Can Purchasing a Home Security System Decrease My Homeowners Insurance?

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

A burglary occurs every 30 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 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. Take a look at your next itemized mortgage bill and see how much you're really paying in homeowners insurance each month, and then check out our tips for getting the best rate on home insurance.


Compare the best home security systems

Brand
Best for
Monthly cost Icon Tooltip  Dark
Starter equipment price
Contract required
Smart home compatibility Icon Tooltip  Dark
Learn more
Read review
Best overall$599.00
Icon Yes  LightNo *
Amazon,
Google,
Z-Wave
Budget pick$245.00
Icon Yes  LightNo
Amazon,
Google
Most experienced$0.00
Icon No  LightYes
Amazon,
Google,
Z-Wave
Best customer experienceQuote required
Icon Yes  LightNo
Amazon, Google
Best optional monitoring$199.15
Icon Yes  LightNo
Amazon,
Google,
Z-Wave

Info current as of post date. 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 everyone 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 holds a Bachelor's degree in Journalism. In her free time, she volunteers at the local botanical garden and writers for the community newspaper.

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