Dashcams & Car Insurance
Do I get an Insurance Discount with a Dashcam?
Australian research (by Nextbase) shows that most drivers are likely to install a dash cam if it meant a discount on insurance. But before you get too excited, having a dash cam installed in your vehicle won’t save you a cent on car insurance.
Not today.
Australians would buy a dash camera if they could get a discount on their car insurance premiums.
Insurance companies are happy to look at car camera footage. Proving causation of an accident could save you the excess when making a claim. Aside from the obvious camera as a silent witness, meta-data such as time, location, date and speed are recorded.
40% of Australians would install a Dash Cam if it meant they received an annual discount of $100 on their car insurance. This figure rose to nearly two thirds of the country’s motorists if they were able to receive up to $150 off their car insurance.
Dash Cams hard-wired to your vehicle battery (such as the incredible T700 which is now on special) can automatically start recording while your car is parked – even if you aren’t there. You can use your dashcam footage to thwart vandals, catch hit-and-run or road rage offenders, or even monitor the entrance to your home (or at least your home garage).
Proving causation of an accident in any way will support insurance claims.
Having said all this, with so many Australians vying for dash cam insurance discounts, it might only be a matter of time.
