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Should You Add Smart Devices to Get a Discount on Your Homeowner’s Insurance?

By November 25, 2022No Comments

Most homeowner’s insurance policies will give you a discount for having certain smart devices installed in your home. While the discounts are usually minimal, they can add up over time. In this article, we’ll take a look at which devices will get you the biggest discount and whether or not the discounts are worth it.

The most popular smart devices that offer homeowners insurance discounts are security systems, But other devices like thermostats, water sensors, and lighting can also help you save. Here are some of the most common discounts and how much you can expect to save:

  • Security Systems: Most companies will give you between 5-10% off for having a centrally monitored security system. If you have other security features like smoke detectors and deadbolts, you may be able to get an additional 5% off.
  • Thermostats: A few companies will give you a discount for having a Nest thermostat, but the savings are usually no more than 5%.
  • Water Sensors: These can save you up to 10% on your premiums, depending on the company.
  • Lighting: Smart lighting can also get you a 5-10% discount from some insurers.

In most cases, it’s worth it to get the discounts offered by homeowner’s insurance companies for having smart devices installed in your home. The savings might not be significant, but they can add up over time. Keep in mind that different companies offer different discounts, so make sure to shop around to see who offers the best deal. And finally, don’t let the possibility of getting a discount influence your decision too much when choosing an insurer—other factors like customer service and claims history are more important.

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