How affordable are home security systems?

By SmartCoverage Team on April 11th, 2018

Perhaps you travel a lot and leave your home vacant more than you’d like, or maybe you have young kids and would prefer having that little bit of added protection.

You can hire a professional, or you can find hundreds of security devices for sale through simple online searches and install them yourself. Below, we’ll show you how affordable devices such as security cameras and alarm systems are online.


These are usually Wi-Fi based units and rarely need the hard cabling that older security cameras demanded; however, the wired systems are also available if Wi-Fi isn’t your first option. Most allow you to monitor your network on your smartphone live, day and night, through the company’s iOS/Android application.

You can walk into your closest department or electronics store to see them for yourself, or you can purchase your own through online retailers; check eBay or Amazon. The prices start as low as $50 (for one basic security camera) while middle-of-the-line packages go from $100 to $200 plus taxes and/or shipping.

Some packages will even include additional cameras that you can set up around your property, and DVR recorders that store the footage, allowing playback. You can boost your memory by installing additional hard drives. As a tip, look for motion-sensor options so you won’t be eating up too much memory per day.

Reviews are positive for the middle-of-the-line camera packages. The absolute cheapest security camera we could find on Amazon was about $22 plus shipping. So, you can really enter the home monitoring market at any price, but as always, you get what you pay for.

The more reliable your system, the more you can expect to save on your insurance premium.

Security Alarms

These are a bit more expensive and require some installation on windows and doors.

The selling point for these DIY alarm systems resides in their outreach: you’re able to program phone numbers of family and friends into the system. When an emergency alarm is triggered for a set duration, these contacts will be alerted to the situation through emergency calls or messages sent directly from your system.

You can purchase a basic package that will alert your phone, or an expansive one that has its own sounding alarm and keypad system anywhere between $70 and $250, averaging at about $139.99 for the middle-of-the-line.

Less comprehensive packages can be found for $20 to $40 dollars, but again, you get what you pay for.

Since you’re installing and maintaining the system yourself through your own network, there are no additional fees to pay security companies per month nor per year. Managing to install everything correctly will take some technological literacy, but most brands promote their products as ‘plug and play’.

Reviews are generally positive, but you should do some of your own research to find the system that is right for you and your property.

Insurance discount

Now, I’m sure you’re wondering how much money you can save on your insurance premium by installing these home security devices, alarms, and cameras.

Your insurance provider wants to assume as little risk as possible when taking you on as a client. So, with the initial cost of the installation and purchase of the devices, you shall be rewarded with a discount anywhere from 5% to 20% depending upon the sophistication of the network, your location, and your insurance provider.

Talk to your insurer about bundling options, or additional discounts, and look into monitoring your utilities, too.

Share on social media