Do home security systems help save money on homeowners insurance?
Last updated: January 1
You may qualify for homeowners insurance discounts if you install certain safety devices that help protect your loved ones and your property.
Your insurer may offer discounts for the following:
- Burglar alarm system
- Fire extinguishers
- Smoke detectors
- Sprinkler system
- Fire alarm
Consider these options to give you both peace of mind and a possible discount on your homeowners insurance policy.
Homeowners insurance discounts for theft prevention
Your homeowners insurance provider may offer discounts for certain theft prevention measures, including:
You may qualify for a discount on your homeowners insurance if you have deadbolts on all of your exterior doors.
Burglar alarm system
For potentially greater savings, consider installing a burglar alarm or a home security system that connects to an outside service, says Jeanne Salvatore of the Insurance Information Institute. "They can alert the authorities and can dispatch police protection immediately," she says.
Homeowners insurance discounts for fire protection
You may find you'll receive a discount on your homeowners insurance if you have certain fire protection measures installed. For instance:
Having a fire extinguisher on every floor may help you save on your homeowners insurance.
You may also qualify for a discount on your homeowners insurance if you have smoke detectors on every floor.
For an extra layer of protection and potentially greater savings, consider installing a home sprinkler system on each floor of your house.
A fire alarm that connects directly to an outside monitoring service may not only speed up the dispatch and arrival of your nearest fire personnel, Salvatore says, but may also qualify you for a discount on your homeowners insurance.
Talk to your insurance agent to learn more about what homeowners insurance discounts might be available to you.