Homeowners insurance policies in Colorado often offer discounts to homeowners who have installed qualified home security systems. These discounts are provided because security systems are considered to reduce the risk of burglary and damage, which in turn lowers the likelihood of insurance claims. Homeowners with security systems can typically expect to see savings on their insurance premiums as a recognition of the reduced risks.

How Much Can You Save on Homeowners Insurance with a Home Security System?

Here are some simple examples of potential savings for homeowners in Colorado who install qualified home security systems. A basic monitored alarm system, which includes door and window sensors and central monitoring, can lead to a 5% discount on a homeowners insurance premium. For an annual premium of $1,200, this translates to savings of $60 per year. Upgrading to an advanced security system with surveillance cameras and smart locks monitored 24/7 might offer an 8% discount. With an annual premium of $1,500, this means $120 in yearly savings. A full home automation system that includes fire and carbon monoxide detection, along with security monitoring, could earn a 10% discount, resulting in $200 savings on a $2,000 premium.

These savings are hypothetical and can vary depending on the insurance provider, the specific home security system installed, and other factors such as the home’s location and the homeowner’s claim history. Homeowners should talk to their insurance providers to understand the exact discounts available and how to qualify for them. Installing a home security system not only provides peace of mind but can also lead to significant savings on insurance premiums.

For personalized advice, it’s best to consult with a local insurance broker like Castle Rock Insurance in Colorado. They can help you explore the best options for integrating home security systems and qualifying for insurance discounts tailored to your specific needs.