trip by the vehicle, the received data comprising at least data indicative of changes in orientation of the vehicle during the at least one trip; provide at least a portion of the received data to an insurance computing system; and an insurance computing system, comprising; one or more data storage devices configured to store data provided by the data collection device in accordance with the instructions on the non-transitory computer-readable medium; and a central processing unit comprising one or more processors, wherein the central processing unit is configured to; retrieve from the one or more data storage devices at least a portion of the data indicative of changes in orientation of the vehicle received from the data collection device; determine a trip complexity score of the at least one trip based on at least a fractal dimension of a route traversed by the vehicle during the at least one trip derived from the data indicative of changes in orientation of the vehicle received from the data collection device; store the determined trip complexity score; determine a premium for automobile insurance for the vehicle based at least in part on the determined trip complexity score; and output the determined automobile insurance premium. - View Dependent Claims (11, 12, 13, 14, 15)
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16. A computer-implemented method for determining an insurance premium, comprising:
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storing in one or more data storage devices of an insurance computing system;
data received from one or more data collection sensors and collected by the one or more data collection sensors while within a vehicle during at least one trip by the vehicle, the received data comprising at least data indicative of changes in orientation of the vehicle during the at least one trip;retrieving by one or more processors of the insurance computing system from the one or more data storage devices at least a portion of the data indicative of changes in orientation of the vehicle received from the one or more data collection sensors; determining by the one or more processors a trip complexity score of the at least one trip based on at least a fractal dimension of a route traversed by the vehicle during the at least one trip derived from the data indicative of changes in orientation of the vehicle received from the one or more data collection sensors; storing by the one or more processors the determined trip complexity score in one or more data storage devices; determining by the one or more processors a premium for automobile insurance for the vehicle based at least in part on the determined trip complexity score; and outputting by the one or more processors the determined automobile insurance premium. - View Dependent Claims (17, 18, 19, 20)
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Specification