Is car insurance cheaper with a dashcam?
Dash cameras have started to evolve as a popular choice for passenger vehicle drivers when historically used in commercial cars like law enforcement vehicles and cargo trucks. The cameras are usually mounted on the dashboard of the car facing the windshield, capturing the journey in real time. Let’s now explore the possible benefits of dash cams and how having one will affect your car insurance rate. Now you can get potential coverage for your vehicle from the cheapest auto insurance provider.
How do dash cams impact your vehicle insurance?
Typically, insurance companies don’t offer discounts to drivers specifically for having a dash cam in their car. But, the possible economic benefits of having a dash cam are never overlooked when looking for the cheapest car insurance.
In fact, equipping your car with a dash cam indirectly impacts your car insurance in a few positive ways due to how they act as a witness to certain incidents such as theft or collision.
- Have a record of your accident
Road accidents are inevitable and can sometimes happen. When in doubt about who is at fault, handling claims becomes hard work. In some cases, legal action will devolve on your word against that of the other driver, and you may find yourself at fault for the accident.
If you’re at fault, it can prevent you from recovering damages from the other party’s insurance or force you to pay out of your liability coverage for repairs, which usually results in higher premiums.
Car insurance scams are common if someone tries to get you involved in a staged accident to get paid for fraudulent claims resulting in a disaster that costs you thousands of years in increased insurance premiums and legal fees.
Obtaining video recording of events can help protect you against insurance fraud. You should contact law enforcement with the video evidence sooner if you believe you are involved in auto insurance fraud.
Recorded evidence of alleged car insurance scams goes a long way in clearing the car from the insurance company.
- Make you a better driver
It usually takes several years to learn safe driving practices. Say you’re a new driver or you’ve had a few close calls behind the wheels that you should revisit your dash cam videos to check how things are done differently. Take time to refine your approaches, avoiding bad car wrecks in the future.
Safe driving also affects the cost of car insurance. You can avoid traffic tickets and car accidents for a few years because several car insurance companies offer a good discount for drivers, which significantly reduces the cost of monthly premiums.
- Capture unexpected events
Car accidents are always dangerous for driving, with several incidents damaging your car when parked. If the auto insurance policy includes comprehensive insurance coverage, incidents will damage your car from vandalism, theft, falling tree branches, and fire damage.
There are times when damage occurs with the dash cam capturing it. In this case, dashcam video means bolstering the claim by speeding up the process of getting your car repaired with the help of insurance.
- Monitor your teen’s behavior
It is widely accepted that adding a teen driver to your policy is a costly change, as statistics show that teen drivers are more likely to be involved in an accident than other age groups.
Insurance companies typically classify teenage drivers as high-risk motorists who charge high premiums for basic liability coverage due to lack of driving experience and a tendency to make riskier decisions.
Your teen can be more aware while driving knowing they’re being watched, although the insurance company won’t cut the cost since you’ve installed a dash cam in your car. You can check if your teen driver is following traffic rules, has speed or passenger limits and troubleshoots before an accident.
- Act as a security camera
There’s usually no way to protect or monitor your vehicle when it’s parked unattended, especially if you’re not nearby. In cases like theft or vandalism, there is usually little or no evidence of who committed the crime if there are no witnesses.
Recovering the stolen vehicle becomes impossible when no one is held responsible, although the damage is covered by full coverage. But, the dash cam can serve as a first-hand witness if there is good camera footage to help cops track down the perpetrator and even recover lost items.
Drivers must use their dashcams in a few countries as required by cheapest auto insurance provider. The dashcam can simplify the claim investigation process for your insurer. Unfortunately, no major insurance company in the United States currently offers a discount for using a dashcam.