Home Security Systems: Not Just Protecting Your Homes… But Also Your Wallets

Saving money is something we all want to do. Some may find it easy to do while others struggle with a disciplined approach that may feel impossible to maintain or achieve. Most of us seek out deals and discounts and enjoy the thrill of the hunt as we look to get the biggest bang for our buck. But there are those of us who don’t get a thrill out of being a marathon shopper and want an easier way to save money without having to expend a lot of effort. Well, I’ve got good news for you fiscally-responsible types! Here’s an easy way to secure your hard earned money AND your home! That’s right: Adding a home security system to your home can translate into peace of mind and more money in your pocket. How? Well, if you’ve got homeowner’s insurance, you could be saving money every month by getting a discount from your insurance carrier with a monitored home security system!

According to ValuePenguin, rates have been climbing steadily for the past 10 years. Depending on where you live, you may be looking at a small increase seen in Arkansas where there was an 11% change vs. the average to a 109% change seen in Florida!

Let’s say your policy’s annual cost is $1,000 – if you qualify for a discount of 15% on your insurance, you would save $150! Want to know more? Here’s a quick to read and easy to follow list of some of the most popular and well-known insurance companies and the requirements for discounts they offer to responsible homeowners (and renters!) that have a security system in their home!


With Allstate’s Safe Home discount, you can save up to 15% on Home Insurance if your home is equipped with a Home Security System that protects against fire and theft. The discount and savings amount will vary by state and coverage selected. Contact your Allstate agent for terms and conditions.

Erie Insurance:

When you install smoke alarms or a home alarm system you can qualify for additional discounts on your insurance policy. Contact your Erie insurance agent for details on savings available.

Farmers Insurance:

Farmers offers discounts for homeowners that equip their homes with security systems, fire alarms, or indoor sprinkler systems. To find out what discount is available in your state, contact your Farmers agent or visit their site.


According to their web site, Geico offers additional discounts and savings for homeowners who add smoke detectors, fire extinguishers or home security to their home. We recommend you contact Geico directly to find out exactly how much you can save.

Liberty Mutual:

With Liberty Mutual’s Protective Devices discount, homeowners can receive a discount on their insurance by adding smoke alarms, deadbolts, fire extinguishers, and home security systems. Contact your Liberty Mutual agent for details on qualifying.


Homeowners can reduce the cost of their Progressive homeowner’s insurance by adding protective devices, such as burglar alarms, smoke detectors, fire extinguishers and deadbolt locks. Speak with your Progressive agent to learn how much you can save.

State Farm:

Take advantage of State Farm’s Home Alert Protection Discount by equipping your home with fire, smoke, and burglar alarms or any other home monitoring system. Speak with your State Farm agent to find out how to qualify.


Offers discounts on homes equipped with fire alarms, smoke detectors, burglar alarms, and more. They also provide discounts for Home Security Monitoring and Installation to their members.

Why and how are such discounts possible?

Though there are many factors that determine insurance rates, one of the most influential is RISK. Business Dictionary defines Risk as, “A probability or threat of damage, injury, liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities” and is a major financial contributor to insurance premiums.

Simply put, the higher the risk, the higher the premium. Since its well documented that having a home security system significantly reduces the risk of a break-ins, cut property loss, and minimize liability; all reducing RISK! And when risk is reduced, the insurance company can provide their customers with discounts and benefits.

The Best Security Systems Work To Save You Money

Many professionally monitored home security systems will save you money on home owners insurance. But, the best alarm systems work to save you time and money. Modern security systems with advanced automation features like a Frontpoint system allow you to control the lights and temperature of your home remotely. Helping you save time and money. Best of all these systems are known to increase the value of your home. For more information on this visit our post about Smart Homes.

If you’re interested in a home security system, you can compare top providers by visiting our Best Home Security Systems page.

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