Smart Home Devices Could Save You Money on Home Insurance

A smart energy meter, used to monitor gas and electricity use, is pictured in a home in Walthamstow, east London, on Feb. 4, 2022. Tolga Akmen/AFP via Getty Images

A smart thermostat can turn up the heat in your home before you roll out of bed. A smart speaker can play your favorite podcasts with a voice command. A smart lightbulb can be turned on or off from across the room.

But smart-home devices aren’t just about convenience. Because some of them can help keep your home safe and secure, they could also earn you a discount on your homeowners insurance.

Discounts for Smart Home Devices

NerdWallet reached out to a dozen insurance companies and found that most of them offer discounts to homeowners with smart home devices designed to prevent water damage, fire, or theft. In our research, we found companies advertising homeowners insurance discounts up to 13 percent, depending on the device and where you live.