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Home»Personal Finance»How Much Does a Home Security System Cost in 2024?
Personal Finance

How Much Does a Home Security System Cost in 2024?

September 13, 2024No Comments3 Mins Read
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When it comes to home security systems, the average cost for a starter kit is around $250. There are different options for monitoring these systems, ranging from self-monitoring for free, paying for added features like smart notifications and video recording for around $10 a month, or opting for professional monitoring at an average of $25 a month.

Certain home security providers, like Vivint, offer comprehensive systems with built-in monthly monitoring fees that can cost anywhere from $600 to $2,000 or more. On the other hand, some providers allow you to build your own system by purchasing individual cameras, alarm sensors, or alarm kits starting as low as $99.99 with optional monitoring fees.

Starter kits typically include two to five pieces of equipment such as a base hub, door/window sensors, motion sensors, keyfobs, and access to the provider’s mobile app. Many starter kits also come with a 30-day free trial of professional monitoring.

Top home security system base pricing

Below is a chart showing the price range of starter kits from our top home security provider picks. The number of devices included in these kits can vary, so the value for money differs across providers.

Hub, door sensor and keyfob.

Outdoor camera, indoor camera, video doorbell and sync module.

Hub, door sensor, motion sensor, keypad and range extender.

Hub, door sensor, motion sensor, keypad and indoor camera.

Hub, sensor (minimum one month pro monitoring required starting at $29.99).

Hub, 4 door sensors, motion sensor ($41 monthly monitoring fee required and professional installation included).

4 ways to cut the cost of a home security system

1. Bundle discounts

Many home security providers offer equipment bundles at discounted prices. Instead of purchasing individual devices, consider buying a bundle that includes multiple items at a lower cost.

For example, Ring offers a five-piece bundle with a hub, keypad, door sensor, motion sensor, and video doorbell for $279.99, which is $20 cheaper than buying each item separately.

2. Self-monitoring

Opting to monitor your home security system yourself can save you money on monthly fees. While self-monitoring may not include features like video recordings or smart notifications, it allows you to control your system without additional costs.

Keep in mind that self-monitoring may offer less protection, especially when you’re away from home. Consider a month-to-month monitoring plan for temporary coverage without a long-term commitment.

Professional monitoring can range from $3 to $80 per month, depending on the provider and features included.

3. DIY installation

Save on installation costs by setting up your home security system yourself. Many providers offer DIY setup with step-by-step instructions on their apps or in included booklets. Online resources are also available to help you troubleshoot any issues.

If you need professional installation for specific devices like a wired video doorbell, some providers offer this service starting at $99. White-glove systems from Vivint and ADT include installation but come at a higher price.

4. Insurance discounts

Installing a home security system could lead to discounts on your homeowners insurance. Check with your insurance provider to see if you qualify for savings by having security devices like alarms, sensors, cameras, or monitored detectors installed.

Some insurers may require professional monitoring to receive a discount. For example, SimpliSafe offers a monitoring plan that can potentially save you 5%-20% on insurance costs.

cost Home Security System
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