Cut Your Insurance Costs by Installing a Burglar Alarm

Is your house safe from burglars? You might think so, but consider the startling statistic provided by the Federal Bureau of Investigation (FBI). It is reported some sort of home burglary is committed every 14.6 seconds in the United States alone.

burglar-outsideIt doesn’t matter where you live or what kind of house you live in, you are at risk for a burglary.  If that’s not enough to make you consider safeguarding your home, consider the fact that the average loss from one of these burglaries is about $4,000.

If you haven’t considered installing a burglar alarm in the past, you might want to think about the benefits of doing so now:

  1. It will help ward off potential break-ins. Burglars want to get in and out of a house quickly and quietly. So, if they notice that you have an alarm system and your neighbor doesn’t, the odds are better they will strike your neighbor and leave your house alone
  2. In the event a burglar does try and get into your home, an alarm alerts neighbors and the police by either sounding off an audible noise and/or calling the police immediately. This may not only save your family from potential harm but can limit your property loss during a burglary.
  3. It can save you hundreds of dollars over the lifetime of the alarm on insurance costs.

The High Cost of Homeowner’s Insurance

Anyone who owns a home knows how expensive property insurance can be. But, did you know that you can cut that bill by 15-20% simply by installing a burglar alarm?

burglar-jumping-over-wallThe average homeowner spends between $300- and $1,100 a year on insurance to protect their property.

By installing an alarm you could save as much as $110.00 every year on those premiums. Plus you will have the peace of mind in knowing that your family –and your belongings – has an extra layer of protection.

Types of Alarms That Qualify for Insurance Savings

In most cases, a more sophisticated system garners a bigger insurance discount. A basic audible alarm that simply sounds off when someone tries to get into your home may only generate a 5-7% insurance discount, but it will still offer some level of protection. Adding some sort of monitoring service to the alarm which contacts you, a monitoring company, or the police department itself, can all help to increase your insurance discount.

house-with-security-lightsOf course, the very best systems that offer regular monitoring; direct access to emergency services in your area (including police, fire, and ambulance services) as well as notification straight to your cell phone is considered premium service.

In most cases, this will give you the biggest savings on your insurance bill. This type of monitoring usually costs about $30 or more per month, generating an insurance savings of between $65 and $110 each year. While not enough to cover the entire alarm service, it does help keep your costs down while providing the most protection to your home and family.

Choosing the Right Alarm System

When choosing an alarm system for your home, consider the impact it will have. Do you live in a high crime area? Then you will likely want to opt for premium service. Plus, adding this type of high-quality service to your home will offer the most savings on your insurance – which could be higher simply because of crime rates in your neighborhood.

motion-sensor-catching-intruderFor those who live in low crime areas and have lower insurance premiums, an alarm system that offers either an audible alarm to alert yourself and your neighbors of trouble may be enough. In most cases, however, a system that offers some internal monitoring which calls the police department when the system is triggered is best. This too can offer substantial savings on insurance premiums – between 10-15% annually.

Choosing a burglar alarm is an important step to protecting your possessions and your loved ones. It is important to choose a system that offers the most protection at the best cost. An added benefit is of course the added insurance savings you can experience. To see what system will give you the biggest savings, talk to your insurance provider, and then contact a qualified alarm system provider to begin saving now.