The Importance of Dashcams and Trackers in Motor Insurance

The advancement of technology has had a profound impact on various industries, and the insurance sector is no exception. One significant advancement in this field has been the availability and importance of both dashcams and trackers.  

These innovative devices provide policyholders, fleet managers and insurers with invaluable information that can transform the insurance landscape, enhance claims processes, and mitigate potential risks. Dashcams can provide clear, objective evidence of what happened in a crash, which can help to speed up the claims process and reduce the cost of claims. Trackers can provide valuable information about driver behaviour, and supply location information in situations where vehicle number plates have been cloned.  

Here are some of the benefits of using dashcams and trackers for drivers and fleet managers: 

Reduced insurance premiums. Insurers may offer discounts to fleets that use dashcams and trackers. This is because dashcams and trackers can help to reduce the number of claims and the cost of claims. 

Quicker claims resolution. Dashcams can supply clear, objective evidence of what happened in a crash, which can help to speed up the claims process. This is important for both the policyholder, the third party (if there is one) and the insurer, as it means liability can be decided, and that the settlement can be reached sooner. 

Reduced fraud. Dashcams play a crucial role in deterring fraud by capturing irrefutable evidence of crash incidents. This holds immense significance for policyholders, drivers, and insurers alike, as it reduces the likelihood of falling victim to scams. By having access to clear and unbiased footage of the events leading up to an accident, all parties involved can confidently defend themselves against fraudulent claims and ensure a fair resolution. 

Improved driver behaviour. Trackers offer a valuable tool for enhancing driver behaviour, allowing for the identification and mitigation of risky driving habits. This proactive approach to improving driver behaviour leads to a reduction in accidents and the associated costs of claims, promoting safer roads and reducing financial burdens for all parties involved.  

Data gathering. Trackers can also offer valuable information about the location of a vehicle, with many high-end and luxury vehicles fitted with sophisticated tracking devices. However, it has also become useful in the situation where number plates or vehicle details are cloned as the tracking information can provide factual evidence of where the actual vehicle was at the time of the incident with a cloned vehicle, this is sometimes hundreds of miles away!  

Here are some specific examples of how dashcams and trackers can help with claims: 

Narrow lane crashes. Dashcams can help prove who was at fault in a narrow-lane crash. This is because they can show the positions of the vehicles and the movements of the drivers. 

Defending fraudulent claims. Dashcams can help defend against fraudulent claims. This is because they can show what happened in a crash, which can help to prove that the claim is false or exaggerated.  

Cloned number plates. Dashcams and trackers can help identify cloned number plates. This is because they can show the actual number plate of the vehicle, which can help to prove that the vehicle involved in a crash is not the one that is registered to the driver. 

Our top tip for using dashcams is to make sure that the software is kept up to date regularly and make sure that you have a sufficiently large data card to record and store video data. 

Incorporating dashcams and trackers into your risk management strategy can improve the way you mitigate potential risks and handle claims. These devices can provide policyholders and insurers with undeniable evidence, helping to combat fraudulent claims, streamline claims processes, and enhance overall road safety.  

As the adoption of dashcams and trackers becomes more prevalent, we hope to witness a significant reduction in fraudulent claims, improved road safety, and increased efficiency in claim settlements. Embracing this type of technology has a positive impact on policyholders, insurers and fleet operators, ultimately shaping a more transparent and secure insurance landscape. 
 
If you’d like any information about how to manage your motor insurance or if you have any questions about this article, please get in touch with us at 01823 442214