How to Save on Home Insurance With Security Upgrades

Home insurance can be a vital financial safeguard for homeowners, but premiums can be costly. Fortunately, investing in home security upgrades can not only enhance your financial safety but can also lead to significant savings on your insurance.

How Security Upgrades Can Help Lower Homeowners Insurance Premiums

The following tips may help reduce your home insurance costs:

• Install a monitored security system. Insurance providers often offer discounts for homes equipped with professionally monitored security systems. These systems typically include alarms, motion detectors and 24/7 monitoring services. Because they can reduce the risk of theft and property damage, insurers may lower your premium by a small percentage.

• Upgrade locks and entry points. Reinforcing doors and windows with deadbolt locks, smart locks and shatter-resistant glass can deter break-ins. Some insurers recognize these upgrades as risk-reducing measures and may offer small discounts.

• Add fire and smoke detection systems. Smoke detectors are standard, but interconnected systems that alert emergency services automatically can lead to further discounts. Adding fire extinguishers, sprinkler systems and carbon monoxide detectors can also help reduce your premium, especially in areas prone to wildfires.

• Install Water Leak and Freeze Sensors. Water damage is one of the most common and costly home insurance claims. Installing leak detectors near appliances and pipes can prevent significant damage. Some smart sensors can even shut off the water supply automatically, which insurers view favorably.

• Use smart home technology. Smart technologies like thermostats, automated lighting and surveillance cameras can significantly improve both the safety and energy efficiency of your home. Insurance providers often reward homeowners who use these tools with premium discounts.

Learn More

For more homeowners insurance guidance, contact Cadenas Insurance Agency.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.