Car owners in Australia widely use dashcams. The dashcam footage can serve as vital evidence during car insurance claims. At the same time, some car owners wonder if this added car feature could reduce their vehicle insurance premiums?
Whether you have a dash cam or not, you will still need to pay your excess when claiming if you were at fault in a road incident involving your car. Your dashcam recordings will prove who was at fault even when you have the best car insurance. After making a claim you will likely pay a higher premium at policy renewal because your insurer will consider you a higher risk as a driver..
In contrast, when you are not at fault, your no-claims rating remains stable, and your car insurance provider can negotiate with the at-fault party or their insurer to get you rightful compensation for the accidental loss or damages.
Dash cam footage will help you prove you are not at fault, so in that way the cam is positive and could help keep your premium down.
Submitting claims is pretty simple and speedy with car insurance online services most insurers offer. Get in touch with your insurer online for quick assistance. Meanwhile, we will further explore if dashcam installations affect your premiums and whether they prove helpful while claiming in case of unanticipated road accidents.
Will dashcams lower my vehicle insurance?
Dashcams can monitor activities around your vehicle when parked or left unattended. They can offer video evidence in case of road incidents, theft, and vandalism. These devices do not provide additional security to your vehicle but act as a witness to an incident.
Therefore, they do not reduce unexpected road risks that can lead to insurance claims, which is why insurers don’t consider dash cam installation an aspect of premium calculation. The presence of this device is generally not considered during policy pricing, but the footage can come in handy when raising claims for covered events.
What are the savings of having a dashcam in my car?
Dashcam footage can help you identify who was responsible for an accident, thereby lowering the possibility of disputes arising at the time of claims. You can sigh a breath of relief as the visual evidence can speed up the claims process and help you get your compensation sooner.
The footage also enables the vehicle insurers to assess the role of both parties in the incident, ascertain the percentage of negligence, and prove the guilty party’s contribution to the unfortunate event. Dashcam footage is of substantial use when settling legal liabilities.
Do dashcams count as car modifications?
A device that doesn’t alter your vehicle’s performance, handling, or safety won’t be termed a modification in relation to insurance pricing. Some dashcams only function when the car is running. Hardwired dashcams can be considered vehicular modifications by insurers as they may not be a part of standard car features provided by the manufacturer, but they likely won’t affect the premium.
So, discuss with your insurer about having a dashcam installed in your vehicle and learn how it can affect your car insurance premiums and ability to achieve a quick claims resolution. Later, you can weigh the expenses involved and potential savings you can make before deciding.
Further, you can have a dashcam to monitor young and/or inexperienced drivers using your vehicle frequently. You can periodically review the recorded footage for reckless driving and counsel them to comply with road safety rules.
Dashcams may not get you competitive premiums, even with the best car insurance. Instead, you can avail of the exclusive driver, first-timer, claims-free, and other discounts on premiums when purchasing car insurance online.