4 Ways Dash Cam Investment Pays Off (2024)

Having all the information about everything worldwide at your fingertips is how we live our lives today. Technological advancements have made our lives simpler by automating tasks and processes. The business world significantly benefits from innovative solutions, improving operations and efficiency.

The automobile industry has always been at the forefront of tech developments. From cutting-edge solutions and sensor-based technology to GPS tracking and security systems, owners can now equip their cars with the latest technology and enjoy driving comfortably.

But one of the latest advancements is the dash camera. A small camera is implanted on the car’s dashboard and records everything happening on the road. Dual-facing dash cameras have an inward lens that captures footage inside the cabin.

Dash cams help improve the overall safety of the vehicle and fleet operations. Providing an unbiased view of vehicle trips, dash cameras have become a quintessential device for fleet businesses. Nevertheless, many fleet companies are sceptical that investing in dash cameras is a good idea. Does a dash camera provide positive ROI? Does a dash cvamera reduce expenses? etc.

4 Ways Dash Cam Investment Pays Off (1)

Here’s how dash camera investment can pay off!

Undoubtedly, investing in dash cameras is the best decision fleet owners can make. Other systems like telematics offer comprehensive control, but certain escape clauses couldn’t solve some fleet management challenges. For example, how do we monitor drivers’ behaviour inside the vehicle or what exactly happened on the road during an accident? A dash camera can fill these gaps and enhance vehicle fleet performance.

Reduce Accidents

Human distraction is the reason for 80% of the accidents. The bigger problem is rough post-accident investigations wherein everybody tries to determine the cause of accidents. Dash cameras can solve this challenge quickly with their video footage. Dual-facing dash cameras can tell you inside the cabin and on-the-road activities during an accident, helping to understand the cause of it.

Cutting-edge dash cameras are equipped with AI sensors that detect if the driver is tired, distracted, or sleepy and alert both the driver and fleet manager. They also monitor driving behaviour that notifies fleet admins of excessive speeding, cornering, etc., supported with video footage.

Thanks to the live streaming feature of the dash camera, car owners can remotely view such actions in real-time. This way, dash cameras reduce the chances of accidents and related expenses, fostering safety and savings in maintenance expenses.

Insurance Benefits

Insurance companies can take substantial time to pay claims without evidence during accidents and collisions. Determining who did what is time-consuming and sometimes can lead to manipulative decisions. Also, long-haul truck drivers are held responsible in most accidents, even if they’re not at fault.

Dash cameras can eliminate all the guesswork and provide insurance agencies with proof through the video footage. Plus, dashcam provides actual footage before and post the accident so that insurance agencies can cross-check only the crucial aspects without the need to fast-forward or rewind the footage. This helps fleet companies to claim insurance payout faster and with minimal hassle. They can protect their drivers and get paid for the damages.

Prevent Fraud and Theft

Criminals who cannot steal a vehicle can resort to other ways to earn money. And if they see a high-value vehicle, they’ll try to do anything to get their hands on it. These criminals tend to intentionally come in front of the car, fake an accident and injuries, and extort money from drivers for damages. In these circ*mstances, proving that your driver is innocent is tricky.

Thanks to dash cameras, fleet managers and drivers can be assured that they can prove their innocence easily. The video footage shows what happened and helps you to put such criminals behind bars. You can save money and time–both vital for a fleet business.

Vehicle Usage and Employee Behaviour

How drivers use the vehicle and/or what they do during trips can ensure they obey all traffic and other regulatory guidelines. Telematics provides insights about excessive idling, extra kilometres, unauthorised stops, etc. But how would a fleet manager know why the vehicle often stops?

With dash camera footage, they can learn that the reason for frequent unnecessary stops is because the drivers take extra passengers and try to earn some extra money. The inside the cabin footage is critical to monitoring drivers’ habits and attitudes toward company policies. Likewise, fleet admins can take extra steps to help drivers align with company culture and fix improper attitudes.

