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Should I Get a Home Security System? | Top Reasons Why You Need One

Updated: Feb 20, 2020

Times are not the same anymore. Gone are the simple times of Mayberry, where everyone knew their neighbors, and the entire community was like family. Home security was a dog that barked while it wagged its tail, and no one locked their doors because their homes and valuables were safe. These days, a home security system is more of a necessity than an option. Leaving doors unlocked might be too tempting for thieves to resist.

Is a Home Security System Worth the Expense?

Home security systems are fairly standard in today's world. It is an added expense, sometimes to an already overloaded budget, but security and protection is worth it. A professionally-monitored home security system that monitors 24/7 is quite a bit more expensive than simply buying cameras for your home, but consider the additional options you get for the money.

Almost all home security systems now come with surveillance cameras, which deter break-ins as well as preventing other incidents such as fire and water damage. Fire damage is one of the most costly claims for insurance companies because it can destroy your entire home and all your material possessions in a matter of minutes. Fire and lightning combined account for almost 10 times the number of insurance claims as theft and burglary. Additionally, some security systems can also detect water or gas leaks, which could not only save you money but your life as well.

If anything triggers your alarm, the security company immediately receives the information and contacts you. From there, the police or fire department is dispatched to your residence to assess the situation and provide assistance. Security cameras also capture the actual footage of the incident, and you can see what is happening via your smartphone.

If You're Still On the Fence About Purchasing a Home Security System

Home burglaries are much more common than you realize. According to recent studies, a home is broken into every 13 to 18 seconds in the United States. Thieves are typically looking for items they can steal quickly, carry easily and sell immediately to pawn shops or individuals. Televisions, electronics, musical instruments and valuables can be replaced fairly easily, but what if your family or children are at home when the break-in occurs? A home security system can help give you peace of mind knowing your family and your things are protected.

Insurance companies offer an additional discount for having a security system because it saves them money on would-be theft and damage claims on homeowners’ insurance policies. Discounts differ by company, but even a small amount of savings can be applied to the cost of your security system.

Still Not Convinced?

Consider this: Over 100 million people go to the emergency room each year, many of them with life-threatening issues. Some home security systems offer life and wellness monitoring to help ensure that emergency responders are notified quickly in case of an actual medical emergency. Every single moment matters in a life or death situation. How much is that worth to you?

The average cost of installing a home security system ranges from $300 to $1,000, depending on the system, the company and the additional features you select. The monthly monitoring fee for an alarm system typically runs from $30 to $75 depending on your package and its features.

Additionally, insurance providers offer better discounts for added safety features, like smoke alarms and carbon monoxide detectors. Depending on your insurance company, your discount should be anywhere from 10 to 20 percent.

Most home security systems run on wireless communications, which means you do not need a landline in your home for it to work, making it more convenient for you and your alarm company. It's true that you could invest hundreds of dollars in a home security system and still get robbed, but you have a better chance of recovering lost or stolen items than you have without one.

Should you decide to install a home security system, choose a reputable company because scams are everywhere. If someone shows up on your doorstep trying to convince you to buy a pricey security system or calls you from an unknown number, those are signs that they are out to drain you wallet without making good on their promises. In fact, those people probably don’t represent any company at all.

Final Thoughts on Security Systems

Do your research, and decide what you want and need, what you hope to get out of an alarm system and choose the company that best fits your needs. Don’t be afraid to shop around, ask questions, make comparisons and get the right product for your home and family.

Your potential return on your investment will be worth it in the long haul, especially if you live in an area where the crime rate is higher. No home is as safe as you’d like to believe, and even if you do not know your neighbors, they might know more about you, your schedule and your possessions than you think.

Your peace of mind and your family’s safety is worth more than any dollar amount imaginable, but do not feel like you have to buy the most expensive equipment or security plan on the market. Companies want your business, and most will work with you to help you feel content with your plan. Some offer multiyear contracts, which reduces the price for having a longer deal on service with them. Others may allow you to pay monthly but may be a little more expensive in return for not having an extended contract.

Home security systems are not a one size fits all solution, but they can be an effective tool for preventing property crime. Before you install a home security system, run the numbers to see how you can fit it into your budget, shop around for the best price and the features you need, check with your insurance company about discounts, and then make an educated decision on how to proceed to protect yourself, your family and your future.

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