Various gadgets are available today to make our lives easier and safer, and dashcams are no exception. This simple yet innovative device, mounted onto your car’s dashboard, records everything on the road while you’re driving.
Many UK drivers still wonder, “Can investing in a dashcam help lower car insurance premiums?” The motor insurance experts at InsureDaily.co.uk have delved into the topic to help UK drivers understand how dashcams could impact their insurance premiums.
Paul Daly, Director of InsureDaily.co.uk, says: “A growing number of insurers recognise the value of dashcams, as they not only help identify fault in the unfortunate event of an accident but also protect against potential insurance fraud.
“Dashcams have a significant role in insurance claim disputes, as they provide unbiased and reliable footage, which can be the decisive factor in establishing the chain of events leading to an accident.
“By eliminating the ‘he said, she said’ disputes that can often arise, insurers can save significant administrative costs, savings that can be passed back to policyholders through discounts. In fact, in some cases, insurers offer to either reduce or waive the policy excess when a dashcam is fitted”.
The presence of a dashcam can protect against insurance fraud and deter “crash-for-cash” scams, a growing concern on UK roads. These fraudsters intentionally cause accidents to claim insurance money, putting innocent drivers at risk.
Dashcam footage can capture these actions, safeguarding against false claims and potentially leading to lower insurance premiums for everyone.
While few UK insurers currently offer explicit dashcam-related premium discounts, it’s important to remember that the device can indirectly lower premiums by protecting against false claims. A dashcam might be the difference between a no-claims bonus and a hefty insurance payout, which could impact your premium for years.
The future of dashcams and car insurance in the UK looks promising. As more insurers begin to recognise the benefits of dashcams, we’ll likely see a more explicit link between owning a dashcam and reducing car insurance premiums. However, until such a practice becomes more widespread, drivers should consider the indirect benefits of owning a dashcam.
InsureDaily.co.uk Listed Five Benefits of Owning a Dashcam:
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Evidence for Accidents
Dashcams record real-time, unbiased, and reliable evidence in case of a road accident. This footage can prove vital in establishing the sequence of events leading up to the incident, conclusively determining who was at fault.
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Protection Against Fraud
The presence of a dashcam can act as a deterrent against insurance scams. The footage can capture fraudulent activities, safeguarding drivers from false claims and potential increases in insurance premiums.
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Parking Protection
Some dashcams have parking mode, which means they continue to record when your car is parked. This means it can provide video evidence for hit-and-runs or vandalism incidents that may occur while you’re away from your vehicle.
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Encouragement of Safer Driving
Recording drivers’ driving behaviour can prompt them to behave more responsibly on the road. This could also reduce road accidents, making driving safer for everyone.
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Easy Reporting to Insurance Companies
Dashcams provide concrete footage that can be used when reporting an incident to your insurance company. This could speed up the claim process, removing the need for lengthy investigations.
