03.29.2017

Does Having a Home Security System Lower My Insurance Premium?

UNCATEGORIZED

I think we can safely say that the majority of homeowners who don’t currently have a home security system have considered purchasing one. After all, a home represents so much more than a place to sleep. It houses your memories. It’s probably your biggest investment. Most importantly, it’s where your family feels safest (or at least, where you want them to).

Protecting your past, present, and future seems like something worth spending money on, yet so many homeowners pass on security systems because of the little bit of extra cost they represent.

If this sounds like you, we have good news. First, BAT home security packages are very affordable and feature free installation AND the latest innovations in-home monitoring and surveillance, for essentially the cost of a couple of takeout meals each month. Still not convinced? What if we told you the (already minor) cost of installing a home security system can be offset by discounts on your home insurance policy?

This information is not new—savvy homeowners have been cashing in on this discount for years. The New York Times published the following back in 2010:

“Insurance companies offer discounts for security systems. The percentage varies depending on the sophistication of the system. The Insurance Information Institute says the average discount is 15 to 20 percent. On [the author’s] homeowner’s policy, the discount savings amounted to $221.93 a year.”

These discounts were more recently verified by an independent study commissioned by ESA (Electronic Security Association), which goes into more detail as to why it’s in the best interest of your insurance company to offer a lower rate for alarm systems:

“In addition to discouraging burglars, modern alarm systems also reduce the damage caused by fires. Fire and lightning claims are almost 10 times higher than claims for burglaries and thefts according to statistics from the Insurance Information Institute.”

Of course these discount percentages are just estimates. Contact your agent for more specific numbers based on the type of home monitoring system you have. Generally speaking, the more sophisticated and comprehensive the security system, the better the discount. Here are a few other tips to keep in mind as you try to lower your home insurance premium through a secure home discount:

To get the largest discounts available, make sure your system monitors for burglary AND fire (all of our home security packages at BAT Security come standard with smoke detectors).

Ask your home security system provider for a certificate verifying that you have whole-home, interactive monitoring in place. It is likely your agent will ask for this before they can officially apply any discounts.

Get your system up and running, and then refer your neighbors. There could be even greater discounts available if a majority of homes in your neighborhood have alarm systems.

BAT Security offers the most advanced tech the home security market has to offer—wireless home security cameras, smart home automation, whole-home monitoring for burglary, fire, weather, and more. This means the most substantial insurance discounts for you. Combine that with free installation standards on all packages and 24/7 customer support, and you get the best without having to spend the most. Contact us today for a free consultation.

I think we can safely say that the majority of homeowners who don’t currently have a home security system have considered purchasing one. After all, a home represents so much more than a place to sleep. It houses your memories. It’s probably your biggest investment. Most importantly, it’s where your family feels safest (or at least, where you want them to).

Protecting your past, present, and future seems like something worth spending money on, yet so many homeowners pass on security systems because of the little bit of extra cost they represent.

If this sounds like you, we have good news. First, BAT home security packages are very affordable and feature free installation AND the latest innovations in home monitoring and surveillance, for essentially the cost of a couple of takeout meals each month. Still not convinced? What if we told you the (already minor) cost of installing a home security system can be offset by discounts on your home insurance policy?

This information is not new—savvy homeowners have been cashing in on this discount for years. The New York Times published the following back in 2010:

“Insurance companies offer discounts for security systems. The percentage varies depending on the sophistication of the system. The Insurance Information Institute says the average discount is 15 to 20 percent. On [the author’s] homeowner’s policy, the discount savings amounted to $221.93 a year.”

These discounts were more recently verified by an independent study commissioned by ESA (Electronic Security Association), which goes into more detail as to why it’s in the best interest of your insurance company to offer a lower rate for alarm systems:

“In addition to discouraging burglars, modern alarm systems also reduce the damage caused by fires. Fire and lightning claims are almost 10 times higher than claims for burglaries and thefts according to statistics from the Insurance Information Institute.”

Of course these discount percentages are just estimates. Contact your agent for more specific numbers based on the type of home monitoring system you have. Generally speaking, the more sophisticated and comprehensive the security system, the better the discount. Here are a few other tips to keep in mind as you try to lower your home insurance premium through a secure home discount:

To get the largest discounts available, make sure your system monitors for burglary AND fire (all of our home security packages at BAT Security come standard with smoke detectors).
Ask your home security system provider for a certificate verifying that you have whole-home, interactive monitoring in place. It is likely your agent will ask for this before they can officially apply any discounts.
Get your system up and running, and then refer your neighbors. There could be even greater discounts available if a majority of homes in your neighborhood have alarm systems.

BAT Security offers the most advanced tech the home security market has to offer—wireless home security cameras, smart home automation, whole-home monitoring for burglary, fire, and weather, and more. This means the most substantial insurance discounts for you. Combine that with free installation standard on all packages and 24/7 customer support, and you get the best without having to spend the most. Contact us today for a free consultation.