Ways to Save on Homeowners Insurance Costs

Homeowners insurance is essential for protecting your property, but the costs can quickly add up. Fortunately, there are smart strategies to reduce these expenses without sacrificing coverage. One of the most effective ways to save on homeowners insurance is by investing in a home security system. By enhancing the safety of your home, not only do you gain peace of mind, but you can also qualify for significant discounts on your insurance premiums. In this guide, we’ll explore the various home security systems available and how they can help lower your insurance costs, making your home safer and your budget more manageable. Insurers

Ways to Save on Homeowners Insurance Costs

Install a Home Security System
- Insurance companies often offer discounts on your homeowners insurance premium if you have a home security system like Kangaroo Home Security in place. Systems with burglar alarms and cameras can reduce the risk of theft, leading to lower insurance premiums.
Bundle Home and Auto Insurance
- Many insurance companies offer discounts when you bundle your homeowners policy with your auto insurance. This can lead to significant savings on both your home insurance costs and auto insurance premiums.
Increase Your Deductible
- Raising your deductible is a straightforward way to lower your homeowners insurance premiums. Just ensure you have enough savings to cover the higher out-of-pocket expense in case of a claim.
Shop Around for the Cheapest Homeowners Insurance
- Comparing quotes from different home insurance companies can help you find the cheapest homeowners insurance that meets your needs. An insurance agent can assist in finding the best coverage at the lowest cost.
Improve Your Dwelling Coverage
- Ensure your insurance policy accurately reflects the rebuild cost of your home. Over-insuring or under-insuring can lead to higher premiums or inadequate coverage.
Maximize Discounts
- Take advantage of available discounts for features like fire alarms, smoke detectors, or a burglar alarm. Insurance companies often offer these incentives to lower your overall home insurance costs.
Review Liability Coverage
- Ensure your homeowners policy includes adequate liability coverage. This protects against legal claims for bodily injury or property damage, which can be costly without proper coverage.
Opt for a Policy with Adequate Personal Property Coverage
- Properly valuing your personal property coverage can prevent overpayment. Assess your belongings to ensure your policy covers them without inflating your premium.
Consult with Your Insurance Agent
- Regularly review your insurance policy with your insurance agent to adjust your coverage as needed and discover new ways to save on your home insurance costs.
Consider Medical Payments Coverage

Evaluate the need for medical payments coverage within your homeowners insurance. Adjusting this can either reduce your premium or ensure you're adequately covered in case of injury on your property.

Condo Insurance Discounts

Condo owners can take advantage of unique discounts to save on insurance premiums:

Bundling Policies: Many insurance providers offer discounts when you bundle condo insurance with auto or other policies.
Home Security Systems: Installing affordable systems like Kangaroo can qualify you for lower premiums by reducing risks of theft and damage.
Association Discounts: Some condo associations negotiate group discounts with insurers.

Proactively ask your insurer about these opportunities to save on your condo insurance costs.

Insurance Premiums With and Without Home Security Systems: Quick Comparison:

Premium Comparison Table

Period	Homes with Security Systems	Homes without Security Systems
Initial Premiums (Year 0)	Premiums might start at a lower rate due to security-related discounts. Initial reductions can range from 5-20% compared to standard rates.	Premiums start at the base level, with no discount applied.
Year 1-2	Premiums may stabilize or drop slightly further as risk decreases. Additional premium reductions of 1-5% may be observed, depending on the system's effectiveness and insurer policy.	Premiums might increase slightly due to inflation or claims in the area, usually by 2-5% annually.
Year 3-5	Premium reductions may plateau after an initial drop, with consistent discounts over time. Insurers could offer loyalty discounts, leading to cumulative savings of 10-25% over this period.	Premiums may continue to rise slightly, potentially by 5-10% over 5 years, due to inflation, claims, or increased risk perception.
Long-Term (5+ years)	Over a longer period, homes with security systems can see total cumulative savings of 15-30% on premiums compared to homes without systems.	Premiums continue to increase over time, with no access to security-based discounts. Long-term increases may be 10-20% higher than homes with security systems.

The Role of Kangaroo Home Security System

Get Kangaroo

Discounts on Homeowners Insurance:
- Many insurance companies offer discounts for homes equipped with security systems.
- Kangaroo Home Security Systems reduce risks like theft and vandalism, leading to lower insurance premiums.
Comprehensive Protection:
- Kangaroo offers a range of devices, including Doorbell Cameras, Indoor and Outdoor Cameras, and Motion + Entry Sensors.
- These devices provide comprehensive coverage, decreasing the chances of incidents that might result in a claim.
Ease of Use and Accessibility:
- Kangaroo systems are user-friendly and easily integrated into any home.
- Both homeowners and renters can benefit from the cost-effective security solutions offered by Kangaroo.
Recognition by Insurance Companies:
- Insurance companies value the protection provided by Kangaroo’s technology.
- Homeowners with Kangaroo systems often receive additional discounts on their home insurance policies.
Long-Term Savings:
- Beyond immediate premium reductions, Kangaroo’s devices help prevent losses and damages.
- This proactive approach contributes to maintaining a favorable insurance profile, which can lead to ongoing savings.
Smart Financial Decision:
- Investing in the Kangaroo Home Security System not only enhances home safety but also reduces homeowners insurance costs, making it a wise financial choice.

