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US 2021/0264512 A1Published application
Systems and methods for utilizing vehicle telematics data to adjust a variable vehicle obligation arrangement
AssigneeState Farm Mutual Automobile Insurance Company
InventorsKristopher Keith Gaudin, Justin Davis, Jacob J. Alt, Matthew S. Megyese, John Lucas Bothwell
Life of this patent
Estimating the term…
Abstract
Vehicle usage-based data, including telematics data, may be utilized to adjust one or more terms (e.g., a variable interest rate and/or variable principle amount) of a variable vehicle loan. Telematics data may include, for example, data generated via a vehicle data system and/or a mobile electronic device. The one or more terms may be additionally or alternatively be adjusted based upon transportation metrics associated with usage of the vehicle by a transportation network company (TNC) and/or TNC driver.
Claims20
A computer-implemented method comprising:
- establishing, via one or more network interfaces, a communicative connection between a central processing system and a vehicle data system of a vehicle;
- obtaining, at the central processing system, telematics data indicative of operations of the vehicle, wherein the telematics data is obtained via the communicative connection from the vehicle data system, the telematics data being obtained by the central processing system based upon sampling and transmission of the telematics data by the vehicle data system from one or more vehicle-mounted sensors at one or more time periods during operation of the vehicle;
- determining, at the central processing system, based at least upon the telematics data obtained by the vehicle data system from the one or more vehicle-mounted sensors, 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;
- adjusting, via the central processing system, a variable vehicle loan covering the vehicle based upon the telematics data and the estimated depreciation;
- automatically withdrawing, via the central processing system, a payment for the variable vehicle loan from a financial account associated with an owner of the vehicle or associated with the vehicle;
- and
- transmitting, via the one or more network interfaces, information detailing the variable vehicle loan to a mobile device of the owner of the vehicle or the vehicle data system.
5 more elements
A computer system comprising:
- a communicative connection, to a vehicle data system of a vehicle, via which telematics data indicative of operations of the vehicle is received at the system, the telematics data being obtained by the computer system based upon sampling and transmission of the telematics data by the vehicle data system from one or more vehicle-mounted sensors at one or more time periods during operation of the vehicle;
- one or more processors;
- and
- one or more memories storing non-transitory computer-executable instructions that, when executed via the one or more processors, cause the system to:
- determine, via the one or more processors, based at least upon the telematics data obtained by the vehicle data system from the one or more vehicle-mounted sensors, 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;
- determine or adjust, via the one or more processors, based at least upon the presence and extent of usage of the one or more autonomous features, an estimated depreciation of the vehicle;
- adjust, via the one or more processors, a variable vehicle loan covering the vehicle based upon the telematics data and the estimated depreciation;
- automatically withdraw, via the one or more processors, a payment for the variable vehicle loan from a financial account associated with an owner of the vehicle or associated with the vehicle;
- and
- transmit, via one or more network interfaces, information detailing the variable vehicle loan to a mobile device of the owner of the vehicle or the vehicle data system.
7 more elements
Dependencies are inferred from the claim text.