Dash cams cut premiums
An order forcing insurers to give a 5-10% discount on net auto insurance premiums for vehicles equipped with dash cam TV cameras has become effective.
The order, signed by Suthiphon Thaveechaiyagarn, secretary-general of the Office of Insurance Commission, was published in the Royal Gazette on Friday 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.