According to the latest FBI data, there are approximately 7 million property crimes that occur each year. And while property crime has decreased in recent years based on the latest data, you may still want to consider investing in a home security system for a number of reasons.
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Top 5 Reasons to Invest in a Home Security System
If you are considering investing in a home security system, you may be curious to know if the cost is worth the benefits. To help you decide, take a look at the main advantages of having one in place.
Protection from burglary and other emergencies
An effective home security system can protect you and your property from burglaries, home break-ins, fires, floods, and more. Monitoring systems can help alert you and the relevant authorities in the event of an emergency, and you may end up saving money if this happens. As of 2019, the average dollar loss per burglary offense was $2,661, which is much more than you’d pay for a typical home security system.
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deter potential criminals
Simply indicating that you have a home security system in place via signs, posters, or visible outdoor cameras may deter a burglar from attempting to break into your home. A 2013 survey of incarcerated burglars conducted by the University of North Carolina at Charlotte found that 83% of burglars would attempt to determine if an alarm was in place before an attempted burglary, and 60% would look for an alternate target if there was an on-site alarm.
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Peace of mind
Many home security systems allow you to monitor your home wherever you are, so even when you are not at home, you can be sure that everything is the same. And you can also rest easy knowing that your home is being monitored while you sleep.
Makes your home more “smart” and energy efficient
A home security system can be a worthy addition to your home’s smart features. Smart door locks and garage door openers allow you to let friends and family into your home at the touch of a button. The security systems can also be linked to your smart lights and thermostats, enabling them to adjust automatically to save energy.
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Low Homeowners Insurance Premiums
Homeowners insurance providers typically offer a premium discount of 5% to 20% if you have a professionally monitored security system, according to US News & World Report. Discounts are higher depending on what exactly the system is monitoring – you’ll get a bigger discount if it monitors fire, smoke, and water damage than if it only monitors intrusions.
How much does a home security system cost
Home security systems are available at a number of different price points that vary based on the level of services provided. When choosing a home security system, consider what your needs are as well as what is within your budget.
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Here’s a look at the cost of some of the most popular home security systems, as well as the services that each provides.
The Abode Iota Home Security Kit retails for $199.99 on Amazon and is compatible with HomeKit, Alexa, and Google Home. You can choose the option of self- or professional monitoring. The self-monitoring option does not require a contract or monthly fee, although you can upgrade the free plan for 20 cents a day to access more features. The “Pro” plan costs 66 cents a day and includes professional monitoring and an immediate response to a smoke or theft alarm.
Cove’s home security system can include burglary and intrusion sensors, cameras, environmental sensors, and medical alerts. The basic alarm system – San Sensors – is available on the site for $124.50, with the option to add a professional installation for $79. The “Cove Basic” plan costs 50 cents a day and includes 24/7 live alarm monitoring, environmental monitoring and Cove LiveAssist, allowing you to call for help directly through the system. The “Cove Plus” plan costs 83 cents a day and includes additional benefits such as a lifetime equipment warranty and smartphone control.
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Frontpoint home security packages start at $99. The system is sound activated, customizable and protects against fire and flood as well as burglary. Frontpoint professional monitoring services cost $1.64 per day and include 24/7 support, automatic hourly checks and fast dispatch times in the event of an emergency.
SimpliSafe home security system equipment packages start at $122, and they all include 24/7 alarm monitoring with no contracts or phone line required. SimpliSafe’s professional monitoring alerts the relevant authorities the moment a problem occurs, and connects you directly to emergency personnel, for 83 cents a day. Or you can opt for a cam-only plan for 33 cents a day.
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Of the popular systems, only Cove and Vivint have a professional installation option – and with Vivint there is really no self-install option. All Vivint home security systems feature “Smart Deter Technology” designed to identify and deter threats using light and sound. Vivant systems can also be integrated with all the features of your smart home, allowing you to control your lights, doors and temperature wherever you are through the Vivant app. The basic cost of the Vivant home security system starts at $599, with monthly professional monitoring plans of $29.99 and up.
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