Security Systems Can Reduce Insurance Costs

If you are considering adding a home security system, but are concerned about the price, you may be surprised to learn that in the long run this type of investment may pay for itself. Your homeowners insurance policy provides a sense of protection for you and your family should there ever be a problem, however, in some cases the premiums can be expensive.

A security system will not only help to save you from the cost of replacing your prized possessions, but may also help to reduce the cost of your home owners insurance premium.

Reduce Monthly Premiums

Insurance companies are aware of the fact that a home with a security system installed is less likely to be broken into or vandalized. Homes with a security system are also less likely to have damage from a fire or a flood, because the majority of home security systems are programmed to alert local authorities, which results in a quicker response, whether you are home or not. These are important factors that the insurance company takes into consideration and can help to reduce your monthly premiums.

Choosing the Best Security System

There are hundreds of security options available to choose from, so it is important that you choose a security system that is not only in your budget, but that provides the best security for your home. Research various companies such to learn about the different types of security systems available, what the company provides with the security system you are considering and how much it will cost per month.

Most companies offer specials such as free installation or free systems when you agree to a specific length of time for using their services. Basic alarm systems are reasonably priced protection for your home and will save you money in the long run. However, a monitored security system provides protection throughout your home and property and can be monitored by you or a professional company.

Insurance Premium Discounts

After choosing a company, you will be given the option of several additional types of security services, such as fire or flood. Keep in mind that most insurance companies offer additional discounts for adding extra security to your home.

For example, you will save on the monthly premium if you install a basic burglar alarm system for windows and doors, however, the premium may be discounted an additional 15% to 20% if you have a monitored home alarm system. For each additional type of security you include, it helps to reduce the cost of your premiums.

Additional security features could include installing security gates or bars on the doors and windows, motion sensor cameras and a smoke detection system.

There are several factors that go into determining how much your home insurance premium will be, including the area in which you live. However, installing a security system will not only reduce your rates, but may also save you a great deal of time and the expense of replacing items that have been damaged or stolen due to a break-in.