Benefit from Dory Insurance Concierge

Meet Dory

Maximize Your Insurance Benefits:
- At Dory Insurance Concierge Service, our primary goal is to help you achieve the most savings and benefits from your home insurance.
Direct Coordination with Your Insurance Carrier:
- Kangaroo Home Security will reach out directly to your insurance carrier to verify your eligibility for home insurance discounts.
Potential Reduction in Homeowners Insurance Premiums:
- Installing Kangaroo’s state-of-the-art security systems can potentially lower your homeowner's insurance premiums.
Proactive Strategy for Financial Savings:
- This approach ensures that your home’s security improvements are recognized, providing you with both peace of mind and financial savings.
Simplify Securing Your New Home:
- Protecting your new home with the right insurance coverage doesn’t have to be difficult or expensive. By exploring available discounts, such as bundling home and auto policies or installing advanced security systems like Kangaroo, you can protect your investment while saving on premiums.

Reviews and Testimonials from Dory Customers

These reviews and testimonials were collected from a recent survey conducted through the Kangaroo app. Dory Insurance Concierge customers shared their experiences, highlighting the ease of use, substantial savings, and excellent customer service they received. Here’s what they had to say:

"Great service! Customer representative was very helpful and volunteered to assist with insurance. I didn't even think of the service she offered."

- Dan, on his $32.5 Savings

"Great savings and no leg work on my part."

- Anthony, on his $68.00 savings

"Thanks Kangaroo-impeccable Customer Service Team so appreciated!"

- Melissa, on her $72 discount plus $51 annual savings

"The entire process was satisfactory"

- Caleb, on his $154 savings

"It was great and easy"

- Kero, on his $51 savings

Investing in a home security system like Kangaroo Home Security is not only a smart way to protect your property, but it’s also an effective strategy to reduce your homeowners insurance costs. By enhancing the safety of your home, you make it more appealing to insurance companies, which can lead to lower premiums. Additionally, understanding key factors like your deductible, dwelling coverage, and liability coverage can help you make informed decisions when selecting a homeowners policy.

Remember to compare home insurance quotes from various insurers to find the best deal, and take advantage of discounts and other cost-saving measures. Whether you're safeguarding against fire, theft, or other disasters, ensuring your home is properly insured while keeping costs manageable is essential. By following these tips, you can secure the cheapest homeowners insurance without compromising on coverage, giving you peace of mind and financial security.

Learn more

Q&A: Saving on Homeowners Insurance

Your Questions Answered!

Installing Kangaroo Home Security can reduce your home insurance rates. Insurers often offer discounts for homes equipped with security systems, as they lower risks like theft and vandalism. By enhancing your home’s safety, Kangaroo makes your home more attractive to insurance companies, helping you secure the cheapest homeowners insurance.
A deductible is the out-of-pocket amount you pay before your insurance kicks in to cover a claim. Higher deductibles can lead to lower home insurance rates because you’re sharing more of the financial risk. However, choosing a deductible amount that’s manageable is crucial for financial security.
A standard homeowners insurance policy usually includes: dwelling coverage, which covers the cost to rebuild or repair your home after damage from covered disasters; personal property coverage, which protects belongings like furniture and electronics; and liability coverage, which covers legal or medical expenses if someone is injured on your property.
To find the cheapest home insurance, compare quotes from multiple home insurance companies, install a security system like Kangaroo to qualify for discounts, bundle your home insurance policy with other policies such as auto insurance, maintain a claims-free history, and consider raising your deductible.
Home insurance rates depend on factors such as location, with areas prone to natural disasters often having higher rates; rebuild costs, with higher construction costs meaning higher premiums; coverage amount, as more comprehensive policies lead to higher rates; and safety features, with systems like Kangaroo lowering rates.
Dwelling coverage protects your home’s structure and covers the cost to rebuild or repair it after damage from covered events, such as a fire or severe weather. Ensuring sufficient dwelling coverage is vital to avoid paying out of pocket for rebuilding costs.
While reducing liability coverage might lower premiums, it’s risky. Liability coverage protects you from costly lawsuits if someone is injured on your property. A better option is to focus on other ways to save, like installing Kangaroo Home Security or shopping for the cheapest home insurance.
Home insurance companies calculate quotes based on factors such as home details, including size, age, and materials used in construction; risk factors like crime rates, flood zones, and disaster risks; safety measures such as homes with Kangaroo security systems; and coverage needs, including the level of coverage you select.
Dory streamlines the process of comparing quotes from top home insurance companies. It identifies discounts for security systems like Kangaroo and recommends ways to lower premiums without sacrificing coverage.
A disaster, like a fire or storm, can trigger a claim to rebuild or repair your home under dwelling coverage. However, frequent claims may raise your home insurance rates in the future. Ensuring your policy is comprehensive before disaster strikes is key to protecting your finances.

Ways to Save on Homeowners Insurance Costs