Before we go any further, simply installing a dash cam will have no effect on your car insurance rates.
But, dash cams could save you thousands of dollars a year how much you pay for car insurance. They can even help you avoid demerit points on your driving record.
So, if having a dash cam doesn’t lower your insurance rates, how can it save you money on car insurance?
3 Ways That a Dash Cam Footage Can Reduce Your Insurance Premiums
Insurance companies in Canada do not offer insurance discounts just for having a dash cam in your car. But there are ways that the footage captured by your dash cam can help you avoid increases in your insurance rates.
Determine Who’s at Fault in an Accident
Your insurance rates may go up if you are found to be ‘at fault’ in a traffic accident. You may be found to be anywhere from 0% to 100% at fault. Insurance companies may raise your rates if you are found to be 50% or more at fault in an accident. Your dash cam footage can help prove that you are not at fault, or at least not mostly at fault for an accident.
Fight Traffic Tickets
If you dispute a traffic ticket, it’s usually your word versus the police officer’s evidence. And you know who will win that one. Being convicted of a traffic ticket offence, especially for moving violations like disobeying a stop sign, can trigger an increase in your insurance rates. However, your dash cam footage may prove that you are not guilty of the offence.
Show You Are a Victim of Fraud
Unscrupulous drivers are known to stage accidents by stopping in front of you and reversing into your vehicle. They will claim that you ran into them. But your dash cam footage may prove otherwise.
When Your Dash Cam Footage Isn’t Enough
Sometimes your dash cam footage may not be clear, or might not capture the incident. And, even if it does, the footage might not be enough by itself to help you avoid increases to your premiums.
In those cases, X-Copper’s team of former police officers and top traffic ticket defence lawyers are experienced in defending against traffic tickets and claims that you are at fault in an accident.
If you would like to learn more about disobeying stop sign charges, check out our article “What You Should Know About Failure to Stop at a Stop Sign Tickets“.
