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

  • Satellite based goods vehicle tracking comes a step closer
    March 15, 2012
    A project aimed at proving the viability of satellite-based goods tracking in Europe has come to a close – establishing everything necessary for commercial services to flourish. A landmark stage was reached in tracking of goods across Europe in December last year, with conclusion of the Scutum project – ‘Securing the EU GNSS adoption in transport of dangerous materials’. This has validated the accuracy and reliability of the European Geostationary Navigation Overlay Service (EGNOS) for goods tracking and se
    Read More
  • Suppliers reshape to provide tolling and traffic management expertise
    August 2, 2013
    Jason Barnes examines the trend towards single source supply of complete tolling and traffic management solutions with some senior tolling industry figures. Only a few years back, the major tolling system suppliers were aggressively positioning themselves as one-stop shops for tolling solutions and operations. No sooner has that little flurry of innovation settled than another trend has emerged – tolling companies wanting to become major ITS suppliers as well. Various tolling company seniors have in recent
    Read More
  • Dundee trial offers insight into delivering MaaS in smaller urban and rural areas
    March 27, 2018
    A MaaS trial in Scotland will evaluate the attraction of such services for young people living in small cities and rural areas. Colin Sowman reports. It is often said that Mobility as a Service (MaaS) is fine in big cities - but what about smaller towns and rural areas? Well, the city of Dundee in Scotland has only around 150,000 people but is set to provide some answers with its trial of NaviGoGo, a MaaS operation aimed at 16-25 year olds – be they students, working or unemployed. By population, Dundee
    Read More
  • Debating a cost-effective means of road user charging
    July 20, 2012
    Does GPS/GNSS-based technology provide a cost-effective means of charging or tolling on a national or international level, or are the issues pertaining to effective enforcement an obstacle. Here, leading equipment manufacturers debate the issue.
    Read More

Highlighted Content