Patent ID: 7801750
Filing Date: 2010-09-21
Classification: G06Q

Abstract:
1. A processor-implemented method for providing an automobile transaction incentive, comprising: receiving an indication of an automobile transaction, wherein the automobile transaction involves: selling an automobile to a buyer or leasing the automobile to a lessee and providing by a third party a personal automobile insurance policy for the automobile; verifying that the model of the automobile involved in the transaction qualifies as an eligible model for the transaction incentive, wherein the transaction incentive involves providing the personal automobile insurance policy to the buyer or lessee; verifying that the automobile transaction occurs in a geographic region that has been designated as eligible for the transaction incentive; determining via a processor an insurance premium associated with providing the personal automobile insurance policy to the buyer or lessee; facilitating payment of the insurance premium by the third parry to an insurance provider after the geographic region and automobile mobile have been verified as eligible for the transaction incentive; and providing the insurance policy to the buyer or lessee without consideration of the buyer's or lessee's personal characteristics.