Patent ID: 7987103

Claim:
A computer system for providing vehicle insurance comprising: a computer processor; and a computer memory accessible to the computer processor, the computer memory and computer processor being communicatively detached from a customer associated vehicle, wherein the computer memory comprises a plurality of instructions which, when executed by the computer processor, perform a method, the method comprising: determining a number of unexpired units distance under an existing insurance policy, the existing policy being defined in part by coverage for a predetermined number of units distance for a specified vehicle based on a customer provided odometer reading; assessing a premium per unit distance for a new policy; and providing coverage under the new policy for the unexpired units distance under the existing policy in exchange for receiving a payment comprising the difference between the premium per unit distance for the new policy and a premium per unit distance for the existing policy multiplied by the number of unexpired units distance; wherein the customer provided odometer reading is provided by a customer via a computer network without an electronic tracking device attached to the vehicle or odometer, and without a third party audit; wherein the unexpired units distance are determined based on a number of units distance whose premium was paid under the existing policy but which have not been driven by the specified vehicle; and wherein the unexpired units distance are also determined based on a predetermined policy expiration time having not yet lapsed.