Having a home security system is a great way to feel safer at home. Whether you’re home or not, it can help you stay connected to emergency services if something happens. If you’re considering protecting your home, now is the time to do it! The costs of purchasing and installing a security system have gone down significantly over the past several years. Today, much of the up front costs can be financed into a reasonable monthly payment, and you can also avoid installation fees with self setup and DIY options. Plus, having a home security system can help you save money on other utilities bills — which people often overlook!
How much does a home security system cost?
When asking about how much a home security system costs, there are a few things to consider. What type of equipment are you getting? Are you handling the installation on your own or will you need it installed by a professional? And, do you want to pay upfront costs or roll it into a monthly payment? All of these things will determine the price of your home security system. If you’re looking for something simple and basic, you might be surprised how little you could pay for something that could save your life! Remember, there are other ways to offset the costs of a home security system. So explore your options with products and services to see how you can save money!
Can Having a Home Security System Save You Money?
The short answer is yes. Home security systems can save you money on things like homeowners insurance, energy costs, and other expenses. In some cases, these savings can offset the costs of the monthly payment for the security system altogether! Here are some things to look at when trying to save money with your security system.
Homeowners Insurance Savings
One thing that is often overlooked is the fact that simply having a security system can help you save money on your homeowners insurance. This is because to your homeowners insurance provider, a protected home is perceived as a lower risk. The savings also increase based on the level of protection that you have for your home. For example, there is a discount for burglary and theft. That discount then expands when you add monitored fire protection — and again with flood detection! The savings can add up to 5% or more — and sometimes you save as much as 20%!
Contact your homeowners insurance provider to see how much having a security system can save you on your homeowners insurance. Then, deduct that price from your monthly monitoring!
On top of the homeowners insurance discount, your security system can also help to reduce expensive energy costs. The U.S. Department of Energy says that heating your home is one of the most costly areas of your utility bill. Installing a connected thermostat can help to negate these costs significantly! Connected thermostats can automatically adjust your heating and cooling system to optimal energy levels when you’re away. On top of that, you can also control them from your phone and get an alert if the kids are bumping it up without you knowing (you’re welcome, dads). On average, connected thermostats save our customers $10-$15 a month in energy costs.
Savings on Other Home Services
Finally, many people opt out of some other home services when they have a home security system. For example, if you have kids that are in the in-between age of staying home alone after school or needing a babysitter, having a home security system could give you the peace of mind you need to let them stay home alone. With products like the connected door lock and home security cameras, you can stay connected to your kids as they come home from school. So, with a home security system, you can worry less while you’re working, and potentially eliminate the need for a babysitter.
Having a home security system can help you save money on things like homeowners insurance, energy costs, and more. If you’re thinking about getting a security system, but have some concerns about costs, we’d recommend you see how it can save you money. Add up what you’ll save in energy costs and homeowners insurance. If the savings bring the price of a home security system to a more reasonable expense for you, then it’s worth it to have a safer home!
Know someone who has been thinking about installing a home security system, but likes saving money? Share this article with them to show them how it can help them save some money too!