If you are looking to protect your family or business with a security system that is watched by an alarm monitoring system, you might be trying to decide if it is worth the cost. Let’s examine the costs of equipment, fees, and monitoring costs to see if security alarm monitoring is worth the investment.
How Much Does A Security System Cost?
The first thing to look at is the cost of equipment. This will vary, depending on the size of your home or business and the amount of security equipment that you want. It will also depend on if you want to have a DIY setup or have your system professionally installed.
For DIYers, you can get a security system installed in your home or small business for $200 to over $1000 dollars. By doing it yourself, you can avoid installation and activation fees. For the sake of this article, let’s say it cost $500 to put a small security system in your home or small business.
How Much Does Monitoring Cost?
Like security system equipment, this will depend on the package. Usually, monitoring costs anywhere from $15 - $30 a month to have a central station monitor your system. Additional features and the amount of equipment that is monitored can also add onto the base price. Again, let’s say that you have five cameras that are monitored at $3 dollars per camera, this would make your monthly payment $45.
Burglary Statistics
A study was conducted by the UNC Charlotte that concluded that 83% of burglars said that they checked to see if a house had a security system. If a house did, 60% of those robbers would not attempt the break-in based on that fact alone. So, beyond monetary value, there is a preventative value of a security alarm system.
The statistics will vary depending on where you look, but all of them come to the same conclusion: burglaries are more likely to happen during the day than at night. This means most burglaries will happen while are away from your home.
According to safehome.org, the average value of cash and valuables stolen from a resident during a burglary was $2,416 dollars. Commercial burglary have an average higher value in items stolen.
Now let’s break down the math from previously. You paid $500 for your security system for your small business. It costs $45 a month ($540 a year). That’s $1,040 upfront cost (since you won’t have to buy new equipment and the $45 a month is reoccurring). Now consider that with the average cost of stolen goods: $2,416.
So, if you take the average cost of losses and minus the upfront cost of a system ($2,416 - $1040 = $1,376). You are preventing an average of $1,376 from being stolen from your residence or small business. That alone pays for the alarm. Let alone mentioning the deterrent factor of having an alarm system, and the protection from emotional and physical harm a break-in can cause. So, do we think having security alarm monitoring is worth it? 100% yes.
AvantGuard is a top provider in for security alarm monitoring. Check out our pricing tool to see how much our services will cost. And reach out if you are interested in having our company monitor your alarm.
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