An expert has revealed a super cheap gadget that could save you thousands of pounds.
He warned drivers to protect themselves using the clever £10 device which can be inserted into a car in just seconds.
Paul Daly, director of InsureDaily.co.uk, explained that more and more insurers are realising the value of dash cams.
This is because it not only helps identify who is responsible for the accident, but also helps protect you from potential insurance fraud.
He said: “Dash cams play a key role in insurance claims disputes because they provide unbiased and reliable footage that can be the deciding factor in uncovering the chain of events leading up to an accident.”
He added: “By eliminating frequent ‘he said, she said’ disputes, insurers can save significant administrative costs, which can be passed on to policyholders through discounts.”
Paul explained that in some cases, insurance companies will reduce or waive your insurance deductible if you have a dashcam.
As well as preventing insurance fraud, dash cams could also deter “accident financial fraud” which is a growing concern on UK roads.
These scammers deliberately cause accidents to collect insurance claims, putting innocent drivers at risk.
Dash cam footage can capture these activities, preventing false claims and potentially leading to lower insurance premiums for everyone.
Although few UK insurers currently offer explicitly dash cam-related premium discounts, it’s important to remember that the device may indirectly lower your premiums by preventing false claims.
Having a dash cam could mean the difference between a no-accident discount and a higher claim payment, which could impact your premiums for years to come.
of future The uptake of dash cams and car insurance in the UK looks promising. More insurers are advantage As dash cams become more widespread, we are likely to see a clearer link between dash cam ownership and reduced auto insurance premiums.
But until such a practice becomes widespread, drivers should consider the indirect benefits of owning a dash cam.
B&Q is selling a Full HD 1080P driving recorder for just £9.99, but it’s only available online and not in stores.
Benefits of owning a dashcam
InsureDaily.co.uk lists five benefits of owning a dash cam.
- Accident evidence – Dash cams record real-time, impartial and reliable evidence in the event of a traffic accident. This footage is crucial in establishing the sequence of events leading up to the accident and ultimately determining who was at fault.
- Protection against fraud – Having a dash cam acts as a deterrent against insurance fraud, as any fraudulent activity can be caught on footage, protecting drivers from false claims and potential premium increases.
- Parking Protection – Some dash cams have a parking mode that will continue recording while your car is parked, meaning they can provide video evidence if a hit-and-run or vandalism occurs while you’re away from your car.
- Encouraging safe driving – Drivers will be more likely to behave responsibly on the roads when they see their driving behavior being recorded, which will also lead to fewer road accidents and make driving safer for everyone.
- Easy reporting to insurance companies – Dash cams provide concrete footage that can be used when reporting an accident to your insurance company, which can speed up the claims process and eliminate lengthy investigations.