Systems and methods for adjusting premium rate based on usage

A method, comprising:

• receiving, via at least one processor, a first driving behavior score, wherein the first driving behavior score is associated with an applicant and corresponds to a first driving behavior data of the applicant, wherein the first driving behavior data is acquired over a first period of time;
• monitoring one or more properties related to one or more operations of a vehicle in real-time via one or more sensors of a vehicle system, wherein the one or more properties comprise an amount of time that a device is in use while driving the vehicle;
• receiving, via the at least one processor, a set of data comprising the one or more properties, wherein the set of data is indicative of a second driving behavior data of the applicant acquired over a second period of time, wherein the second driving behavior data comprises data indicative of a driving behavior of the applicant;
• determine a second driving behavior score that corresponds to the second driving behavior data based on the amount of time that the device is in use while driving the vehicle, a first quantity of phone calls using a handheld mode of the device while driving the vehicle and a respective first duration of each of the first quantity of phone calls, a second quantity of phone calls using a hands-free mode of the device while driving the vehicle and a respective second duration of each of the second quantity of phone calls, and a braking style of the vehicle;
• determining, via the at least one processor, if the second driving behavior data of the applicant corresponds to the first driving behavior score;
• and
• in response to determining that the second driving behavior data of the applicant does not correspond to the first driving behavior score:
• determining, via the at least one processor, that a renewal period for a premium rate for the applicant is within a threshold amount of time, wherein the premium rate comprises a fixed base rate and a vehicle rate, wherein the fixed base rate is determined based on a risk value associated with the second driving behavior data, and wherein the vehicle rate comprises a fixed vehicle base rate and a vehicle per mile rate, wherein the vehicle rate is determined based on an additional risk value associated with a type of the vehicle;
• locking, via the at least one processor, the second driving behavior score as a driving behavior score to be used to determine a premium rate discount in response to determining that the renewal period is within the threshold amount of time;
• determining the premium rate discount based on the second driving behavior score, wherein the premium rate discount is configured to discount a portion of the premium rate for the applicant;
• sending, via the at least one processor, a notification configured to cause display of a visualization comprising the premium rate discount and the premium rate on a display coupled to the vehicle;
• determining a real-time update of the second driving behavior score and the premium rate discount;
• and
• updating the visualization with the real-time update of the second driving behavior score and the premium rate discount while the vehicle is being driven.

A non-transitory computer-readable medium comprising computer-executable instructions that, when executed, are configured to cause at least one processor to perform operations comprising:

• receiving a first driving behavior score, wherein the first driving behavior score is associated with an applicant and corresponds to a first driving behavior data of the applicant, wherein the first driving behavior data was acquired over a first period of time;
• monitoring one or more properties related to one or more operations of a vehicle in real-time via one or more sensors of a vehicle system, wherein the one or more properties comprise an amount of time that a device is in use while driving the vehicle;
• receiving a set of data comprising the one or more properties, wherein the set of data is indicative of a second driving behavior data of the applicant acquired over a second period of time, wherein the second driving behavior data comprises data indicative of a driving behavior of the applicant;
• determine a second driving behavior score that corresponds to the second driving behavior data based on the amount of time that the device is in use while driving the vehicle, a first quantity of phone calls using a handheld mode of the device while driving the vehicle and a respective first duration of each of the first quantity of phone calls, a second quantity of phone calls using a hands-free mode of the device while driving the vehicle and a respective second duration of each of the second quantity of phone calls, and a braking style of the vehicle;
• determining if the second driving behavior data of the applicant corresponds to the first driving behavior score;
• and
• in response to determining that the second driving behavior data of the applicant does not correspond to the first driving behavior score:
• determining that a renewal period for a premium rate for the applicant is within a threshold amount of time, wherein the premium rate comprises a fixed base rate and a vehicle rate, wherein the fixed base rate is determined based on a risk value associated with the second driving behavior data, and wherein the vehicle rate comprises a fixed vehicle base rate and a vehicle per mile rate, wherein the vehicle rate is determined based on an additional risk value associated with a type of the vehicle;
• locking the second driving behavior score as a driving behavior score to be used to determine a premium rate discount in response to determining that the renewal period is within the threshold amount of time;
• determining the premium rate discount based on the second driving behavior score, wherein the premium rate discount is configured to discount a portion of the premium rate for the applicant;
• sending a notification configured to cause display of a visualization comprising the premium rate discount and the premium rate on a display coupled to the vehicle;
• determining a real-time update of the second driving behavior score and the premium rate discount;
• and
• updating the visualization with the real-time update of the second driving behavior score and the premium rate discount while the vehicle is being driven.