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SYSTEM AND METHOD FOR RECEIVING ACTUAL TELEMATICS DATA FOR A VEHICLE BASED ON DETERMINATION OF AN INITIAL BENEFIT FROM PRELIMINARY TELEMATICS DATA COLLECTED BY A SMARTPHONE

  • US 20150248731A1
  • Filed: 05/18/2015
  • Published: 09/03/2015
  • Est. Priority Date: 05/22/2012
  • Status: Active Grant
First Claim
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1. A computer system for receiving preliminary telematics data for a driver, determining an initial insurance policy benefit for the driver based on the preliminary telematics data, issuing an insurance policy to the driver responsive to receipt of data indicative of an agreement to participate in a telematics program by the driver, receiving data corresponding to actual telematics data, and, when the actual telematics data meets a pre-determined condition, determining a final insurance policy benefit for the driver, the system comprising:

  • a data storage device for storing data indicative of the preliminary telematics data collected by a smartphone associated with a vehicle; and

    a computer processor in communication with the data storage device; and

    a memory, coupled to the computer processor, storing program instructions for execution by the computer processor to;

    receive, before the insurance policy for the vehicle has been issued to the driver, the preliminary telematics data collected by the smartphone associated with the vehicle;

    determine, based on the preliminary telematics data received from the smartphone, the initial insurance policy benefit to be applied upon issuance of the insurance policy;

    responsive to receipt of data indicative of the agreement to participate in the telematics program from the driver, issue the insurance policy to the driver in accordance with the initial insurance policy benefit;

    receive, after the insurance policy for the vehicle has been issued to the driver, data corresponding to the actual telematics data collected after the issuance of the insurance policy by a data collection device within the vehicle, the actual telematics data comprising at least one of geo-position information of the vehicle and vehicle kinematics data for the vehicle;

    determine whether the data corresponding to the actual telematics data meets the pre-determined condition,responsive to a determination that the data corresponding to the actual telematics data meets the pre-determined condition;

    determine, based on the data corresponding to the actual telematics data, the final insurance policy benefit; and

    output an indication of the final insurance policy benefit for the insurance policy.

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