Ring, maker of one of the original (and still likely the best) connected video doorbell, has launched a comprehensive home security system called Protect, which retails for $199 and includes a base station, keypad (for arming and disarming) a contact sensor for a window or door, a passive infrared sensor for detecting motion and a Z-Wave extender for adding range to smart home devices that use the standard.
Although this looks intriguing, my experience with Ring products is that they work about 75% of the time on our two cameras. And the problems are definitely with Ring, not our network - as sometimes our iPhone / iPad won't connect, but an Android device right next to it on the same network will connect just fine to the video. Occasionally it is the other way around, but sometimes nothing will connect to the Ring camera even though my home network is up and working fine. That's annoying for video alerts... but for a home alarm, I don't think I would trust them based on my experience with our Ring cameras.
We went with SimpliSafe instead. I don't have any experience with their newest version, but their "version 2" which is still for sale has been flawless for the ~4-5 years we have had it. Never a false alarm and more importantly, NEVER a "can't connect to base station ..." error. It is $15/month for monitoring through SimpliSafe, but I'll gladly pay $5 more a month for reliability.

The square wireless base station is the main component of the Ring Alarm system. It's 6.7 x 6.7 x 1.4 inches in size, and though it lay flat on a bookshelf for this review, it can be mounted on a wall. The base station has ZigBee and Z-Wave antennas, and while the latter is available to use with compatible third-party accessories, anything that isn't Ring-certified won't work with security monitoring.
Ring is a Wi-Fi connected doorbell and exterior lighting security system that was recently purchased by Amazon. They don’t offer any type of home automation features; however, their system is compatible with many third-party smart home systems. However, Ring has announced that they will soon be adding interior home security and environmental protection features to their current lineup.
The Ring Alarm system has three different modes, which can be set via the keypad or through the iOS and Android apps. There’s the standard disarmed mode that turns off all of the monitoring; an away mode that watches all of the installed sensors for intrusions; and then a “Home” mode, which by default will monitor sensors installed on entryways, but ignores motion inside the house. I’ve used the latter mode as basically a night or sleep setting, since during the day my family moves in and out of the house a lot and would constantly trip the door sensors.
The second issue I have for the system is that there is no quick exit feature. For the entire six years that I've had a security system, I have been used to being able to press a button that will give me one minute to quietly exit the house. This is important when I am leaving for work a few hours before my family wakes up for their day. The Ring system doesn't have this feature at all. When the system is armed, it has to be disarmed (which it announces) and rearmed before exiting with a delay that can be set up with your phone (it will announce this as well and will make a sound while it counts down) or can be armed from your phone after you leave (again, it will announce this with the countdown sound). You either have to chose if you want the system to count down or not. Not counting down will immediately arm it and you will have to arm from your phone if you leave and arm it on the "Home" setting while others are still there. You can adjust the sound that is emitted from the panel so that it isn't loud, but it will also make your door and window chimes use the same volume all of the time. If you have your system armed while you’re home, and the volume is down, you might not hear the system telling you that it needs to be disarmed if you forget and open a door. There is no in-between here. If you have to leave while others are still sleeping, this may be a problem for you.
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