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You can save $10 per month on Nest’s $29 monthly monitoring fee the service is provided by Brinks Home Security, but it requires signing a three year contract. Based on our analysis, there are two systems worth highlighting. Best Value Ring Alarm Starter kit cost: $199 Total hardware cost: $519 The original version of this article highlighted the Ring Protect system as our best value pick, but because of a legal dispute, Ring canceled preorders for the system and Scout Alarm became our pick. But now that Ring is relaunching the system Wednesday as Ring Alarm with preorders that ship next month, we’re reinstating Ring as our best value pick. If you’re interested in professional monitoring, Ring Alarm is the least expensive system of the bunch. Its hardware prices are not the lowest—that honor goes to SimpliSafe—but they’re reasonable, especially compared with SmartThings ADT and Nest. Ring Alarm’s professional monitoring plan, at $10 per month or $100 per year, is less expensive than other plans by $10 to $20 per month. If you don’t need professional monitoring, you can self monitor the system free. Ring Alarm also includes a Z Wave radio chip that a Ring spokeswoman confirmed allows you to use Ring Alarm as a smart home hub for compatible Z Wave lights, switches, locks, and more. Ring Alarm preorders will ship July 3, 2018. Smartest Smart Home Option Honeywell Smart Home Security System Starter kit cost: $500 Total hardware cost: $1,100 The new Honeywell DIY system is the second most expensive option behind Nest Secure, but it offers far more value.