How to Money · Friday, August 7, 2026
Installing a DIY home security system can lead to savings on homeowners insurance, according to a Barron's article. Host Joel noted that while companies like SimpliSafe revolutionized the market, even basic systems can reduce premiums, potentially offsetting the installation cost within a year.
“One of the things they mentioned was even just like, you know, your home insurance company is going to ask you what what certain questions about your house and certain changes that you make can impact you in a beneficial way when it comes to how much you pay for homeowners insurance.”
“So one of those things is having a home security system, right and back in the day, that meant calling this one giant company who would install it for you, and they would put you in this nasty little contract and they would charge you like fifty five dollars a month.”
“But this is an inexpensive thing that you can do to your home that actually could save you money over the long haul. So it's worth asking your homeowners insurance company, Hey, what can I do to save money on the costs as these costs of risen”