If you’re looking to purchase a home security system, then you might be wondering how that could help you with your auto insurance and getting the best deals on it too. After all, wouldn’t a security system just make your home more secure and not necessarily help with insurance ? Not quite.
A home security system can give you great deals on auto insurance as well as help you get the best deals on it because some car insurance companies will offer special discounts if you have an alarm or another sort of security system installed in your home. However, this is not something that all car insurance companies offer, so you need to research your options before signing up for anything.
How Do Home Security Systems Help With Insurance ?
The main way that home security systems can help you with insurance is by increasing the amount you can claim in case of theft or other damage to your belongings. If your car is stolen or damaged in an accident but you didn’t have a security system in place, then your car insurance will pay out for the damage based on the estimated cost of replacing or repairing the car.
However, if there was a security system in place and it stopped the car from being stolen, then the car insurance company will pay out for the damages based on the cost of the car, minus the cost of the security system. This can be a huge difference in what you receive, so you’ll want to be sure to get a system installed as soon as possible if you just bought a new car and don’t have a security system already in place.
Why Do Some Car Insurance Companies Offer Great Deals When You Have A Security System ?
The main reason that car insurance companies give great deals when you have a home security system is because they view that as an asset. Having a security system installed in your home indicates that you take your valuables seriously and are going to do everything in your power to protect them, so that’s going to make you a lower risk to insure. Basically, the security system is there to prove that you’re a responsible person and will use your car as intended.
That means that the car insurance company is more likely to give you a lower rate. The type of system you have installed doesn’t matter; all car insurance companies will offer a discount if you have a security system. However, you’ll likely have to pay a deposit or a monthly fee to have the system installed, and you’ll also need to make sure that it’s installed properly by a licensed technician.
Auto Insurance Discounts For Having A Security System
There are several different discounts that you can get when you have a security system installed in your home. The most common one is called the Anti-Theft Protection discount, and it’s basically a 10% discount when you have that system installed. You’ll also likely get a discount for having a Fire Protection System.
You might also get a few other discounts if you have a Security System installed, but those are the two main ones. The best way to find out which ones you get and how much is by getting a free car insurance quote online. You’ll be able to see all your discounts and how much they’re worth, which can help you choose the best car insurance plan for your situation.
Home Security As An Asset For Your Auto Insurance
Besides the discounts you can get when you have a security system installed, this also can help your auto insurance in another way. If your home is burglarized or damaged by a fire, then your home insurance will pay out to help you get back on your feet. However, if you have a security system in place, then the insurance company will count that as an asset, helping you get more money to repair your home and replace what was stolen.
It’s important to note that this is not the case for all car insurance companies. Some car insurance companies will not count security systems as an asset, so you may not see a big change in your rate even if you have a system installed. However, if you’re looking for the best deals on insurance, then a home security system is one way to go.
You should have deadbolts introduced on every one of the primary ways to get a markdown. You probably won't get the rebate on the off chance that you just have a deadbolt on the entry entryway. Your insurance agency will offer a superior home protection markdown for security framework units on the off chance that you have brilliant locks with keypads or biometric checking. On the off chance that you have a house in a gated local area, you are essential for a Mortgage holder's Affiliation.
So you will be qualified for a markdown as you live in a HOA-kept up with gated local area. Your insurance payment can drop by 10% to 15% on the off chance that you have a standard home security framework. You can introduce other wellbeing highlights and gadgets to bring down your home insurance payment charges.
For instance, you can take a stab at introducing smoke cautions, thief cautions, deadbolts, CCTV cameras, ring cameras, flood finders and savvy locks that main open with a pin, finger impression, or face filtering. A mix of a first class security framework will save you huge load of cash and diminish the pressure of stressing over your and your family's wellbeing.
A home security system can help you get better deals on your car insurance and actually get you lower rates. If you have a security system installed, you’ll likely see a discount for having anti-theft protection as well as a discount for having fire protection in your home.
Having a home security system is a great way to protect your home and family while also providing a financial benefit such as lower insurance rates. Just make sure to shop around and get quotes from different insurance companies so you can find the best deal.