Breaking the Cost: How Much Does a Security System Cost?

Ever wondered what it’d cost to fortify your home or business with a top-notch security system?

The cost of a security system can vary greatly depending on various factors, such as the type of home security system, its level of sophistication, and the geographical location.

So, buckle up and delve into how much does a security system cost.

How Much Does a Security System Cost?

The total cost for a home security system ranges from $280 for a basic DIY wireless system up to $2,500 for a professionally installed advanced system. The average cost is around $700 for equipment plus installation, with $25 to $50 per month for professional monitoring.

Keep in mind that these numbers are just an average. The total cost depends on your chosen provider, the size of your home, how many entry points you want to secure, and whether you’re doing it yourself or getting it professionally installed. Additional features (like cameras, smart home integration, motion detection, remote access, etc.) might bump up the costs. 

Home Security System Cost Breakdown

Home security system costs vary quite a bit depending on what’s included. To break it down further, let’s delve into the main components of a home security system’s cost.

Equipment Costs

• Base equipment package (hub, sensors, etc.): $199 – $599
• Additional sensors (per item): $25 – $300
• Cameras (indoor/outdoor): $164 – $174 each
• Video doorbell: $168 on average

Installation Costs

• Professional installation: $0 – $299
• DIY installation: $0 (no cost)
• Activation fee: $79 – $99 (often waived with monitoring plan)

Monitoring Costs

• Self-monitoring: $0 – $10 per month
• Professional monitoring: $10 – $65 per month

Other Costs

• Permits: $25 – $100 annual fee in some jurisdictions
• Maintenance: Battery replacements, defective part replacements (cost varies)

Additional Factors That Affect Home Security System Costs

Remember that when you’re considering a home security system, it’s not just about the equipment and installation costs. There are other things to think about, too:

Maintenance

• System checks: $10-$20
• Battery replacements: $5-$15
• Software updates: Free – $10
• Equipment repair: $5 – $15

City Permit

In certain towns, you might need to get a permit to set up a home security system. It usually costs around $10 to $50 per year, depending on the local rules and regulations.

Here is a concise list of some major cities that require permits for home security systems:

Cancellation Fees

• Percentage of Remaining Contract: Most providers charge cancellation fees that range from 50% to 75% of the remaining contract value. For example, if you have a contract with a monthly fee of $80 and seven months left, the cancellation fee could be between $280 and $420.
• Specific Provider Policies: 75% of the remaining contract value if you terminate early or a cancellation fee that can be $300 or $150, depending on how much time is left on the contract, in addition to any remaining equipment balance.

Some companies may also charge fees for removing equipment from your home upon cancellation. This can vary widely based on the provider and the equipment involved.

Financing Options

Opting for financing plans can split your security system cost into manageable payments over time. 

However, interest rates apply, increasing your total outlay. 

So, if you’re considering this route, make sure to understand the total cost of borrowing before you sign on any dotted lines.

Best Home Security Companies – Costs Compared

Key Notes:

• ADT and Vivint often require long-term contracts, and the cancellation fees can be significant if you cancel early.
• SimpliSafe, Frontpoint, Ring Alarm, Cove, and Abode are more flexible, with no contract requirements, making it easier to cancel without penalty.
• Ring Alarm and Abode offer the most affordable subscription plans, especially if professional monitoring is optional or not needed.
• Brinks Home Security offers professional monitoring but has high cancellation fees due to their long-term contracts.

Are Home Security Systems Really Worth It?

Home security systems give you peace of mind, which is a priceless feeling in a crazy world. The kind of stuff you need in a security system depends on what you like and how big your house is (like how many security cameras you want). 

DIY home security is totally doable and does make your home safer, which makes you wonder if home security systems are worth the investment. 

Extra stuff like professional monitoring can be too expensive for a lot of people, and since companies like ADT always make you pay for monitoring, some folks might just skip the whole security system thing. 

But seriously, some level of security should be on your radar, whether that’s just standalone cameras or a full-on security system, to protect what you care about most. ZoomOn home security camera app makes that happen.

FAQ: How Much Does a Security System Cost?

Key Takeaways

Home security systems range from $150 to $2,500, with monthly monitoring fees from $15 to $100, and extra features costing $10 to $50 per month. 

You need to consider equipment, installation, activation fees, and monthly monitoring costs, as well as potential smart home features. ADT and SimpliSafe offer different options based on your budget and security needs. 

To save money, consider using existing devices and opting for lower cost but high-quality security features through home security camera app like ZoomOn.