Simple car tool that could save you a huge £125 on insurance - and improve safety
The cost of car insurance has increased by 43 per cent in the 12 months leading to April 2022, new research shows. However, there is one simple way you could save money on your insurance policy
Motorists across the UK are feeling the pinch as car insurance premiums rocket, prompting a scramble for cost-cutting measures.
Eye-opening figures from Confused.com reveal that car insurance prices have surged by a staggering 43 percent in just one year up to April. But there's a silver lining: a simple car gadget could not only bolster your vehicle's safety but also potentially slash your insurance costs.
A dashcam installation might be the ticket to cheaper car insurance, with Uswitch suggesting savings of up to 20 percent. With the Association of British Insurers reporting an average motor insurance cost of £627 per annum, drivers could pocket nearly £125 annually.
Paul Daly, Director of InsureDaily.co.uk, commented on the trend: "A growing number of insurers recognise the value of dashcams, as they not only help identify fault in the unfortunate event of an accident but also protect against potential insurance fraud. Dashcams have a significant role to play in insurance claim disputes, as they provide unbiased and reliable footage, which can be the decisive factor in establishing the chain of events leading to an accident."
Dashcams offer the crucial advantage of delivering impartial and trustworthy evidence in case of a road mishap. This footage is invaluable for insurers when determining accountability for the incident.
Mr Daly remarked: "By eliminating the 'he said, she said' disputes that can often arise, insurers can save significant administrative costs, savings that can potentially be passed back to policyholders through the means of discounts. In fact, in some cases insurers will offer to either reduce or waive the policy excess when a dashcam is fitted".
Dashcams are not only instrumental in thwarting fraudulent insurance claims but also shield drivers from spurious allegations that could bump up their premiums. The amount you might save on car insurance by installing a dashcam depends on your insurer's policies.
It should be noted that certain insurers may not adjust their quotes whether or not a dashcam is present in your vehicle, while others might offer varying discounts based on the dashcam's type and quality.
Should you be uncertain about whether your dashcam will secure you a discount on your car insurance, it's advisable to consult with your provider before finalising any quote.
