First you have to ask your agent. This demonstrates market pull. Then they’ll go off and do all their usual actuarial stuff.
I spoke with my State Farm Agent, who said State Farm is offering 10% premium discount for fully monitored systems on their approved list (ADT and a few others), and 2% premium discount for owner-monitored systems on their approved list (which right now he only had IRIS from Lowe’s listed). He said the system has to include a system-branded video camera and smoke alarms, since those are the two things where State Farm has actuarial data showing real reduction in losses.
Smoke Alarms are obvious, but apparently video is what helps in catching minor thieves, and recovering of stolen property reduces insurance payouts. They also have some data that video monitoring reduces burglary attempts.
Iris qualifies since they sell a branded video camera. He said no one had asked about SmartThings yet at his office, but Staples Connect was turned down because it was a “multisystem” video!
Very 20th century thinking in terms of accepting only a specific set of devices, but there it is.
Separately, and purely unofficially, a friend told me that Allstate’s security system discount applies only to professionally monitored systems that are also “key code entry.” He tried to get a discount for an Iris system (which State Farm would have granted), but Allstate said no. But they would grant it for Simplisafe.
Farmers required “•Install a security system with an outside signal and connection to local police.” but didn’t offer the discount in California.
So I think there’s still a lot of variation from company to company.
But step one is definitely to ask your agent. Even if they say no, it helps raise their awareness that the systems exist.