Route Risk Mitigation
First Claim
1. A method, comprising:
- providing vehicle insurance for a vehicle at a cost;
sending, by a location detection unit, a travel route of the vehicle;
receiving, at a telematics device from the location detection unit, a route value for the travel route of the vehicle, wherein the route value is based on at least part of the accident information, wherein the accident information comprises accident loss information; and
adjusting, by the telematics device, the cost of the vehicle insurance for the vehicle based on the route value.
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Accused Products
Abstract
A method is disclosed for mitigating the risks associated with driving by assigning risk values to road segments and using those risk values to select less risky travel routes. Various approaches to helping users mitigate risk are presented. A computing device is configured to generate a database of risk values. That device may receive accident information, geographic information, vehicle information, and other information from one or more data sources and calculate a risk value for the associated road segment. Subsequently, the computing device may provide the associated risk value to other devices. Furthermore, a personal navigation device may receive travel route information and use that information to retrieve risk values for the road segments in the travel route. An insurance company may use this information to determine whether to adjust a quote or premium of an insurance policy. This and other aspects relating to using geographically encoded information to promote and reward risk mitigation are disclosed.
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Citations
20 Claims
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1. A method, comprising:
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providing vehicle insurance for a vehicle at a cost; sending, by a location detection unit, a travel route of the vehicle; receiving, at a telematics device from the location detection unit, a route value for the travel route of the vehicle, wherein the route value is based on at least part of the accident information, wherein the accident information comprises accident loss information; and adjusting, by the telematics device, the cost of the vehicle insurance for the vehicle based on the route value. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A system comprising:
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a vehicle; a location detection unit located in the vehicle and configured to detect locations of the vehicle comprising at least a first location and a second location; a computer processor in communication with the location detection unit; and a computer memory storing instructions that, when executed by the processor, cause the system to; provide vehicle insurance for a vehicle at a cost; receive, from the location detection unit, a travel route of the vehicle; determine, by the computer processor, a route value for the travel route of the vehicle, wherein the route value is based on at least part of the accident information, wherein the accident information comprises accident loss information; and adjust, by the computer processor, the cost of the vehicle insurance for the vehicle based on the route value. - View Dependent Claims (12, 13, 14, 15)
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16. A non-transitory computer-readable medium storing computer-executable instructions that, when executed by a processor, cause a telematics device, to:
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provide vehicle insurance for a vehicle at a cost; receive, from a location detection device, a travel route of the vehicle; determine, by the computer processor, a route value for the travel route of the vehicle, wherein the route value is based on at least part of the accident information, wherein the accident information comprises accident loss information; and adjust, by the computer processor, the cost of the vehicle insurance for the vehicle based on the route value. - View Dependent Claims (17, 18, 19, 20)
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Specification