SYSTEMS AND METHODS FOR ANALYZING VEHICLE OPERATION DATA TO FACILITATE INSURANCE POLICY
First Claim
1. A computer-implemented method of offering vehicle insurance for a vehicle, the method comprising:
- receiving, at a first time, a first indication of the vehicle from a first sensor device at a first location;
receiving, at a second time, a second indication of the vehicle from a second sensor device at a second location;
calculating, by a processor, a time period between the first time and the second time;
determining, by the processor, a vehicle usage unit based on the time period; and
providing, to a customer associated with the vehicle, an option to purchase an insurance policy based at least in part on the vehicle usage unit.
2 Assignments
0 Petitions
Accused Products
Abstract
Methods and systems for leveraging a plurality of sensor devices distributed in a geographical area to monitor vehicle usage for assessing, pricing, and provisioning distance-based vehicle insurance. One or more sensor devices may capture information associated with a vehicle and communicate the information to an insurance provider. In aspects, the insurance provider may analyze the information to determine a distance that the vehicle travels within a particular time period. Further, the insurance provider may determine a vehicle usage unit based on the distance traveled as well as provide various insurance coverage types to a customer associated with the vehicle. Based on a selected coverage type, the insurance provider may generate an insurance quote for a policy having an amount of the vehicle usage units and may facilitate a purchase transaction with the customer for the insurance policy.
63 Citations
20 Claims
-
1. A computer-implemented method of offering vehicle insurance for a vehicle, the method comprising:
-
receiving, at a first time, a first indication of the vehicle from a first sensor device at a first location; receiving, at a second time, a second indication of the vehicle from a second sensor device at a second location; calculating, by a processor, a time period between the first time and the second time; determining, by the processor, a vehicle usage unit based on the time period; and providing, to a customer associated with the vehicle, an option to purchase an insurance policy based at least in part on the vehicle usage unit. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
-
-
11. A system for offering vehicle insurance for a vehicle, comprising:
-
a communication module adapted to communicate data; a memory adapted to store non-transitory computer executable instructions; and a processor adapted to interface with the communication module, wherein the processor is configured to execute the non-transitory computer executable instructions to cause the processor to; receive, via the communication module at a first time, a first indication of the vehicle from a first sensor device at a first location, receive, via the communication module at a second time, a second indication of the vehicle from a second sensor device at a second location, calculate a time period between the first time and the second time, determine a vehicle usage unit based on the time period, and provide, to a customer associated with the vehicle, an option to purchase an insurance policy based at least in part on the vehicle usage unit. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
-
Specification