Route risk mitigation

  • US 9,865,019 B2
  • Filed: 09/23/2015
  • Issued: 01/09/2018
  • Est. Priority Date: 05/10/2007
  • Status: Active Grant
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First Claim
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1. A system, comprising:

  • a vehicle;

    a location detection device associated with the vehicle and monitoring a current location of the vehicle;

    a telematics device, which is in communication with a location detection device, monitoring consumption of risk units; and

    a computing device comprising;

    the processor configured to execute computer-executable instructions stored in a memory;

    the memory containing computer-executable instructions that, when executed by the processor, cause the computing device to perform steps comprising;

    calculating a route of the vehicle from a start location to an end location;

    calculating a route risk score for the route, wherein vehicle direction through the route is a factor in calculating a route risk score for the route, wherein a road segment of the route has a higher risk score for a vehicle travelling in a first direction and a lower risk score for a vehicle traveling in a second direction, wherein the first direction and second direction are in opposite directions;

    sending the calculated route and the route risk score to an output device, wherein the route risk score indicates safety risk of the route;

    identifying, from location information received via a communication link from the location detection device, a route traveled by the vehicle;

    determining a number of risk units consumed based on the calculated route and route risk score and the route traveled by the vehicle;

    determining a cost of a vehicle insurance policy based on the number of risk units consumed when the vehicle traveled the route;

    comparing total consumed risk units to an estimated number of risk units to be consumed during a policy period; and

    when a difference of the total consumed risk units to the estimated number of risk units to be consumed during the policy period is greater than zero, adjusting one associated with a first cost of the policy period or a second cost associated with a subsequent policy period.

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