The average security camera costs $125 to $450 each, including setup and installation labor. IP or CCTV security camera systems cost $500 to $1,600 for 4 cameras and the installation fee. Residential surveillance camera prices are $50 to $250 each, and remote monitoring costs up to $20 to $80 per month.

Security cameras help families have peace of mind and can reduce the chance of burglary by 300%. Installing a home security system can also save you 5% to 20% on homeowners insurance.

Security cameras, or CCTV camera, transfer a signal from one place to a monitored location elsewhere. Surveillance cameras, on the other hand, are much more complex: they utilize IP networks and use software to complete the following tasks:

• Generate activity heatmaps
• Recognize license plates
• Follow individuals or vehicles
• Use AI to perform text-based searches

Home security cameras from manufacturers like Nest, Arlo, Ring, Wyze, Logitech, and Netamo work with smart home devices. This includes companies like Alexa, Google Home, Wink Hub 2, Samsung SmartThings, and Apple Home.

Many homeowners report a savings of 5% to 20% on homeowners insurance after installing a security system. This means you could have a savings of up to $50 to $200 per year, depending on the size of your home, the company you choose, and your insurance coverage.