In today’s modern world, ensuring the safety of your home and loved ones is more crucial than ever. In this detailed guide, we will delve into the realm of security camera monitoring systems, offering insights into the latest technologies and solutions to enhance your home’s security. From wireless surveillance to smart monitoring features, these systems provide reassurance while keeping you connected to what matters most. If you’re seeking affordable options for securing your home, explore the choices below and take a proactive step towards establishing a secure and protected environment.
For as little as $20 per month, you can have a home security system set up to safeguard yourself and your possessions. We’ve scoured the internet to find the best deals and compiled them all in one convenient article. So, if you’ve been considering adding a home security system to your residence, check out these budget-friendly options.
How Can Home Security Save You Money?
You might be wondering:
“How can spending more money on a home security system actually lead to savings?”
That’s a valid question, and there’s a reasonable answer. Yes, installing a home security system comes with an upfront cost. Not only will you need to pay for the system installation, but there are also monthly monitoring fees. However, most home insurance policies offer discounts, up to 15 percent, to those with adequate security systems. Just remember to contact your insurance provider and inquire about this discount.
The Hidden Savings of Preventing Break-Ins
On average, American households lose $2,120 due to break-ins and burglaries. Cash, jewelry, and expensive electronics are commonly stolen items. A home security system reduces the risk of becoming a victim. Studies suggest that adding an alarm system can decrease the likelihood of a break-in by up to 60 percent. Even alarm systems without active monitoring are better at deterring criminals than having no security measures. After all, criminals won’t know if you’re still paying for monthly monitoring.
Beyond safeguarding your financial assets, home security systems also offer personal protection. For instance, an intruder attempting to break into your home while you and your family are sleeping is likely to be frightened off by the blaring alarm. Even if they manage to grab a purse or wallet while leaving, the most crucial thing is that your family remains safe.
SimpliSafe
Pros
No contracts
Do-it-yourself installation
60-day money-back guarantee
Cons
Limited smart home compatibility
Advanced features missing
Lower-quality cameras
SimpliSafe is, well… quite straightforward. But that’s not a drawback.
For those looking to save money by self-installing a security system, SimpliSafe is an excellent choice. Their hardware packages start at just $245. Even if you opt for more equipment, the company offers financing options, so you don’t need to pay the full cost upfront.
SimpliSafe offers various monitoring packages. The self-monitoring options cost $0.93 and $10 per month. However, an upgrade to $18 or $28 per month provides more recording options for additional cameras—up to 10 in total. While other systems may have more features, SimpliSafe stands out for its affordable entry costs.
Cove
Pros
Lifetime warranty
Two-way audio from monitoring center
Positive reviews
Cons
Limited smart home compatibility
New to the market
Best features locked behind higher prices
Cove’s monthly monitoring fees are $17.99 (Basic) and $27.99 (Plus). We recommend the higher-priced package since it includes mobile device access to your system and extra video recording. Regarding hardware, Cove allows à la carte purchasing, if desired. However, a basic package costs around $300. Hardware can be financed over three years, at an additional $10 per month.
Cove’s standout feature is its quiz, which helps you choose the most suitable equipment for your home. Cove is designed for self-installation, though professional installation is available for a fee. The Cove mobile app allows system monitoring and features RapidSOS for quick communication with emergency responders. Instant text alerts are also available for triggered alarms.
Abode
Pros
Apple HomeKit compatibility
Simple setup
Ideal for apartments or dorms
Cons
Higher upfront equipment costs
Not suitable for larger homes
Cancellation fee
Abode is another solid option in the DIY home security market. This system is mainly designed for smaller homes or apartments, making it less suitable for larger residences. Nevertheless, with advanced smart home compatibility, a one-year warranty, and reasonable monthly monitoring fees, there’s much to appreciate.
The free Basic plan offers a live video feed without recording. The $6 per month Standard package adds 10 days of video recording. The $21.99 per month Pro package offers professional monitoring and cellular backup. On-demand professional monitoring for three- or seven-day periods is also available. This is handy when you’re away for a while but spend most days at home.
Upfront costs are comparable to others on this list, starting at around $250 for a basic package and up to $350 for a comprehensive one. Be aware of a $35 cancellation fee for returned systems, a charge not common among competitors.
Blue by ADT
Pros
Well-known ADT brand
Do-it-yourself installation
No contracts
Cons
Costly add-ons
Problematic mobile app
ADT Security is a familiar name in traditional home security systems. To compete in the era of budget-friendly, self-install smart home security, ADT introduced their Blue sub-brand. They offer a single monthly plan at $19.99, including 24/7 professional monitoring, mobile app access, two-way audio, and 60 days of video storage. The free plan excludes pro monitoring and retains video footage for 24 hours.
Hardware can be purchased separately, with a basic package around $109. Adding more cameras, sensors, or a smart doorbell can quickly raise the cost to $300 or more. The Blue by ADT app serves as a hub for your home security system, but some users have encountered issues with its functionality. A recent update addressed many problems, but reliability is essential for a home security system.
Blue offers some smart home compatibility, though the best features are reserved for ADT’s pricier Pulse plan.
Wyze
Pros
Affordable professional monitoring
Free starter kit
No contract
Cons
No camera included
Limited smart home support
Cannot share app access with family or roommates
Wyze is one of the most budget-friendly options for home security systems. Home monitoring costs only $9.99 per month, or $100 annually. Hardware packages start at just $99. While the price is unbeatable, there’s an element of “you get what you pay for” with Wyze. It lacks some features of SimpliSafe or Abode and doesn’t have cellular backup, rendering it useless if your home internet goes down.
Fortunately, Wyze doesn’t compromise on equipment quality. The hub, sensors, and cameras are top-notch devices that are easy to install. Additional equipment can be purchased as needed, at a reasonable price. The system supports up to five cameras and multiple smart home devices. There’s no contract, and a 30-day money-back guarantee is offered. However, equipment warranty lasts only a year, which is somewhat disappointing. Nonetheless, Wyze is a cost-effective way to monitor your property.
