Home security alarm systems eliminate all our worries when it comes to the safety and protection of our family and assets. This is why most people believe that they are worth the investment. However, if you plan to have one installed, you should know their average cost per month.
You should expect to pay between $20 to $100+ per month for an alarm system. Two primary cost factors usually affect the monthly alarm system bills.
1. Security Hardware
Most alarm system security companies allow customers to finance the basic cost of a new system when requested. After financing approval, the total cost of installation and hardware is broken down into small monthly installments.
Financed hardware and installation are estimated to cost the customer around $10 to $70 per month until the alarm system is fully paid off. After this point, the customer only has to pay the monthly monitoring costs.
2. Monitoring The Alarm System
The monitoring costs are what most people consider as the monthly expense of the alarm system. This cost varies significantly, and on average, it is usually budgeted from $30 to $60 per month. However, in some instances, the prices can be as low as $20 or as high as $100+ per month.
Additionally, it also depends on the following factors:
- Size of home
- Landline or cellular monitoring
- Environmental sensors
It is better to estimate the monthly costs of an alarm system before buying one. Ensure that you are getting adequate security against the money you spend. For that, check out Security Forward’s article to find out how secured wireless alarm systems are.