Googling shows a consensus of 10 - 20% of insurance discounts for home security systems, however the results tend to circle back to a few older reports that might be biased.
Based on your own experiences offering home security systems, what have you found? Any details would be appreciated.
I think now days the discount is closer to 10% since most people have things bundled with their auto. I think the bigger thing is insurance companies increasingly requiring homes to have monitored fire systems for larger end homes.
10% of what? The entire premium... the burglary portion?
My insurance company provides ~46% in discounts from my original homeowners premium. I use a lot of their insurance and financial products - most discounts are related to that.
In contrast to those deep discounts they only provide a $15.79 discount for my alarm per year (~0.6% of gross premium or ~1.1% of the discounted premium). This discount would decrease if the system were self monitored.
I just checked mine. My discount is far under 10%-20%. It is about 2%.
End users share their insurance saving at Simplisafe site. such as this
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