Insurance fraud has increased significantly over the last few years, with “crash for cash” scams on the up. Industry body the Insurance Fraud Bureau has produced figures that show that such scams cost the insurance industry £392m per year, and account for one in seven of all personal injury claims.

Because crash for cash scams affect the whole insurance industry, they also affect every driver as insurers increase premiums across the board to recoup some of their losses. But is there any way in which you can help to cut insurance costs, both for you and for the industry as a whole?
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The answer is yes: by installing an in-car camera to help to protect against any fraudulent insurance claims. The idea is already widely used in other countries: in Russia, for example, almost every car has a camera on its dashboard as law enforcement is lax and the Russian legal system will rarely take first hand accounts of traffic collisions as evidence.

The premise is simple: choose a company that offers in-car camera technology, purchase your camera, mount it on your dashboard and keep driving as normal. In the event of a collision or other accident, you’ll have a video record of what actually happened, making it easier to process any resulting insurance claims and making it more difficult to make fraudulent claims.

These cameras will involve a cost upfront – generally from around £80 for a basic model to £400 for a top spec model with both front and rear cameras – but the potential savings are enormous. Not only could in-car camera owners save money on the legal costs and potential repair costs that could come from being unwittingly involved in a crash for cash scam, but they could also see their insurance premiums slashed as a result. Some mainstream insurers are offering discounts of up to 15% to those who have a working and fitted camera on their dashboard.

This means – particularly for young drivers whose premiums can be £2,000 per year or more – that the cost of the camera will pale into significance compared with the insurance savings that can be made. And with the added benefit of reducing fraud too? You can’t say fairer than that.