Patent ID: 8504393
Filing Date: 2013-08-06
Classification: G06Q

Abstract:
1. A method for providing a requested insurance rate using a programmed computer system including a processor and a non-transitory, tangible computer readable medium communicatively coupled to the processor and storing instructions executable by the processor to perform the method comprising: storing in a database existing data associated with a plurality of coordinate grid blocks, each coordinate grid block comprising a four-sided area defined by truncated latitude and longitude values of a coordinate grid system, wherein the number of digits in the truncated latitude and longitude values that define each coordinate grid block defines the geographic size of that coordinate grid block; the processor receiving an insurance rate query from a user via a user interface regarding a particular location having a coordinate pair comprising a non-truncated longitude value and a non-truncated latitude value of the particular location; the processor determining a target coordinate grid that encompasses the coordinate pair by identifying a coordinate grid block having truncated latitude and longitude values that correspond to the non-truncated longitude and latitude values of the coordinate pair of the particular location; the processor querying a database for a target set of existing data associated with the determined target coordinate grid block, wherein the existing data was associated with the target coordinate grid block prior to receiving the coordinate pair; the processor querying the database for supplemental existing data associated with coordinate grid blocks proximate the determined target coordinate grid block, including: the processor calculating an insurance rate based at least in part on the retrieved target set of existing data and the retrieved supplemental existing data; and the processor communicating the calculated insurance rate to the user.