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Are security systems worth it and can they reduce the cost of my insurance?

Are security systems worth it and can they reduce the cost of my insurance?

Home security systems include everything from alarms and motion detectors, to panic rooms and automatically locking doors. What system you choose may depend on where you live and the valuables you own. Here’s our guide to what to look out for.

Chris King
From the Home team
minute read
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Posted 18 FEBRUARY 2020

What types of home security system are there?

There are lots of types of security systems on the market all designed to help keep your home secure. There’s your basic burglar alarm, which reacts when tripped. Then you have monitored systems connected to call centres, which alert the police if they detect suspicious activity. 

Security cameras can be a good crime deterrent, as few burglars want to risk being recognised. The latest ones are cheaper and easier to install than you might think; for example Nest’s Cam Security Camera – Outdoors, which starts at around £150.

Tech has revolutionised everything and home security systems are no exception. The latest smart security systems can be controlled from your smartphone.

And whereas traditional systems are often big and ugly, the new ones are small and discreet.

There are also smart home hubs and sensors, which can control the lights while you’re away and can let you know when there’s unexpected activity in your home.

How much do security systems cost?

That very much depends on the system you choose. For as little as £45, you can buy the Discoball Home Alarm System,  which includes an alarm and wireless motion sensors. And if you’re on a budget, you can buy wireless alarms for sheds and motorhomes for as little as £8 each.

Are home security systems worth it? Well, the system you choose is down to your own preferences and budget, and could depend on where you live and how valuable your possessions are. But it’s worth bearing in mind that the contents of the average three-bedroom house are worth £55,000, so don’t underestimate how much you own!

Can a security system reduce my home insurance costs?

The short answer is yes. Some insurance providers will offer you a reduced premium if they see you have a working burglar alarm in place. Some may also consider the additional benefit that the latest connected security devices bring, however this is currently less common. Your premium will also be heavily influenced by other factors such as where you live and the kind of building you live in.

But be warned, in certain postcodes, some insurance providers will only cover you if you have a burglar alarm installed. And if you want a high level of cover – let’s say you have lots of expensive jewellery and electronic gadgets – your insurance provider will want to see that your home is well protected.

How can I tell if a security system is good enough?

Most alarms now come with an NSI (National Security Inspectorate) rating, which means it meets the standards the police, fire and rescue services expect. Some insurance providers may ask for this rating before they cover you, so it’s a good idea to keep a record of yours.

Where can I get good value home insurance?

If you’re on the hunt for good insurance, you’re in the right place. We compare more than 60 of the UK’s most trusted home insurance providers for you, so if you’re installing a burglar alarm to get a discount on your home insurance, it’s worth comparing the market now.

All you need to do is start a quote, let us know some details about where you live and what security you have in place, and we’ll help you find suitable options. Stay safe and Compare the Market today.

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