Dashcam Insurance Discount
Not too long ago, dashcams were only seen in police cars. These days, however, they can also be seen installed in private, business and company vehicles, too.
Should you follow suit and have one sitting pretty on your dashboard? Read on. Below are some of the most important matters you need to know about having a dashcam. This article will also tell you if its installation can save you from shelling out huge sums of cash for your car insurance premiums.
What is a Dashcam?
Also sometimes known as a dashboard camera or car DVR, a dashcam is a device that sits on the dashboard to serve as a silent witness to every event that takes place while you're driving. It can also record even if the ignition is turned off and your car is parked in your driveway or a convenience store parking lot.
By the way, despite of its name not all dashcams attach to dashboards - some are designed to be attached to rear-view mirrors.
Refrain from assuming that you don't need a dashcam because you have proven time and again that you're a good driver. Always keep in mind that not all drivers out there are as good as you!
It's true that a dashcam is not a device for fending off accidents. However, it can provide much-needed proof in the form of a video during accidents - it offers an unbiased account of what really took place.
Many of today's dashcams are designed to do many things other than just record videos. For instance, there are some models that come equipped with GPS that records your location as well as direction you're going. A lot of these devices can also be accessed using smartphones, a feature that can come in handy when your car is parked and you cannot keep an eye on it all the time.
Some dashcams are also capable of recording the interiors of vehicles. If you are a cab or rideshare driver, having one can certainly work to your advantage.
Will It Help You to Save Money?
Did you know that a single car collision in which you are proven to be the one at fault could instantly raise your premiums by a whopping 50 to 80 percent?
That's why it is a must to have yourself saved from being the one held accountable for a road accident. And just in case the unthinkable strikes, it's of utmost importance for you to prove your innocence to ensure that your car insurance rates won't go sky-high all of a sudden.
Perhaps you're well-aware of the fact that car insurance companies charge lower monthly premiums for vehicles with automatic seatbelts, side airbags and other safety features. Unfortunately, in the US currently there are no major car insurance companies offering discounts to vehicles with dashcams.
But that's okay because the important matter is that the presence of one could help keep you from paying higher monthly premiums. These days, dashcams are easy on the pocket - some are as low as $20.
Some other perks to enjoy for installing a dashcam include:
- Lowered risk of being slapped with an insurance fraud lawsuit
- Expedited claims investigation process
So in other words, even though there are no dashcam-related car insurance discounts currently in existence having one in your car can help to save money as well as time in the long run.
What Should be Done Before Installing One?
There's no denying that there are many perks that come with the installation of a dashcam. This is why right now you may have the irresistible urge to dash to the nearest electronics store or log online to get your hands on a dashcam. Before you do that, however, there are a few steps that need to be taken first.
One of the most important things to do before deciding to buy a dashcam is find out if it's legal where you live to have the device installed.
It's true that in most areas on the planet the installation of a dashcam is permissible. However, it pays to double check beforehand in order to keep you from potentially paying steep fines or even landing behind bars.
For instance, there is the question of obstruction of view from your windshield. It's not really a good idea for you to place something on your dashboard that can keep you from viewing the road trouble-free. Some dashcams are actually on the bulky side and, just like what's mentioned above, there are also those that are designed to attach to rear-view mirrors.
By the way, in some states or countries dashcams that attach to rear-view mirrors are considered illegal. Certainly, having a dashcam that obstructs your view to some degree could lead to your being pulled over.
There is another reason why it's a good idea for you to first check dashcam-related law or municipal code in your area: privacy concerns. This is most especially true if the dashcam you are eyeing is capable of recording not only video but also audio. Clearly, you are doing something illegal if the dashcam you have in your vehicle is recording conversations without all the participants knowing about and agreeing to it.
The bottom line: it pays to check before you pay for a dashcam!
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$81|
|5-yr Claim Free||$86|
|Paid in Full/EFT||$47|
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Discounts are estimated and may not be available from every company or in every state.