Insurance Premium Discounts | How & Why

Home insurance can be expensive, particularly if you own a large home or if you live in an area where theft or natural disasters occur frequently. However, you can take advantage of certain home insurance discounts, such as those given to homeowners with security systems.

Why are there discounts for security systems?

Insurance is an industry in which risk is the major factor. If your home is burglarized, you will likely file a claim for loss and damages, which means that it will cost the insurance company money. Home insurance discounts are offered for security systems because they reduce the risk of theft.

Not only are perpetrators more likely to be caught in homes with security systems, but a burglar alarm also acts as a deterrent. Criminals tend to stay away from houses that are protected because they are riskier and not worth the chance of going to jail.

How much are home insurance discounts for security systems?

The actual savings will vary depending upon where you live, the type of burglar alarm you install and a variety of other factors. However, according to MSN Money, you might save between 15 and 20 percent on homeowner's insurance.

If you are looking for home insurance discounts, talk to your insurance agent about security systems and your company's policy on them. This will give you an idea of how much you'll save over the next few years to offset the initial cost of installing it.

Innovative Security's Trusted Insurance Partner: Larissa DeHart - Farmers Insurance

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