A home security system can protect your family and your belongings from harm. While installing one should be a high priority for any family, the cost can at times seem to outweigh the benefits. Luckily, many insurance companies and security companies give home security system discounts for certain memberships or features. In addition, there are many ways to avoid high installation costs and monthly contracts. Here’s how to get the most out of the discounts that are available and how to save money on home security for you and your family.
Activate Your Memberships
Many providers give home security system discount to members of certain organizations, including USAA, AAA and AARP. These discounts sometimes include savings on installation and equipment, and often cover moving costs or breaks in a contract for families in the military.
DIY security systems can save you significant dollars when it comes to equipment and installation costs. Many security system providers require professional installation, especially if the system is wired to your landline. While you’ll need to purchase your equipment even with a wireless system, you can save money on both installation and monthly monitoring fees. Do-it-yourself security systems can also save you money on your monthly monitoring contract, since your security system provider does not need to recover the cost of the equipment throughout your contract term. By purchasing a wireless system and installing it yourself, you’re definitely on your way to a more affordable home security system.
Call Your Insurance Company
Nearly all home insurance companies will give you a discount on your monthly insurance costs if you install a working home security system. According to the FBI, a home burglary occurs every 15 seconds, and homes without security systems are three times more likely to be broken into that homes with a system.
Because home security systems decrease the chances of break in to such a high degree, your insurance company knows that you are less likely to file a burglary claim if you have home security system installed. Therefore, they save money when you have a security system installed, and apply these savings to your account. The average home insurance company will offer a 15 to 20% discount on your insurance plan with a security system installed and active.
On the flip side, your insurance company may also help offset the cost of your home security system by applying discounts directly to the system. While they often give you a discount on your insurance fees, they may also save you up to 10% on installation and equipment fees due to partnerships with certain home security system providers. They’re saving money when you purchase a security system, and you should too. Make sure you speak with your security system company, as well as your insurance company, to see if any of these home security system discounts apply.
Monitor the System Yourself
If you installed your security system yourself, it most likely was a wireless security system, meaning that the sensors and the control panel communicate with your monitoring company via cellular technology. Because of this, the security system can be accessed wirelessly to control the various sensors and enable and disable the system from afar.
While it is valuable and provides added peace of mind to have your security system monitored by a thirdiparty security system provider, it is also an option to monitor your wireless system yourself, especially if you’re looking for the most affordable home security system.
Most wireless home security systems can be monitored through your mobile device or computer via the security system’s mobile app or website. Simply create a login for the system, and customize your alerts depending on how detailed you’d like your notifications to be. Depending on the sensors you have installed, you can receive push notifications, text messages or phone calls every time a motion sensor is triggered, your security system sounds, or your smoke detectors are activated. You can also log in to see when the front door was opened or closed and who locked or unlocked the door. These real-time notifications allow you to monitor your system without the help of a third-party service, eliminating costly contracts and continuousmonthly fees.
Avoid Damage to Your Home
According to the FBI, the average burglary costs the homeowner over $2,000 in damage and loss. A home security system can drastically reduce the chances of a home burglary from occurring, saving you the financial and emotional distress that comes along with one.
While the main function of a home security system is to prevent burglary, with a few extra sensors, they can also prevent a number of other costly home incidents, such as fire, flood and smoke damage. According to the 2014 State Farm Report, the average cost of a fire claim in $34,532, and even a minor flood in average home can cost over $25,000 per incident.
Compared to the high risk of these tragedies, a home security system is a small price to pay, and can save you thousands of dollars in the long run. Contact your preferred home security system provider or visit our Deals & Discounts page to learn more about ways you can save on the cost of equipment and monitoring services today.