State Farm now offers ADT discounts
Last year, State Farm and ADT announced a deal that gave the insurer a ~15% stake in the home security company in exchange for a $1.2 billion investment. As part of the deal, the companies announced that they will work on new integrated offerings and the goal was to launch exclusive offers to State Farm policy holders in select markets in the second quarter of 2023.
It appears that State Farm home insurance customers in Indiana are the first to benefit from this partnership.
The insurer is offering ADT’s home security system which includes installation of one ADT security panel, three Water Sensors (up to seven depending on home layout), one Smoke detector, and two Door/window Sensors. The package requires a 36-month monitoring contract starting at a “discounted rate” of $19.99/mo, and customers will need to share their account information, available telematics and system usage (excluding audio and video) with State Farm.
Customers who cancel their policies or revoke their consent for ADT to share their ADT system usage data with State Farm will have their rate increase to $42.99/mo.
In addition, customers can get up to a 6% discount on their homeowners premium from State Farm.