A very common question when it comes to home security systems is whether or not purchasing the right security system and monitoring company will lower a homeowners insurance premiums. The short answer to this question is “yes”, however, below are some points to keep in mind to help homeowners make sure that they purchase a security system that both keeps their family, home, and possessions safe and qualifies them for discounted homeowners insurance.

Home security systems deter thieves from attempting to burglarize homes, and reduce the amount of time that thieves are able to spend in a house in the event that they attempt a burglary despite the presence of an alarm, therefore reducing the amount that they can steal. These two facts result in a lesser likelihood of an insurance agency having to make a large payout, which means that many insurance companies will reduce homeowners’ premiums if the alarm system implemented meets a few preset specifications.

The minimum discount that most home insurance companies offer is 5% off of regular premiums, however, most insurance companies offer this discount simply as a reward for the installation of new deadbolt locks on all exterior doors of a home. An additional 5% is usually offered for the implementation of a simple burglar alarm, with many insurance companies offering discounts up to 20% for a complete home security system that integrates burglar, fire, carbon monoxide, and flood sensors, depending on the quality of the system and monitoring company selected. Homeowners should check with their insurance provider to see specifically what discounts are offered.  Read more...