Many homeowners don’t realize that having a home security or alarm system can save them money on their insurance. But installing a home security system is beneficial not only to your home’s safety but also to your family’s finances. The upfront investment of a home security system is well worth it for the peace of mind, loss prevention, and savings on your homeowner’s insurance.
How Much Can I Expect To Spend On A Home Security System?
The total cost of your home security system will depend on which features you choose to incorporate into your system. Adding more advanced features such as wireless security panels and outside monitoring will increase the overall cost. There are so many ways to customize your home security system to work for you and protect your home.
The cost can vary with products like window and door transmitters, wireless motion detectors, glass break detectors, personal panic transmitters, cameras, and more. However, as a ballpark estimate, according to HomeAdvisor, the average cost of an alarm system is just under $700.
How Much Can I Expect To Save On My Homeowners Insurance?
Insurance companies know home security systems are an excellent deterrent for crime and want to encourage all of their policyholders to get them to reduce the number of claims paid out. They are then able to pass these savings onto their policyholders.
While the average discount on your insurance premium is typically around 5%, discounts could reach as high as 20% for some home insurance policies. In many cases, the more sophisticated your home security system is, the more you can save on your policy. Having advanced features such as cameras and monitoring will increase the discount you can expect to receive.
How Do I Take Advantage Of The Savings On My Homeowners Insurance?
Once you have installed your brand new home security system, there are a few quick steps you will need to take. Most municipalities require some sort of permit in order to legally operate your system if you have a monitored or audible alarm as part of your system.
These permits give you a registration number with identifying information that allows emergency services to quickly get in touch with you and track any false alarms. You may need to register with both your local fire department and your local police department.
Once you are in full compliance with all of the restrictions and regulations in your jurisdiction, you can submit your alarm registration certificate to the insurance company as proof of your valid home security system. Be sure to contact your policy representative right away in order to start receiving the financial benefits of your new alarm system.
Ready To Install A Home Security System?
APS Security and Fire has been working hard to secure local Central Florida homes and businesses since 1987. Our team will help you customize a home security system that is right for you, plus take care of the installation to get you up and running. In addition, we’ll be there after the installation to provide you with the monitoring services we know you are going to want.
