{"id":1018,"date":"2017-02-17T19:49:50","date_gmt":"2017-02-17T19:49:50","guid":{"rendered":"https:\/\/www.homeinsuranceking.com\/blog\/?p=1018"},"modified":"2017-02-17T19:50:05","modified_gmt":"2017-02-17T19:50:05","slug":"can-get-discount-homeowners-insurance-using-smart-home-device","status":"publish","type":"post","link":"https:\/\/www.gethomeinsurancequotes.com\/blog\/can-get-discount-homeowners-insurance-using-smart-home-device\/","title":{"rendered":"Can I get a discount on my homeowners insurance for using a smart home device?"},"content":{"rendered":"
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Did you know that 2 out of 3 homeowners insurance customers in the United States would be willing to change insurance companies if they could get a discount on their policy for using smart home devices?<\/p><\/div>\n

According to data released by NTT Data, which is a top 10 global business and IT service provider, roughly 2 out of 3 homeowners insurance customers in the United States would be willing to change insurance companies if they could get a discount on their policy for using smart home devices.<\/p>\n

Smart home devices, which fall under the Internet of Things (IoT) umbrella, include devices such as smart thermostats like Nest, connected smoke and carbon monoxide detectors, monitored security systems as well as smart garage door openers. These types of devices not only make users lives easier but also notify emergency services such as the fire department if a fire breaks out when a homeowner is not at home. This usually means the fire is contained quickly leading to less expensive claims<\/a> for insurance companies.<\/p>\n

The study found that 64% of survey respondents were willing to invest in smart home technology if their homeowners insurance company offered a discount. The study also found that these customers who are referred to as \u201cseekers\u201d in the study, were less loyal to their current insurance carrier than respondents who were not willing to invest in smart home technology.<\/p>\n

It turns out that many customers would be happy to purchase homeowners insurance from a technology company, instead of an insurance provider. A whopping 53% of the \u201cseekers\u201d group would trust a non-traditional provider such as Google or Apple for their insurance coverage.<\/p>\n

Privacy is a Concern<\/strong><\/p>\n

There are three major reasons that consumers \u201cseekers\u201d are willing to spend money on smart home devices:<\/p>\n