How much does a home security system cost?

Posted April 18th, 2022 by SimpliSafe

The cost of a home security system can vary widely depending on what type of investment you’re looking to make. Many different factors will influence the price of home security, such as whether or not you’re interested in a security monitoring plan or if you sign up for a long-term contract. By breaking down typical costs and understanding your own security needs, you’ll be that much closer to finding the right system at a cost that works for you. 

The average cost of a home security system

There are many different home security systems out there, which means buyers have more options than ever when it comes to their budget. In general, monitoring plans can start at around $9.99/month, up to about $100/month. Depending on whether you decide on a wired or wireless security system, the upfront investment in equipment and installation can vary widely. Some security providers offer no-cost self monitoring plans, but it’s typically a good idea to have a professional monitoring plan of some kind in place with your security system.

A breakdown of security system prices

One of the reasons people might be hesitant buying any sort of home security plan is because they are concerned about hidden fees. Therefore, it’s important to go with a company that gives you a proper breakdown/itemized list of what you’re actually paying for, so there are no surprises at check-out or when your monthly bill comes. 

Wired vs. wireless systems

Hardwired systems, which are connected to the physical wiring in your home, tend to be more expensive than wireless systems (sometimes referred to as smart home security systems). But, it depends what exactly you’re paying for. 

For instance, one of SimpliSafe’s more expensive home security package—“The Fortress”—starts at around $419.00 (or $38/month with deferred payment options), coming with 14 pieces of equipment as well as the option of a free month of professional monitoring (otherwise, it’s $0.93/day). 

But, traditional security companies who offer wired systems can cost around $30/month for a basic plan, and if you did want to purchase wireless equipment through them, it can cost upwards of $50/month. This generally includes professional monitoring, but does not include the cost of equipment or other add-on services. 

With a wireless home security system—depending on the company—you usually own the equipment out-right and can customize your system depending on your preferences (and budget). 

Professional vs. DIY systems

When comparing the costs of a home security system, it’s also important to look at professional installation systems vs. DIY installation. If you go with a hardwired system, you’ll almost always need a professional to come install it for you. And, they’ll charge you for it, at about $150, depending on the company.

Of course, this is a one-time fee and it’ll give you peace of mind knowing that it’s installed correctly (along with extended product guarantees). 

But, one of the perks of a smart home security system/wireless system is the ability to install it on your own. Self-installation means you’re saving money, of course, but it also means you won’t be drilling any holes or causing any lasting damage to your property when installing your security system. You also don’t have to worry about being locked into a contract and paying for any equipment or services you don’t end up using. 

That being said, if you still want someone to help you install your smart equipment, you can pay for that. SimpliSafe, for example, currently offers Pro Setup for $99.

Professional monitoring vs. self-monitoring

One reason to pay for a home security system in the first place is to ensure your home is being monitored 24/7. Hardwired systems from traditional security companies usually have their professional monitoring included in the monthly subscription price, but in some cases there could be an added fee. If you’d like to add on equipment (particularly wireless/smart equipment), you will likely have to pay an extra fee for that, such as video monitoring, starting at around $10/month.

The good news is, SimpliSafe offers the best of both worlds; offering self-monitoring plans for those who feel comfortable on their own, but also offering several different options for professional-monitoring at a reasonable cost (for example, an interactive monitoring plan, the most popular option, currently costs $27.99/month).

Customized systems vs. packages

Lastly, the price you pay for a home security system will depend on whether or not you’re going for a customized home security system or a pre-built package. With a customized system and plan, you can decide what equipment is right for you, as well as what services you’ll need. 

If you’d like to choose a security system based on a specific budget, many smart home security companies allow you to do that. You can choose the equipment you want and add on any other services or equipment you feel you need if it’s not already included. The other option is to buy a home security package, which is typically priced to include everything within. 

What should I be paying for a home security system in 2022?

What a home security system should cost in 2022 is not the same as what you should be paying for one. The beauty of modern home security companies is that they generally give you a lot of flexibility to build a system around what you’re willing to pay; not the other way around. 

It may require some flexibility —as well as an initial investment—but with a smart home security system, you get exactly what you’re paying for and you’ll also own your equipment. 

Wireless home security systems like SimpliSafe are typically more affordable than services from traditional security companies. SimpliSafe offers baseline packages to get you started, and you can add on as many extra sensors, cameras, etc, as needed. There are also several different monitoring options available to suit a wide variety of needs.

Start by meeting the system, exploring packages, or building your own. Professional monitoring plans start as low as $9.99/month, and entry level security system packages start at around $200 (with monthly payment options available). 

Need help getting started? Contact us today!