How Dash Cams are Changing Car Insurance and Accident Claims

Dashboard cameras have been showing up in more vehicles recently, and the market for this technology is expected to grow by more than 7.3% before 2030. Part of the reason fueling this growth is insurance companies encouraging drivers to use the technology to protect themselves against fraudulent claims in the event of an accident. Exploring how dash cams are changing car insurance accident claims can help you determine if you need one in your vehicle.

Providing Increased Documentation for Evidence

In the past, drivers often found it difficult to prove who was at fault for an accident if the other party refused to admit responsibility. This often led to lengthy insurance investigations, costly legal challenges and the risk that you might still not receive the compensation you need.

Now, a driver can produce video proof of their claim regarding the cause of an accident and use it as evidence for an insurance claim. While another driver might say that they didn’t run a stoplight, you’ll have proof that they did from your dash cam. Being able to send proof of what happened to your insurance company makes it easier for them to determine fault. 

Lowering the Risk of Scams and Insurance Fraud

Sadly, insurance companies have been dealing with scammers for years. Unscrupulous drivers could set up scenarios that created accidents that made it appear as though they were not at fault. 

For instance, a driver might back into someone and claim that they were hit from behind. Now, people often have dash cams that can prove that the other driver was trying to commit insurance fraud. Dash cam technology can also cut down on people claiming that an accident was worse than it actually was to file fraudulent injury claims. 

Streamline the Claims Process

Having the ability to see video footage of what led to the crash and the immediate aftermath makes it easier for insurance adjusters to make decisions regarding a claim. While an adjustor once had to carefully read through detailed accident reports, witness statements and damage assessments, they can quickly get a deep understanding of what happened from watching a video.

For drivers, the streamlined process means that they don’t have to wait as long to receive compensation that might be necessary to cover medical bills and car repairs that are needed right away. Keep in mind, however, that you may still need an attorney to walk you through the process of negotiating with the insurance company.

Reducing Commercial Driver Accidents

Vehicle collisions between commuter vehicles and commercial trucks can be especially devastating. Insurance companies frequently pay out large amounts of compensation for medical bills and property damage when an oversized vehicle hits a smaller car. 

When a dash cam is installed in a commercial vehicle, an accident is 60% less likely to occur compared to when one is not. Since dash cams can also provide feedback to drivers, they’re more likely to develop safer driving skills that lead to a reduced need to file accident claims.

Improving the Overall Cost of Insurance for Drivers

Paying for fraudulent claims naturally wastes money that insurance companies can use to keep rates lower and pay compensation to people who deserve the benefits. Insurance companies can also reduce the need for employees to spend valuable time going to people’s homes for inspections and analyzing every detail of a claim. 

Being able to avoid being liable for an accident that was not your fault can also help you keep your insurance rates lower. Depending on your insurance company, you might also be eligible to receive lower rates for having a dash cam in your vehicle that can help reduce your risk of needing to file a claim.

Using a dashboard camera to encourage greater driver responsibility can help prevent major collisions. After an accident, you can rely on your dash cam to demonstrate what caused the damage. In some cases, you might even be able to use videos that witnesses provide.

If the other party claims that they are not at fault, then your car accident lawyer can use the footage as evidence to bolster your claim. Considering that a small initial investment could pay off in providing you with the compensation you need to recover from an accident, it simply makes sense to ensure that every vehicle you own has a camera installed.

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