Abstract: A safe driving incentive system is used to track and train new drivers in license acquisition procedures and may encourage new drivers to adopt the safe driving incentive system for future driving incentives and insurance premium deductions. An incentive company receives a system payment from a payer, such as a parent, and facilitates payment of a customer's premium to an insurance company. The system payment may be greater than the insurance premium and the incentive company may utilize this balance in the account to pay a designated monitored driver a reward payment for safe driving. The safe driving incentive system utilizes a location services system which may employ a global positioning system on a mobile phone or in the vehicle to monitor the driver. Telematic may be used to determine a driver rating that impacts the insurance premium and the reward payment to a monitored driver.

Abstract: A safe driving incentive system is used to track and train new drivers in license acquisition procedures and may encourage new drivers to adopt the safe driving incentive system for future driving incentives and insurance premium deductions. An incentive company receives a system payment from a payer, such as a parent, and facilitates payment of a customer's premium to an insurance company. The system payment may be greater than the insurance premium and the incentive company may utilize this balance in the account to pay a designated monitored driver a reward payment for safe driving. The safe driving incentive system utilizes a location services system which may employ a global positioning system on a mobile phone or in the vehicle to monitor the driver. Telematic may be used to determine a driver rating that impacts the insurance premium and the reward payment to a monitored driver.

Abstract: A safe driving incentive system is used to track and train new drivers in license acquisition procedures and may encourage new drivers to adopt the safe driving incentive system for future driving incentives and insurance premium deductions. An incentive company receives a system payment from a payer, such as a parent, and facilitates payment of a customer's premium to an insurance company. The system payment may be greater than the insurance premium and the incentive company may utilize this balance in the account to pay a designated monitored driver a reward payment for safe driving. The safe driving incentive system utilizes a location services system which may employ a global positioning system on a mobile phone or in the vehicle to monitor the driver. Telematic may be used to determine a driver rating that impacts the insurance premium and the reward payment to a monitored driver.