We already know that smart home automation can make your life safer, easier, more efficient, and more convenient, but did you know that smart home technology can also lower your insurance rates?

How Smart Home Technology Can Lower Your Insurance Rates

We already know that smart home automation can make your life safer, easier, more efficient, and more convenient, but did you know that smart home technology can also lower your insurance rates?

The article below was written by one of our trusted vendors, letting you know how to get the most out of your smart home, including extra savings. Because of all of the extra security this technology can offer, it gives you peace of mind knowing that your house is monitored and safe from floods, fires, and burglary. Your now even more secure home saves your insurance company money on claims, which in turn allows them to offer you lower rates.

Read on to discover more advantages of smart home technology and how to lower your insurance rates.

If you would like more information on smart technology, click here to schedule a free consultation today!

Security & Sound Design has been serving the cities of Northern Colorado ? Greeley, Windsor, Loveland, Fort Collins, Eaton, and more since 1983, providing security systems, home automation, home theater systems, custom sound & lighting solutions and more to both residential and commercial customers. We can work with you to find a solution to fit your budget. We would love to add you to our family of customers! 

Our homes are our dwellings, where we spend a large portion of our time enjoying the subtle aspects of life with our friends and family. It is where we sleep, unwind, and relish down-time with our kin. But you just never know if someone is lurking around your neighborhood with bad intentions. And another concern is the possibility of property damage from leaking pipes, fires, and many other unexpected incidents. There are a multitude of options that can go a long way to keeping your property and family safe and your sanity intact.

A few advances in smart home offerings include:

  • Activating ?smart? alarms during set times of the day
  • Automatically adjusting thermostats in real-time
  • Locking and unlocking doors from a smart device
  • Turning on and off lights with motion detection sensors

However, the benefits of having a smart home system installed go beyond safety and convenience. Another benefit you may not be aware of is the potential to receive home insurance discounts for installing smart home technology.


In short, you may receive insurance discount savings for installing smart home technology. According to Fortune.com, 45 percent of insurance companies believe that connected devices will be a large opportunity in the very near future (less than 2 years away).

Insurance companies make money on the monthly premiums that customers pay and incur expenses when having to pay out claims to property damage, such as theft or internal flooding. Therefore, the fewer claims insurance companies have to pay out to fix the damage, the more they?ll appreciate your business as their client. And it could potentially earn you home insurance discounts.

According to an article from TechnologyReview.com, ?Smart home technology reduces the risk for insurance companies to have to pay out these often expensive home insurance claims.? Let?s paint a picture of why insurance companies will likely appreciate the use of smart home technology in your home.

Let?s say you head to work in the morning and your water pipe breaks right after you leave. You go through the work day with no worries. Then, you return home eight hours later to see a flood of water throughout your home that has caused a substantial amount of property damage. If you had a smart flood sensor and an automated water control valve installed, you would have received a notification on your smart phone and had been able to remotely shut off the water supply, avoiding this incident entirely.

With a smart home system installed and configured accordingly, you could have been notified instantly that there was a leak in the basement and had been able to remotely turn off the water.


Keep in mind that your homeowner?s insurance rate is negotiable. You are not stuck with the monthly premium cost the insurance company puts upon you. Prove that you are being proactive in protecting your home investment by installing a smart home system and you may be able to lower your rates and possibly receive home insurance discounts.

You can start by letting your insurer know what safety improvements you have made to your home. If they refuse to offer you a discount for installing smart home technology, you can always switch home insurance companies at any time with no hassle by comparing and negotiating rates with various companies. Shop around and see what rates you can receive.

In all, it is highly recommended that you take advantage of a smart home system, like Control4. Kill two birds with one stone?protect your family and property, and potentially reduce home insurance rates.

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