State Farm Mutual Automobile Insurance had five patents in batteries during Q4 2023. State Farm Mutual Automobile Insurance Co has filed patents for computer-implemented methods and systems for monitoring and managing batteries of electric vehicles. The technology involves receiving telematics data from sensors in the EV, determining battery status, mapping data to a digital record, and scheduling recharging appointments based on SOC levels. Additionally, the patents include systems for collecting insurance risk data from EVs, transmitting it over the electrical grid, and using it to adjust insurance premiums based on driving behavior and vehicle operation. GlobalData’s report on State Farm Mutual Automobile Insurance gives a 360-degreee view of the company including its patenting strategy. Buy the report here.
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State Farm Mutual Automobile Insurance grant share with batteries as a theme is 20% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Computer-implemented methods for battery monitoring, battery replacement, and fleet management (Patent ID: US20230387480A1)
The patent filed by State Farm Mutual Automobile Insurance Co. describes computer-implemented methods for monitoring the batteries of electric vehicles (EVs) using telematics data generated by sensors associated with the EVs. The method involves determining the battery status based on this data and mapping it to a digital record in a database. Additional features include using machine learning algorithms to predict battery status, accessing a database for recommendations on improving battery status, and adjusting insurance premiums based on battery health.
Furthermore, the patent outlines scenarios where battery replacement, transfer, recycling, or recharging may be recommended based on battery status. It also discusses fleet management strategies, such as rotating batteries between vehicles to maintain overall battery health. The method can be applied to various types of EVs, including solar electric vehicles, with specific considerations for solar batteries and different operating modes. The patent also includes provisions for visualizing battery locations on a graphical user interface and integrating with mobile devices or onboard telematics systems for data collection.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
