|Assembly Financial Institutions and Insurance|
Democratic Research Aide: Martin Sumners
Group - A
Holley & Chaparro Introduce Pro-Consumer Bill to Reduce Insurance Premiums for Certain Coverages for Residents Who Use Dashboard Cameras(TRENTON) - Assembly Democrats Jamel Holley and Annette Chaparro recently introduced legislation that would require insurance companies to provide a reduction in certain automobile insurance premiums for residents who have installed dashboard cameras in their vehicles.
Most car insurers offer discounts for vehicles that have anti-lock brakes, air bag and passive restraint systems, and anti-theft vehicle recovery systems. However, the sponsors note that since dashboard cameras are a relatively new technology available to drivers, insurance provisions and regulations for dashboard cameras have yet to be developed in the state.
"Air bags, a collision-avoidance system and dashboard cams are all safety devices created to help decrease accidents," said Holley (D-Union). "A dashboard camera and the actual video footage it provides of an accident will become an invaluable tool for insurance companies. Consumers who install dash cams in their vehicles should see a discount in their insurance rates for providing such transparency in their driving."