Tuesday, February 21, 2012

Car Cameras Should be Used to Help Lower Insurance Premiums

One key reason for insurance premium increases is the rise in 'cash for crash' fraudulent claims. Some drivers are now unlawfully benefiting from staging accidents or purposely causing accidents. These fraudulent drivers then benefit from insurance payouts, which in turn drive up the cost of insurance premiums for honest and law abiding citizens.

In light of this fraud there is technology available to honest drivers, which are commonly known as in car cameras. These small cameras are fitted to the windshield of the vehicle and record the road ahead, inside the car and provide the driver with vital evidence should they become involved in an accident. SpyChest.com Vehicle Black Box Car Camera even records the vehicle speed, GPS location and G-forces of the vehicle with an accelerometer to display the exact forces of the vehicle before, during and after a crash. What's more these car cameras cost $299.

The benefit of such technology is that a driver can quickly submit the evidence of an accident claim to their insurance company. Without this vital evidence it can take many weeks to assign fault when two drivers are arguing over the accident.

Insurance companies have known about these 'black box' type of systems for many years.

What shocks the everyday driver is that insurance companies don't openly offer any saving to drivers for using in car cameras. This is surprising as there are clear benefits of using the in car camera DVR.

If a CC TV system can help to lower commercial buildings insurance, why can't a car camera in a car do the same?? More action is needed from insurance companies.

If they offer savings to drivers, more drivers will use these devices, which will help to enhance road safety, will prevent dishonest drivers from abusing their insurance policies and which will in turn help to lower car and vehicle insurance premiums once again.