Do dashboard cameras reduce insurance?
With more drivers opting to install a dashboard camera in their vehicle, the topic of how they can save motorists money and even reduce their insurance costs has become ever-relevant.
The great news is that in the last few years leading insurers have jumped on board with the technology and are embracing dashboard camera footage as evidence in the event of a claim. The even better news is, some insurers now offer a discounted premium for anyone who installs a dashboard camera.
Dashboard camera footage is now being regularly used as evidence by police and insurers which is just the kind of validation that will open the door to more insurers giving reduced insurance rates to dashboard camera users, if not just to stay competitive.
So, how can a dashboard camera reduce my insurance?
Some leading insurers are now giving ‘dash cam discounts’, with some offering annual reductions of up to 30%. But why?
Many, including some insurers, believe that a dashboard camera makes for a safer, more cautious driver and more people install these helpful little independent witnesses, the less accidents they’ll have, and the insurers will save money. So, it is only fair that they offer a discounted premium to those taking the responsible step into the dashboard camera world.
So far in 2019, we can see insurers like Axa, Aviva and Adrian Flux giving up to 15% off annual premiums, whilst MyFirst are offering a whopping 30% off for young drivers who install a dashboard camera. So, if you’re a parent with a young excited new driver, it sounds like they might be about to receive their most sensible gift yet. Because big savings are to be made as a youngster with a dash cam, and if there’s a chance it keeps them safer, why wouldn’t you take it?
How else can a dashboard camera save you money?
Even if you don’t save on your premium, a dashboard camera could help to save you money if you can prove you weren’t at fault in the case of an accident. It can make what could be a long, drawn-out and stress-inducing, dispute that could leave you car-less and with a massive hire car bill, an annoying but fairly straightforward process, saving you time, money and a lot of stress.
Not to mention the protection having evidence of fault can provide for your No Claims Discount (NCD). If you’ve been growing a healthy NCD for many years and get involved in an accident that was not your fault, but you can’t prove it, you are at risk of losing it all. Installing a dashboard camera now, ‘just in case’, will be that impartial witness you’re relieved you had later.
Protect yourself from ‘cash for crash’ claims
Thousands of insurance claims each year come from fraudulent ‘cash for crash’ claims which unfortunately do and can happen to anyone. You might be the safest driver in the world but that doesn’t stop someone from braking in front of you with the intention of making a claim against you and frustratingly there’s not much you can do about it. But, if you have a dashboard camera and footage that shows exactly what happened, you could save a lot of time and money. Accidents and collisions can be a huge source of emotional stress and can happen so quickly that ambiguity and doubt is a massive problem during insurance claims. A dashboard camera can eliminate this issue of ambiguity and doubt. Allowing you to simply email your evidence straight to your insurer and get on with life, whilst they make an informed, certain decision.
Which dashboard camera should I buy?
Every Kitvision Observer Dashboard Camera comes with built-in Auto-Start, G-Sensor Collision Detection and Motion Detection as standard. So, after the one-time installation you can forget it’s there and drive on with peace of mind that your on-board Observer will capture every journey. And if a collision does occur, you’ll have the back-up you need to prove who was at fault, even if your car was stationary and you weren’t even in it.
You also want a dashboard camera that can handle day or night, which is why every Observer camera has WDR (Wide Dynamic Range) technology offering superior visibility in contrasting conditions which means enhanced HD recording 24 hours a day.