Sales of dash cams are soaring in the UK – helped by car insurance companies beginning to offer significant premium discounts for drivers who use them
Dashboard cameras are becoming more and more popular in the UK, as everyone from new drivers to taxi and Uber drivers use them to record their journey.
New data from retail analytics firm GfK has found that sales of dash cams have increased by a massive 671% in the UK over the last two years – which has been helped by insurance companies starting to get in on the action and offering big savings to motorists who invest in a dashcam.
Why insurance companies reward dash cam users
Motor insurers are beginning to reward drivers who use a dash camera because they can provide a full picture of exactly what happened in a car accident – rather than having to rely on statements from the drivers. This is quite a big deal, as a recent study by uSwitch found that more than a quarter of innocent drivers were unable to prove they were not at fault for an accident due to the lack of independent evidence – meaning they have to accept a portion of liability for the accident and losing their No Claims Discount.
- Dash cams – a complete guide
- New AI dash cam app Nexar aims to help make the roads safer
- The best reversing cameras
However, now that many insurers have begun to accept footage recorded by dash cams as evidence when reviewing a claim, they are not only able to make much better decisions with regards to who was at fault they can also speed the process up – which helps reduce the cost of claims and therefore the cost of premiums.
The savings for the insurance company can be so great that some insurers have now begun to offer discounts to drivers who have a dash cam.
For instance, Swiftcover are currently offering discounts of up to 12.5% for those with a dash cam installed. SureThing! offer a 20% discount and Adrian Flux are offering car insurance policies with discounts of up to 15% if you use a pre-approved dash cam.
How much do dash cams cost?
Perhaps the biggest player in the dash cam market currently is Nextbase, and their basic model – the Nextbase 112 Dash Cam – can be bought for as little as £38.95.
There are a lot of other models available which boast a variety of features, some of which can cost as much as £249.99.
Although the cheaper option is often the most attractive, it is important to consider other features – particularly the picture quality, reliability and battery length – before making your choice. There’s no point buying a dashcam at all if it fails to record when you need it the most.
How to reduce car insurance premiums
It’s no secret that car insurance has been getting more and more expensive recently. According to recent research by the AA the average cost of a comprehensive car insurance policy has risen by 12.9% in the past year – which amounts to an extra £73.42 on the average cost which now stands at more than £680.
Part of this is due to the Government’s continued increased to the Insurance Premium Tax, while recent rises have also been linked to the changes in compensation awards that are paid to victims of road traffic accidents.
Dashboard cameras are just one way in which motorists can reduce the cost of premiums and find more affordable cover. Another way is to always shop around at renewal time and compare prices to make sure you get the best deal.