Can Purchasing a Home Security System Decrease My Homeowners Insurance?

On average, installing monitored safety and security devices in your home can reduce your homeowner’s insurance up to 20 percent.

According to the FBI, a burglary occurs approximately every 15 seconds in the U.S., and homes without security systems are three times more likely to be burglarized than homes that have security systems. Insurance companies understand that a professionally monitored security system adds an extra layer of protection to your home, creating a safer environment for your family. They also know monitored security systems reduce the likelihood your home will be burglarized or suffer costly water or fire damage. That means there’s less chance you’ll file a claim with your insurance company. As a result, your insurance company saves money and they pass that savings on to you.

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SafeWise recommends homeowners take advantage of a monitored home security system not only for the obvious safety features and peace of mind it offers, but also because most insurance companies will reward you with reduced premiums.

Another reason we advise all homeowners get a home security system with professional monitoring is because it can help protect your family from the emotional stress caused by catastrophic events like burglaries, home invasions and fires. The side effects of events like these can be especially hurtful to children. SafeWise reminds you that the best way to deal with a burglary or fire is to prevent it from occurring in the first place.

Often, homeowner’s insurance is rolled into your mortgage. Because you’re not writing a check for it every month, you might not know what it’s costing you or how much you might save by getting a monitored home security system. You’re already facing a lot of expenses as a homeowner; SafeWise thinks you should cut costs where you can, especially if it helps keep you safe. Use our helpful guide to discover and compare the best home security companies and start saving on your homeowner’s insurance today.


Compare the best home security systems

Best for
Brand
Lowest monitoring price
Starter equipment price
Contract required
Installation
Smart home compatibilityIcon Tooltip  Dark
Learn more
Read review
Best overall
VivintVivint
$599.00
Icon Yes  LightNo *
ProAmazon, Google,
Z-Wave
Reader favorite
SimpliSafeSimpliSafe
$229.00
Icon Yes  LightNo
DIYAmazon, Google
Whole-property
FrontpointFrontpoint
$99.00
Icon Yes  LightNo
DIYAmazon, Google,
Z-Wave
Pro monitoring
ADTADT
$0.00
Icon No  LightYes
ProAmazon, Google,
Z-Wave
Customer-focused
CoveCove
Quote required
Icon Yes  LightNo *
DIYAmazon,
Google

Info current as of 04/12/21. Offers and availability may vary by location and are subject to change.

*$0 due up-front with consumer financing.

†No-contract options available with outright equipment purchase.

‡Landline monitoring only. Some restrictions apply. (Full disclaimer)

**With $99 installation charge and new monitoring agreement. Early termination fee applies. See full disclaimer for full offer details, terms, and conditions.

Celeste Tholen
Written by
Celeste Tholen
Celeste has dedicated her decade-long career to reporting and reviews that help people make well-informed decisions. She oversees editorial strategy and production for SafeWise, with a goal to help people find the information they need to make their homes and lives safer. Prior to SafeWise, she worked as an editor and reporter for KSL and Deseret News. She continues to report on local news as a volunteer with the community paper. For the last six years, she’s led a Girl Scout troop, teaching girls about safety and preparing for whatever life throws their way.

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