Average Home Security System Cost 2024: By Equipment Type, Installation And More – Forbes Home - Forbes
While many companies list their base home security prices, calculating the actual cost of a security system is complex due to additional security equipment, the monthly cost of professional monitoring and the installation and activation fees.
We break down these alarm system costs in detail below.
Equipment
Home security equipment includes devices such as motion sensors and home security cameras for both indoor camera use and outdoor camera use. Here are some average costs for typical equipment you may need or want for your system.
Note: Costs above are reflective of one unit each.
Installation
If you purchase a home security system from a national provider, you likely won't have to pay for professional installation. These companies typically install for free because they make the bulk of their money from monthly monitoring fees. Many systems are also DIY-friendly. If you incur installation fees, expect to pay between $100 and $400.
Activation Fees
Monitored home security systems sometimes require an activation fee of up to $230 to start your service.
Monthly Monitoring Services
Self-monitoring is just as it seems; it involves you, personally, monitoring your system. But since many homeowners don't stay home 24/7, it can be helpful to invest in professional monitoring services.
Professional monthly monitoring is often the most expensive part of a home security system. Monitoring refers to the 24-hour professional surveillance services many home security companies offer. When your home's alarm goes off, your security pros can mobilize emergency responders regardless of where you are or whether you have access to your mobile device.
Monitoring services range from $20 to $60 per month, depending on the level of features and protections you choose. Higher rates usually mean more features, better warranties and higher-quality equipment.
If you opt for professional monitoring, check with your renter's or homeowner's insurance provider, as you may qualify for a discount of up to 20%.
Smart Home Features
Many home security systems offer smart home automation features that you can control using a smartphone, smart hub or other device. Some common upgrades include:
- Smart locks: $150 to $500
- Smart lighting: $15 to $90
- Smart smoke alarms: $40 to $110
- Smart carbon monoxide detectors: $40 to $110
- Smart thermostats: $130 to $500
Note: Costs are for each unit.
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