SYSTEMS AND METHODS FOR PROCESSING VEHICLE INSURANCE BASED ON ACUITY TESTING PERFORMANCE
Methods and systems for administering acuity assessments to customers who request vehicle insurance policies, and offering insurance policies based on customers' performances on the acuity assessments. In aspects, the vehicle insurance policies can cover various uses of the vehicle, where the policies may be distance- or time-based. The customer requests a vehicle insurance policy and an insurance provider provides a relevant acuity assessment to the customer for completion. The customer performs the acuity assessment and sends corresponding results, and the insurance provider determines the customer's performance. Based at least in part on the customer's performance, the insurance provider generates an insurance quote, which the customer may purchase.
1 . A computer-implemented method of offering vehicle insurance, the method comprising:
receiving, from a customer associated with a vehicle, a request for a vehicle insurance policy covering use of the vehicle;
providing, by one or more processors, an acuity assessment to the customer for completion by the customer;
receiving, from the customer associated with the vehicle, acuity data resulting from the customer completing the acuity assessment;
generating, by one or more processors, a quote for the vehicle insurance policy based at least in part on the acuity data; and
providing the quote for the vehicle insurance policy to the customer.
2 . The computer-implemented method of claim 1 , wherein receiving the request for the vehicle insurance policy comprises:
receiving, from the customer, a distance desired to be covered by the insurance policy and a current odometer reading of the vehicle.
3 . The computer-implemented method of claim 1 , wherein generating the quote for the vehicle insurance policy based on the acuity data comprises:
examining the acuity data to determine a performance by the customer on the acuity assessment; and
generating the quote based on the performance by the customer.
4 . The computer-implemented method of claim 3 , wherein generating the quote based on the performance by the customer comprises:
identifying at least one of an amount of coverage and coverage terms for a default vehicle insurance policy;
adjusting the at least one of the amount of coverage and the coverage terms based on the performance by the customer; and
generating the quote according to the adjusted amount of coverage.
5 . The computer-implemented method of claim 3 , wherein generating the quote based on the performance by the customer comprises:
identifying a policy rate for a default vehicle insurance policy;
adjusting the policy rate based on the performance by the customer; and
generating the quote according to the adjusted policy rate.
6 . The computer-implemented method of claim 3 , further comprising:
determining that the performance by the customer meets a threshold value.
7 . The computer-implemented method of claim 1 , further comprising:
receiving an acceptance of the quote from the customer; and
facilitating a purchase transaction with the customer for the vehicle insurance policy.
8 . The computer-implemented method of claim 1 , wherein providing the acuity assessment to the customer for completion by the customer comprises:
providing, to the customer, at least one of a visual assessment, an audio assessment, a verbal assessment, and a physically interactive assessment.
9 . The computer-implemented method of claim 1 , wherein receiving the request for the vehicle insurance policy comprises:
receiving, from the customer, a time duration during which the customer desires to be covered by the insurance policy.
10 . The computer-implemented method of claim 1 , further comprising:
receiving a request to modify the quote for the vehicle insurance policy;
based on the request to modify the quote, adjusting at least one of a policy rate and an amount of coverage indicated in the quote for the vehicle insurance policy; and
providing the at least one of the adjusted policy rate and the adjusted amount of coverage to the customer.
11 . A system for offering vehicle insurance, comprising:
a communication module adapted to communicate data;
a memory adapted to store non-transitory computer executable instructions; and
a processor adapted to interface with the communication module, wherein the processor is configured to execute the non-transitory computer executable instructions to cause the processor to:
receive, from a customer associated with a vehicle via the communication module, a request for a vehicle insurance policy covering use of the vehicle,
provide, to the customer via the communication module, an acuity assessment for completion by the customer,
receive, from the customer associated with the vehicle via the communication module, acuity data resulting from the customer completing the acuity assessment,
generate a quote for the vehicle insurance policy based at least in part on the acuity data, and
provide, to the customer via the communication module, the quote for the vehicle insurance policy.
12 . The system of claim 11 , wherein to receive the request for the vehicle insurance policy, the processor is configured to:
receive, from the customer via the communication module, a distance desired to be covered by the insurance policy and a current odometer reading of the vehicle.
13 . The system of claim 11 , wherein to generate the quote for the vehicle insurance policy based on the acuity data, the processor is configured to:
examine the acuity data to determine a performance by the customer on the acuity assessment, and
generate the quote based on the performance by the customer.
14 . The system of claim 13 , wherein to generate the quote based on the performance by the customer, the processor is configured to:
identify at least one of an amount of coverage and coverage terms for a default vehicle insurance policy,
adjust the at least one of the amount of coverage and the coverage terms based on the performance by the customer, and
generate the quote according to the adjusted amount of coverage.
15 . The system of claim 13 , wherein to generate the quote based on the performance by the customer, the processor is configured to:
identify a policy rate for a default vehicle insurance policy,
adjust the policy rate based on the performance by the customer, and
generate the quote according to the adjusted policy rate.
16 . The system of claim 13 , wherein the processor is further configured to:
determine that the performance by the customer meets a threshold value.
17 . The system of claim 11 , wherein the processor is further configured to:
receive, from the customer via the communication module, an acceptance of the quote, and
facilitate a purchase transaction with the customer for the vehicle insurance policy.
18 . The system of claim 11 , wherein to provide the acuity assessment to the customer for completion by the customer, the processor is configured to:
provide, to the customer via the communication module, at least one of a visual assessment, an audio assessment, a verbal assessment, and a physically interactive assessment.
19 . The system of claim 11 , wherein to receive the request for the vehicle insurance policy, the processor is configured to:
receive, from the customer via the communication module, a time duration during which the customer desires to be covered by the insurance policy.
20 . The system of claim 11 , wherein the processor is further configured to:
receive, via the communication module, a request to modify the quote for the vehicle insurance policy;
based on the request to modify the quote, adjust at least one of a policy rate and an amount of coverage indicated in the quote for the vehicle insurance policy, and
provide, to the customer via the communication module, at least one of the adjusted policy rate and the adjusted amount of coverage.