Do Dashcams Reduce Car Insurance? (Guide-Dash Cam & Insurance)

However, there are a number of factors to consider before you may be eligible for a discount from your car insurer when it comes to fitting a dash cam inside of the car. 

Dash cams help car owners to validate a potential claim when involved in a road traffic accident as it records the drivers own involvement, plus other 3rd party drivers who may be at fault.

Discounts and other benefits

• Video based evidence may support a drivers claim as to which driver is at fault.
• Can save a lot of stress, time and money for the driver.
• Offers clarity which is an advantage for insurers, some insurance companies offer discounts when a dashcam is installed.
• Enables drivers to have peace of mind when driving.
• Having a dash cam installed tends to encourage better driving standards.
• Accuracy of the incident recorded through video footage may be invaluable.
• Avoids a potential fraudulent incident or claim.

What Type of Discounts 

The discount may be offered on your vehicle insurance premiums. Insurance companies offer 13 to 25 percent insurance discounts to drivers who have dash cams, on an average. 

Therefore, having a dash benefits you financially by initial insurance saving and later giving upto 25 percent of savings on some high premiums. 

Some insurance companies also may go as high as 30 percent in some cases. When you are able to provide video evidence to support your not at fault while claiming, you are eligible for No claim insurance status. This saving can go as high as 75 percent with some insurance policies.

How to make an insurance claim using dash cam evidence

To make the claim, send the video footage acquired from the dashcam directly to your vehicle insurer to view. 

Some companies have apps for cam viewing. You can send them via the app or with an email attachment or hand the video files on an SD card physically to your insurer at their office. 

This may help you to make a quicker claim settlement as video footage provides strong evidence in road traffic accident legality cases.

Choosing a suitable dash cam to benefit from car insurance discounts

Here are 5 key reasons why you may want to consider a car dash camera:

1. Clear high resolution picture quality improves accuracy and better information.
2. The chosen dashcam should meet the conditions and terms of your insurance policy.
3. This can include the brand model, certain approved brands may need to be professionally installed.
4. Look for deals and offers, the insurance discount should be worthwhile and not less than the camera cost itself.
5. Get insurance quotes and compare the quotes in relation to having a dashcam installed and the savings and benefits given with one fitted. 

Taking the above factors into consideration will give you a better idea of how to gain an insurance discount on your policy. 

Make sure to read the terms and conditions before accepting a discount on the policy provided by the car insurance company.

Advantages of dash cams for insurance purposes

Accident Record

Precise and clear video footage makes all the difference when it comes to an insurance claim. You may have a different account of the accident compared to a 3rd party. 

Having evidence can clearly benefit you with your claim. Not only this it will show that you were driving in a safe manner and not the driver responsible. 

You may also be eligible to receive a higher vehicle insurance payout, if you are not at fault. Your claim generally tends to be processed with less hassle or further investigation.

Traffic Tickets 

If you commit a traffic violation which is questionable, a dashcam may just prove your innocence. A ticket does have an impact on your driving history / record which in most cases will lead to an increase to your insurance premium. 

In these rare cases all this can be clearly avoided with the help of dash cam footage. In a dispute type situation you have reliable evidence allowing you to be able contest a traffic ticket.

Combat Fraud

A crash for cash situation can be fought with the help of dashcam video. A staged accident is caught red handed on video. Handing the footage to the insurance company’s fraud unit, you can avoid any fraudulent claims against you.

Responsible Driving

A dashcam encourages responsible driving due to the weight of evidence that video footage provides.

A good driving history offers you a better insurance discount over time and will keep you consistently enjoying lower car insurance premiums for the future.

You can also capture unexpected events and any knocks or scrapes while parked or if you leave your vehicle unattended using a dash cam with parking mode.

Final Thoughts

A dash cam is highly beneficial when it comes to protection against insurance claims from road traffic accidents. 

You may benefit a dash cam insurance discount on your premiums through a number of different insurance companies. Dash cam evidence will help you prove your innocence and also make you a better and responsible driver.

Speak to your insurer to find out what discounts and benefits are available with a dash camera installed in your vehicle.