You can’t put a price on security. Feeling safe in your home is crucial to your sanity and well-being, which is worth every dollar.
But we all have budgets and need to know what it costs to get a home security system installed. The prices can range widely from $300 to $1,000, but the average installation costs $650.
The actual cost depends on a variety of factors which we discuss below.
The Type of Equipment
You have two options – hardwired or wireless. A wireless system uses radio frequencies and broadband to communicate with the control panel and the monitoring station. Wireless systems don’t require extensive labor to install in a finished home and often cost less for installation. You can also easily upgrade your wireless system without the hassle of rewiring the component in the house, increasing the installation costs.
In fact, some systems allow DIY installation, lowering your installation costs even further since all you have to cover is the equipment itself.
Wired systems require more extensive installation as wires are placed in the walls and floors. The process takes longer, which increases the cost of installation because of the labor involved.
Your Home Layout
The larger your home or the more windows/doors you need to be monitored, the more installation will cost. While you’re paying for the equipment (monitors), if you have the system professionally installed, you pay for that too.
Most systems include a handful of sensors. If you want/need more, they’ll increase the cost of the system installation.
Ongoing Security System Costs
Once installed, you’ll pay other fees concerning the operation of your home security system.
Monitored or Unmonitored System
Do you want 24/7 monitoring service which means the authorities are notified if your alarm is tripped and not shut off within a specified period (usually 30 seconds) or do you want an unmonitored or DIY monitoring system that doesn’t trigger a call to the authorities?
Monitoring adds to your security system costs but gives peace of mind. If you have an unmonitored system, the alarm trips and notifies the noted people (you, a neighbor, etc.) but someone must then notify the authorities. Unmonitored systems are less expensive but offer less security.
If you choose a monitored plan, you’ll choose a monitoring service. You may have contract length options or other services, such as home automation or live video monitoring.
Maintenance and Repairs
If you enter a contract on a monitored system, you may not be responsible for maintenance and repair costs. Unmonitored systems, though, put the responsibility on you and can add to your costs.
Monitored systems may include a one-time activation fee to start your service. If you sign a long-term contract, the fee is often waived, but some may charge it. The cost can go up to $200, so make sure you know the fee before signing a contract.
You May Save Money on Insurance
You may see savings on your homeowner’s insurance with a monitored security system. While you may not completely pay yourself back for the home security installation costs or monitoring costs, it helps offset it, giving you the peace of mind you need.
Home Security Systems are for Everyone
No matter where you live, a home security system can protect you and your belongings. It provides peace of mind and round-the-clock monitoring (if you choose a monitored system). You know your home is safe and if not, you can get the authorities out quickly no matter the system you choose.