Dynamic usage-based policies

Patent metadata

Field	Value
Publication number	US-11068985-B1
Application number	US-201916513162-A
Country	US
Kind code	B1
Filing date	Jul 16, 2019
Priority date	Feb 12, 2016
Publication date	Jul 20, 2021
Grant date	Jul 20, 2021

Abstract

Methods, computer-readable media, systems and apparatuses for determining and implementing dynamic usage-based insurance policies are presented. A cost per day and a cost per mile associated with the dynamic usage-based insurance policy may be determined. The cost per mile may be computed independently for each of a plurality of road segments comprising a trip based on a time of day that the vehicle traveled each road segment, a road type associated with each road segment. The cost per mile of each road segment of the driving trip may further include whether or not hard braking or hard cornering events were encountered during a specified cumulative driving distance that may include, at least a portion, of a plurality of driving trips. The cost per mile for each of the plurality of driving trips may be adjusted once a threshold distance has been traveled by the vehicle based on the number of hard braking events and hard cornering events occurred during that distance.

First claim

The invention claimed is:

1. A system, comprising:
a telematics computing device located within a vehicle and communicatively coupled to a plurality of sensors associated with the vehicle, wherein the telematics computing device comprises:
one or more first processors, and
first memory storing first instructions that, when executed by the one or more first processors, cause the telematics computing device to:
receive, from the plurality of sensors, driving data associated with operation of the vehicle during a first driving trip, wherein the first driving trip is associated with a plurality of segments; and
send, to a server, the driving data; and

the server, wherein the server comprises:
one or more second processors, and
second memory storing second instructions that, when executed by the one or more second processors, cause the server to:
receive, from one or more databases, insurance information associated with one or more of: the vehicle or a driver of the vehicle;
determine, based on the insurance information, a cost for insuring the vehicle;
determine, based on the insurance information, a plurality of rates for calculating the cost for insuring for the vehicle;
receive, from a user associated with the vehicle, a quantity of funds associated with an insurance policy;
store the quantity of funds in a first account;
receive, from the telematics computing device, the driving data;
analyze the driving data; and
after the first driving trip has completed:
determine, for each segment of the plurality of segments of the first driving trip, a corresponding portion of the driving data;
calculate a plurality of costs by determining, for each segment of the plurality of segments and by analyzing the portion of the driving data that corresponds to a particular segment, a segment cost;
cause display of a user interface that indicates each of the plurality of costs by causing display, for each segment of the plurality of segments, of the segment cost;
determine, based on the plurality of costs, a cost of the first driving trip; and
reduce a balance of the first account by the cost of the first driving trip.

2. The system of claim 1 , wherein the driving data comprises indications of one or more of:
location information captured during the first driving trip,
velocity information captured during the first driving trip, or
acceleration information captured during the first driving trip.

3. The system of claim 1 , wherein the first instructions, when executed by the one or more first processors, cause the telematics computing device to send the driving data by sending the driving data periodically.

4. The system of claim 1 , wherein the cost calculated for each of the plurality of segments is based on one or more of:
a time duration of the first driving trip,
a road type of a road traveled during the first driving trip, or
a driving behavior identified during the first driving trip.

5. The system of claim 1 , wherein the first instructions, when executed by the one or more first processors, cause the telematics computing device to:
send the driving data based on determining a completion of the first driving trip.

6. The system of claim 1 , wherein the second instructions, when executed by the one or more second processors, further cause the server to:
receive environmental condition data for the first driving trip, wherein the cost calculated for each of the plurality of segments is based on the environmental condition data.

7. The system of claim 1 , wherein the second instructions, when executed by the one or more second processors, cause the server to analyze the driving data by determining, for the plurality of segments, one or more of:
a time of day that the vehicle traveled each of the plurality of segments,
a first road type upon which the vehicle traveled during each of the plurality of segments, or
whether one or more driving behaviors occurred.

8. The system of claim 1 , wherein the second instructions, when executed by the one or more second processors, cause the server to:
responsive to determining that the balance is below a threshold, initiate a transfer of funds from a payment account to the first account.

9. The system of claim 1 , wherein the driving data indicates night driving.

10. The system of claim 9 , wherein the night driving is identified based on a location of the vehicle and a time when the vehicle was driven.

11. The system of claim 9 , wherein a first cost associated with the night driving is greater than a second cost associated with day driving.

12. The system of claim 1 , further comprising:
a global positioning system, wherein the driving data comprises road information received from the global positioning system.

13. The system of claim 1 , wherein the cost of the first driving trip is based on whether the first driving trip is associated with highway driving.

14. The system of claim 1 , wherein the second instructions, when executed by the one or more second processors, cause the server to:
determine a number of hard braking events, wherein determining the cost of the first driving trip is based on the number of hard braking events.

15. The system of claim 1 , wherein the second instructions, when executed by the one or more second processors, cause the server to reduce the balance of the first account by transferring an amount of funds associated with the first driving trip from the first account to a second account.

16. A system comprising:
a plurality of sensors arranged in a vehicle;
a computing device comprising:
one or more first processors; and
first memory storing first instructions that, when executed by the one or more first processors, cause the computing device to:
receive, from the plurality of sensors, driving data associated with operation of the vehicle during a first driving trip, wherein the first driving trip is associated with a first plurality of different road segments; and
transmit, upon completion of the first driving trip, to a server, and via a wireless communications network, the driving data for the first driving trip; and

the server, wherein the server comprises:
one or more second processors; and
second memory storing second instructions that, when executed by the one or more second processors, cause the server to:
receive, from a database, insurance information associated with the vehicle;
receive, from the computing device, the driving data for the first driving trip;
receive environmental condition data for the first driving trip;
determine, based on the driving data, whether a hard braking event or a hard cornering event occurred during the first driving trip;
determine, based on the insurance information, the driving data, the environmental condition data, whether the hard braking event or the hard cornering event occurred, and on whether a cumulative vehicle mileage traveled parameter satisfies a threshold, a plurality of rates for calculating a cost per road segment for the first plurality of different road segments; and
after the first driving trip has completed:
determining, for each segment of the plurality of segments of the first driving trip, a corresponding portion of the driving data;
calculate a plurality of costs by determining, for each segment of the plurality of segments, based on the plurality of rates, and by analyzing the portion of the driving data that corresponds to a particular segment, a segment cost;
cause display of a user interface that indicates each of the plurality of costs by causing display, for each segment of the plural

Assignees

• Allstate Insurance Co

Inventors

• Bischoff Christine L
• Ferguson Dana
• Huls Eric
• Irey Grady
• Polisson William
• Styrsky Caryl M
• Tyner Ralph Adam Benjamin
• Walters Meg G

Classifications

• G06Q20/14

  specially adapted for billing systems · CPC title

• G06Q20/102

  Bill distribution or payments · CPC title

• G06Q40/04 Primary

  Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange · CPC title

• G06Q20/10

  specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems · CPC title