Are There Insurance Discounts Granted to People Who Use Backup Cameras?

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Though back up camera systems have become increasingly popular and will be standard equipment within the next four years, there is no insurance discounts currently offered to owners at this time.

The National Highway Traffic Safety Administration will require rear view cameras by 2016.
All vehicles must install a back up camera system by 2018.

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The National Highway Transportation Safety Administration finalized a regulation regarding rear view cameras in March of 2014.

The regulation is meant to reduce back-overs.
Back-overs injure 15,000 people a year.
Back-overs kill 210 people per year.
This is not expected to lead to lower insurance rates.

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Car insurance companies have a vested interest in making cars safer in a variety of ways. Despite this:

There is not expected to be a discount for the installation of a back up camera system.
This is because there is no conclusive data to say that these systems make a car significantly safer.
For those looking for an insurance discount, an ABS braking system is a much safer investment.

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In the United Kingdom, swiftcover.com offers a 10% premium discount for back up camera system users.

Swiftcover.com is the first major car insurance provider in the United Kingdom to offer this type of discount.
Swiftcover's discount results in an initial saving of around 33 per user.
The footage will not only be used to increase the safety of a vehicle, but it could be used as evidence in the event of an auto collision.

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Fleet insurance is very different from traditional auto insurance and handles discounts in different ways.

Back up camera system installation will result in savings on an insurance policy.
Other safety measures that can be implemented for saving include alarm systems, pre-crash systems and the use of fleet management software.

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Installing rear view cameras is just one of a number of recommended strategies to improve the performance of a fleet of vehicles. Others include: