The majority of home security companies are charging way more for monitoring services than most people are willing to pay.
San Francisco, CA (PRWEB) September 13, 2013
BestHomeSecurityCompanys.com (BHSC) recently conducted a survey to find out what consumers believed to be a fair maximum monthly price for home security monitoring services. The results showed that the majority of home security companies are charging way more for monitoring services than most people are willing to pay.
"We were interested in finding out what the consumer thought was a fair price for home security monitoring, but we did not expect the results we collected," Robert Siciliano, Director of Reviews, said. "An overwhelming amount of consumers felt that current monitoring prices are way too high. It just goes to show that a lot of home security companies are out of touch with consumers."
Over 1,000 responses were collected, and nearly 40% of consumers believe that monitoring prices should not exceed $19.99/month. Roughly 23% of people said they would be willing to pay $20-$29 per month for monitoring.
"One of the most intriguing components of this survey is that we asked what the maximum price consumers would be willing to pay per month on monitoring, and over 60% said they would not be willing to pay what the majority of home security companies are charging," Siciliano expressed.
The majority of home security companies charge $30-$60/month for monitoring services. In fact, Protect America is one of only a few companies that are priced within customers’ desired price range, with monthly monitoring charges starting at $19.99.
The remainder of responses showed that 15.9% of people would be willing to pay $30-$39/month, 11.5% would pay $40-$49/month, and only 10% of consumers would be willing to pay more than $50/month.
"It's no surprise that less people would want to pay more for a monthly monitoring service, but it is interesting that the majority of companies are charging more than what most people claim they would be willing to pay," Siciliano stated.
Before purchasing a home security system for a home, consumers need to be aware of the monthly costs associated with ensuring protection of their property. If the monthly monitoring prices are too high, consumers should consider finding another company that better suits their needs.
To view company reviews and prices, visit besthomesecuritycompanys.com.