STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY (20240242292). SYSTEMS AND METHODS FOR ALLOCATING VEHICLE COSTS BETWEEN VEHICLE USERS FOR ANTICIPATED TRIPS simplified abstract
Contents
SYSTEMS AND METHODS FOR ALLOCATING VEHICLE COSTS BETWEEN VEHICLE USERS FOR ANTICIPATED TRIPS
Organization Name
STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
Inventor(s)
Gregory Hayward of Bloomington IL (US)
Scott Christensen of Salem OR (US)
SYSTEMS AND METHODS FOR ALLOCATING VEHICLE COSTS BETWEEN VEHICLE USERS FOR ANTICIPATED TRIPS - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240242292 titled 'SYSTEMS AND METHODS FOR ALLOCATING VEHICLE COSTS BETWEEN VEHICLE USERS FOR ANTICIPATED TRIPS
The abstract of this patent application describes a system for allocating vehicle costs between users, including anticipated future trips with autonomous vehicles. The system calculates anticipated vehicle costs based on trip details and allocates these costs to the driver and passenger.
- The system receives anticipated trip reports for future trips, including details like destination and distance.
- It calculates anticipated vehicle costs, which may include usage-based or trip-based insurance.
- The system allocates a portion of the costs to the driver and passenger.
- Anticipated vehicle costs are then transmitted to the driver for review.
Potential Applications: - Ride-sharing services - Fleet management systems - Insurance companies offering usage-based policies
Problems Solved: - Fair allocation of vehicle costs between users - Efficient management of trip expenses - Transparency in cost-sharing arrangements
Benefits: - Cost-effective trip planning - Equitable distribution of expenses - Improved user satisfaction and trust
Commercial Applications: Title: "Cost Allocation System for Autonomous Vehicles" This technology could revolutionize the way costs are shared among users of autonomous vehicles, leading to more efficient and transparent transportation services. Companies in the ride-sharing, fleet management, and insurance industries could benefit from implementing this system.
Questions about the technology: 1. How does the system determine the anticipated vehicle costs for a future trip? The system calculates anticipated vehicle costs based on trip details such as distance and destination, as well as any usage-based or trip-based insurance factors.
2. What are the key advantages of allocating vehicle costs between users in advance? By allocating costs upfront, users can plan and budget for their trips more effectively, leading to a smoother and more transparent experience for all parties involved.
Original Abstract Submitted
vehicle costs may be allocated between users of a vehicle, including autonomous vehicles. a vehicle cost allocation (vca) computing device receives an anticipated trip report associated with an anticipated future trip, the anticipated trip report associated with at least one vehicle user including an anticipated driver of the vehicle and an anticipated passenger, the anticipated trip report including at least one of an anticipated destination and a distance of the anticipated future trip. the vca computing device is also configured to determine one or more anticipated vehicle costs for the anticipated future trip. the vehicle costs may include usage-based or trip-based insurance. the vca computing device is also configured to allocate a respective portion of the vehicle cost to the anticipated driver and passenger and transmit the anticipated vehicle costs to for review by the anticipated driver.
