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.

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.

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SafeWise Team
Written by
SafeWise Team
The SafeWise Team is here to help you keep your home and family safe. Whether you’re looking to pick a security system or identify and remove common risks in your home, we’re here to help you find the best products and well-researched answers. At SafeWise we combine our years of experience in home safety and security with user reviews and feedback to help take the guesswork out of living safe.