Insurance companies thrive on keeping their risk low, and one way to do that is by rewarding homeowners who take extra precautions. So, if you’ve wondered, “Does a security system lower home insurance?” Yes, it usually does. But how much can you save? Let’s find out.
Why Do Security Systems Reduce Homeowners Insurance?
One of the biggest reasons insurance companies reward homeowners with discounts for having a security system is that it helps prevent claims. Insurance rates typically increase when you file claims because insurers view you as a higher risk.
Here’s how it works: every time you file a claim—whether it’s for theft, fire, or water damage—the insurance company has to cover the repairs or replacements. To offset these costs and account for the perceived higher risk of future claims, they may raise your premium at renewal time.
Conversely, if you have a home security system installed, you can drastically reduce the risk of these hazards, which is exactly what your insurance company likes to see.
How Much Can You Save on Homeowners Insurance?
The big question: how much can you save? As a homeowner, you’ll typically save between 2% and 15% on insurance premiums for having a home security system. In some cases, it could be as high as 20%. Your discount depends on two main factors: the insurance provider and the type of security system you have.
Each insurance company has its guidelines for the kind of discount it offers, and most will require certain features in your security system to qualify. Let’s explore what these systems typically include.
Types of Security Systems That Qualify for Discounts
You might not always get a home insurance discount with a security system. To qualify, most insurers want to see that your system includes things like:
- Door and window sensors
- Motion detectors
- Security cameras
- Smart locks
- Monitored smoke detectors
- Water leak sensors
Professional monitoring is another big one. A security system that’s monitored 24/7 is more effective at deterring risks, which is why it often gets you a bigger discount. Insurance companies view this as extra protection and reward it accordingly.
Insurance Companies That Offer Discounts for Security Systems
While the discount varies, many big-name insurance companies offer savings for homeowners who install a qualifying security system. Here are some of the insurers known for providing these discounts:
If you’re a customer with one of these companies, it’s worth checking with your agent to see what kind of discount you can get.
Benefits of Home Security Systems Beyond Insurance Discounts
Beyond saving on your insurance premium, there are a lot of other benefits to having a home security system. For one, they’re a huge deterrent for burglars. Criminals are far less inclined to target homes with visible security features like cameras and alarm systems. Industry research shows that homes without alarm systems are 300% more at risk for a break-in. Meanwhile, 60% of burglars admitted they would choose a different target if they saw a home had a security system.
Security systems can also help reduce risks from other hazards. Fluent offers monitored smoke detectors and carbon monoxide alarms. If our monitoring system detects an emergency, we can alert your local fire department or first responders. Our water sensors can help you detect leaks before they cause serious damage. And, with our high-tech security cameras, you can keep an eye on your home remotely, giving you peace of mind whether you’re at work or on vacation.
Other Ways to Reduce Homeowners Insurance Premiums
While a security system is one great way to lower your homeowners insurance premium, there are a few other strategies you can use to save even more:
- Bundling Policies: Many insurance companies offer a discount if you bundle your home and auto insurance policies together. It’s a simple way to save without making any changes to your home.
- Regular Home Maintenance: Keeping your home in top shape can prevent insurance claims and keep your premiums low. Clearing gutters, trimming trees, and ensuring your roof is in good condition can help avoid costly damage in the long run.
Choose Fluent for Your Home Security Needs
Now that you know a security system does lower home insurance, are you ready to take the next step?
Protect your home and possibly lower your homeowner’s insurance premium with Fluent Home. Our systems are designed to offer comprehensive protection with features like door and window sensors, motion detectors, smart locks, security cameras, and professional monitoring.
Whether you’re looking to prevent burglaries, fires, or water damage, Fluent’s systems have got you covered. With the potential for an insurance discount, investing in a security system can pay off in more ways than one.
