Patent ID: 7542915

Claim:
A computer-implemented method of calculating automobile insurance for a vehicle of a customer of a contracting company, the computer-implemented method comprising: acquiring location information of the vehicle with a location system on the vehicle; acquiring vehicle performance information from a computation device on a vehicle; deriving a first cost increment with said computation device by evaluating at least said location information, said vehicle performance information and a pricing database, wherein said deriving of said first cost increment is performed on the vehicle; connecting a billing transmission system on the vehicle with the contracting company; transmitting said first cost increment with said billing transmission system to the contracting company, wherein said first cost increment is devoid of said location information and said vehicle performance information; restricting access to said location information and said vehicle performance information with said billing transmission system by at least encrypting said information and said vehicle performance information; accessing said location information and said vehicle performance information with said billing transmission system by at least decrypting said location information and said vehicle performance information with an access key, wherein said access key consists of a first passkey retained by the customer and a second passkey retained by a contracting company; providing access with a computing device for the customer outside of the vehicle to said first cost increment prior to the contracting company billing the customer, wherein said providing access to said first cost increment is adapted to permit the customer to alter driving habits to adjust a second cost increment transmitting said second cost increment with said billing transmission system to the contracting company, wherein said second cost increment is devoid of location information and said vehicle performance information; and determining billing for the customer from the contracting company based on at least said first and said second cost increments from said billing transmission system.