4 Ways Home Security Pays for Itself
According to a study, only 17% of US residences have a working home security system. Is that because they think they can’t afford it, or that it’s a luxury item or only needed by the very rich? If so, that thinking is misguided. It’s all a matter of perspective. Once you understand the true value of protection and peace of mind, it doesn’t seem expensive at all. And if a family is dishing out a couple hundred dollars a month for cell phones, the cost of a home security system pales in comparison.
2019 Burglary and Home Invasion Statistics:
- Approximately 11.5 people out of 10,000 fall victim to property crime every year (US Department of Justice, FBI).
- There is one burglary every 13 seconds.
- There are between 2.3 and 2.6 million robberies every year in the United States.
- The safest month of the year is February, when cold and snow tend to deter would-be criminals.
- The worst month for home invasions is July, when people are on vacation and out of town the most.
- 41% of burglars claim that the robbery was an impulsive decision based on an opportunity that presented itself.
- Renters are more likely to be robbed than homeowners.
Facts About Home Security Systems:
- Not having a home security system increases the likelihood that your house will be robbed by 300%.
- Only 17% of US residences have a working home security system.
- 83% of burglars say they look to see if a home has an alarm system before making a decision about whether or not to break in.
Besides, a home security can pay for itself. Here’s how:
1) It can minimize fire or water damage
Your home security system can include monitoring for fire, smoke, carbon monoxide and even flooding. In situations where minutes count, like a fire, your home security system can get help to your house faster to minimize damage to your home, property and possessions.
2) It can keep a burglar at bay
One of the single-greatest deterrents when it comes to keeping a home safe seems to be a home security system. If a burglar has the opportunity to pick between several houses, the odds are currently strong that one of them will NOT have an alarm system, and thus make for the easiest target.
This gives homes with signage that suggests an alarm system is active are far less likely to be burgled. No matter your neighborhood, city, or state, this fact remains consistent across the board, that an active security system will keep your home safer than those around you without one.
A home security system can’t guarantee your home won’t be burgled, but it can decrease the chances. A burglar strikes every 13 seconds in the U.S. and homes with an obvious home security system are less likely to be targeted. How does that pay for itself? By preventing the costs of a theft. Studies say thefts costs about $2,000 to replace stolen items, but your time has value too. A home burglary will mean a lot of time on the phone and dealing with paperwork, plus the psychological damage done to you and your kids sense of safety. And that’s expensive!
3) It can lower your homeowner’s insurance premium
This is not a guaranteed cost savings, but worth looking into because many insurance companies will discount your homeowner’s insurance if you have a home security system.
Many insurance companies will decrease your homeowner’s insurance premium if you have a professionally installed and monitored home security system. (And by that I mean the real deal, not a Doberman.)
If your insurance is part of your monthly mortgage payment, as it is for many of us, you might not feel the difference a few dollars can make. But consider the math: If you save $20 per month,* that’s $240 per year, and over the course of a 30-year mortgage, that’s $7,200! In an age when it seems like everything costs something, saving a few dollars here and there always helps, and those savings can add up.
An added bonus: It could be the money you save on your insurance that will pay for the cost of the home security system!
4) Lower Your Risk
You might save in other ways too: Having a home security system means a decreased chance of a burglary, and that saves you from trauma, replacement costs, and the time you’d spend dealing with the aftermath of such a crime.
Having a home security system doesn’t guarantee your home won’t be burgled, but it definitely decreases your risk, and the statistics prove it: Homes without security systems are three times more likely to be broken into, and 90% of burglars say they avoid homes with obvious security systems. And let’s face it: The peace of mind that comes from having a home security system is priceless. You simply can’t put a dollar value on feeling safe.
It’s not all that much money
Maybe none of these cost-saving arguments really matters, however, if you consider how little a home security system costs compared to other common household expenses. A home security system costs an average of $39.95 per month depending on your vendor and features. That’s a little over a dollar per day. In comparison, most people spend far more than that on gas for the car, restaurant meals, and even fancy coffees: 10 coffees at $3.50 a pop adds up to $35. What’s worth more, 10 lattes or a safe and secure home?
When you look at it that way, is a home security system really that expensive? Call BSG today to learn how affordable a home security system is 855-MYSMARTHOME.