Average Insurance Discount for Home Security Is 20%

Average Insurance Discount for Home Security Is 20% – CE Pro Article from CE Pro.

Average Insurance Discount for Home Security Is 20%

Data reveals that monitored fire detection portion of home security system is key, since fire and lightning claims are almost 10 times higher than claims for burglaries.
According to a survey of the nation’s 10 largest insurance companies, the average premium discount for a home equipped with an alarm system is 20 percent.

The study was conducted by the Rutgers University School of Criminal Justice and provides a compelling benefit that can aid CE pros who are selling security systems.

“A survey of the 10 largest insurance companies offering homeowners coverage found premium discounts up to 20 percent if a home is equipped with a monitored alarm system,” says Dom D’Ascoli, president of the Electronic Security Association (ESA). “The discounts can be substantial enough to pay a portion of the monitoring costs or installation of the system.”

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