Pre-Grant Publication Number: 20090063201
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Prior Art Detail
Summary / Description
| Summary / Description | Progressive press release re: its TripSense insurance product. |
Basic Information
| Type of Prior Art | Online Publication |
| URL | http://newsroom.progressive.com... |
| Author/Creator | Progressive Insurace |
| Title | above |
| Publication Date | January 16, 2007 |
| Publisher | Progressive |
| Directions to Document Location | |
| Additional Information | |
Notes / To Do
| Notes | |
Excerpt
Excerpt Here's how the TripSense discount works:
• Drivers who choose to participate will receive a TripSensor, a free, matchbox-sized device that plugs into a vehicle's On-Board-Diagnostic (OBDII) port located near the steering column in almost all 1996 or newer vehicles. The device collects mileage and when the vehicle is driven to calculate the renewal discount customers can receive. The TripSensor also collects information about vehicle speed, acceleration and braking that is not used to calculate the discount. Progressive collects this data to better understand if it is predictive of future accidents.
• Toward the end of each policy period, TripSense customers download their driving data to their personal computer where they can view the information to see if they could earn a discount depending on how much and when they drive. Sharing driving data with Progressive is always voluntary, but necessary to earn a TripSense discount on a renewal policy.
• If they choose to upload their data to Progressive, customers can go to tripsense.progressive.com to look at trip details and even compare their driving to others; there's even an interactive discount calculator that allows customers to model their driving to see how changes could affect their discount.
• All participants receive a 5 percent discount just for signing up. Customers who choose to upload their data to Progressive can always earn at least a 5 percent discount and earn a total discount of up to 25 percent when they renew their policies.
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