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Dash cams cut car insurance premiums

BANGKOK: An order forcing insurers to give a 5-10% discount on net auto insurance premiums for vehicles equipped with dash cam TV cameras has came into effect.

transport, technology, accidents,


Bangkok Post

Tuesday 23 May 2017, 03:14PM


By law, insurance companies are now required to reduce auto insurance premiums by 5-10% for customers who present photographic evidence of dash cam installation in the front of their cars.
By law, insurance companies are now required to reduce auto insurance premiums by 5-10% for customers who present photographic evidence of dash cam installation in the front of their cars.

The order, signed by Suthiphon Thaveechaiyagarn, Secretary-General of the Office of Insurance Commission, was published in the Royal Gazette on Friday (May 19) with immediate effect.

According to the order, insurance companies are required to reduce auto insurance premiums by 5-10% for customers who present photographic evidence of dash cam installation in the front of their cars. Car owners are also required to ensure the cameras are functional during the period of insurance coverage.

The rule applies to all types of vehicles.

The cameras are deemed a useful tool that will help reduce disputes after road accidents.

 

Read original story here.

 

 

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Rorri | 24 May 2017 - 07:39:35

Government forcing private industry to give a discount, sorry very wrong, but hey, I guess premiums will go up to cover the "lose."

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CaptainJack69 | 23 May 2017 - 21:03:13

Excellent news. Of course you need to have one of these anyway, insurance discount or not. Don't stop with a forward looking one either, put one in your back window too.

My question is about the insured parties requirement to "ensure the camera's are functional", how will the company's check this? Maybe a commensurate reduction in payout if the camera is not found to be "functional"?

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