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What Does It Cost to Protect My Family?

How Much Does a Burlar Alarm System Cost?

The probability of a burglary is almost nonexistent in homes that are protected by security systems, according to a study published in the Journal of Economic and Social Measurement. So, why doesn’t everyone have one?

Well, burglar alarms come at a cost, and some people think they can’t afford one. But you might be surprised at how affordable they can be. Read on to find out how what kind of home security system makes sense within your budget.

Cost of Wireless Security Systems

Wireless security systems use radio signals to communicate from one device to another. They are newer than hardwired systems, but they tend to be less expensive.

You could spend anywhere from about $100 to $1,000 on a do-it-yourself wireless home system. On the low end of that price range, you’ll get a basic system that includes a motion detector, panic button and siren. On the high end, you’ll get a fancier system that includes features such as voice response and an LCD display. Many of the more expensive DIY kits also include home automation features - for example, you can turn lights on and off remotely.

The price range above does not include monitoring service, which starts at $20 to $50 per month and ranges up to about $100 per month. However, monitoring service is a key component of a home security system because it alerts emergency dispatchers in the event of an emergency. Otherwise, all you have is a loud siren.

A few security companies that offer wireless service provide equipment free of charge when you sign up for a monitoring contract.

Hardwired Security Systems

Hardwired security systems are more expensive, but they’re also a permanent fixture of your home. The other big advantage to hardwired systems is the professional installation - you know the alarm is going to work when you need it.

Expect to spend anywhere from $100 to $130 per entry point (i.e. doors and windows) for a hardwired systems with motion detectors. For an average-sized home, this usually works out to about $1,000 to $2,000, not including monthly monitoring.

Other expenses you might incur include:

  • Additional keypad - $100 to $200;
  • Additional motion detectors - $100 to $150;
  • Smoke or carbon monoxide detectors - $50 to $150;
  • Warranty for your system - $10 to $20 per month.

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