Do Security Cameras Reduce Home Insurance? (Explained in Detail) 

You know this — installing security cameras can help protect your home from phrogging and other break-ins. But did you know they can also lower your home insurance costs? Many insurance companies offer discounts to homeowners who take steps to reduce risk, and security cameras are one of the best ways to do that. 

So, let’s find out how security cameras impact insurance rates, what discounts to expect, and how to maximize your savings. 

Can Security Cameras Lower Your Home Insurance Premium?

Yes, security cameras can help lower your home insurance premium, but it depends on your insurance provider and the type of system you have. Many insurance companies offer discounts to homeowners who take extra steps to protect their property, and security cameras are one of the ways to do that.

When you install security cameras, they reduce the risk of theft, vandalism, and break-ins. Insurance companies see this as a way to lower the chances of you filing a claim, which makes you a lower-risk customer. 

Because of that, they may offer a discount on your premium. However, the discount amount varies — some companies might offer a small percentage off, while others may have specific requirements for the type of security system you need to qualify.

What Type of Security Cameras Qualify for Insurance Discounts?

Insurance companies usually require cameras that improve security, reduce risk, and provide clear evidence in case of an incident. Here are five types of security cameras that often qualify for insurance discounts. 

Professionally Monitored Security Cameras

Insurance providers prefer security systems that come with professional monitoring services. These cameras are connected to a security company that monitors your home 24/7 and can alert emergency services in case of a break-in or suspicious activity. Since they offer a higher level of protection, they often qualify for bigger discounts.

Smart Security Cameras with Remote Access

Many insurance companies offer discounts for smart security cameras that allow homeowners to monitor their property remotely through a mobile app. 

Cameras like Ring, Arlo, Nest, and Blink let you receive real-time alerts, view live footage, and even communicate with visitors through two-way audio. 

Image Source: CNET

Since these cameras help prevent theft and unauthorized entry, they often meet insurance discount requirements.

Outdoor Security Cameras with Motion Detection

Cameras installed outside the home are seen as a strong deterrent to burglars. Insurance providers usually prefer cameras with motion detection, night vision, and weather resistance. 

These features ensure the camera can capture any suspicious activity, even in low light or harsh conditions, making it easier to provide evidence in case of a claim.

Doorbell Cameras

Video doorbells, like Ring and Nest Hello, are another type of security camera that may qualify for insurance discounts. These cameras record activity at the front door, helping to prevent package theft and home invasions. 

Since many break-ins happen through the front entrance, doorbell cameras add an extra layer of security that insurance companies appreciate.

Cameras Integrated with a Complete Home Security System

Security cameras that are part of a comprehensive security system — including burglar alarms, motion sensors, and emergency response alerts — are more likely to qualify for insurance discounts. 

Companies like ADT, SimpliSafe, and Vivint offer systems that combine security cameras with other protective features, making your home a lower risk for break-ins.

How Much Can You Save on Home Insurance with Security Cameras?

Installing security cameras can help lower your home insurance premium, but the amount you save depends on your insurance provider, the type of cameras you use, and whether they are part of a complete security system. 

On average, homeowners can save anywhere from 5% to 20% on their insurance premiums by installing security cameras. The exact discount varies based on how advanced your system is. 

If you have a basic setup with outdoor cameras, you may qualify for a small reduction in your rate. However, if your cameras are part of a professionally monitored security system with features like motion sensors, alarms, and emergency response services, you could see more significant savings.

Insurance companies offer these discounts because security cameras help reduce the likelihood of break-ins and property damage. A well-placed camera can deter criminals, and if an incident does occur, recorded footage can be used as evidence for insurance claims, making it easier to process payouts. This lowers the risk for insurance companies, which is why they often reward homeowners who invest in home security.

The best way to find out how much you can save is to contact your insurance provider and ask about their specific requirements. Some companies only offer discounts for professionally installed systems, while others may accept self-monitored smart cameras like Ring or Nest. 

