US 2021/0241368 A1Published application

Systems and methods for utilizing vehicle usage-based metrics to generate a vehicle obligation arrangement

AssigneeState Farm Mutual Automobile Insurance Company

InventorsKristopher Keith Gaudin, Justin Davis, Jacob J. Alt, Matthew S. Megyese, John Lucas Bothwell

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Abstract

Vehicle usage-based data, including telematics data, may be utilized to generate one or more terms (e.g., a variable interest rate and/or variable principle amount) of a vehicle loan. Further, terms of the vehicle loan may be adjusted based upon vehicle usage-based data, including telematics data, and/or estimated vehicle depreciation. Additionally or alternatively, the one or more generated and/or adjusted terms may be based upon transportation metrics associated with usage of the vehicle by a transportation network company (TNC) and/or TNC driver.

Claims20

Dependent claims

A computer-implemented method comprising:

establishing, via one or more network interfaces, a first communicative connection between a central processing system and a vehicle data system of a vehicle;
obtaining, at the central processing system, data indicative of operations of the vehicle, wherein the vehicle operations data includes one or more vehicular telemetry metrics obtained via one or more vehicle-mounted sensors and is obtained via the first communicative connection from the vehicle data system based upon sampling and transmission of the vehicular telemetry metrics by the vehicle data system during operation of the vehicle;
establishing, via the one or more network interfaces, a second communicative connection between the central processing system and a guaranty system;
obtaining, at the central processing system, guaranty data corresponding to a receiving party associated with the vehicle, the guaranty data obtained via the second communicative connection from the guaranty system;
determining, at the central processing system, based at least upon the vehicle operations data including the vehicle telemetry metrics obtained via the one or more vehicle-mounted sensors during the operations of the vehicle, one or more autonomous features present in the vehicle and an extent of usage of the one or more autonomous features during the operation of the vehicle;
determining or adjusting, at the central processing system, based at least upon the presence and extent of usage of the one or more autonomous features, an estimated depreciation of the vehicle;
generating, at the central processing system and based upon the vehicle operations data, the estimated depreciation, and the guaranty data, one or more terms of a loan for which the receiving party is eligible;
and
transmitting, via the one or more network interfaces, an indication of the generated one or more loan terms to a device of the receiving party.

6 more elements

A computer system comprising:

a first communicative connection, to a vehicle data system, via which data indicative of operations of a vehicle is received at the system, the vehicle operations data including one or more vehicular telemetry metrics obtained via one or more vehicle-mounted sensors, wherein the system receives the data indicative of operations of the vehicle based upon sampling and transmission of the vehicular telemetry metrics by the vehicle data system during operation of the vehicle;
a second communicative connection, to an underwriting system, via which underwriting data corresponding to a receiving party is received at the system, wherein the receiving party is associated with the vehicle;
one or more processors;
one or more memories;
and
a set of non-transitory computer-executable instructions that are stored on the one or more memories and that, when executed by the one or more processors, cause the system to:
determine, based at least upon the vehicle operations data, including the vehicle telemetry metrics obtained via the one or more vehicle-mounted sensors during the operations of the vehicle, one or more autonomous features present in the vehicle and an extent of a usage of the one or more autonomous features during the operation of the vehicle;
determine or adjust, based at least upon the usage of the one or more autonomous features, an estimated depreciation of the vehicle;
generate, based upon the vehicle operations data, the estimated depreciation, and the underwriting data, one or more terms of a vehicle loan for which the receiving party is eligible, and
transmit, via one or more network interfaces, an indication of the generated one or more vehicle loan terms to a device of the receiving party.

7 more elements

Dependencies are inferred from the claim text.

Facts

Application: 15/782,540Filed 12 Oct 2017
Priority: 19 Oct 2016
Published: 5 Aug 2021
Term ends: Not estimatedThe source records don’t support an estimate.

Classification12 codes

G06Q 40/03
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: credit; Loans; Processing thereof
G06Q 20/102
Specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems: bill distribution or payments
G06Q 20/145
Specially adapted for billing systems: payments according to the detected use or quantity
G06Q 20/322
Using wireless devices: aspects of commerce using mobile devices [M-devices]

Family

Application62/410,221Us provisional application · filed 19 Oct 2016
Application62/469,313Us provisional application · filed 9 Mar 2017
Application62/544,352Us provisional application · filed 11 Aug 2017
US 2021/0241368 A1This patent

From the US filing history. Foreign family members aren’t listed.

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