I just had shutters installed this year. Only reason I didn't do it earlier was due to cost.
Here is what I was quoted couple months ago.
To give you an idea of the house it is single floor 4/2 and is about 2,300sq ft. It has 10 windows with half being about 8 feet wide and 4 feet high and the other half are 5 feet wide and 4 feet high. I also have one large bay window which is 15 feet wide and 18 feet high and a double french door.
The cheapest option was to installing steel panel shutters on all windows and doors and that would cost $3,800. To install accordion type shutters would cost $7,000. We compromised and had accordion type on the bay window (due to size) and steel panels on rest of the house. The total cost was $5,000. When I moved into this house I purchased 18 sheets of 3/4" plywood that were precut and drilled for my house along with 150 3" Tapcon screws and washers that cost me less than $300.
My parents have 3,400 sq. ft. 5/3 two floor home and they have all accordion on the second floor and all steel panels on the first floor. It was installed in 1994 and it cost them $7,000.
Since 1994 my parents had to use the shutter total of 3 times and in each case the hurricane did not come near their home.
It comes down to cost and odds.