Methods to Determine a Vehicle Insurance Premium Based on Vehicle Operation Data Collected Via a Mobile Device

• US 20130179198A1
• Filed: 02/08/2013
• Published: 07/11/2013
• Est. Priority Date: 06/29/2011
• Status: Active Grant

• Current Assignee: State Farm Mutual Automobile Insurance Company (State Farm)
• Original Assignee: State Farm Mutual Automobile Insurance Company (State Farm)
• Inventors: Bowne, Benjamin F., Peng, Jufeng "James", Baker, Nicholas R., Marzinzik, Duane Lee, Riley, Matthew Eric Sr., Christopulos, Nick U., Fields, Brian Mark, Wilson, J Lynn, Wilkerson, Bryan T., Thurber, David W.
• Granted Patent: US 10,402,907 B2
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: B60W 40/09 Driving style or behaviour
• CPC Class Codes: G01C 21/3676 Overview of the route on the road map
• CPC Class Codes: G01C 21/3697 Output of additional, non-guidance related information, e.g. low fuel level G01C21/3679 takes precedence
• CPC Class Codes: G01S 19/13 Receivers
• CPC Class Codes: G06Q 10/0639 Performance analysis of employees; Performance analysis of enterprise or organisation operations
• CPC Class Codes: G06Q 10/0833 Tracking
• CPC Class Codes: G06Q 30/0283 Price estimation or determination
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: G07C 5/008 communicating information to a remotely located station transmission systems for measured values G08C
• CPC Class Codes: G07C 5/08 Registering or indicating performance data other than driving, working, idle, or waiting time, with or without registering driving, working, idle or waiting time
• CPC Class Codes: G07C 5/0858 wherein the data carrier is removable
• CPC Class Codes: H04L 67/12 specially adapted for proprietary or special-purpose networking environments, e.g. medical networks, sensor networks, networks in vehicles or remote metering networks
• CPC Class Codes: H04W 4/026 using orientation information, e.g. compass
• CPC Class Codes: H04W 4/40 for vehicles, e.g. vehicle-to-pedestrians [V2P]

Abstract

A method for determining a vehicle insurance premium for a period of time based at least in part on collected vehicle operation data, wherein a remote computer receives the collected vehicle operation data from a mobile device and calculates an insurance premium based at least in part on the collected vehicle operation data. A method for determining a vehicle insurance premium for a period of time based at least in part on collected vehicle operation data, wherein a server receives collected vehicle operation data, a database stores the collected vehicle operation data, and a rating engine determines a vehicle insurance premium based at least in part on collected vehicle operation data.

Claims

1. A method for determining a vehicle insurance premium for a period of time based at least in part on collected vehicle operation data, the method comprising:

receiving at a remote computer the collected vehicle operation data from a mobile device; and

calculating an insurance premium based at least in part on the collected vehicle operation data.

2. A method for determining a vehicle insurance premium as claimed in claim 1, wherein said mobile device is a device selected from smartphone, cell phone, mobile telephone, personal digital assistant (PDA), laptop computer, and tablet-style computer.

3. A method for determining a vehicle insurance premium as claimed in claim 1, wherein the calculating an insurance premium based at least in part on the collected vehicle operation data comprises identifying vehicle operation data that indicates higher property or casualty insurance risk.

4. A method for determining a vehicle insurance premium as claimed in claim 1, further comprising:

transmitting data from the remote processing computer to the mobile device, wherein the data comprises calculated insurance premium information.

5. A method for determining a vehicle insurance premium as claimed in claim 1, wherein said remote computer is a server.

6. A method for determining a vehicle insurance premium as claimed in claim 1, further comprising storing collected vehicle operation data via the remote computer.

7. A method for determining a vehicle insurance premium as claimed in claim 1, wherein said calculating an insurance premium comprises determining a vehicle insurance premium via a rating engine based at least in part on collected vehicle operation data.

8. A method for determining a vehicle insurance premium as claimed in claim 1, wherein the remote computer receives telematics data, processes telematics data, presents telematics data and transforms telematics data, all for insurance rating purposes.

9. A method for determining a vehicle insurance premium as claimed in claim 1, wherein the remote computer comprises a server and a database, wherein the database comprises at least one captured data for a property or casualty rating selected from vehicle information (age, manufacturer, model, value), driver information (age, sex, marital status, driving record, accident history, residence), and insurance information (liability, uninsured motorists, comprehensive, collision, liability limits, deductibles, rebates, discounts), wherein the calculating an insurance premium is further based at least in part on at least one captured data.

