Can a dash cam help you save on car insurance?
Are you one of the many Canadian drivers who has a dash cam installed in their car? As car safety technology continues to advance, dash cams are becoming increasingly popular. With models available for under $100, many drivers are wondering if installing a dash cam is worth it.
While most insurance companies in Canada do not currently offer a discount for having a dash cam installed, the footage could indirectly result in big savings – including preventing increases to your car insurance premium. Here’s how:
1. Determining responsibility in a collision
In the unfortunate event of a collision, your dash cam footage can act as an additional witness to help determine who was involved and who was at-fault. Even in a no-fault insurance system, an at-fault accident can lead to an increase in your insurance premium. Having dash cam footage to prove you were not at fault could save you from a premium increase – especially when there are conflicting testimonies from the drivers, cyclists or pedestrians involved.
2. Fighting traffic tickets
Receiving a traffic ticket could cause an increase in your car insurance premium. Your dash cam footage could be used to help dispute a ticket and avoid a fine and an increase in your premium.
3. Catching incidents of fraud
Car insurance fraud rings and staged accidents are an unfortunate reality and a danger to everyone on the road. Having a dash cam could help to protect you, as the footage can show what really happened. Not only will catching the fraudsters in a lie save you from adding an accident to your record, but it will also help to reduce the number of fraudulent claims made overall. Fraudulent car insurance claims can lead to increased premiums for everyone, so taking preventative measures against fraud can help to limit the cost of car insurance for all drivers.
4. Improving your driving
Whether you are a new or seasoned driver, reviewing your dash cam footage can help to improve your driving skills. Watching the recording can help you identify areas for improvement and understand what you can do better in the future. Safe drivers are sometimes eligible for a discount when they have not had any violations in three years.
Looking for ways to save on car insurance? AGR Insurance Brokers has competitive rates on auto insurance. Plus, our brokers can offer you a variety of insurance options to suit your needs, including car, home, condo and tenant insurance. To review your current policy or to get a quote, call AGR Insurance Broker’s today at 1-800-668-0250.