Allstate Insurance Company

Steven Carl Verney

Edward A Biemer

Grady Irey

Frank Kazas

Aspects of the present disclosure are directed toward systems and methods for using vehicle telematics information to compensate individuals for increases in fuel prices above a guaranteed fuel price. The approaches described herein compensate the individuals based on the difference between a guaranteed fuel price and a comparison fuel price for a coverage period, the distance traveled during the coverage period, and the estimated fuel economy of the vehicle type. A baseline fuel price is determined and used to set a guaranteed price for a coverage period. During the coverage period, a telematics device collects telematics information associated with trips taken in a vehicle. That telematics information is then stored at a data store and used to compensate an individual associated with the vehicle when fuel prices rise during the coverage period to exceed the guaranteed fuel price.

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Wadsworth, IL, United States of America

Steven Carl Verney