Dynamic auto insurance policy quote creation based on tracked user data

  • US 9,141,996 B2
  • Filed: 03/10/2014
  • Issued: 09/22/2015
  • Est. Priority Date: 03/10/2013
  • Status: Active Grant
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First Claim
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1. A computer-implemented method for creating insurance policy quotes for a potential customer based at least in part on tracked usage data corresponding to property to be insured by an insurance policy, the method comprising:

  • providing for display, by one or more processors, a selectable option to track usage data corresponding to a potential customer vehicle;

    receiving, by the one or more processors, a selection to track usage data corresponding to the potential customer vehicle;

    tracking, by the one or more processors, usage data of the potential customer vehicle in response to the selection to track usage data;

    receiving, by the one or more processors, tracked usage data corresponding to the potential customer vehicle and other data corresponding to a potential customer;

    receiving, by the one or more processors, a coverage type for the one or more potential customer vehicles;

    receiving, by the one or more processors, a request for insurance policy quotes;

    creating, by the one or more processors, one or more insurance policy quotes in response to the received request for insurance policy quotes and based at least in part on the received tracked usage data and the received other data, wherein each policy quote corresponds to the received coverage type;

    receiving, by the one or more processors, a purchase transaction from the potential customer of an insurance policy from the one or more insurance policy quotes;

    tracking, by the one or more processors, usage data until the purchased insurance policy has expired, wherein the policy is determined to have expired when usage data has been tracked for a certain amount of time since the purchase transaction; and

    using, by the one or more processors, at least new tracked usage data to calculate new insurance policy quotes once the purchased insurance policy has expired.

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