FortLocks Blog

Can Home Security Lower Insurance?

Home insurance: it’s one of those essential expenses that unfortunately can’t be avoided. But could you be paying less? If yours is coming up for renewal and you’re wondering what you could do to get the quote down, a security upgrade could be the answer. Here’s how to save money on insurance by upgrading your home security.

Effective deterrents

Visible home security systems such as intruder alarms and CCTV are proven to act as a deterrent to burglars and intruders, making them less likely to target your home. Combined with the best door locks you can find, it’s possible to significantly reduce the likelihood of a burglary in your home.

Because the crime statistics back this up, home insurers will reward your home security measures with a reduction in your insurance premiums. So, in very general terms, the higher the level of security on your property, the lower your insurance will be.

Homeowners insurance cost

Home insurance calculations are informed by a complex combination of different factors. The area where you live, the type of property and the value of your belongings can all affect how much you pay. A detached property in Hampstead will command a different level of insurance to a flat above a shop in Hemel Hempstead, for example. The exact algorithms are complicated but fundamentally, insurers are looking at two factors: the risk of a burglary or break-in and the value of the items that might need replacing.

By installing high-security door locks and other preventative measures, it’s possible for homeowners to reduce the risk of a security breach. So, deterrents – security features that prevent a crime from being committed – will save you from having to make a claim from your insurance company, thus reducing the rate you pay.

Is home insurance worth it?

Although the amount you pay out for a top-of-the-range home security system might not be offset by an equal reduction in your insurance expenses, the benefits it brings could still be worth your while. By investing in better home security, you will kill two birds with one stone, better protecting your home from intruders and paying out less in insurance premiums at the same time.

It is important that you remember to be honest with your insurance company. If you’ve seen how home security systems can reduce the insurance you pay, you may be tempted to bend the truth about what you have, rather than actually installing the systems. If you’ve told your insurer that you have a working burglar alarm, then have to make a claim and it becomes apparent that you don’t, you could find yourself out of pocket in a big way when the insurance company refuses to pay out.

Upgrade your home security today

Want to improve the security of your home and save money on your insurance? Contact Fort Locks for a security upgrade. We work in and around Hertfordshire and North London and can offer expert advice on the best security measures for your home.


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