Fourth patent related to usage-based insurance

US company Progressive Insurance has received a fourth patent for system technologies used with its optional pay-as-you-drive insurance programme, a usage-based form of car insurance. U.S. Patent No. 8,090,598 relates, in part, to producing a driver safety score based on monitored driving data. Progressive’s usage-based insurance (UBI) scheme, Snapshot, is available in 39 US states and the District of Columbia. It creates a personalised car insurance discount based on customers’ driving habits.
March 23, 2012 Read time: 1 min
US company Progressive Insurance has received a fourth patent for system technologies used with its optional pay-as-you-drive insurance programme, a usage-based form of car insurance. U.S. Patent No. 8,090,598 relates, in part, to producing a driver safety score based on monitored driving data.

Progressive’s usage-based insurance (UBI) scheme, Snapshot, is available in 39 US states and the District of Columbia. It creates a personalised car insurance discount based on customers’ driving habits. Drivers who sign up for Snapshot receive a small device that plugs into the on-board diagnostic port of cars. The device records data from the vehicle and sends it to Progressive, which uses that data to calculate potential discounts.

“For more than 15 years we have invested a great deal into the research, development, testing and piloting of usage-based insurance programmes and will continue to do so,” said Glenn Renwick, Progressive’s president and CEO.

Related Content

  • Terrestrial solution to stellar shortcomings
    December 5, 2013
    Inherent weaknesses in satellite communications are leading several countries to re-evaluate terrestrial-based backup systems. There is a tale frequently told in satellite navigation circles, of how landing systems at Newark Airport were disrupted by a truck driver using GPS jamming equipment as he drove along the New Jersey Turnpike. While there was no threat to flight safety as the interference to GPS reference stations being tested, the story highlights how apparently benign threats have the potential t
    Read More
  • Robin Chase interview: Heaven and hell
    June 13, 2018
    A shared vision - or even much of a conversation at all - about what a better mobility balance looks like has been lacking…until now. Andrew Stone speaks to Zipcar founder Robin Chase about fairness – and the importance of not demonising cars
    Read More
  • Calculating the cost of stellar solutions
    August 10, 2016
    The increasing availability and accuracy of global navigation satellite system (GNSS) is opening up low-cost options in many areas as David Crawford finds out. Boosting commercialisation of European global navigation satellite system (EGNSS) technologies for ITS initially depends heavily on demonstrating competitive and cost/benefit advantages obtainable from the deployment of EGNOS (the current European Geostationary Navigation Overlay Service), and ultimately the EU’s Galileo constellation (see box). So,
    Read More
  • Huge global OEM connected car system shipments predicted
    May 2, 2012
    OEM connected car system shipments are expected to grow from 8.22 million in 2012 to 39.5 million in 2016. While the United States and Western Europe remain the leading regions, car OEMs such as GM, Toyota, Nissan, Hyundai, and Mercedes Benz increasingly look to China as the next major expansion area for launching connected car solutions in order to maintain or enhance their competitive position in this fledgling market.
    Read More

Highlighted Content