Dash Cams: the key to cheaper car insurance in 2023?

Dashcams, or dashboard cameras, have been gaining popularity in recent years as a way to provide evidence in case of a car accident. But did you know that they can also help you save money on your car insurance in 2023?

Here’s how.

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Using dashcams as evidence in claims

When you file a claim with your car insurance company, the company will investigate the incident to determine who was at fault. If the accident was not your fault, your insurance company would usually try to recover the costs of the claim from the other driver’s insurance company. However, if the other driver disputes your version of events or there is no clear evidence of who was at fault, the claim may not be settled in your favour.

This is where a dashcam can come in handy. Dashcams are cameras that are mounted on your car’s dashboard or windshield and record video footage of the road ahead. If you are involved in an accident, the footage captured by the dashcam can be used as evidence to help determine who was at fault. The video footage can be used to show that the other driver was at fault and may prevent your insurance company from paying out on a claim, or can be used to support your insurance claim.

In addition to helping you with claims, having a dashcam can also help you save money on your car insurance in 2023. Some car insurance companies offer discounts to customers who have dashcams installed in their vehicles. This is because dashcams can help reduce the number of fraudulent claims and disputes, which can save the insurance company money in the long run. Having a dashcam installed in your vehicle may also qualify you for a safe driver discount, which can lower your insurance premium.

Dashcams and insurance discounts

However, it’s important to keep in mind that having a dashcam won’t guarantee that you’ll get a discount on your insurance. Insurance companies have different policies, and not all will offer discounts for having a dashcam. It’s also important to note that having a dashcam installed in your car won’t guarantee that you’ll never have to pay out on a claim, but it can certainly increase the chances of your claim being settled in your favour.

Conclusion

In conclusion, dashcams can save you money on your car insurance in 2023 by providing evidence to help settle claims and by qualifying you for discounts. As more and more insurance companies adopt this technology, it may become more common for them to offer discounts. However, it’s essential to check with your insurance company to see if they offer discounts for having a dashcam installed in your vehicle.