What Is the Farmers Homeowner's Insurance Discount Given for Owning an Alarm System?

The Farmers Homeowner's Insurance discount given for owning an alarm system is dependent upon many factors. These factors can include the home's location and the type of monitoring that is provided. Famers was unable to provide an approximate percentage range of this insurance discount.

Farmers Insurance states that they will only provide discounts in insurance premiums for their customers whose alarm monitoring plans meet certain criteria. For example, the monitoring service must include central station monitoring in order to qualify for a discount with Farmers Insurance. Customers who only receive self-monitoring will not qualify for a discount. Additionally, the central station must meet UL-listed standards. Criticom, the central station partner of Alarm Grid, fully meets these standards.

In order to increase one's discount in their insurance premium, it is recommended that they receive both burglary and fire protection. Receiving both types of protection will result in a larger discount than just having one or the other. Another huge factor that affects any sort of applied discount is the location of the home. Farmers will grant larger discounts in certain states and cities than in others. Farmers specifically advised that they will not provide any home insurance premium discounts for owning an alarm system in certain states. We recommend checking with Farmers Insurance to find out if you can receive a discount in your state.

Farmers also said that having cellular monitoring over IP monitoring can result in a slightly larger discount. This is likely because cellular communication is the most reliable communication path possible for an alarm system. The Gold and Platinum level plans from Alarm Grid both include cellular monitoring. Please note that you will need to have a central station monitoring plan in order to receive a discount from Farmers Insurance. You can check our Monitoring Page for more information. Farmers Insurance also says that they will not provide additional discounts for having security cameras. However, security cameras are still recommended because of the benefits they provide.