They may also require that the cameras cover specific areas, such as entry points and the perimeter of the home.

How to Get a Home Insurance Discount with Security Cameras

If you’re looking to save money on home insurance, installing security cameras can help. Here’s how to do it. 

Check with Your Insurance Provider

Before buying or installing security cameras, call your insurance company and ask if they offer discounts for home security systems. Some companies have specific rules about which cameras qualify. You don’t want to spend money on a system only to find out it doesn’t meet their requirements.

Choose the Right Type of Security Cameras

Providers usually prefer professionally monitored cameras or smart security systems that offer 24/7 recording, motion detection, and remote access. Cameras that are part of a complete security system with alarms and monitoring often get the best discounts.

Install Cameras in Key Areas

To increase your chances of a discount, make sure your cameras cover important areas like. 

• Front and back doors
• Driveways and garages
• Entry points like windows
• Backyard and side areas

Some companies require proof that your cameras actively protect your home, so placement matters. A camera pointing at a random part of your yard won’t help.

Keep Your Cameras Connected & Active

A camera that isn’t recording or isn’t connected to an app or monitoring service won’t be useful. Make sure your cameras are fully functional at all times. If you use a battery-powered camera, check that it’s always charged. 

Some insurers require cameras to be connected to a cloud storage service or have professional monitoring for eligibility.

Provide Proof to Your Insurance Company

Once your cameras are installed, send proof to your insurance provider. They may ask for.

• Photos or video of the installed cameras
• A receipt or invoice for the system
• Documentation from a professional monitoring service (if applicable)

If your insurance company needs specific details, make sure to provide them quickly to avoid delays.

Ask About Additional Security Features for More Savings

If you want to maximize your discount, consider adding extra security measures. Some providers offer higher discounts if your security system includes. 

• Burglar alarms
• Smart locks
• Motion detectors
• 24/7 professional monitoring

The more layers of security you have, the more likely you are to save on your premium.

Review Your Policy Every Year

Insurance policies change, and so do discount programs. Check with your provider annually to see if they’ve updated their security camera discount requirements. 

If you upgrade your system or switch to a more advanced security setup, you might qualify for an even bigger discount.

Conclusion

Security cameras can lower home insurance costs by reducing theft and property damage risks. Many insurers offer 5% to 20% discounts, especially for professionally monitored systems or those with alarms and motion detectors.

To maximize savings, check your insurer’s requirements, install qualifying cameras, and provide proof. Bundling features like alarms and smart locks can increase your discount.

Security cameras save money and improve safety. Contact your insurer today to see how much you can save!

FAQs

Do all insurance companies offer discounts for security cameras?

Not all insurers provide discounts for security cameras, but many do for full security systems. Some require professional monitoring or extra safety features. To know for sure, ask your provider, does installing security cameras lower insurance rates?

How do I prove to my insurer that I have security cameras?

You’ll need to provide proof, such as a receipt, installation photos, or a monitoring agreement. Some insurers may require a certificate of installation. To avoid delays, check what documents your provider needs for home insurance discounts for security cameras.

Do wireless cameras qualify for home insurance discounts?

Yes, but it depends on the insurer. Many accept wireless cameras, especially if they have remote monitoring and cloud storage. Some may require a monitored system for home security and insurance premium savings.

Is a full security system better than just cameras for discounts?

Yes, full security systems with alarms, motion sensors, and monitoring usually offer bigger discounts than cameras alone. Insurers see them as better protection, making them the best home security systems for insurance discounts.

Can renters get insurance discounts for security cameras?

Yes, some renter’s insurance policies offer discounts for security cameras and smart devices. While savings may be smaller than for homeowners, home security and insurance premium savings still apply.

How much does a home security system reduce insurance?

Savings vary, but most homeowners get 5% to 20% off their premium with a security system. Professionally monitored systems usually qualify for the highest discounts. If you’re wondering how much can security cameras reduce home insurance, check with your provider.