Route risk mitigation

  • US 10,037,578 B2
  • Filed: 04/27/2015
  • Issued: 07/31/2018
  • Est. Priority Date: 05/10/2007
  • Status: Active Grant
  • ×
    • Pin Icon | RPX Insight
    • Pin
First Claim
Patent Images

1. A method, comprising:

  • at a computing device comprising at least one processor and at least one memory;

    receiving, by the at least one processor, from a location detection unit, information identifying a travel route being traveled by a vehicle in which the computing device is located, wherein the travel route being traveled by the vehicle comprises a first location and a second location detected by the location detection unit as the vehicle travels along the travel route, and wherein the travel route being traveled by the vehicle comprises a plurality of route segments associated with the travel route being traveled by the vehicle;

    retrieving, by the at least one processor, a segment value for each route segment of the plurality of route segments associated with the travel route being traveled by the vehicle, wherein each segment value is determined based on accident information associated with the corresponding route segment, and wherein the accident information associated with the corresponding route segment comprises accident loss information and information identifying a direction of travel at an accident location;

    aggregating, by the at least one processor, the segment values retrieved for each route segment of the plurality of route segments associated with the travel route being traveled by the vehicle to calculate a total route risk value for the travel route being traveled by the vehicle;

    adjusting, by the at least one processor, a cost of a vehicle insurance policy for the vehicle based on a balance of risk points corresponding to a difference between a total risk score associated with the vehicle insurance policy for the vehicle and the total route risk value for the travel route being traveled by the vehicle; and

    based on adjusting the cost of the vehicle insurance policy for the vehicle based on the balance of risk points, sending, by the at least one processor, information identifying the cost of the vehicle insurance policy for the vehicle to a navigation device located in the vehicle while the travel route is being traveled by the vehicle, wherein sending the information identifying the cost of the vehicle insurance policy for the vehicle to the navigation device located in the vehicle causes the navigation device located in the vehicle to display the cost of the vehicle insurance policy for the vehicle while the travel route is being traveled by the vehicle.

View all claims
    ×
    ×

    Thank you for your feedback

    ×
    ×