INSURANCE RATE OPTIMIZATION THROUGH DRIVER BEHAVIOR MONITORING
First Claim
1. A system of a driver monitoring environment comprising:
- a computer server of the driver monitoring environment;
the computer server including one or more computers having instructions stored thereon that when executed cause the one or more computers;
to determine if a newly insured driver operating a private vehicle is adhering to a set of parameters set by an entity, wherein the entity is at least one of a driving school, an insurance provider, a family member of the newly insured driver, andto assign a credit to the newly insured driver when the newly insured driver adheres to the set of parameters set by the entity using a processor and a memory, wherein the newly insured driver is monitored by the entity,to generate a metadata comprising a behavioral trait of the newly insured driver, andto set an insurance rate through the insurance provider based on an adherence to the set of parameters set by the entity.
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Accused Products
Abstract
Disclosed are a method and/or a system of insurance rate optimization through driver behavior which includes a computer server of the driver monitoring environment to determine if a newly insured driver operating a private vehicle is adhering to a set of parameters set by an entity i.e. a driving school, an insurance provider and/or a family member of the newly insured driver. The system assigns a credit to the newly insured driver when it adheres to the set of parameters. The newly insured driver is monitored by the entity. A metadata is generated which includes a behavioral trait of the newly insured driver and an insurance rate is set through the insurance provider based on an adherence to the set of parameters set by the entity.
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Citations
20 Claims
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1. A system of a driver monitoring environment comprising:
a computer server of the driver monitoring environment; the computer server including one or more computers having instructions stored thereon that when executed cause the one or more computers; to determine if a newly insured driver operating a private vehicle is adhering to a set of parameters set by an entity, wherein the entity is at least one of a driving school, an insurance provider, a family member of the newly insured driver, and to assign a credit to the newly insured driver when the newly insured driver adheres to the set of parameters set by the entity using a processor and a memory, wherein the newly insured driver is monitored by the entity, to generate a metadata comprising a behavioral trait of the newly insured driver, and to set an insurance rate through the insurance provider based on an adherence to the set of parameters set by the entity. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A method comprising:
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creating a competition between students of a driving school; determining if a particular student operating a private vehicle is adhering to a set of parameters set by an entity, wherein the entity is at least one of the driving school, an insurance provider, a parent of the particular student, and a guardian of the particular student; and assigning a credit to the particular student when the particular student adheres to the set of parameters set by the entity using a processor and a memory, wherein the particular student is monitored by the entity; generating a metadata comprising a behavioral trait of the particular student; selecting an advertiser that targets the behavioral trait in promotion of at least one of a product and a service; presenting the advertiser with an advertising opportunity to the particular student operating the private vehicle through a mobile device of the particular student; and setting an insurance policy through the insurance provider based on an adherence to the set of parameters set by the entity. - View Dependent Claims (8, 9, 10, 11, 12, 13)
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14. A method comprising:
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determining if a driver operating a private vehicle is adhering to a set of parameters set by an entity, wherein the entity is at least one of a driving school, an insurance company, a family member of the driver, and an acquaintance of the driver; and assigning a credit to the driver when the driver adheres to the set of parameters set by the entity using a processor and a memory, wherein the driver is monitored by the entity; generating a metadata comprising a behavioral trait of the driver; and setting an insurance policy through the insurance company based on an adherence to the set of parameters set by the entity. - View Dependent Claims (15, 16, 17, 18, 19, 20)
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Specification