A driver assistance system suitable for use in a vehicle includes a forward-viewing camera mounted at a front windshield of the vehicle, and an event recorder having an image processor and memory. Based at least in part on processing by the image processor of image data captured by the camera, a lane departure warning is generated if, when a turn signal of the vehicle is not activated, at least one of (i) the vehicle is heading towards a lane marking and (ii) the vehicle is within a certain distance of an edge of a lane marking for a certain time. Based at least in part on processing by the image processor of image data captured by the camera, a forward collision alert is generated if the vehicle is heading towards a given object with the separation between the vehicle and the given object being less than a threshold.