The cost of home security systems depends on the pricing of the equipment, plan, installation and more. When searching for the best home security system, it is easy to wonder, how much is this really going to cost? Much of what goes into the cost of home security systems is the equipment. Your monthly home security cost may also include 24/7 professional monitoring services, security camera cloud storage and the ability to control your home security system using your security provider’s mobile app.
Today, the average cost for home security system monitoring services ranges from $15 to $35/month. The upfront cost of home security equipment typically ranges from $100 to $250 and monthly security equipment costs range from $10 to $35/month. Both of these are costs you should take into account when picking your home security system. Professional monitoring provides you with 24/7 watch over your home and security equipment is a necessary step in securing your home.
Is Professional Monitoring Worth It?
Monitored home security systems come with professional monitoring services to watch over your home 24/7 to alert you and emergency responders if a sensor is triggered to help protect your valuables from burglaries, fire and smoke detection. The lowest basic ADT plan includes professional monitoring costs $28.99/mo. It all depends on your home’s security needs.
But bear in mind that if danger is detected, professional monitoring services will contact you first if a sensor is triggered. After the security provider has reached out to you and any emergency contacts they’ll contact the police on your behalf. So, the lag time between the triggered sensor and emergency responders getting to your home could be lengthy.
On the other hand, unmonitored home security systems will automatically notify you directly when a sensor is triggered. Once you’re notified, you’ll have to determine whether or not it’s a false alarm or if you should call emergency services. DIY home security systems are less expensive because most features and equipment are purchased upfront – such as SimpliSafe’s professional monitoring package is as low as $14.99/mo.
Security Equipment Costs
A big factor of your home security cost will be from the equipment, such as security cameras, doorbell cameras and motion sensors. Upfront equipment costs can be over $200, but many providers offer discounts that you could utilize to knock this price down. You may also have the option to lease equipment from your security provider at a monthly cost.
Once you’ve set up your home security system, you may need to add extra security cameras or sensors to monitor blind spots that may be out of range. Some home security companies sell additional equipment at a discounted rate if you’ve purchased their home security system. If not, adding additional equipment can be fairly inexpensive. Adding an extra indoor security camera can cost upwards of $100 or an extra door sensor can cost around $30. Before buying more equipment, make sure you know how many home security devices each control panel or hub can accommodate at once. Also, if you’re installing add-on equipment, ask about any additional fees such as extra cloud storage for security camera footage. If you’re not buying the security gadget upfront, ask about the leasing price and any additional terms.
Understanding Home Security Contracts
Hidden home security costs and fees are often found in the fine print of your contract. Read the contract and ask the security provider to explain anything you don’t understand. Think about early cancellation fees, reinstallation fees from moving or overlooked equipment leasing terms. Make sure you understand monthly fees included in the contract and any upfront home security costs to be paid upon activation. Here are a few quick tips to keep in mind when reviewing your home security system contract.
- Understand all cancellation, equipment and service fees before signing the contract. Don’t sign the contract until you understand how much you’re paying and when. Know whether or not the rates are locked in or subject to change after a given time period.
- Evaluate contract terms and conditions for one year versus multiple years if you don’t plan on moving. A multi-year contract may be more cost-effective in the long term with better rates and security equipment offers.
- Ask about month-to-month plan options to give you more flexibility without signing a contract for a year or more. This is especially helpful for renters that want a home security system but plan to move when the lease is up.
- Just in case you need to end your contract early, understand all termination terms and fees to cancel your security service. Some home security companies can charge hundreds of dollars to break your contract early.
Questions to Ask Your Home Security Company
To help narrow down your home security system options, we’ve included a few questions to ask security providers so you can better understand costs.
- Do you require a contract for your home security system? If so – what contract length options are available?
- Do you offer any additional warranties or included repair support plans?
- How much is professional installation for your home security system?
- Will I have to lease your security equipment or pay upfront?
- Do you offer any security camera cloud storage plans? What’s included in the cost?
- Are there any early termination fees?