Homewatch Group

Does a Burglar Alarm Make Home Insurance Cheaper?

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There are a number of different factors that will influence the cost of your home insurance policy. This includes everything from the level of coverage included in your plan, your provider, the location of your property, and how secure your property is. After all, the more secure your property is, the less likely that you are going to be the target of thieves and criminals. With that in mind, it seems logical to pose the question of whether a burglar alarm will reduce the cost of your home insurance plan? 

There are a number of different surveys and pieces of research that have proven that you are far less likely to be burgled if you have a good alarm system in place. This includes surveys that have been conducted by Which? and research from the Metropolitan Police in London. Police.uk have also stated that you are five times more likely to be burgled if you do not have any security measures in place at your home.

When you take this into account, it is clear to see that having a burglar alarm installed is going to reduce the likelihood of your property being targeted by criminals and thieves. As a consequence, this is going to lower the chances that you will need to make a claim for home insurance. Because of this, there are a lot of providers that are going to reduce premiums for those homeowners that have security measures in place, including a good burglar alarm.

However, we do need to point out that there are no guarantees. This is because all providers are different, and so it does depend on your insurer and the current level of coverage that you have. Plus, it is important to remember that there are a number of different factors that influence the cost of your home insurance, as it does not only protect you against criminal incidents. The value of your contents, proximity to water, property structure, your postcode, the size of your property, and your lifestyle all come into play. Therefore, security is just one element of many that are considered when it comes to your insurance quote, and so if you invest in a burglar alarm yet the value of your contents has significantly increased, this could offset the reduction in price your increased security would have brought.

So there you have it: an insight into the different factors that are in play when it comes to determining whether or not your home insurance premiums will reduce if you have a burglar alarm installed. Ultimately, it is going to come down to your insurer, as there are different rules and stipulations in place. However, in most cases, you will find that installing a burglar alarm can help to lower your insurance costs because it is essentially making your home a lot safer.

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