Cheaper insurance premiums for cars fitted with dash cams

PUBLISHED ON SAT, MAY 20, 2017 11:42 AM

Cheaper insurance premiums for cars fitted with dash cams

 

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Image: Thansettakij

 

Drivers who fit dash cams to their vehicles are set to enjoy cheaper insurance premiums.

Regulators have agreed to allow insurance companies to lower their rates to drivers who have fully functioning CCTV devices in their cars as the devices can be used for evidential purposes.

The order was published in the Royal Gazette on Friday.

 

Thansettakij reported that savings of between 5 and 10% could be made on premiums.

The move is seen as encouraging more people to fit the devices.

Devices must be fitted at the time insurance contracts are signed and be operational on every journey.

Dash cams have increasingly been used to settle disputes in road accidents with savings made by insurance companies now being passed onto consumers, said Thansettakij.

 

Source: Thansettakij

 

 

 
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