10. A method for determining a vehicle insurance premium as claimed in claim 1, wherein the calculating an insurance premium further comprises establishing threshold metrics for driving behaviors, whereby property and casualty premiums are identified to correspond to the driving behaviors.

11. A method for determining a vehicle insurance premium as claimed in claim 1, further comprising:

automatically charging a vehicle operator for a property or casualty premium in real time based on driving behavior.

12. A method for determining a vehicle insurance premium as claimed in claim 1, wherein the receiving at a remote computer the collected vehicle operation data from a mobile device comprises receiving at least one collected vehicle operation data selected from:

device identification;

Bluetooth MAC address;

trip number;

latitude location;

longitude location;

coarse/fine location indicator;

speed;

acceleration in an X direction;

acceleration in a Y direction;

acceleration in a Z direction;

GPS date and time; and

turn indicator and/or GPS accuracy.

13. A method for determining a vehicle insurance premium as claimed in claim 1, wherein the receiving at a remote computer vehicle operation data from a mobile device comprises receiving at least one calculated vehicle operation data selected from:

turn indicator;

lateral G force;

longitudinal G force;

turn radius;

average lateral G force;

average longitudinal G force;

average turn radius;

time change between locations;

longitude G with local gravity;

lateral G with local gravity;

lateral G calculated;

lateral G second derivative; and

/or parallel G slope.

14. A method for determining a vehicle insurance premium for a period of time based at least in part on collected vehicle operation data, the method comprising:

receiving at a remote computer vehicle operation data from a mobile device;

storing the received vehicle operation data via the remote computer;

calculating an insurance premium in real time based at least in part on the stored vehicle operation data; and

transmitting data in real time from the remote computer to the mobile device, wherein the data comprises calculated insurance premium information.

15. A method for determining a vehicle insurance premium as claimed in claim 14, wherein said mobile device is a device selected from smartphone, cell phone, mobile telephone, personal digital assistant (PDA), laptop computer, and tablet-style computer.

16. A method for determining a vehicle insurance premium as claimed in claim 14, wherein the calculating an insurance premium based at least in part on the collected vehicle operation data comprises identifying vehicle operation data that indicates higher property or casualty insurance risk.

17. A method for determining a vehicle insurance premium as claimed in claim 14, wherein said calculating an insurance premium comprises determining a vehicle insurance premium via a rating engine based at least in part on collected vehicle operation data.

18. A method for determining a vehicle insurance premium as claimed in claim 14, wherein the remote computer receives telematics data, processes telematics data, presents telematics data and transforms telematics data, all for insurance rating purposes.

19. A method for determining a vehicle insurance premium as claimed in claim 14, wherein the remote computer comprises a server and a database, wherein the database comprises at least one captured data for a property or casualty rating selected from vehicle information (age, manufacturer, model, value), driver information (age, sex, marital status, driving record, accident history, residence), and insurance information (liability, uninsured motorists, comprehensive, collision, liability limits, deductibles, rebates, discounts), wherein the calculating an insurance premium is further based at least in part on at least one captured data.

20. A method for determining a vehicle insurance premium as claimed in claim 14, wherein the calculating an insurance premium further comprises establishing threshold metrics for driving behaviors, whereby property and casualty premiums are identified to correspond to the driving behaviors.

22. A method for determining a vehicle insurance premium as claimed in claim 14, wherein the receiving at a remote computer the collected vehicle operation data from a mobile device comprises receiving at least one collected vehicle operation data selected from:

device identification;

Bluetooth MAC address;

trip number;

latitude location;

longitude location;

coarse/fine location indicator;

speed;

acceleration in an X direction;

acceleration in a Y direction;

acceleration in a Z direction;

GPS date and time; and

turn indicator and/or GPS accuracy.

23. A method for determining a vehicle insurance premium as claimed in claim 14, wherein the receiving at a remote computer vehicle operation data from a mobile device comprises receiving at least one calculated vehicle operation data selected from:

turn indicator;

lateral G force;

longitudinal G force;

turn radius;

average lateral G force;

average longitudinal G force;

average turn radius;

time change between locations;

longitude G with local gravity;

lateral G with local gravity;

lateral G calculated;

lateral G second derivative; and

/or parallel G slope.