Crash cams could catch on down under

With the cost of vehicle ownership so high, Aussies are willing to listen to any suggestions on how they can reduce their car insurance premiums.

Obviously, keeping a clean driving record is the most effective way to earn kudos among car insurers.

People who have racked up speeding points or have been involved in road accidents will be forced to pay extra for their cover.

Some motorists think that technology can help them reduce their insurance costs and a number of firms – particularly in the UK – are now offering telematics-based policies, where black box equipment is being installed into a person's car.

According to Gizmodo, companies in Britain are also offering 15 per cent discounts to customers who install "crash cameras" in their vehicle.

Drivers have to pay around $400 for the device and then fit it themselves, but this can still be cost-effective if your annual policy is costing thousands of dollars.

The crash cam is essentially aimed at reducing "crash for cash" cases, where people are bumping into other motorists on purpose in order to receive compensation from their insurer.

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