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.
