System and Method for Categorizing Driving Behavior Using Driver Mentoring and/or Monitoring Equipment to Determine an Underwriting Risk

  • US 20090024419A1
  • Filed: 07/17/2007
  • Published: 01/22/2009
  • Est. Priority Date: 07/17/2007
  • Status: Active Grant
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First Claim
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1. A method for determining the cost of vehicle insurance, comprising:

  • determining an initial base cost of vehicle insurance based upon a profile of an insured driver of a vehicle; and

    providing a discount to the initial base cost of the vehicle insurance upon the condition that mentoring equipment is installed in the vehicle.

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