Understanding the Cost of Home Security Systems: What You Need to Know

Stewart Grant November 11, 2024

Investing in a home security system is an essential step when it comes to protecting your home and loved ones. However, understanding the total costs involved can often be confusing. This guide provides a comprehensive overview of how much a home security system costs from your initial equipment purchase through monitoring service, helping you make informed decisions tailored to your needs.

Breakdown of Home Security System Costs

Initial Equipment Costs: The price of security equipment can range from around $99 for basic DIY system starter kits to over $2,000 for more comprehensive systems. At Abode, we offer smart home security systems starting at just $39.99, with the option to add as many affordable accessories as needed.
Installation Fees: DIY systems do not require professional installation making them more cost-effective at setup. Professional installation, on the other hand, can add hundreds of dollars to your initial equipment expenditure. Make sure you are comfortable self-installing if you opt to go that route and understand the total installation costs if you’re going professional.
Monitoring Costs: Monthly fees for access to top features and professional monitoring can vary from $10 to $70. Be sure to keep an eye out for contracts when signing up for monitoring as some providers lock you into minimum terms with penalties for canceling early. At Abode, we’re proud to offer contract-free plans that you can easily switch between freely from our app – no call to customer service required.

Factors Influencing Home Security System Pricing

Type of System

Depending on how many accessories you need, DIY systems are typically cheaper upfront than professionally installed systems. Another benefit of purchasing a DIY system is the ability to build a system on your own without the need for an in-home visit from a pushy salesperson. Simply add as many (or few) devices as you need to your cart and check out.

Level of Coverage

The extent of device coverage you need will influence the cost. Basic systems may include door and window sensors at a lower cost while more comprehensive setups offer cameras, motion detectors, and environmental sensors for a higher equipment fee.

Monitoring Options

Choosing between self-monitoring and professional monitoring will affect your monthly subscription costs with self-monitoring being the cheaper of the two options. Note that not all self-monitoring is created equal – make sure it includes the necessary features to keep your home and family safe. One important thing to remember is that having monitoring allows you to maximize your insurance policy discount. That policy discount often ends up paying for the entire annual cost of your monitoring plan and then some.

Making the Right Choice for Your Home

When evaluating home security systems, consider your budget, the level of security you require (from devices and monitoring), and the flexibility of the system to grow with your needs.

Choosing the right home security system is a critical decision that impacts your safety and peace of mind. With Abode, you gain access to top-rated DIY systems that are both affordable and effective. Explore our range of products and start building your perfect security system today. For more information, visit Abode Home Security.