Installing a security system in your home can help reduce your homeowner's insurance premiums. Insurers often offer discounts to homeowners who take proactive steps to reduce the risk of theft, fire, and other damages. Security systems that monitor for break-ins, smoke, and fire hazards provide additional protection and decrease the likelihood of an insurance claim, making you a lower-risk customer in the eyes of the insurer.

Other measures that could help lower your home insurance premiums include upgrading older systems, such as plumbing or electrical wiring, and installing storm-resistant features like reinforced roofs or impact-resistant windows. Many insurers also provide discounts for homes with fire extinguishers, smoke detectors, and deadbolt locks.