Procuring home security system is a big decision. Not only do you have to worry about the upfront cost of purchasing and installing the system, but you also have to factor in the monthly or annual fees associated with monitoring services.
So, how much does home security cost? Read on to find out.
Average Cost of a Home Security System
A home security system’s cost can be broken down into three main categories:
1. Equipment Costs
The equipment cost is the upfront cost of purchasing and installing the system. This can range anywhere from $100-$2000, depending on the type of system you choose.
For example, a basic security system with just a few sensors and a control panel will be on the lower end of the spectrum, while a more comprehensive system with multiple cameras, motion detectors, and environmental sensors will be on the higher end. The average home security system cost ranges from $199 to $399.
2. Monitoring Fees
Many home security systems require a monthly or annual monitoring fee in order to keep the system operational.
This fee typically ranges from $20-$60 per month, depending on the features of the system and the provider.
A basic security system that includes 24/7 monitoring with no additional features will typically cost around $20-$30 per month.
For a system that includes additional features like home automation, professional installation, and cellular backup, the cost can be closer to $40-$60 per month.
3. Installation Costs
Installation costs can vary depending on the system’s complexity and whether or not you choose to have a professional do it for you.
For a basic system, you can expect to pay around $100-$200 for installation.
For a more complex system, or if you opt for professional installation, the cost can be closer to $500.
You can even choose to install the system yourself, although this is not recommended unless you are experienced with electrical wiring and installation.
Factors Affecting the Cost of Home Security System
So these are the factors that can affect the cost of home security, including:
1. Type of System
There are a plenty of home security systems are available in the market, from simple alarm systems to more complex home automation systems. Also, the type of system you choose directly affects the cost.
2. Number of Sensors
The more sensors you have, the higher the cost will be. A basic system might only include a few door and window sensors, while a more comprehensive system could include multiple cameras, motion detectors, and environmental sensors.
3. Wired vs Wireless
Wired systems are typically less expensive than wireless systems, as they require professional installation and often involve drilling into walls and running wires through the home.
On the other hand, wireless systems are easier to install and can be done by the homeowner, which saves installation costs.
4. Home Automation
Home automation features like remote access, automatic lighting, and temperature control can add to the cost of a home security system.
However, these features can also save money on energy bills and provide added convenience.
Final Thoughts
A home security system can be an extremely valuable investment, but it’s important to consider all the costs before making a decision.
The average cost of a home security system ranges from $199 to $399, plus an additional $20-$60 per month for monitoring fees.
Make sure to consider the equipment cost, monitoring fees, and installation costs when determining how much you’ll need to budget for your home security system.
Shefali Jain is a Content Editor & Writer at National Planning Cycles.
After completing her graduation in hospitality, Shefali decided to follow her passion and started writing. Shefali has been writing for two years now and contributes to our website as a skilled editor and content writer with strong research skills. Writing product and service reviews, biographies, and book reviews are some of her key areas, among many others in which she specializes.