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:
Jan. 02, 2024
Filed:
Mar. 08, 2018
State Farm Mutual Automobile Insurance Company, Bloomington, IL (US);
Ben Kobulnicky, Bloomington, IL (US);
Matthew Floyd, Alpharetta, GA (US);
STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY, Bloomington, IL (US);
Abstract
A computer system for automatically allocating periodic maintenance contributions to a maintenance savings account based upon vehicle telematics data includes a processor and a computer-readable storage medium having instructions stored thereon that, in response to execution by the processor, cause the processor to perform operations including: (i) receiving, from a vehicle, telematics data associated with a vehicle component; (ii) determining a replacement cycle associated with the vehicle component; (iii) determining a replacement cost of the vehicle component; (iv) calculating a plurality of periodic maintenance contributions to a maintenance savings account, the maintenance savings account associated with the vehicle owner and designated to receive the plurality of periodic maintenance contributions; and (v) automatically transferring the plurality of periodic maintenance contributions from a primary account associated with the user to the maintenance savings account.