Once the springs break, quite a bit of tension is put on the door cables, and they will often break next. When these cables break, they will snap and forcibly fly out like a broken rubber band. Think about how much it hurts to be snapped by a broken rubber band, and then multiply it by a hundred to account for the size and weight of the garage door cables.
Single panel doors are constructed from one monolithic panel. From the closed position a single panel door swings up and overhead with a hinge on each side (known as jamb type hardware) to the fully open position. A disadvantage of monolithic panel doors is that the swing up arc of the door occurs partially outside the garage. This means a vehicle must stop and park several feet in front of the door to avoid being hit by the garage door when it is opened. https://youtube.com/watch?feature=youtu.be&v=Z_eZc-kh40c
Guest 9232954 -- check out the other answers for this question, and the links below the answers for even more - seems from $125-400 range from different contributors (should be replaced in pairs for balanced lifting unless one spring is quite new), about $200-250 or 300 seems a common charge. The springs themselves generally run about $20-50 each depending on lead they have to carry.

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Test the door balance. A garage door should require only a few pounds of pressure to move it up and down. If springs wear out and lose their resiliency, a power garage door opener may need to work extra hard to lift the door. This can quickly wear out the motor on the opener. Replacing worn-out springs is usually a job for a professional technician.
Sears offers two different drive mechanisms to accommodate your home and budget. If you're looking for a smooth and quiet opener for a garage door with rooms located above the garage or attached to the garage, the belt drive is going to be the best for you. You can also choose a chain drive opener, which is perfect for garages that are unattached to the home.
10.2 Tape your winding bars if you have not done so already, not only to assure that you are inserting the bars completely into the cones as you wind the torsion springs, but more importantly to assure that the bar does not slip out of the cone when you stretch the springs at the end. This has happened to me several times. Professionals always stretch torsion springs after winding them because the shaft floats horizontally between the flexible end bearing plates as the door operates. Although this may be as little as 1/4", the binding of the coils as the garage door closes oftentimes keeps the door from closing completely, especially when the torsion springs and bearings are dry.
Garage door springs don’t require extensive care and maintenance. However, they also can’t be left entirely to their own devices. Spraying the springs with WD-40 is a good place to start. It’s also a good idea to check the balance of the garage door every year. To do this, simply lift the garage door up about halfway and let go. If the springs are in good working condition, the door should remain still. If the springs are beginning to weaken, the door might sag or fall. By taking these basic steps, you can preserve your door springs for longer.
9.14 Slide the springs to the bracket. Double-check to make sure you have the right wound spring on the left side and the left wind spring on the right side. Turn the springs until the ends are facing you. The wire at the ends of both torsion springs here at the bracket should be pointing down. At the winding cones at the opposite ends, the spring wire points up. If not, reverse the springs. About once a month we get a phone call from a do-it-yourself customer who begins the conversation with, "I wound the garage door spring to about six turns and the spring came loose from the cone." We normally refer them back to this step and suggest they switch their springs.	

If you have a steel door, but want the look of a wood one, it is not necessary to change your entire garage door. Often, it may be possible to mimic the look of wood with skillful painting. Your local home improvement store may be able to provide good advice about the type of paint and brushes needed to mimic the look of wood for your particular door material. 

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I got these replacement cables for my beach house garage door after the originals rusted and broke. These are twice the diameter of the OEM cables, and fit the door perfectly. The larger cables give piece of mind for both supporting the door and providing safety cables for the extension springs. Came with all the necessary hardware, and the installation was easy with the doors blocked in the up position. http://youtube.com/watch?feature=youtu.be&v=Z_eZc-kh40c
I got these replacement cables for my beach house garage door after the originals rusted and broke. These are twice the diameter of the OEM cables, and fit the door perfectly. The larger cables give piece of mind for both supporting the door and providing safety cables for the extension springs. Came with all the necessary hardware, and the installation was easy with the doors blocked in the up position.

Torsion springs do not last forever, regardless of what some companies claim. “Lifetime” springs do not exist – all springs have a lifespan. Most builders typically install the lowest costing door available and with that generally comes lower cycle springs. A torsion spring’s life is determined by the number of cycles the spring is rated to last. Whenever the door goes up and down is what is referred to as a “cycle.” The springs that builders install can last as little as 7,500 cycles which means the average homeowner could get 3-5 years of life. http://y2u.be/Z_eZc-kh40c
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