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Worth the Investment

If you can reduce accidents, save money, and enhance brand reputation, dash cameras are worth the investment. Overall, dash cams are easy to set up and affordable, saving thousands of dollars and valuable time in several circ*mstances. More visibility and control of operations with the ability to make data-driven decision-making gives you a competitive edge, increasing the bottom line. Anything that helps to increase the bottom line is always a good investment!

4 Ways Dash Cam Investment Pays Off (2024)

FAQs

What are the benefits of a dash cam? ›

Dash cams document your driving and enable you to record anything that happens on the road. This protects you against fraudulent insurance claims, deters theft and can lower your car insurance premium. A dash cam is a small camera that can be mounted on both the front and rear of your vehicle.

Is a dash cam worth the money? ›

Dash cams can help you protect your no-claims bonus, guard against dangerous drivers and road rage incidents, even protect you from crash-for-cash scams and people damaging your car in a car park and then driving away without leaving their details. A dash cam is a record of everything that happens to you on the road.

How much should you pay for a dash cam? ›

Cost Comparison
Price RangeTypical Features
Under $50Basic recording, lower resolution, no GPS
$50 - $150Improved resolution, some with GPS, loop recording
$150 - $300Higher resolution, GPS, parking mode, Wi-Fi connectivity
$300+Top resolution, advanced features like lane departure warnings
Nov 30, 2023

What is the downside of a dashcam? ›

Disadvantages of dash cams

They can be considered one-sided. Although dash cams can be very beneficial for providing evidence in the event of an incident they may not be able to tell you the whole story of what happened. For example, if a cat or other hazard wasn't picked up in the footage due to the camera angle.

Do Dashcams have a monthly fee? ›

In general, there is no monthly fee for simply using a dash cam. However, some manufacturers may charge a monthly fee to use specific dash cam features. Cobra dash cams are supported by several different apps, depending on the model of camera, but these apps are currently free to download and use (as of 2021).

Do dashcams drain car batteries? ›

It's a common concern among car owners who want to install a dash cam for added security on the road. The good news is that most battery-powered dash cams are designed to consume very little power, so you don't have to worry about them draining your car battery.

Can police take my dashcam footage? ›

Disclosure of Footage to Authorities

If the police request access to your dashcam footage, you have the right to refuse. However, if the footage is relevant to an ongoing investigation, the police may obtain a warrant to access it. In such cases, you are legally obligated to provide the footage.

What percentage of drivers have dashcams? ›

Here are some interesting statistics regarding the use of dashcams: Adoption rate: According to a recent survey, approximately 15-20% of drivers in the United States currently use dashcams.

Do dashcams affect car insurance? ›

Having a dash cam doesn't always mean you get a discount on your insurance. But some insurers we compare might offer a discount on your insurance price if you have a dash cam installed, so it's worth mentioning it when you get a quote with us.

What is the lifespan of a dashcam? ›

- 1-2 years for good, fair/poor 6months-year, maybe less in hot climates. I keep coming across people saying they usually last a year or so, maybe a little more. Really? Very common with good/fair/poor build quality dash cams.

Do Dashcams run out of memory? ›

Remember that, even with a limited recording time, a good dash cam won't simply shut off recording once the memory card is full. Most quality cameras have continuous loop recording, which means that, when they run out of storage, they record over the oldest footage.

Do dash cameras record all the time? ›

Do Dash Cameras Record All the Time? Dash cameras are designed to record all the time when your car is powered on. Many cameras allow you to turn the power on or off manually, but most power up immediately and begin working as soon as they are plugged into a 12V power source or hardwired into the car's fuse box.

Do dash cameras record when the car is off? ›

Contrary to popular belief, dash cameras typically do not record continuously when the car is turned off. Most dashcams operate with the vehicle's ignition system, starting and stopping recording when the engine is turned on or off, respectively.

Does a dash cam record everything? ›

When using a dash cam, the camera is recording. If and when an incident occurs, you can save that footage as evidence in a court case. Since the dash cam is always recording, the only thing you have to worry about is getting that footage ASAP before the camera overwrites it.

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