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

  • Irdeto security expert: ‘Think maliciously to beat hackers’
    September 4, 2018
    Increased connectivity in transportation is a potential goldmine for hackers. To stop them, Stacy Janes at Irdeto says it’s important to think ‘maliciously’. Adam Hill talks to him about ITS’s weak points – and why turning up car radios could be enough to bring auto manufacturers to their knees
    Read More
  • Supply chain issues: AGD looks ahead
    June 2, 2022
    There are multiple causes for current global supply chain issues – and this isn’t likely to improve in the near future. Ian Hind of ITS manufacturer AGD Systems spells out how to mitigate the impact
    Read More
  • Substantial savings from smarter street lighting
    February 25, 2015
    As authorities strive to reduce expenditure and carbon emissions, Colin Sowman looks at some of the smart ways of managing street lighting while containing costs and maintaining safety. Street lighting can account for 40% of an authority’s energy consumption. So, faced with the need to reduce outgoings, some authorities are looking for smart ways of managing street lighting or even turning off swathes of street lights in the small hours. Back in 2008 the E-street Initiative report concluded that authorities
    Read More
  • Parking - does it cause or cure congestion?
    January 25, 2012
    Does parking cause congestion, or can it help alleviate the problem? By John Van Horn
    Read More

Highlighted Content