Most utilities recommend whole house surge + extra surge protection for devices like tv, so you have the right idea.
There are a lot of ways to do surge protection, the main ones are :
MOV - it is a part smaller than a dime that when a voltage threshold is reached starts to conduct electricity . If I have one rated for 150VAC then at 150VAC it will short the hot to ground. These are cheap , about 50 cents each . The downside is the more surge they take the less effective they become and will eventually fail providing no protection.
Spark Gap - put two wires extremely close together inside a tube filled with a gas like nitrogen. When the voltage gets too high it will bridge the gap and short to ground. Cheap also, about $2 and last almost forever unless hit with a large surge . Downside is they don't work for low surges like 150VAC on a 110VAC line.
Crowbar - A circuit that contains a part called a SCR. SCR conduct electricity but instead of just burning out from the surge they get rid of the excess power as heat that can be taken away by a heatsink . The cost for a crowbar circuit is much higher because it requires about 5 different parts + a heatsink . They can handle very large surges though and tend to last a long time . They have the fastest acting suppression of any method and can be set to trigger at any voltage difference from 1volt over normal to 100volts over.
Those are the main terms to look for in a surge suppressor. Price isn't always a good indicator but if you see a really cheap model for under $20 you can bet it isn't a crowbar circuit inside.