Do alarm systems really reduce your insurance premiums? if so...

[clem]

I've been reading around a few threads here and there and often I hear people claiming that some insurance companies actually decrease the cost of premium due to this upgrade in security. Is this true? If so how much in savings are we looking at?

Because I've been thinking, if you could save on premium then it would be an ideal upgrade to your car since its 'technically' paying itself off if you upgrade to a decent alarm system.

What do you guys think?

[xenonkuraz]

It would be an ideal upgrade regardless of whether it would result in a decrease in insurance premium.

But to answer your question, I too have heard that by installing a better alarm system (i.e. 2-way) insurance companies will be happier to reduce the costs to insure. However, I have not seen it proven!

[gbang007]

i got an aust. approved alarm installed in august. told my insurance company and they gave me a whopping $11 refund lol. so it does reduce but not as much as you would think lol. you have to get an accredited installer too.