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Costs With Home Security Systems

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Costs With Home Security Systems

A home security system can provide peace of mind for what could be your most important possession, in your home. However, what is the true cost to own one of these systems. Is it worth it?

Typical Costs

According to sources, the typical cost to purchase and own a home security system can vary quite a bit. It would seem as if referring to a “typical cost” for such a system is even possible, but nevertheless, we proceed onwards:

A� Do-it-yourself systems are easier to price. Wired systems can run from less than three digits to around $300, on the average. Wireless systems will generally be in the middle range of three digit values, from $300 to $700.

A� Security company systems are much different. You may have to pay for the components, which can involve a hefty initial fee, or you could consider a contractual obligation for two to four years. The latter option would remove the upfront price, though you would have to commit (similar to a cell phone contract, in a way).

Are there other fees? CostHelper refers to an annual alarm permit that can exist in some cities or counties ($5 to $50), as well as service fees for false alarms. But don’t forget about the batteries and see if those are included.

Note that you’ll be paying extra for additional components that do not come as part of the package. If you have a large home or want to secure your garage (or anything else special), expect to pay a bit more.

Atypical Costs

A rundown of customer experiences on BuyerZone sheds some light on the state of home security costs. If you want the short version, expect the unexpected.

Some customers received all of the components and equipment for free. All that was required was a contract, lasting from two, three, or four years. An example of this may be to receive the package for only $30 to $35 a month – for a three year signature.

Others paid upfront for their system. One customer paid $1,800 for the system, inclusive of monitoring for three years and purchase of the equipment.

What can you expect? Like a home insurance comparison, it will depend on your wants and needs, and certainly the company. It appears as if though there are many different versions of “typical costs” in the home security industry.

Speaking of…

There is something that you should be aware of when shopping for a security system. Your home insurance policy can come into play.

Many insurers will offer reduced premiums with a home security system. While you should look into the details on the price difference, you will also want to make sure of what is required. If you signed the dotted line on a three-year contract without the necessary protection for your insurer, you could lose out on some money (you could add on, but another system might have been a better initial choice).

It would be a good idea to get the details on the insurance front before deciding on a system.