We’re all on the lookout for ways to save money and when it comes to car insurance, all drivers are keen to shop around to find the best, most suitable policy for their needs and vehicle. On top of that, we all want to know what we can do to keep our own insurance premium down, so when a relatively new piece of technology comes along, the question that needs to be asked is how much will it actually help you to save money?
In this case, the subject is the dash cam. With almost 11 million drivers utilising them at present, their popularity is clear, and some drivers find their presence on their dashboard or windscreen comforting. Given that they function to record your driving, they are certainly a valuable resource when it comes to settling claims in the event of an accident, but consumer advisor Which? have revealed that their usage comes with a sting in the tail.
Their research has identified that only four insurers will offer drivers a discount on their policies if a dash cam is installed on the vehicle in question, with some only offering a reduction in the event that a specific camera is installed.
Any dash cam could also have unintended consequences for your premium, as its presence in your car could count as a modification and thus cause an insurance provider to increase it.
The reason for this simple; dash cams have yet to statistically prove that their use can make drivers safer on the roads, meaning that insurance providers can’t take them into account when it comes to calculating what you should be paying for your policy and premium.
“Dash cams are a useful tool when it comes to settling a claim, particularly when there is a dispute as to where the fault lies,” offered Dominic Stannard from the Association of British Insurers. “However, the use of a dash cam doesn’t necessarily make a driver any less likely to be involved in an accident and will, therefore, have a minimal impact on a consumer’s level of risk.”