VISIBLE INSURANCE

• US 20150324927A1
• Filed: 07/21/2015
• Published: 11/12/2015
• Est. Priority Date: 11/26/2008
• Status: Active Grant

• Current Assignee: Great Lakes Incubator, LLC
• Original Assignee: Great Lakes Incubator, LLC
• Inventors: Collopy, Fred, Nard, Craig Allen, Amin, Himanshu S., Turocy, Gregory, Sharifi Takieh, Seyed Vahid, Murphy, Patrica Sue, Krosky, Ronald Charles, Noonan, David, Narvaez, Gustavo Arnaldo, Asquith, Brian
• Granted Patent: US 9,996,884 B2
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 30/0201 Market modelling; Market analysis; Collecting market data
• CPC Class Codes: G06Q 30/0224 based on user history
• CPC Class Codes: G06Q 30/0251 Targeted advertisements
• CPC Class Codes: G06Q 30/0265 Vehicular advertisement
• CPC Class Codes: G06Q 30/0269 based on user profile or attribute
• CPC Class Codes: G06Q 30/0273 Determination of fees for advertising
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

Real-time insurance rates can be generated and presented to a driver—as the rate changes, the change can be shown through an interface. Different factors can be evaluated and based upon a result of the evaluation, the rate can be determined. The determination can be performed locally at a vehicle as well as by an insurance company. A bidding process can be used where different insurance companies supply rates and a user or automated process selects the rate for use—the selected rate is conveyed upon the interface.

Claims

1. A computer implemented system for rendering insurance information, comprising:

a processor that executes the following computer executable components stored on a storage medium;

an analysis component that evaluates insurance rate information against current vehicle operation by a user; and

a rendering component that renders on a display a real-time insurance rate that is based at least in part on a result of the evaluation.

2. The system of claim 1, further comprising a collection component that obtains the insurance rate information or metadata that pertains to current vehicle operation by the user.

3. The system of claim 2, further comprising a search component that locates an information source, the information source provides at least a portion of the insurance rate information or the metadata that pertains to current vehicle operation by the user obtained by the collection component.

4. The system of claim 1, the analysis component employs at least one regression-based technique to perform at least part of the evaluation.

5. The system of claim 1, the rendering component renders, in addition to the real-time insurance rate, driving feedback information, an indicator showing at least one standard to achieve an insurance rate modification, a status of at least one standard to achieve an insurance rate modification, or a combination thereof.

6. The system of claim 1, further comprising:

an assessment component that appraises at least one contextual factor related to current vehicle operation by the user; and

a calculation component that determines the insurance rate that is rendered based upon an outcome of the appraisal and the evaluation.

7. The system of claim 6, the assessment component functions as part of a cellular telephone, radio frequency identifier, keyfob, or a combination thereof.

8. The system of claim 6, the at least one contextual factor includes a traffic level, a number of passengers in the vehicle, a status of a operator related to engagement of a cellular telephone communication, time of day, weather, history of a neighborhood, intended destination, real-time vehicle condition, or a combination thereof.

9. The system of claim 1, further comprising a personalization component that enables modification of the display, the modification includes information displayed, location of the displayed information, where the interface displays, or a combination thereof.

10. A method for real-time insurance rate calculation, comprising:

evaluating contextual information, driver history information, and real-time driving information that relates to operation of a vehicle, at least a portion of the information is retained upon physical storage; and

calculating a real-time insurance rate based upon a result of the evaluation, the determined rate is presented upon a display viewable to an operator or passenger of a vehicle.

11. The method of claim 10, further comprising presenting the determined rate upon a display of the vehicle.

12. The method of claim 11, further comprising selecting an advertisement to disclose along with the determined rate, the selected advertisement is presented with the determined rate.

13. The method of claim 11, the display is an interactive interface, upon which an operator can engage the interface and be presented information on rationale for the rate, how the operator can improve the rate, how the operator compares against other operators, or a combination thereof.

14. The method of claim 10, further comprising:

identifying an opportunity to provide insurance;

collecting the contextual information, driver history metadata, and real-time driving information, the collection is evaluated and used in calculating the real-time rate; and

supplying the real-time rate.

15. The method of claim 10, further comprising:

determining feedback for suggesting future driving actions for the operator to perform in future driving to lower the insurance rate; and

presenting the feedback.

16. The method of claim 10, the display of the vehicle is physically integrated upon a dashboard of the vehicle, is a heads-up display, is located within the vehicle, or a combination thereof.

18. The device of claim 16, the current driving condition is a function of a safe operation or an unsafe operation of the vehicle, wherein a safe operation is indicated at the first end of the spectrum and the unsafe operation is indicated at the second end of the spectrum.

19. The device of claim 16, the safe operation or the unsafe operation of the vehicle is determined based on vehicle telemetrics, an insurer'"'"'s network, public information sources, or combinations thereof.

20. The device of claim 16 is located within a dashboard of the vehicle.

17. A device, comprising:

a color element that varies in color across a spectrum; and

a variable component that displays at least one color across the spectrum to indicate a current driving condition, the device is located in a driver'"'"'s viewing range during operation of a vehicle.