SYSTEM AND METHOD OF USAGE-BASED INSURANCE WITH LOCATION-ONLY DATA
First Claim
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1. A method comprising:
- receiving location data indicative of geographic locations of a vehicle at certain times, wherein the vehicle is associated with an auto insurance plan;
calculating, based only on the location data, usage statistics for the vehicle; and
determining an insurance discount based on the calculated usage statistics.
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Abstract
Methods and systems for using vehicle-location information to determine vehicle-usage statistics and using the determined vehicle-usage statistics in an assessment of an insurance discount are described in the present disclosure. In an exemplary embodiment, vehicle-usage statistics are determined solely from received location information, without needing to gather additional information.
76 Citations
21 Claims
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1. A method comprising:
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receiving location data indicative of geographic locations of a vehicle at certain times, wherein the vehicle is associated with an auto insurance plan; calculating, based only on the location data, usage statistics for the vehicle; and determining an insurance discount based on the calculated usage statistics. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method for determining usage-based insurance discounts from location-only information, the method comprising:
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an insurance server system receiving location-only information indicative of a series of geographic locations that a vehicle occupied at a series of corresponding times; the insurance server system calculating, from the location-only information, a series of speed and acceleration values for the vehicle during at least one of the series of corresponding times; the insurance server system recognizing, in the calculated series of speed and acceleration values, one or more risk events associated with the vehicle, wherein the insurance server system calculates the series of speed and acceleration values and recognizes the one or more risk events from the location-only information alone without gathering additional vehicle-usage information; and the insurance server system automatically determining the usage-based insurance discounts in accordance with a relative frequency of the recognized risk events associated with the vehicle. - View Dependent Claims (9, 10, 11, 12, 13, 14, 21)
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15. A non-transitory computer readable medium having stored thereon program instructions executable by a processor to cause an insurance server to:
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receive location-only data indicative of geographic locations of a vehicle at certain times, wherein the vehicle is associated with an auto insurance plan; calculate, based only on the location-only data, usage statistics, comprising a series of speed and acceleration values for the vehicle during at least one of the series of corresponding times, wherein the series of speed and acceleration values are calculated from the location-only information alone without gathering additional vehicle-usage information; and determine an insurance discount for the auto insurance plan based on the calculated series of speed and acceleration values. - View Dependent Claims (16, 18, 19, 20)
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17. (canceled)
Specification