Insurance companies assess risk when setting your premium. A well-secured home reduces the likelihood of break-ins, theft, and even fire damage, meaning less risk for the insurer and lower costs for you. That’s why many insurance providers offer discounts of 5% to 20% or more for homes equipped with security and safety systems. Here are four key factors that can influence home insurance discounts.
1. Type of Security System
· Monitored Alarm Systems: These provide the biggest discounts, especially systems professionally monitored 24/7.
· Smart Home Systems: Integrate with mobile apps, allowing you to control and monitor your home remotely.
· Video Surveillance Cameras: Visible cameras act as a strong deterrent to potential intruders.
The more advanced and monitored your system is, the more you can potentially save.
2. Your Home’s Location and Crime Rates
· If you live in a high-crime area, insurers may offer larger discounts to encourage proactive protection.
· Homes in areas prone to natural disasters may also qualify for discounts with added sensors (e.g., flood, smoke, CO detectors).
3. Your Insurance Provider’s Policies
· Not all insurers offer the same discounts.
· Some providers offer up to 20% off for comprehensive systems that include intrusion detection, fire monitoring, and environmental sensors.
Tip: Check with your insurance provider to confirm which security features qualify for a discount.
4. Additional Safety Features That Boost Discounts
· Smoke Detectors & Fire Alarms – Often required, but upgraded systems can increase your savings.
· Carbon Monoxide Detectors – Adds another layer of protection insurers reward.
· Water Leak or Flood Sensors – Help prevent costly water damage claims.
· Smart Locks and Glass Break Sensors – Reduce unauthorized entry risks and may lead to additional discounts.
Potential Savings with a Security System:
• On average, homeowners can save anywhere from 5% to 20% on their annual home insurance premiums with a security system in place.
• For example, if your annual home insurance premium is $1,000, a 10% discount could result in savings of $100 per year.
Investing in a home security system offers more than just peace of mind—it can pay for itself over time through reduced insurance premiums and potential prevention of costly incidents.
Ready to Protect Your Home and Save on Insurance?
At Doyle Security Systems, we offer a wide range of smart, professionally monitored security and fire systems for residential and commercial properties. From intrusion
alarms and video surveillance to smoke and carbon monoxide detection, we have everything you need to maximize your safety—and your savings.
Contact us today to learn more or schedule a free consultation.