What security measures are people using to protect their home?
Next, we asked what kind of security measures people had in place to protect their home and contents against theft and break-ins.
Deadbolt locks were the most common form of home security across Australia (58.6%), Canada (55.8%) and the USA (67.9%). Beyond that, preferences for different security measures vary depending on location.
Gated fences and security screens on doors and windows were the next most common means of protection among Australians. Security cameras and peepholes on doors were the next most common means in Canada, while it was the other way around in America, with peepholes being more popular than security cameras.
Within the “other” category of security measures, many survey respondents listed dogs as a means of home security. Additionally, almost 10% of Americans who specified another security measure in the survey listed guns as a means of home defence. In contrast, only one Australian survey respondent listed firearms as a deterrent for thieves, and none of the Canadians surveyed listed guns as a means of keeping burglars away.
Does security equipment reduce home insurance premiums?
Compare the Market’s General Manager of General Insurance, Adrian Taylor, notes that some security devices may have a positive impact on home and contents insurance premiums.
“Some insurers do lower premiums a bit if you have some form of home security, but it depends on what type of security device it is,” Taylor explains.
“The most common types that do make a difference are alarm systems. Security cameras typically don’t make any real difference to the price you pay for insurance, but the footage they provide can be invaluable not just to police investigating a break-in, but to your insurance provider as well.”
When it comes to home security and the price of home and contents insurance, one of the biggest pricing factors is the local crime rate of the surrounding area. If a home is in an area where burglaries are common, then home and contents insurance will typically be more expensive.
Our survey also asked whether respondents had made an insurance claim for theft, broken or stolen goods and package-theft at the home.
While Australians were the most concerned with people breaking into their home of all three nations surveyed and have experienced a break-in previously, Americans were the most likely to have made an insurance claim. Almost one-in-four Americans surveyed (24.4%) had made an insurance claim for stolen belongings, compared to 17.5% of Australians and 16.9% of Canadians.
Canadians are the most concerned about package theft. The proportion of people concerned about package theft from their homes was very similar across the board.
Australians were slightly less worried than their North American counterparts, with 59.5% of those surveyed saying they had concerns packages may be stolen from their front door. In the USA this proportion rose to 60.1% of survey respondents, and Canadians were the most worried, with 61.9% of those surveyed saying they had concerns.
As for those who had actually had a package stolen from their home before, almost a third of Americans reported being the victim of porch pirates, while Australians were the least likely to be victims of package theft, with less than one-in-five survey respondents reporting a stolen parcel.