Does Installing CCTV Cameras Lower Home Insurance?

We all know that home insurance can sometimes be on the costly side. While it’s a necessity, that doesn’t mean we want to pay an arm and a leg for it. So, you’re probably wondering if there are ways that you can lower your premium but still benefit from your insurance if and when you need it. Could installing CCTV cameras lower your home insurance costs? Find out how CCTV cameras can help reduce your insurance premiums below.

Often, when you have advanced security systems installed at your home, the increased security on offer can help lower your insurance premiums. This is due to the fact that insurers believe CCTV deters criminal activity and prevents many criminal acts before they even happen. Increased home security also makes your home a harder target and therefore often not worth the risk to intruders. CCTV cameras alone are thought to reduce premiums by 5-10%.

Having CCTV cameras installed on your property can end up saving your insurer a significant amount of money. Customers that take extra steps like installing CCTV cameras are going to help prevent loss to the insurer. Stronger security measures tend to mean that insurers are paying out for claims less often. As such, many insurers are willing to lower their premiums and offer discounts or credit if they know that your home is low risk.

CCTV cameras in and around your home are a fantastic obstacle to criminals, making your home a significantly less appealing target for theft, arson or breaking and entering. This safer environment can have a positive impact on your neighbourhood as well, which can help to reduce your insurance costs. Neighbourhoods that have a lower rate of crime are going to be considered safer and therefore have lower home insurance premiums.

If you’re looking for ways to both improve your home security while lowering your home insurance costs and premiums, installing CCTV cameras can be a great step. The team at T.N. Locke Communications are experts when it comes to CCTV camera installation and home security systems. Get in touch with us today for your free CCTV camera quote.