Trip-based vehicle insurance
First Claim
1. A computer-implemented method for offering vehicle insurance for a vehicle, comprising:
- receiving, at one or more processors, a vehicle identifier that identifies the vehicle and a vehicle operator identifier that identifies a vehicle operator;
determining, by one or more processors configured to implement a cost determination routine, a cost per vehicle use unit based at least in part on the vehicle identifier and the vehicle operator identifier, wherein the cost per vehicle use unit comprises a fixed cost per vehicle trip;
generating, by one or more processors configured to implement a policy generation routine, at least one vehicle insurance policy based at least in part on the cost per vehicle use unit;
providing, by one or more processors, an option to purchase the vehicle insurance policy to a customer associated with the vehicle;
receiving, from a GPS unit, location data indicating one or more locations of the vehicle; and
determining, by one or more processors, the occurrence of a vehicle trip based upon the received location data.
2 Assignments
0 Petitions
Accused Products
Abstract
Methods and systems for offering and providing trip-based vehicle insurance are provided. Information is received regarding a vehicle operator and a vehicle, and trip-based insurance policies including quantities of vehicle use units are offered to the customer. Based on selected coverage types, the insurance provider may generate an insurance quote for a policy having an amount of the vehicle use units and may facilitate a purchase transaction with the customer for the insurance policy. Once a policy is selected and purchased, the system and method monitor vehicle use to determine each use of a vehicle use unit. Each vehicle use unit generally corresponds to one vehicle trip, but additional vehicle trip limitations may be added that may result in additional charges when exceeded during the course of a vehicle trip.
49 Citations
20 Claims
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1. A computer-implemented method for offering vehicle insurance for a vehicle, comprising:
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receiving, at one or more processors, a vehicle identifier that identifies the vehicle and a vehicle operator identifier that identifies a vehicle operator; determining, by one or more processors configured to implement a cost determination routine, a cost per vehicle use unit based at least in part on the vehicle identifier and the vehicle operator identifier, wherein the cost per vehicle use unit comprises a fixed cost per vehicle trip; generating, by one or more processors configured to implement a policy generation routine, at least one vehicle insurance policy based at least in part on the cost per vehicle use unit; providing, by one or more processors, an option to purchase the vehicle insurance policy to a customer associated with the vehicle; receiving, from a GPS unit, location data indicating one or more locations of the vehicle; and determining, by one or more processors, the occurrence of a vehicle trip based upon the received location data. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A computer system for offering vehicle insurance for a vehicle, comprising:
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a communication module adapted to communicate data; a GPS unit; a program memory adapted to store non-transitory computer executable instructions; and at least one processor adapted to interface with the communication module, wherein the processor is configured to execute the non-transitory computer executable instructions to cause the computer system to; receive a vehicle identifier that identifies the vehicle and a vehicle operator identifier that identifies a vehicle operator; determine a cost per vehicle use unit based at least in part on the vehicle identifier and the vehicle operator identifier, wherein the cost per vehicle use unit comprises a fixed cost per vehicle trip; generate at least one vehicle insurance policy based at least in part on the cost per vehicle use unit; provide, to a customer associated with the vehicle via the communication module, an option to purchase the vehicle insurance policy to a customer associated with the vehicle; receive, from the GPS unit communicatively connected to the at least one processor, location data indicating one or more locations of the vehicle; and determine the occurrence of a vehicle trip based upon the received location data. - View Dependent Claims (12, 13, 14, 15)
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16. A tangible, non-transitory computer-readable medium storing instructions for offering vehicle insurance for a vehicle that when executed by at least one processor of a computer system cause the computer system to:
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receive a vehicle identifier that identifies the vehicle and a vehicle operator identifier that identifies a vehicle operator; determine a cost per vehicle use unit based at least in part on the vehicle identifier and the vehicle operator identifier, wherein the cost per vehicle use unit comprises a fixed cost per vehicle trip; generate at least one vehicle insurance policy based at least in part on the cost per vehicle use unit; and provide, to a customer associated with the vehicle, an option to purchase the vehicle insurance policy; receive, from a GPS unit communicatively connected to the at least one processor of the computer system, location data indicating one or more locations of the vehicle; and determine the occurrence of a vehicle trip based upon the received location data. - View Dependent Claims (17, 18, 19, 20)
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Specification