Detection of users and vehicle usage for variable insurance terms

Patent metadata

Field	Value
Publication number	US-2016189304-A1
Application number	US-201414586783-A
Country	US
Kind code	A1
Filing date	Dec 30, 2014
Priority date	Dec 30, 2014
Publication date	Jun 30, 2016
Grant date	—

Abstract

There are provided systems and methods for detection of users and vehicle usage for variable insurance terms. A user may utilize a vehicle and require an insurance policy for usage of the vehicle. The user may have an existing insurance policy or may require a new insurance policy. Once the user is detected as utilizing the vehicle, usage factors of the vehicle by the user may be communicated to a variable insurance server. Usage factors may include a location of use of the vehicle, speed of travel, a driver history for the user, or other information. The server may determine a new insurance policy for the user or may determine an adjustment to the user's existing insurance policy. Such insurance policy changes may be based on the user, the vehicle, and the user's usage of the vehicle. The user may accept the server's proposal to initiate the change.

First claim

What is claimed is:

1 . A system comprising:
an insurance adjustment module comprising at least one hardware processor that accesses at least one first usage factor of a vehicle by a first user, accesses first user information and current insurance coverage information for the first user with the vehicle, accesses available insurance policy information comprising a plurality of available insurance policies, and determines an adjustment of the current insurance coverage information using the at least one first usage factor, the first user information, and the available insurance policy information; a database, stored to a non-transitory memory, comprising the at least one first usage factor, the first user information, and the available insurance policy information; and a network interface component that receives the at least one first usage factor from a device associated with at least one of the user and the vehicle and communicates the adjustment to the device.

2 . The system of claim 1 , wherein the at least one first usage factor comprises at least one of a location of travel for the vehicle, a speed of travel for the vehicle, a number of passengers in the vehicle, an age of the passengers in the vehicle, a health state of at least one of the first user and the passengers in the vehicle, cargo transported by the vehicle, a driving history of the user, expected repairs during use of the vehicle by the user, theft information for the location of travel for the vehicle, vehicle information for the vehicle, additional drivers of the vehicle associated with the first user, and legal defense requirements for use of the vehicle by the user.

3 . The system of claim 1 , wherein the current insurance coverage information comprises at least one of a current deductible amount, a current property damage coverage amount, a current medical coverage amount, a coverage amount of associated drivers of the vehicle, a limit on personal coverage, a limit on third party coverage, an insured vehicle, and a type of insured vehicle.

4 . The system of claim 1 , wherein a second user owns the vehicle, wherein the current insurance coverage information for the first user with the vehicle comprises no insurance policy for the first user with the vehicle, and wherein the adjustment comprises an offer to activate of a first insurance policy from the plurality of available insurance policies.

5 . The system of claim 4 , wherein the insurance adjustment module further generates an alert to the second user of the adjustment, and wherein the network interface component communicates the alert to a communication device associated with the second user.

6 . The system of claim 4 , wherein the network interface component further receives an acceptance of the offer in the adjustment from one of the first user and the second user associated with the vehicle, and wherein the insurance adjustment module further activates the first insurance policy based on the acceptance.

7 . The system of claim 4 , wherein the network interface component further receives a rejection of the offer in the adjustment from the first user, wherein the insurance adjustment module further determines a second insurance policy from the plurality of available insurance policies for the first user using the at least one first usage factor, the first user information, and the available insurance policy information, and wherein the network interface component further communicates the second insurance policy to the device.

8 . The system of claim 7 , wherein the insurance adjustment module further generates an alert to the second user of the rejection, and wherein the network interface component communicates the alert to a communication device associated with the second user.

9 . The system of claim 4 , wherein the second user rents the vehicle to the first user, and wherein the first insurance policy comprises a rental insurance policy for the vehicle for a time period of rental of the vehicle by the first user.

10 . The system of claim 1 , wherein the adjustment is based on at least one of a location for the vehicle, a driver history of the first user, a first law associated with use the vehicle, a second law associated with the location for the vehicle, and a third law associated with the first user.

11 . The system of claim 1 , wherein the insurance adjustment module determines the adjustment to maximize at least one of an insurance coverage for the first user with the vehicle and a cost savings for payments of the insurance coverage for the first user.

12 . The system of claim 1 , wherein the device communicates the at least one first usage factor to the insurance adjustment module on detection of the first user in the vehicle, wherein the device detects the first user in the vehicle using a short range communication protocol between a communication device for the first user and the device, and wherein the short range communication protocol comprises one of near field communication, radio communication, infrared communication, Bluetooth communication, Bluetooth Low Energy (BLE) communication, LTE Direct communication, and WiFi communication.

13 . The system of claim 1 , wherein the device communicates the at least one first usage factor to the insurance adjustment module on detection of the first user in the vehicle, and wherein the device detects the first user in the vehicle using at least one of a weight sensor in the vehicle, a login of the first user on an onboard computing system, an RFID tag, a radio or infrared communication from a key unit, and a biometric of the first user.

14 . A method comprising:
receiving, by an insurance adjustment module comprising at least one hardware processor, vehicle usage information of a vehicle by a user from a device associated with at least one of the user and the vehicle; accessing, by the insurance adjustment module, user parameters and a first insurance policy for the user from a database stored to a non-transitory memory; accessing, by the insurance adjustment module, insurance policy information for a plurality of insurance policies from the database; determining, by the insurance adjustment module, an insurance policy adjustment to the first insurance policy for the user using on the vehicle usage information, the user parameters, and the insurance policy information; and communicating, via a network interface component, the change to the device.

15 . The method of claim 14 , wherein prior to the receiving, by the insurance adjustment module, the at least one usage factor, the method further comprises:
receiving, by the insurance adjustment module, a request for the insurance policy adjustment; and requesting, by the insurance adjustment module, the vehicle usage information of the vehicle by the user.

16 . The method of claim 14 , wherein the device associated with the at least one of the user and the vehicle comprises one of a communication device for the user, a vehicle console device in the vehicle, and a heads up display device in the vehicle.

17 . The method of claim 16 , wherein the device tracks the vehicle usage information using at least one of a device sensor, an input interface, and a communication module.

18 . The method of claim 14 , wherein the insurance policy adjustment comprises a cancellation of the first insurance policy, and wherein the method further comprises:
receiving, via the network interface component, a first acceptance of the cancellation; determining, by the insurance adjustment module, a second insurance polic

Assignees

• Paypal Inc

Inventors

• Todasco Michael Charles
• Driscoll Dennis Michael
• Cattone Jeremy Leigh
• Menipaz Amit Reuven

Classifications

• G06Q40/08 Primary

  Insurance · CPC title