3 Smart Devices That Will Save You Money On Your Home Insurance

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3 Smart Devices That Will Save You Money On Your Home Insurance

See how we're different

The percentage of people with smart products in their house is growing substantially with 47% of Millennials already owning some devices while 70% who already own one product are planning to buy another one. (Alarms.org)

Many homeowners have been adding these devices to their homes for reasons such as: protecting home against intruders (67%), ability to monitor or control home when away (52%), ability to monitor or control from anywhere in the home (30%), get notification about fire or gas problems (29%), and lastly help keep an eye on loved ones (27%).  If you are among this group, or if you are considering purchasing some sort of smart home device to either save money on heating, electricity bills or better secure your home, you may want to mention it to your insurance provider.

Insurance companies love smart home control and monitoring for a simple reason: Smart homes are protected homes, which means lower risk, according to MarketWatch. Some insurance companies even offer discounts on smart home security devices, in addition to customary premium discounts for having security products installed!

If you are among the 55 percent of homeowners that have not yet upgraded your home with some sort of smart home technology, let’s have a look at some of the best options we have found and potentially save you money on your insurance policy.

These 3 Smart Devices Will Save You Money On Your Home Insurance. No, Really!


1. Nest Smoke and Carbon Monoxide Detector ($119.00)



This Smoke and Carbon Monoxide Detector from Nest is the ultimate smoke alarm for your home.

This thing is jam-packed with added benefits including an industrial-grade smoke sensor, silencer from your phone, it automatically tests itself and lasts for up to 10 years! It also tells you what’s wrong so you know what to do and where to go and can even conveniently alert your phone in the event of an unforeseen event.

How much can you save?

Liberty Mutual has recently teamed up with Nest and is claiming you could save up to 5%, which means the Nest will most likely pay off within the first year!


2. Canary All-in-One Home Security Device ($109.00)



The Canary is a complete security system packed into a single device you control from your smartphone. You can stream real-time video of your home with Canary’s 1080p HD camera, 147-degree wide-angle lens, automatic night vision, and high-quality audio.

This device doesn’t need additional sensors and the setup takes minutes. Download the app, set Canary on a flat surface, plug it in, connect it to the internet, and you’re ready to go.

How much can you save?

When you purchase the Canary through State Farm, you get a $20 Visa gift card and save $20 on a Canary Annual membership, as well as, receiving home insurance discounts.

3. Ring Wi-Fi Enabled Video Doorbell ($199.00)



Ring is an easy-to-install video doorbell that allows you to answer your door from anywhere using your smartphone.

With a motion-activated camera, two-way audio and brilliant HD video, you’ll never miss a visitor again.

How much can you save?

American Family is currently partnered with Ring, which means once your Ring Video Doorbell is installed, you may also qualify for up to a 5% savings on your policy, depending on where you live. If your home is burglarized after your Ring is installed, you will be reimbursed by Ring for your deductible.

These are just a few examples of smart home devices that can save you money on home insurance. If you have a smart home device but it was not listed here give us a call (203) 481-8898 and we will work with your insurance provider to see if you are qualified for a discount. It is also important to note that traditional devices such as smoke detectors, fire alarms, and extinguishers are also considered when evaluating if you are qualified for a discount.

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 Informational statements regarding insurance coverage are for general description purposes only. These statements do not amend, modify or supplement any insurance policy. Consult the actual policy or your agent for details regarding terms, conditions, coverage, exclusions, products, services and programs which may be available to you. Your eligibility for particular products and services is subject to the final determination of underwriting qualifications and acceptance by the insurance underwriting company providing such products or services. Statements on this website as to policies and coverages provide general information only. This information is not an offer to sell insurance.