Drivers pay hundreds of dollars each year to insure themselves in the event of an accident.
But a small device you may already have in your vehicle could be the solution to ending insurance disputes and keeping premiums low.
“Dashcams can be very useful if there’s a dispute over a claim and you want to prove that you weren’t responsible for the accident,” said Sarah Orr of Compare The Market. Sunrise.
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“Most insurers will accept and encourage the submission of dash cam footage as part of a claim.”
Each accident where you are at fault can increase your premium, so having evidence of another motorist’s actions can keep price increases to a minimum.
You might also be able to save money on your premium by increasing your deductible, knowing you won’t be falsely hit for a payment.
“You can save by having higher access,” says Orr.
“That means you’ll face a higher upfront cost in the event of a claim, but if you’re a careful driver you might weigh in and decide it might be worth the risk.”
Although insurers don’t currently offer premium discounts just for installing a dash cam, as technology advances it could become an integral part of a driver’s risk assessment. on the road.
“We’re starting to say that some insurers are using black boxes to track driver behavior and offer discounts for good driving,” Orr says.
“It is entirely possible that we will see some (insurers) start to use technology and innovation to offer good discounts in the future.”
According to Finder, having a dash cam can also stop insurance fraud, help you keep tabs on other people driving your vehicle, and improve your driving ability.
But that’s not the only way to save on your car insurance.
Keeping your insurer up to date on major routine changes, such as spending less time on the road or working more from home, could also help keep costs down.
Also consider removing unnecessary drivers from your contract, which could increase the price.
“If you had a young driver on loan on your policy and he’s grown up and has his own car, make sure he’s taken out as soon as possible because that’s something that really boosts your premium,” says Our.
Even if your circumstances haven’t changed, shopping around can earn you hundreds of dollars every year.
For example, a 30 year old customer with a Toyota Corolla in a garage and an excellent driving history – the difference between the cheapest and the most expensive offer in the Brisbane suburb of Mount Gravatt is over $750 per year.
Whereas in the Sydney suburb of Ryde and the Melbourne suburb of Northcote there is a difference of $1,100.