Determining home security systems monthly cost can be challenging since it varies depending on the needs of the household. You may be able to get an estimated cost on how much you’ll pay each month, yet it depends on the security system and company provider. There are different details to pay attention to including common information home security consumers tend to overlook that could have you spending more money than necessary. The good news is there are different systems available. Some offer affordable monthly payments while with other home security systems no monthly fee is required. It’s a matter of doing research and taking time to compare home security costs.
Home Security Monthly Fees
Terms and conditions of a home security contract should clearly state what monthly fees you have to pay for that is part of your service. Costs likely include the use of home security equipment such as sensors, motion detectors, and door contacts. Installation costs may also be included but this could be averted if the homeowner installs the system themselves. Monitoring services may also be included in monthly fees, especially if the provider offers 24-hour monitoring. On average, you could be looking at payments between $30 and $50 per month after installation if you select this option.
Costs Associated with Home Security Systems that Offer Free Equipment
Home security systems with free equipment may have costs associated in maintaining monitoring services. Some providers may want you to pay a monthly fee in advance before obtaining any equipment. This could potentially save you hundreds in upfront costs. As stated earlier, it will depend on the provider. They may offer a basic security system with free installation. They may also decide to charge for installation but set an affordable monthly rate that can be locked within a certain time period. In many cases, you can sign a contract and have the same low rate for up to 36 months.
When companies offer free equipment it helps to pay close attention to the associated details in the small print because other providers tend to run similar offers. Two companies can offer free equipment but one may provide more key fobs and sensors than the other. Homeowners have been able to find great deals with free systems, some of which have included talking keypads, sirens and backup systems with their offers.
Compare Security Providers even when their Prices look the same
Top home security system providers such as Broadview, Honeywell and ADT offer a wide range of security products at competitive prices. Such companies have offered reliable products for several years. Yet, many consumers feel that home security providers offer the same product and the same price and for that reason figure, why bother comparing? Companies that offer home security systems may operate a little differently from their competitors.
While they each offer similar products, how their customers obtain their savings varies. One company may have an initial charge the customer pays upfront in order to get the system installed. Another company may charge installation and the first monthly payment upon purchasing the system. Terms and conditions of the service contract may also vary. One company may allow you to lock in a lower rate longer than another. Of course, it may depend on preference of the homeowner.
Other Factors that may Affect your Home Security System Monthly Costs
What if you already have a home security system and want to upgrade it? You could choose to stay with the provider you have or switch companies if you find the new option to be more affordable. Upgrading costs could vary since you may be required to pay an upfront fee or be billed and have costs broken into your new monthly payment. If you have been with a provider for a while they may make a special offer if you upgrade your system. You could also look into adding services such as remote monitoring. You’ll need to review what the costs are for different security features.
Homeowner’s insurance policies may also help in gaining additional savings. Yet, you may experience more savings with your insurance premiums than on the cost of the home security system. You can check your insurance policy for more information or contact your insurance company. If you request additional equipment such as sensors, detectors or transmitters for doors, this could increase the home security system monthly costs as well.
Get Familiar with Additional Options you may Decide to Purchase later
When you decide to purchase a home security system, you may think you don’t want any extras at the time of purchase. This is fine. But later on, you may want to upgrade or seek additional equipment for added security. When you purchase a system for the first time, it is likely you have all the equipment necessary. Yet, depending on the system (whether wireless or digital) you may want to consider extended service options, warranty details and other equipment that is compatible to your system. Keep in mind, if your home has a garage, whether attached to the home or not, your provider may have specific security options for windows and doors.
Important Points to Remember
Several factors have an effect on what you end up paying each month for your home security system. The type of system you choose may help you save on costs depending on your needs. Monitoring services alone could place additional costs to your monthly bill. Additional security measures such as detectors and sensors could add to your monthly bill or include a one-time fee. The provider you decide to do use will also have an influence on costs. Reputable companies may charge more but they usually offer a wide range of services for customers to choose from. In some cases, if you look for a particular home security system no monthly fee will be required.
You can get a feel for home security providers and the costs of their systems by reading customer reviews and feedback. Unfortunately, some companies have been known to overcharge consumers or have hidden fees that consumers were not aware of. Pay close attention to long term contract terms and conditions as they are sometimes are associated with higher upfront costs. Ask for system recommendations from those you know that own a security system and you could also get a professional opinion from the provider on the best security option for your home.