Dynamic auto insurance policy quote creation based on tracked user data
First Claim
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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0 Petitions
Accused Products
Abstract
A system and method may create auto insurance quotes using data collected from a device that tracks vehicle usage data and other data. Usage data may be tracked by an On Board Diagnostic (OBD) device or other portable computing device such as a smart phone. Based on a received coverage type, the usage data and other data may be analyzed to determine auto insurance quotes. A potential customer may then purchase an auto insurance policy. Once the purchased policy has been determined to have expired, new usage data will be collected, and new quotes will be created for the customer.
249 Citations
27 Claims
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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:
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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. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A dynamic insurance policy system configured to create insurance policy quotes for a potential customer based at least in part on tracked usage data corresponding to one or more vehicles to be insured by an insurance policy, the system comprising:
a data system server including one or more processors and one or more memories, the memories including instructions executed on the one or more processors to; provide for display, a selectable option to track usage data corresponding to a potential customer vehicle; receive a selection to track usage data corresponding to the potential customer vehicle; track usage data of one or more potential customer vehicles in response to the selection to track usage data; receive tracked usage data corresponding to the one or more potential customer vehicles and other data corresponding to a potential customer; receive at least one coverage type for the one or more potential customer'"'"'s vehicles; receive a request for insurance policy quotes; create 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; receive a purchase transaction from the potential customer of an insurance policy from the one or more insurance policy quotes; track 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 use at least new tracked usage data to calculate new insurance policy quotes once the purchased insurance policy has expired. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A tangible, non-transitory computer-readable medium including non-transitory computer readable instructions stored thereon for creating insurance policy quotes for a potential customer based at least in part on tracked usage data corresponding to one or more vehicles to be insured by an insurance policy, the instructions to:
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provide for display, a selectable option to track usage data corresponding to a potential customer vehicle; receive a selection to track usage data corresponding to the potential customer vehicle; track usage data of one or more potential customer vehicles in response to the selection to track usage data; receive tracked usage data corresponding to the one or more potential customer vehicles and other data corresponding to a potential customer; receive a coverage type for the one or more potential customer vehicles; receive a request for insurance policy quotes; create 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 usage data and the received other data, wherein each policy quote corresponds to the received coverage type; receive a purchase transaction from the potential customer of an insurance policy from the one or more insurance policy quotes; track 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 use at least new tracked usage data to calculate new insurance policy quotes once the purchased insurance policy has expired. - View Dependent Claims (22, 23, 24, 25, 26, 27)
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Specification