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.
AI classification
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.