What is your dashcam doing to your auto insurance?

Auto insurance - Dashcam in Car

Dashboard-mounted cameras are becoming increasingly popular, but will they impact your rates?

Have you ever wondered about what impact your dashcam could have on your auto insurance premiums, particularly in the event of a collision?

This technology is no longer exclusive to law enforcement and commercial transportation.

Dashcams were once a technology used nearly exclusively by law enforcement, and then later in some commercial vehicles such as transport trucks, in order to help provide evidence in the event of a collision or other issue. Now, they are commonplace in passenger vehicles, but many drivers don’t realize that they could have an impact on their auto insurance rates.

Auto insurance Rates - Dashcam

Depending on what happens, the impact of your technology could work for or against you, so it’s important to take several factors into consideration before installing one of these devices. Once you are informed, then you’ll have everything you need to know about whether this is an appropriate addition to your vehicle’s technology.

Is it possible for your dashcam to affect the auto insurance premiums you pay every month?

Usually, insurers don’t provide any additional discounts to drivers specifically for installing a dashcam in their car, SUV or truck. That said, depending on the circumstances, there are potential opportunities to save money on your auto insurance if you have one properly installed, especially if you are a safe driver.

Among the advantages you can have on your side if you install a dashcam can include the following:

  • A record of an incident such as a collision. Even safe drivers can be involved in a crash. The claims process could become complicated if there is doubt as to who is at fault. With a video of the incident, it is no longer a matter of one driver’s word over the other’s. That said, keep in mind that it could also provide a record if you are at fault.
  • Evidence against insurance fraud. Should someone attempt to involve you in a staged collision in order to file a fraudulent claims payout, the video evidence can help to provide proof of what truly happened, saving thousands in premiums and even legal fees.
  • Accountability. Knowing that your every move behind the wheel is being recorded can help you to be more accountable for your behavior. This can make you a safer driver overall.

Keep in mind that every state has its own laws, and every auto insurance company has its own regulations and rules. Contact your insurer to learn more about how this tech could provide you with benefits or drawbacks.

Auto Insurance FAQ’s

1. Can dashboard-mounted cameras affect my auto insurance rates?

Usually, insurers don’t provide any discounts to drivers specifically for installing a dashcam in their vehicle. However, depending on the circumstances, there may be potential opportunities to save money on your auto insurance if you have one properly installed, especially if you are a safe driver.

2. How can a dashcam provide advantages when it comes to my auto insurance?

Among the advantages of having a dashcam installed in your vehicle include:

  • Record of incidents: A dashcam can provide a record of an incident such as a collision, which can be helpful during the claims process, especially if there is doubt as to who is at fault.
  • Evidence against insurance fraud: Video evidence can help provide proof of what truly happened in case someone attempts to involve you in a staged collision to file a fraudulent claims payout.
  • Accountability: Knowing that your every move behind the wheel is being recorded can make you a safer driver overall.

3. Can a dashcam work against me?

Yes, while a dashcam can provide evidence to support your case in the event of a collision, it could also provide a record if you are at fault.

4. Does every auto insurance company recognize the benefits of a dashcam?

Every state has its own laws, and every auto insurance company has its own regulations and rules. Therefore, the impact of having a dashcam on your insurance premiums can vary. It’s recommended to contact your insurer to learn more about how this technology could provide you with benefits or drawbacks.

5. Is it worth investing in a dashcam?

While the financial implications of having a dashcam can vary, the safety and accountability benefits make it a worthy consideration for many drivers. Having a visual record of incidents on the road can help clarify situations where it’s difficult to determine fault, potentially saving you from unwarranted liability.

 

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