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:
Oct. 10, 2017
Filed:
Nov. 29, 2011
Douglas D. Schumann, Jr., Wethersfield, CT (US);
Alex M. Carges, West Hartford, CT (US);
Michael Patrick Slattery, Puyallup, WA (US);
Ben J. Lim, South Windsor, CT (US);
Douglas D. Schumann, Jr., Wethersfield, CT (US);
Alex M. Carges, West Hartford, CT (US);
Michael Patrick Slattery, Puyallup, WA (US);
Ben J. Lim, South Windsor, CT (US);
HARTFORD FIRE INSURANCE COMPANY, Hartford, CT (US);
Abstract
Systems and methods are disclosed herein for pricing an insurance premium based on telematics data. The system includes a communications interface and a business logic processor in communications with the communications interface. The communications interface receives telematics data collected by a telematics acquisition device configured at a dealership for collecting telematics data of a vehicle sold by the dealership. The communications interface also receives vehicle data indicating the make and model of the vehicle sold and vehicle owner data related to the purchaser of the vehicle sold. The business logic processor determines an insurance quote for the purchaser based on the received telematics data, vehicle data, and vehicle owner data. The communications interface transmits the insurance quote for the purchaser of the vehicle. The business logic processor also manages a predetermined incentive that is provided to the purchaser in return for allowing the telematics data acquisition device to collect telematics data.