There is nothing like the peace of mind knowing that your family is safe. It’s the kind of rest that home security systems can provide. Of course, if you’re like me, this can be interrupted by the haunting reminder of the bill that comes along with a top-notch home security service.
We get it; Your family is priceless, but that doesn’t mean your budget is limitless. Here are some tips to cut the cost of home security systems.
Look For Promotions On Systems
Home security companies are always running promotions and offering discounts. When you’re shopping around, remember to try the following:
Sign Up Bonuses: Several companies offer free additional equipment, like a free home security camera, if you sign up now.
Ask About Your Situation: If you just moved, or if you are building a new home, there might be extra discounts available. For example, some home builders have relationships with home security companies and you can get your system installed or equipment upgraded at a steep discount.
Coupons: The internet is full of coupons. There are even websites dedicated to housing lists of active coupons. Taking 10-minutes to google and test coupons could save you 30% (or more) on your equipment.
Look For Local Rebates On Security Systems
Some cities offer rebates for installing a home security system. For example, D.C. recently offered rebates of up to $200 per security camera installed with a cap of $500 per residential address.
Beyond rebates, there have been situations where a city would subsidize some home security equipment. In Arcadia, California, the local government used $100,000 to subsidize Ring doorbell surveillance cameras. Citizens could purchase one with a discount of $100. While you might not support this use of tax dollars, it can mean that you get a cheaper home security system.
If the devices you are installing might help conserve electricity or water, then there is a chance that your local government is offering a rebate.
Factor In Security System Home Insurance Savings
Most home insurance companies will offer discounts if you install and maintain security devices. These aren’t limited to home alarms. You could receive a discount for installing smoke detectors, carbon monoxide detectors, freeze alarms, and water leak detection devices.
Research from the Insurance Information Institute found that installing a comprehensive home security system, reduced homeowners' insurance premiums by about 15 to 20 percent. If the average annual cost of insurance is $650, this could mean an extra $130 in your pocket. The homeowners were also less likely to see hikes in their premiums over time.
Be sure to check which items will help lower your premium. For example, it might be more important to get a deadbolt than a camera doorbell. Your system might also need to be monitored for the discount to apply.
Comparison Shop For Your Home Security
Of course, the best way to save money on your home security systems is to have done your research and know which providers offer the best service for the fairest prices. Be sure to consider their customer ratings, the cost of equipment, and the cost of ongoing monitoring.
Want a head start on your home security system research? We’ve done the hard work. Just enter in your zip code and we will compare home security offers in your area.