How Much Does Home Security Cost?

Keeping your home and family safe is a top priority for any homeowner. Whether it’s to ward off porch pirates and home intruders or simply keep a closer eye on your home, there are many reasons to consider investing in a reliable home security system.

However, before you make a decision, it's important to understand how much a home security system costs and whether or not it’s possible to purchase one within your budget. The good news is there are now plenty of customizable home security companies, like SimpliSafe, that allow you to build your security package to fit your needs and your budget.

Average Cost of a Home Security System

On average, the cost of a basic home security system typically hovers around a few hundred dollars. Price heavily depends on the size of your home, the level of protection desired, the technology included, professional monitoring packages and installation fees.  

To give you a clearer picture, let's break down the potential expenses:

• Equipment cost: The upfront equipment cost is a significant part of the total expense. This typically includes entry sensors, motion sensors, cameras, and more. Prices for these components can vary based on the brand, quality, and features. The initial investment for equipment can range from $200 to $1,500 or more, depending on your specific needs and preferences. Usually, it’s a one-time fee.

• Monitoring costs: Monitoring services add an extra layer of protection to your home security system. There are two main types of monitoring: self-monitoring and professional monitoring. Self-monitoring allows you basic app access and does not give you the benefit of 24/7 professional monitoring. Self-monitoring does not typically require a monthly fee. Professional monitoring, on the other hand, watches over your home 24/7 and contacts the authorities in case of an emergency. Professional monitoring typically incurs a monthly fee, ranging from $20 to $100 a month, depending on the provider and the level of service you choose. Some providers lock you into a professional monitoring contract, whereas providers like SimpliSafe never require contracts. 

• Installation fees: Many home security systems are designed for DIY installation. They come with detailed instructions and user-friendly interfaces that make installation relatively easy. However, if you prefer professional installation, many security companies offer installation services for an additional fee.

If you’re thinking, “Wow, that’s a broad range!” We understand. That’s why SimpliSafe offers transparent pricing without contracts. 

Additional Costs to Consider

Apart from the basic costs mentioned above, there are a few additional expenses you should keep in mind:

• Wi-Fi and cellular connection: While some security systems are hardwired to your home, others rely on Wi-Fi or a backup cellular connection. If you don’t already have Wi-Fi or a cellular connection to your home, adding such services are additional costs you’ll need to take into consideration. 

• Extended warranties: Some security system providers offer extended warranties for an additional cost. These warranties provide coverage for repairs or replacements beyond the initial warranty period. While not always necessary, they can provide added peace of mind.

• Add-on features: Many home security systems offer additional features and accessories that can enhance the security and convenience of your system. Examples include smart home integration, video doorbells, smoke detectors, remote controls and more. These features often come at an extra cost but can greatly enhance the functionality of your system.

Some people may also be hesitant to invest in a security system because of the energy it consumes, which can bump up your electric bill. The good news is that many security systems are designed to be energy-efficient and typically consume minimal electricity. Most modern security systems are designed to operate using low-power technologies and often have battery backups in case of power outages. 

What Makes a Home Security System Worth It?

Investing in a home security system offers numerous benefits that make it well worth the cost. If you need a bit more convincing, here are some details of what you’ll get in return:

• Deterrence: Visible security systems, such as surveillance cameras and alarm system signs, act as strong deterrents to potential burglars and intruders. The mere presence of these security measures can significantly reduce the likelihood of a break-in.

• Integration with other devices: Home security systems can integrate with other smart devices in your home, such as smart locks, lighting systems, and thermostats. This integration allows for enhanced automation, convenience, and energy efficiency.

• Remote monitoring and control: Modern home security systems often come with smart home integration, allowing you to monitor and control your system remotely through smartphone apps or other devices. This feature provides convenience and peace of mind, as you can check on your home anytime, anywhere.

• Emergency response: Professionally monitored systems offer 24/7 monitoring services, providing an added layer of protection. In the event of an emergency, the monitoring center can promptly alert the authorities, ensuring a swift response. However, remember that this is usually an extra cost.

• Insurance benefits: Some insurance companies offer discounts on homeowner's premiums for properties equipped with security systems. Installing a security system can provide long-term cost savings, making you eligible for reduced insurance rates.

What Makes Professional Monitoring Worth It?

While many who invest in a smart home security system are perfectly happy with self-monitored service, professionally monitored home security systems offer distinct advantages:

• 24/7 monitoring: With a professionally monitored system, your home is under constant surveillance. Trained professionals are always ready to respond to alerts or emergencies, even if you cannot do so yourself.

• Quick and accurate emergency response: During a break-in, fire, or medical emergency, the monitoring center can quickly contact the appropriate authorities to ensure a swift response. This rapid response can be crucial in minimizing damage or harm.

• Peace of Mind: Knowing that your home is being monitored and protected around the clock provides peace of mind for you and your family. Whether at home or away, you can feel confident that your property and loved ones are safe.

Should I Invest in a Smart Home Security System?

Ultimately, the cost of a home security system varies depending on the factors we mentioned in this guide. Most people recognize that protecting their family and home is priceless, but your budget often does play a role. The good news is that by customizing your affordable home security system from SimpliSafe, you can get all the benefits of a security system without breaking the bank. Basic packages like The Foundation start at under $250.

SimpliSafe also offers a wide variety of security add-ons, including a video doorbell ($169), an outdoor security camera ($199.99), a smart lock ($119.99) and more. 

It’s hard to put a price on safety. With an affordable home security system from SimpliSafe, you can have peace of mind knowing that you’re making a smart, long-lasting investment.