The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jul. 20, 2021
Filed:
Jul. 16, 2019
Allstate Insurance Company, Northbrook, IL (US);
Christine L. Bischoff, La Grange, IL (US);
Dana Ferguson, Chicago, IL (US);
Eric Huls, Chicago, IL (US);
Grady Irey, Des Plaines, IL (US);
William Polisson, Vernon Hills, IL (US);
Caryl M. Styrsky, Wheeling, IL (US);
Ralph Adam Benjamin Tyner, Gurnee, IL (US);
Meg G. Walters, Evanston, IL (US);
Allstate Insurance Company, Northbrook, IL (US);
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.