You could be forgoing a home security system due to the cost, but a security system is more affordable than you may realize. A monitored alarm system might decrease your homeowner’s insurance bill by up to 20 percent and, according to the FBI, a monitored security system also significantly helps reduce the chance your home will be burglarized.
We’ve uncovered a wealth of statistics that give you eight good reasons why investing in a home security system is far more affordable than suffering the financial and emotional consequences of a burglary.
1. Improving Your Odds
When weighing the cost of a home security system against the potential cost of a burglary, you should know that the odds are every 1 in 3 homes without a security system get burglarized, compared to 1 in 250 homes that have a professionally monitored security system. With the average dollar lost per burglary in the U.S. being $2,185, a home security system is a smart investment.
2. Avoiding Property Damage:
Up to 95 percent of burglaries involve break-in by force, such as breaking a window or knocking in a door. That means, in addition to the cost of replacing stolen property, the majority of homeowners also have to pay for property repairs.
3. Wireless Protection
If you’re a renter, you might want to explore the benefits of a wireless home security system. With a wireless system, no holes are drilled and when it’s time to move, a wireless system is simple to pack up and install in your new home or apartment.
Homeowners and renters will both appreciate that a wireless system is often less vulnerable than a traditional hardwired system because it can’t be disarmed by cutting telephone or alarm wires. A number of top ranked security providers offer affordable wireless solutions.
4. Future Prevention:
Beware: It isn’t uncommon for a burglar to target a home more than once. That could be because they have already been inside your home and know you have more items they want. If you’re the victim of a break-in, consider investing in a home security immediately to deter the bad guys from returning and costing you even more in losses.
5. Replacing Property:
A burglary is a difficult crime to solve. On average, only about 13 percent of burglaries are cleared by police, and recovering stolen property is even less likely to happen. That means there’s a strong chance you’ll have to replace the items that were stolen, and they are often pricey ones such as handguns, jewelry and laptops. The cost of replacing just one of these items could be more than your security system fee for an entire year, or years.
We’ve noted that the financial impact of a burglary may be $2,185 or more, but it’s hard to put a price tag on a burglary’s potentially devastating emotional and physical impact. Sadly, a Bureau of Justice Statistics Special Report states that a household member was home in nearly one third of burglaries. Disturbingly, in seven percent of burglaries an occupant suffered some form of violence. In addition to the cost of paying to replace stolen items and fix damaged property, you may also face medical bills.
7. Help Save Your Life
If you’re considering investing in a home security system, keep in mind that a professional monitored system can help protect your family from a wealth of costly hazards including fire and flooding. Additionally, security providers offer carbon monoxide monitoring that could help save your life.
8. Average Cost of Loss
Depending on where you live, there could be a 1 in 4 chance that your home is burglarized each year. This means some homeowners have a 25 percent chance of losing approximately $2,185 annually. While home security monthly fees vary, a basic security system will cost you far less than the average burglary.
The statistics our research uncovered confirms that the cost of an alarm system is inexpensive when compared to the emotional and financial trauma a burglary may inflict. If it’s time to help protect your family against the repercussions of a burglary, SafeWise is here to help you find the best home security provider for your needs and budget. Call 1-855-814-3077 today and speak to a SafeWise security specialist.
Written by Alexia Chianis
Wanderlust junky and mom of two, Alexia is a former police officer and U.S. Army Captain who draws on her experiences to write about a myriad of safety topics. Learn more