Home insurance companies will lower your premiums if you have these smart devices

These days, many homeowners are using smart home devices to help protect their biggest asset. As a result, many home insurance companies offer discounts on their premiums to customers who use these items. However, since this technology is still quite new, not all companies currently offer this benefit.

That’s why it’s important to find the right home insurance company. If you’ve invested in smart home technology, it’s probably worth going with a company that offers one of these discounts. After all, even a small percentage discount will mean money back in your pocket at the end of each month. Fortunately, you can explore pricing and find the right home insurance plan for your needs through Credible.

However, before we get into too much detail, it’s important to understand a little more about how these discounts work. We’ve listed four smart home technologies that can get you a discounted rate below.

For starters, wireless security systems, including those with video doorbells, can help lower the cost of your property insurance or home coverage. Simply put, these security systems protect your home against the threat of a home invasion by offering the ability to lock and unlock your home remotely, send instant security alerts, and continuously monitor all home activity .

In particular, insurance companies really like to see these systems combined with monitoring services, which will call the police or fire department in the event of a problem. That said, just be aware that these services often come at a cost, which can cancel out any discount you received on your premium.

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While it may seem strange that a thermostat can lower insurance premiums, in this case, it’s fire safety. The right thermostat can sound an alarm if it senses the temperature is getting too hot or can turn off the fans in the heating system to prevent the temperature from rising further.

As an added bonus, a smart thermostat can help you save on your energy costs. Often, you’ll have the ability to remotely turn your heating or air conditioning system on and off, which means you can reduce the chances of it running when you’re not home.

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In the meantime Obviously, smart smoke detectors are meant to reduce the risk of fire. While every smoke detector is different, most smart models will send you automated alerts for maintenance, remotely shut off in the event of a false alarm, and notify your local fire company if some problem

However, it’s important to note that there are other things you can do to lower your premiums. For example, simply keeping fire extinguishers nearby reduces the risk of significant property damage in the event of a fire, so they are often associated with a discount on many insurance policies.

Water and gas shut-off sensors

Finally, water and gas shut-off sensors reduce the risk of leaks and flooding. Tools like gas leak detectors learn your behavioral patterns to better detect leaks. They’ll also automatically shut down your system in the event of a leak and send you shutdown notifications in case you’re not home.

Similar to fire extinguishers, there’s a good chance your home insurance company will offer you a discount if you have the right carbon monoxide detectors installed. These detectors can work hand-in-hand with gas and water shutoff sensors to better keep you and your family safe.

If you’re ready to start shopping for the right insurance agency, the first step is to get an idea of ​​your coverage options. Just like when you got your mortgage, you’ll probably want to get at least three home insurance quotes from different insurers. When you’re ready, Credible can help you compare home insurance companies and get an online quote in minutes.

As for what to compare when you get your quotes, you’ll want to look at insurance deductibles. Deductibles mean the amount you will be responsible for covering in the event of an emergency. You’ll also want to see if you can save money by bundling your home insurance coverage. Some insurance companies will offer a discount for adding additional policies such as earthquake or flood insurance.

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