A system and method for enabling location-based services based on geofence data and privacy settings is provided. The system acquires trip data associated with a vehicle and receives a user input that includes a privacy level associated with the trip data. The system further acquires information that includes a set of geofences corresponding to a set of locations in the trip data. Each geofence of the set of geofences is associated with a rank. The system selects one or more geofences from the set of geofences based on the privacy level and determines, from the trip data, location data that corresponds to the selected one or more geofences. The system filters the trip data by removing the determined location data from the trip data and enables a location-based service based on the filtered trip data.