Does Having a Dashcam Reduce Your Insurance Costs?

Find out if dashcams can impact the cost of your car insurance.

As the name suggests, dashcams are small cameras that drivers can mount on their car’s dashboard or windshield.  These cameras are designed to capture traffic and road conditions, as well as the actions of the driver.  Dashcam footage is particularly helpful when it comes to documenting what happened during a car accident.  Because dashcams provide an unbiased account of accidents and other driving issues, many drivers wonder if having this technology will unlock discounts on their auto insurance.  Curious to know if having a dashcam will help you save on your car coverage?  Then here’s what you need to know about dashcams and the cost of your personal insurance in Dallas, Texas.

Auto Insurance Discounts

Unfortunately, there aren’t any major insurance companies that currently offer dashcam-related discounts.  However, because dashcams can play such a significant role in the auto insurance claim process, experts predict that carriers will start offering discounts as dashcams become more popular with drivers.

How Dashcams Can Help You Save on Your Car Coverage

While there aren’t any official auto insurance discounts for having a dashcam, this doesn’t mean that they can’t help you save.  In fact, there are several ways in which dashcam footage can save you money on your car insurance.  Consider the following:

  • If you are unfairly ticketed, the footage from your dashcam can support your story and help you dispute the ticket. Not only would that save you from having to pay the fines associated with the ticket, but it will also ensure that your insurance rates do not go up 15-20% following the ticket.
  • Dashcams can show that you are not at fault for an accident. This can ensure that you are not held responsible for expensive repairs, medical costs, and legal fees.  As with the speeding ticket example, this will also save you from having your insurance premiums increase following the crash.
  • Finally, dashcams can also help you recoup your money after your car has been vandalized or stolen. Because the footage captured by the camera can be used to identify and track down the criminals, you can get the money they owe you for repairs or replacements.

This is what you need to know about dashcams and car insurance discounts.  Do you have more questions about saving on your personal insurance in Dallas, Texas?  If so, then contact the experts at Champion Commercial Insurance.  We are ready to assist you with all your car coverage needs today.

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