SYSTEMS AND METHODS FOR ANALYZING VEHICLE OPERATION DATA TO FACILITATE INSURANCE POLICY PROCESSING

Patent №

US 8,799,036

Granted

2014-08-05

Filed 2014

Owner

STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY

Lab

AI components

2

vision · kr

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

14202997

Methods and systems for leveraging a plurality of sensor devices distributed in a geographical area to monitor vehicle usage for assessing, pricing, and provisioning distance-based vehicle insurance. One or more sensor devices may capture information associated with a vehicle and communicate the information to an insurance provider. In aspects, the insurance provider may analyze the information to determine a distance that the vehicle travels within a particular time period. Further, the insurance provider may determine a vehicle usage unit based on the distance traveled as well as provide various insurance coverage types to a customer associated with the vehicle. Based on a selected coverage type, the insurance provider may generate an insurance quote for a policy having an amount of the vehicle usage units and may facilitate a purchase transaction with the customer for the insurance policy.

VisionKnowledge representationG06Q 40/08B60C 1/00B60Q 1/00B60R 25/20G06Q 10/0635G06Q 30/0207G06Q 30/0208G06Q 40/00+4 more

AI classification

Vision0.96
Knowledge representation0.72
Planning0.11
AI hardware0.01
Speech0.00
Evolutionary computation0.00
Natural language0.00
Machine learning0.00

Ownership

STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY

assignment · 332780306

Assignors

CHRISTENSEN, SCOTT T., HAYWARD, GREGORY, CIELOCHA, STEVEN, BINION, TODD

On an employer assignment, the assignors are typically the inventors.

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