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:
Aug. 08, 2023
Filed:
Nov. 27, 2019
State Farm Mutual Automobile Insurance Company, Bloomington, IL (US);
Brian Mark Fields, Phoenix, AZ (US);
Chien Che Huang, Normal, IL (US);
Mohamed A. Wazeer, Normal, IL (US);
Shawn C. Bennett, Le Roy, IL (US);
Steven C. Cielocha, Bloomington, IL (US);
Ronny S. Bryant, Bloomington, IL (US);
Stephen A. Kohaus, Bloomington, IL (US);
Terry Quakenbush, Bloomington, IL (US);
Richard A. Novak, Plano, TX (US);
Aaron Scott Chan, San Jose, CA (US);
Craig M. Main, Allen, TX (US);
Weixin Wu, Normal, IL (US);
Torri Wollenschlager, Bloomington, IL (US);
Carol Marie Csanda, Hudson, IL (US);
Stacey Gorsuch, Bloomington, IL (US);
Todd Binion, Bloomington, IL (US);
State Farm Mutual Automobile Insurance Company, Bloomington, IL (US);
Abstract
Methods and systems for monitoring use, determining risk, and pricing insurance policies for a vehicle having autonomous or semi-autonomous operation features are provided. According to certain aspects, a computer-implemented method for generating or updating usage-based insurance policies for autonomous or semi-autonomous vehicles may be provided. A request to generate an insurance quote may be received via wireless communication, and with the customer's permission, risk levels associated with intended usage by the customer of an autonomous or semi-autonomous vehicle may be determined. An insurance policy may be adjusted based upon the risk levels and the intended vehicle usage. The insurance policy may then be presented on the customer's mobile device for review and approval. In some aspects, the vehicle may be rented, and the intended vehicle usage is measured in distance or duration of vehicle operation. Insurance discounts may be provided to risk averse vehicle owners based upon low risk levels.