The impact of dashboard cameras on your auto insurance

Dash-mounted cameras, or “dash cams,” have been used by law enforcement for decades. True to their name, dash cameras are typically cameras mounted on the dashboard of a vehicle and are basically used as a security camera for the duration of the trip. Since the early 2000s, dash cameras have become popular for commercial and private use, as they capture roadside events such as checkpoints, driver safety, and accidents. There are many benefits to equipping your car with a dash cam, especially if an incident occurs where specific details are disputed.

Imagine that you were at an intersection and the offending party provided the officer with a different version of what happened than the version you are telling. Being charged with an accident could not only damage your driving record, but also increase your insurance premiums. In this case, a dash cam could help provide a clear picture of events as they unfolded and help prove the other driver was at fault. While there might be an upfront cost, having a dash cam could potentially save you money in the long run. Bankrate’s insurance editorial team have put together a list of what to consider when installing a dash cam in your car.

How Dash Cams Can Impact Your Car Insurance

Typically, insurance companies do not offer discounts to drivers specifically for having a dash cam in their vehicle. However, the potential benefits of having a dash cam shouldn’t be overlooked when looking for cheap car insurance. In fact, equipping your car with a dash cam can indirectly impact your auto insurance in several positive ways due to their nature of acting as a witness to certain incidents:

Have a record of your accident

No one wants to have a car accident, but accidents do happen sometimes. If there is any doubt or the question of who is responsible for the accident, the complaints process can quickly get messy. In some cases, lawsuits can be brought against your word against that of the other driver and you could end up being held responsible or at least partially at fault. Being convicted of an accident could prevent you from recovering damages from the other party’s insurance or require you to pay out of your own insurance coverage for repairs, which usually involve a loss. premium increase.

One of the best ways to avoid a “he said, she said” situation is to rely on your dash cam footage. If your dash cam recorded the accident as it happened, the video could help eliminate or mitigate any fault issues during the claims process. A video from a dash cam might even provide enough evidence to speed up the process and help you settle the claim faster.

Fight against insurance fraud

Auto Insurance fraud is far too common. If someone tries to get you involved in a staged accident to receive a fraudulent claim payment, the result can be disastrous and cost you thousands of dollars in legal fees and increased insurance premiums.

Having a video recording of these events could help protect you against insurance fraud. If you believe you have been involved in auto insurance fraud, you should contact law enforcement and turn in any video evidence you have as soon as possible.

Any recorded evidence of suspected auto insurance fraud can also go a long way in settling your case with your insurance company.

Make you a better driver

Safe driving practices take years to master. If you’re a new driver or have had a few close calls while driving recently, you might want to review your dash cam video to see what could be done differently next time. Taking the time to refine your technique could save you from a car accident in the future.

Safe driving also directly affects the price you pay for auto insurance. If you can avoid tickets and car accidents for a few years, many auto insurers will reward you with a good driver’s discount, which can significantly lower the cost of your monthly premium.

Capture unexpected events

While car accidents are always a danger while driving, there are many incidents that damage your car while parking. If your auto insurance policy includes full coverage, then incidents that damage your car such as theft, vandalism, falling tree branches and fire damage are usually covered.

Suppose one of these damaging events happens and your dash cam captures them. In this case, the video from the camera should greatly strengthen your claim and speed up the process of repairing your car through your insurance.

If you live in rural areas where wildlife crossing can be dangerous, having an on-board camera that records the moment of impact can also help your insurance claim. To file a claim of this nature, you will generally need to have full coverage in your policy.

Monitor your teen’s driving

It is well known that the addition of a teen driver on your policy is an expensive policy change, as statistics show that teenage drivers are more likely to be involved in an accident compared to other age groups. Due to their lack of driving experience combined with a tendency to make riskier decisions, insurance companies generally rate teenage drivers as high-risk motorists and charge a high premium for even basic liability coverage.

While the insurance company won’t necessarily cut your costs just because you have a dash cam in your teen’s car, your teen may be more aware while driving knowing they’re being watched. You can monitor whether your teenage driver is obeying the traffic laws, speed limits, or passenger limits, and resolve any issues before a traffic ticket or accident happens. You may even enjoy the added peace of mind while your teenager is on the go.

Act as a security camera

Even if it is locked, there is usually no way to monitor or protect your vehicle when it is parked unattended, especially if you are not nearby. In cases of vandalism or theft, there is usually little or no evidence of who committed the crime if there were no witnesses. While comprehensive coverage can cover damage, recovering stolen items is almost impossible when there is no one to be at fault. However, a dash cam can serve as a first-hand witness if there is enough dash camera footage to help law enforcement locate the offender and in some cases. cases, even recover your lost items.

Are Dash Cams Worth It?

While there might not be any discount on dash camera insurance in the United States, a dash cam can still help protect you against insurance fraud. Additionally, installing a dash cam can help you with the insurance claim process, adding convenience to your insurance experience.

However, the benefit you might get from a dash cam largely depends on how often and how much you use your car, as well as how much you spend on the camera. Generally speaking, a reliable dash cam costs at least $ 100, with higher end models costing hundreds of dollars.

The cheaper models usually don’t have their own screens for viewing, don’t contain an internal battery, and have few features other than HD recording. Top-of-the-line models usually come with a lot of features such as their own display, extended battery life, and built-in GPS.

Additionally, some models are easy to install yourself, while others may require professional installation. You need to keep in mind what you want your dash cam to accomplish before making a purchase and make sure that it is working properly before relying on it for any kind of video evidence.

Frequently Asked Questions

Can you get a discount for having a dash cam?

Although most insurers in the United States do not currently offer discounts to policyholders with dash cams, the choice of installing one can provide important video documentation when making insurance claims and charges. fraud.

If there is a dispute or issue after you file a claim, a dash could be the deciding factor for a successful claim and could save you thousands of dollars in expenses.

How much do on-board cameras cost?

Most dash cams available in commercial markets typically cost between $ 100 and $ 500. For example, a APEMAN C860 Dash Camera costs around $ 100, depending on where you buy it, and comes with basic features.

On the other hand, a Nextbase 522GW Dash Camera will set you back between $ 260 and $ 300, depending on where you buy it, and this camera comes with most of the features you would want in a reliable dash camera. For example, the dashboard camera can automatically alert emergency services following an accident.

The Nextbase 622GW 4K Dash Camera is one of the most advanced on the market, with features like image stabilization and precision GPS. But this high-end camera costs around $ 400 + at the moment.

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