HomeHome InsuranceSave Money by Installing a Smart Home Security System

Save Money by Installing a Smart Home Security System

Having a smart home security system is a great way to avoid burglaries, theft, and unwanted intruders. Due to the advancements in technology, security systems have become more connected. For example, most systems now include smart thermostats, outlets, and smoke/carbon monoxide detectors. These devices also allow you to control them via an app.

So, not only do these cool new gadgets add convenience to your home, but they also save you money in the long run. In this article, we will discuss how smart home security systems can save you money.

How a Smart Home Security System Can Save You Money

Protection against Theft

Burglaries and theft are a serious problem considering many households across the country experience them. In 2019 there were an estimated 1,117,696 burglaries. Unfortunately, throughout the pandemic, these numbers have increased due to spiked crime in several areas. These robberies can lead to thousands of dollars in stolen goods.

However, a smart home security system can help avoid such situations and keep your possessions safe. These devices allow you to monitor your home even when you’re away. With the help of doorbell cameras, you’re able to get notifications right away if there’s any activity. Also, having video cameras on the outside of your home will discourage thieves from stepping on your property.

If these gadgets don’t deter the thieves then your security system will go off and alert the authorities and you right away.

Protects the Property and Its Residents

There’s always a chance that the health and safety of your home and family could be at risk. This can include a fire in the kitchen, an outlet catching fire, or even water damage. As stated above, these systems come with smoke detectors, smart outlets, and even water monitors. For example, say you forget to turn off your hair straightener and leave the house, your smart outlet will turn off the device before it causes any damage.

These systems can alert residents quickly and allow problems to be caught early before any costly damage is done.

Lowers Utility Costs

Energy costs are a big expense for the majority of homeowners. For example, having a lot of lights on in and around your home and having the heat running while you’re away can add up. Luckily, you can decrease these utility costs by installing a smart home system.

Such as, your smart thermostat pays attention to your daily schedule and will adjust the temperature depending on whether you’re home or not. You also can control the thermostat from your phone. Also, you can turn off your lights or electronic devices when they’re not in use with the help of a smart outlet.

Investing in these gadgets can allow you to save tremendously on your electric and utility bills.

Lessens Wear and Tear

No one likes having to replace items due to constant wear and tear. However, you can reduce the use of HVAC systems, light bulbs, and smaller appliances with the use of smart home devices. Oftentimes these devices run for a lot longer than they need to be. Therefore, with the help of a smart home security system, your items can last longer and require less maintenance.

Insurance Discounts

The majority of the home insurance companies give a 15% discount on your home insurance if you have a security system. They do this because a more secure home is less likely to file a claim, so you’re less risk to them. Ask your provider whether or not you qualify for any discounts.

The following are some of the insurance discounts you can enjoy:

  • Theft protection
  • Fire protection
  • fewer claims

Bottom Line

Installing a smart home security system is a great way to add more protection to your home. It’s also a great way to save some money in the long run.