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The average home security system costs $600, but you could see prices as low as $45 or as high as $3,000. The type of equipment you choose, the monitoring services, activation fees, installation fees and more contribute to the cost, making it important to identify these factors when choosing a home security system. We’ve broken down common home security system equipment to determine just how much a home security system installation costs.
Average Cost of a Home Security System
The average cost of a home security system can vary widely depending on what you purchase as part of your system. A single security camera could cost just $45, while an entire system consisting of multiple security cameras, sensors, flood lights and sirens could cost up to $3,000.
| COST OF A HOME SECURITY SYSTEM | |
|---|---|
| Average Cost | $600 |
| Highest Cost | $3,000 |
| Lowest Cost | $45 |
Home Security Cost Factors
Many factors go into the cost of a home security system, including the brand, system equipment, home size, monitoring plan, installation and more.
Brand
The best home security systems come with professional equipment and monitoring services. As a result, you may spend more for brand-name home security equipment with the latest technological advancements than you would for basic equipment. Here are some of the best home security systems and prices you may see when shopping for equipment and a monitoring subscription:
| BRAND | AVERAGE SYSTEM COST | AVERAGE MONTHLY SUBSCRIPTION FEE |
|---|---|---|
| Cove | $470 - $615 | $10 - $38 |
| Abode | $160 - $800 | $75 - $240 |
| Eufy | $159 - $2,400 | $0 - $10 |
| SimpliSafe | $250 - $729 | $10 - $80 |
| Ring | $199 - $944 | $0 - $20 |
System Equipment
Our research team contacted 35 home security companies and found that most home security equipment costs between $25 and $1,100. We took this a little further and broke down exactly where these costs come from to help you get an idea of individual equipment costs for customizing your solar equipment.
| EQUIPMENT | AVERAGE COST |
|---|---|
| Accessories | $2 - $120 |
| Carbon Monoxide Detector | $60 - $130 |
| Door/Window Alarm | $20 - $40 |
| Doorbell Camera | $60 - $190 |
| Floodlight | $60- $250 |
| Glass Break Sensor | $25 - $100 |
| Home Security Kit (Bundle) | $150 - $400 |
| Indoor/Outdoor Camera | $45 - $300 |
| Keypad | $80 - $175 |
| Motion Sensor | $30 - $85 |
| Siren | $40 - $90 |
| Smoke Alarm | $35 - $115 |
| Water Leak Detection | $50 - $80 |
| Wired Camera | $35 - $120 |
| Wireless Camera | $45 - $200 |
Home Size
Larger homes may need more security equipment than smaller ones, especially if your home has many windows and doorways. The best home security system has indoor security cameras, outdoor security cameras and sensors in every access point and room to prevent suspicious activity.
Bundling can save on the cost of individual security system equipment, but it will cost more overall. For example, a single Blink security camera costs $100 at the time of writing. Five cameras are $400, or $80 each.
Monitoring
Monitoring costs range from $0 to $80 per month. If you decide to monitor your security system yourself, you might not pay anything at all for this feature, depending on the company, while other companies may require you to pay up to $75 a month for self-monitoring. Additionally, if you do decide to use self-monitoring equipment, then you may need to make a one-time purchase for a local storage device. USBs or other similar hard drives cost anywhere from $5 to $50.
Professional monitoring fees start at $2.99 and can go up to $79.99 per month, depending on the features your company provides. Since professional monitoring can quickly accumulate, some homeowners like to save money on their security systems by monitoring their homes themselves.
Wireless vs. Wired
Wireless security cameras cost between $45 and $200 each, and wired security cameras cost between $35 and $120 apiece on average, making them between $10 and $80 cheaper upfront. Wired home security systems almost always cost less than wireless ones, but some wired systems require a lengthier installation process to access the electrical wiring in your home, which can end up costing more.
Installation Cost
The cost to install a security system is between $0 and $225. Your security system company may offer a complimentary installation service, but more often than not, there will be a fee for a pro to come to your home and install the system for you.
Additional Costs That May Go Along With Home Security Systems
Installing a home security system can come with extra costs, like activation fees, permits and hidden fees.
Activation Fees
Some, but not all, home security companies require an activation fee to get started with their services. Fees can range from $0 to $100. Higher fees are typically due to required inspections prior to activation.
Permits
Residential alarm permits cost between $25 and $50 per year on average. If your home security system connects to emergency services as part of the monitoring conditions, then you may be required to get an alarm permit for your system.
Hidden Fees and Fine Print
You may face additional hidden fees when purchasing a home security system. A security system company may require an activation fee to receive monitoring services or a cancellation fee if you cancel before the end of a contract. Similarly, you might sign up for a promotional monitoring service that increases after a certain amount of time. Always read the fine print when deciding on a home security system to avoid costly surprises.
DIY vs. Professional Home Security
Installing a security system yourself can save you up to $225. However, if you want to cover the most ground and boost your security levels, a professional can pinpoint the best places to install security features and reduce the risk of user error.
The same goes for monitoring services. While you can monitor your home yourself, having an on-call extra pair of eyes keeping watch over your home adds security and reduces your home’s chances of being a victim of successful crime.
How to Save Money on Home Security Costs
Because home security systems are such a competitive market, many companies offer similar products at different price points. Shopping around and following these tips can help you save on the cost of your home security system:
- Invest in a one-time USB storage and monitor your home security system yourself to avoid monthly monitoring services.
- Avoid purchasing security system equipment that you don’t need.
- DIY the installation by choosing a wireless system that doesn’t require professional installation services.
- Shop around for different security equipment to compare prices.
- Look for security system companies that offer flexible terms and conditions.
- For hidden fees, like activation fees and term limits, to avoid going over budget.
- Shop for older generation equipment that still functions but doesn’t necessarily have all the specs of the newest generation.
- If you want the newest generation, look at refurbished security equipment.
To arrive at the average costs in this article, our research team contacted 35 companies for cost information and compared equipment prices on each company’s website. All averaged figures were correct at the time of publication and may be subject to change.
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Frequently Asked Questions (FAQs)
What are the different types of home security systems?
Depending on what you’re looking for in a home security system, you could be looking at alarms, cameras, environmental safety detectors, keypads and smart home equipment. All of these types of systems boost the safety of your home by amplifying security or deterring unwanted intruders.
What features should you look for in a home security system?
When shopping for a home security system, it’s important to look for companies that offer a variety of services and products. The best home security systems come with 24/7 monitoring services and an array of equipment that covers every area of concern when it comes to keeping your home safe.