SYSTEM AND METHOD FOR COMPUTING AND SCORING THE COMPLEXITY OF A VEHICLE TRIP USING GEO-SPATIAL INFORMATION

  • US 20130046559A1
  • Filed: 08/19/2011
  • Published: 02/21/2013
  • Est. Priority Date: 08/19/2011
  • Status: Active Grant
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First Claim
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1. A system for pricing an insurance premium based on route complexity, the system comprising:

  • a computer memory for storing telematics data received from a sensor within a vehicle during at least one trip, the telematics data comprising at least one of geo-position information of the vehicle and vehicle kinematics data; and

    a processor in communication with the memory, wherein the processor is configured for;

    retrieving information related to an automobile insurance policy;

    retrieving at least a portion of the stored telematics data from the computer memory;

    computing a complexity score of the at least one trip based on at least a two dimensional representation of the route traversed by the vehicle during the trip derived from the retrieved telematics data;

    storing the computed complexity score;

    calculating a price adjustment for a premium for the automobile insurance policy based on the retrieved information related to the policy and the complexity score of the at least one trip;

    applying the price adjustment to the insurance premium; and

    outputting the adjusted price for the premium for the automobile insurance policy.

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