Do dashcams reduce insurance?

All leading motor insurers are now accepting dash cam footage as evidence to be used in the event of a claim, some insurers even offer annual discounts of up to 20% to drivers who use a dash cam.

What discount is available for using a dash cam?

There are many ways a dash cam can benefit you financially. Firstly, there is the initial saving on your insurance. For young drivers, especially with high premiums a 20% saving can be a considerable amount of money.

Even for others with premiums of £500, this still can mean a saving of £100 which can easily cover the cost of a dash cam. Currently insurers like Swiftcover and SureThing! offer direct discounts for dash cam owners so it’s worth having a look at these when you renew.

It’s not just the savings when you buy your insurance that people with a dash cam are keen to make use of. If you are ever in an incident, there is also the fact that the dash cam footage can be used to prove you were not at fault and therefore save your No Claims Discount.

Nextbase have recently surveyed the top 41 major insurers and all now accept dash cam footage as proof on an incident. So no matter who your insurer is, a dash cam can stop you losing this discount that you may have spent years building up. For many people, your No Claims Discount can be a significant saving on your policy with some being around 75%.

How do dash cams help reduce insurance premiums?

Using a dash cam enables insurance companies to accurately and quickly establish liability of fault, using video footage to act as an independent witness to settle disputes.

One example is “crash for cash”, when another driver brakes in front of you on purpose with the intention to make a claim against you. Currently these scams add £50 to everyone’s premium, resulting in a total cost of £392 million. As a dash cam owner, you can combat this fraud as you will always have an independent witness to any incident and be able to prove exactly what happened.

How to use dash cam footage for insurance claim?

To prove what happened in the event of an insurance claim, you can simply send the dash cam footage directly to your insurer for viewing. This can easily be done using the Nextbase Cam Viewer App (for Wi-Fi enabled models), via an email file transfer or by physically sending the SD card.

If you have dash cam footage to prove you were not at fault in an incident then it makes it much easier to settle your claim quickly and in your favour. As well as being used for insurance purposes, dash cam footage can also be used as evidence in court should you ever need

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