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How Home Security Systems Help Lower Your Home Insurance Premium

When it comes down to deciding whether to install a home security system, we usually take costs into consideration. It is after all quite a large investment. It can, however, be more expensive to not have one when your home is targeted by burglars. The monetary and emotional costs can be detrimental and affect you immensely. What many do not know, however, is that many insurance companies offer excellent discounts if you have a comprehensive home security system installed. Let’s have a look at how and why:


Promoting Safety Reduces Premiums

Many insurance companies offer discounts of up to 15% to 20% when you have a comprehensive home security system installed. With burglars present everywhere, a report conducted by the University of North Carolina showed that 60% of burglars decided not to enter houses that had security systems. Many insurance companies offer discounts on their premiums to homeowners who incorporate preventive strategies to deter intruders. By making your home safer, you have more possibilities to find better insurance deals. (Always consult your home insurer before you make an investment in home security systems to make sure that they do offer a discount.)


Lower Chance of Robberies

When we make a claim with our insurance company, our insurance premium usually goes up. By deterring burglars from entering the house and avoiding having to make a claim, our home insurance costs should not rise. By having a home security system you can deter burglars, or stop them in the act which means that you won’t have to make a claim. If you lower the risk of a robbery, you are showing your insurance company that you are a low risk.


Reduce Thefts in Your Neighborhood

Insurance companies offer rates based on collective risk so if you live in a neighborhood that experiences a lot of crime, your insurance provider will take that factor into consideration when pricing your plan. As we already learned, home security systems have the potential to deter burglars from entering your home. If more people in your neighborhood install a home security system, this has the potential to make your neighborhood safer by chasing burglars away. To find more information about your city and its crime rate you can use Niche’s website, a company that analyzes data and reviews to produce reports on different cities. Also, if there is a hike in burglaries in your neighborhood, unfortunately, your premiums could go up too.


Home Security and Lower Premiums

If you want to see a nice surprise on your next home insurance bill, why not consider installing a home security system? BRAVO Agency has different prices and options that not only provide the protection that your home needs but at the same time, can lower your home insurance premium.

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