Will Security Cameras Lower Home Insurance Costs? (Explained)

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Yes, Installing a security system or a camera in your home may make you eligible for a discount on your home insurance policy. The discount amount varies by insurer and is determined by the quality and quantity of security measures you have implemented. However, Discounts may vary from 5% to 20%.

Smart Security = Lower Insurance

Save money on home insurance? Got it! Install a Security Camera. Discounts could reach up to 20%. Read on to find out more. What a money-saving option!

Home insurance is essential to protect your home and belongings from the unknown. Many homeowners are asking whether installing security cameras can help reduce their insurance costs. This guide will explain how security cameras may lessen premiums.

We will consider how cameras can lower premiums, the pros/cons of a camera-monitored home system, and the different types of camera systems available to get the advantages of surveillance. Also, we’ll cover what questions to ask when researching potential home insurance companies and providers. By the end of this guide, you will have the info to decide if installing a security camera system can decrease your home insurance costs.

Benefits of Home Security Systems

Home security systems give homeowners peace of mind and increased safety. They also reduce home insurance costs! Here’s why:

  • Security cameras and alarms are seen as risk reducers. Insurance companies offer discounts for these verified devices. So, having them installed can lower premiums.
  • Security systems provide more than just physical locks. For example, monitored alarms and video surveillance can give real-time responses in an emergency.
  • Discounts are available for the level of monitoring included with the system. For example, 24/7 monitoring has the highest level of protection.
  • Modern home security systems provide convenience features like remotely locking doors and turning lights on/off. This can qualify homeowners for additional savings from insurers.
  • Security systems protect buildings and possessions inside. Some insurers may even allow advanced equipment coverage if it’s monitored professionally.

Installing 12 cameras won’t guarantee lower rates. But, it’s worth considering what type of equipment could get you cost-saving benefits now and in the future!

Types of Home Security Systems

Home security systems come in many forms. Usually, they include components like sensors and cameras which link to a control unit. This could be wired or wireless.

Three types are:

  • Hard-wired systems. Professional installation is needed and wires run through walls and ceilings. Offers more protection but is expensive to install.
  • Wireless systems. Easier DIY installation and radio frequency signals transmitted from the control unit. Can be monitored remotely or with a smartphone/tablet.
  • Video surveillance cameras. Different shapes and sizes depend on needs. Outdoor cameras can feature night vision and indoor cameras may not. Check if high-resolution images are required for insurance.

How Do Security Cameras Help Lower Home Insurance Costs?

Installing security cameras around your home won’t guarantee reduced home insurance costs, but it’s worth exploring. Insurers are always looking for ways to reduce premiums, so they appreciate anything that will lower risk.

Security cameras provide protection for residential homes and businesses. They deter crime, monitor entrances, watch visitors, and track suspicious activity.

Visible cameras are a great deterrent and can capture evidence. If something goes wrong, having the ability to quickly respond is beneficial to you and your insurer.

When considering how security cameras affect insurance costs, insurers use research data to underwrite policies. If their research suggests video surveillance reduces burglary risks, this could help negotiate rates. It’s important to review the details and understand any additional benefits or limitations.

Factors That Determine Discounts

Can security cameras save you money on homeowners insurance? Possibly, depending on the other safety measures you’ve got in place. To get lower premiums, you must understand what insurers take into account. To protect their customers, they may reward homes with security features. Cameras could help, but other factors are also important.

These include safety features like smoke detectors, fire alarms, and burglar alarms. Security features such as deadbolts, window locks, and outdoor lighting can also help. The age of the property, location, and emergency access is also taken into consideration.

Each insurer has its own rules. However, having multiple safety and security features in place should increase your chances of getting a discount on your policy:

  • Smoke detectors
  • Fire alarms
  • Security cameras
  • Burglar alarms
  • Deadbolts
  • Window locks
  • Outdoor Lighting
  • Age of the property
  • Location
  • Emergency access

Tips to Get Maximum Discount on Home Insurance

Security cameras can deter intruders, but that doesn’t always mean your home insurance rate will be cheaper. To get the best discounts on your premiums, there are several precautions you can take:

  • Install smoke detectors, alarms, locks, window bars, and fire protection like sprinklers and extinguishers.
  • Increase your deductible – the amount of cash you pay if you make a claim. Higher deductibles mean lower premiums.
  • Check your credit score. Home insurers use credit scores to decide premiums, and people with better scores cause fewer problems.
  • Look for other discounts. You may get savings from having multi-policy coverage, loyalty discounts, or other offers based on age, job, or location.


Examining the evidence, it’s clear a home’s security cameras can impact insurance costs. Companies offer discounts for certain features – plus extra security and peace of mind. Homeowners should think about their needs and desired coverage when making decisions. Increased protection provides peace of mind, and could help lower premiums.


Got queries about security cameras and home insurance? Here’s the answer:

  1. Do security cameras qualify for discounts?

    Yup! Many insurers offer premium discounts for having a security system. Ask your insurance company if they offer them.

  2. How much can I save?

    It depends on the size of your home and the system. You could get 5-20% off. Make sure you choose an approved one by your insurer.

  3. Do I need monitoring services or an alarm?

    Not needed, but it could lower your policy cost with higher levels of savings. Plus, you'll have extra protection and peace of mind.

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Sayan Dutta
Sayan Dutta

Hi, my name is Sayan Dutta and I’m the creator of the ReadUs24x7. I am an Electronics and Telecommunication Engineering by qualification & digital marketer by profession. I am a passionate digital marketer, blogger, and engineer. I have knowledge & experience in search engine optimization, digital analytics, google algorithms, and many other things. I have knowledge in WordPress Website Development as well as image designing.

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