Providing insurance discounts based upon usage of telematics data-based risk mitigation and prevention functionality

A computer-implemented method of updating an auto insurance policy, the method comprising:

• determining, via one or more processors associated with a remote server, whether an insurance customers mobile device has a Telematics Application (“App”) installed thereon, the Telematics App configured to (i) receive telematics data associated with at least one originating vehicle in a broadcast via wireless communication or data transmission, wherein the telematics data includes speed, acceleration, deceleration, location, lane information, time, braking, acceleration, left turn, right turn, heading, GPS (Global Positioning System) speed, GPS latitude and longitude, gyroscope data, battery level, and/or telephone usage information associated with the originating vehicle, or a mobile device traveling within the originating vehicle, (ii) determine a travel event from analysis of the telematics data received, and (iii) generate a corrective action which alleviates the risk of vehicle collision;
• and
• in response to the Telematics app being installed on the insurance customer's mobile device updating or adjusting, via the one or more processors, an insurance policy premium or discount based upon (a) the insurance customer's mobile device having the Telematics App installed, or (b) a percentage of an insured vehicle usage during which the Telematics App is executing on the mobile device, wherein the insured vehicle is distinct from the at least one originating vehicle, to facilitate rewarding risk-averse drivers and encourage usage of risk-mitigation or prevention technology.

A remote server configured to update an auto insurance policy, the remote server comprising one or more processors configured to:

• determine or track whether an insurance customers mobile device has a Telematics Application (“App”) installed thereon, the Telematics App configured to (i) receive telematics data associated with at least one originating vehicle in a broadcast via wireless communication or data transmission, wherein the telematics data includes speed, acceleration, deceleration, location, lane information, time, braking, acceleration, left turn, right turn, heading, GPS (Global Positioning System) speed, GAPS latitude and longitude, gyroscope data, battery level, and/or telephone usage information associated with the originating vehicle, or a mobile device traveling within the originating vehicle, (ii) determine a travel event from analysis of the telematics data received, and (iii) generate a corrective action which alleviates the risk of vehicle collision;
• and
• in response to the Telematics app being installed on the insurance customer's mobile device monitor or track, with the customer's permission, based upon telematics data received by a remote server via wireless communication or data transmission from the insurance customer's mobile device, time-based or mileage-based usage of the Telematics App on the insurance customer's mobile device while the insurance customer is driving an insured vehicle to facilitate rewarding risk-averse drivers and encourage usage of risk-mitigation or prevention technology.