LifeLock vs Trusted ID Comparison

Verdict

Its free Norton Antivirus app makes it a very good reason to choose this service. It also offers social media monitoring and a dedicated resource for case resolution which other companies do not provide.

trustedid

Verdict

TrustedID may be limited in its features but it does offer something that LifeLock does not- a look into the Equifax report. It is also priced higher compared to its competition. 

The convenience of modern life has made us complacent about many things, including our digital security.

If you also happen to take your online safety casually, you will likely have to deal with a rude awakening. It’s not a question of if; it is a question of when. Especially when you consider that hackers these days won’t give up unless they get a pound of your flesh.

It’s not surprising to come across a horror story of how someone lost their savings through identity fraud or online scams.

However, it doesn’t mean you have to end up with the same fate. Signing up with an online ID protection service will significantly increase your odds of surviving such attempts.     

Within this article, we will compare two well-known ID protection services LifeLock and Trusted ID to help you understand what they offer and which one should you choose for your digital protection.              

LifeLock vs Trusted ID: A Quick Comparison

Don’t have a lot of time on your hands? Here’s a quick look at what’s on offer from both services:

Features

LifeLock

Trusted ID

Starting price

Identity Theft Insurance Cover

$1 million

$1 Million

Robust information screening

Annual Plan Discount

Dark web monitoring

Dedicated Account restoration assistance

Free Antivirus

Family Plan

Reliable Customer Support

Sex offender alerts

Lost wallet protection

Credit scores

Social media monitoring

Lost wallet assistance

Social security number surveillance

Equifax credit report lock

Latest Offers

Similarities

  • Both services offer generous insurance coverage for financial loss resulting from ID theft
  • They both offer 24-7 customer support
  • They both offer dark web monitoring
  • They both provide access to credit scores at least once a year
  • They both offer bulk discounts for annual plans

Differences

  • LifeLock offers social media monitoring while Trusted ID does not
  • LifeLock offers Norton antivirus with all its plans while Trusted ID does not
  • LifeLock offers a dedicated resource for case resolution while Trusted ID does not
  • Trusted ID offers the option to lock your Equifax report while LifeLock does not

COMPETITOR DEALS

Simplified structure with excellent family plan and AI-assistance.

Provides quarterly credit reports from all 3 major credit firms. 


LifeLock Identity Theft Protection

Let’s take a closer look at what LifeLock brings to the table

Features and Services

With plenty of experience behind them, they have captured a large chunk of the online security niche. Over 5 million individuals and families trust them with their online safety. It offers protection for your bank accounts, credit, and other sensitive information.  If you are ID theft victim, LifeLock will help you with the account restoration process and offers generous coverage for financial loss resulting from digital fraud. 

Pricing and Plans

1. Research thoroughly

It starts at $11.99 per month. Although priced higher than some of the other available starter plans, it does offer a nice discount for subscribers who sign up for the annual plan; you will be paying $125 instead of $144. You will get up to $1 million insurance for digital crime and an additional $25,000 for financial loss and to top it off you’ll be entitled to $25,000  more to cover personal expenses.

However, you won’t have access to credit reports or credit scores.  But it will monitor your Equifax credit records. Moreover, you will be prompted if it finds online any of your sensitive information such as your address, bank accounts, or SSN.

2. LifeLock Advantage Plan

You will have to pay $23.99 a month or $20 per month if you choose their annual plan. You will get all the features of the Standard plan. Moreover, financial loss coverage and personal expenses payments are raised to $100,000 each.  You also get an additional Equifax credit report and Equifax VantageScore 3.0 credit score per year. They will also monitor your credit usage for fraudulent activity.

3. LifeLock Ultimate Plus Plan

You will have to pay $34.99 a month or $28.33/month for the year. The plan sharply raises the personal expense coverage to $1 million. Secondly, it offers improved credit screening. You will have access to reports from all 3 credit agencies, plus you’ll have monthly access to Vantage 3.0 scores from the credit reports of Experian and TransUnion. The plan also offers sex offenders alerts. 

4. Lifelock Family Plan

You can include children under the age of 18 to your plan for an additional $5.99 per month. However adding your partner is not cheap, you’ll have to sign up for a separate individual plan.       

Trusted ID Review

trustedid

Within the following section, you will find an in-depth review of Trusted ID:

Features and Services 

Trusted ID started its operations in 2004. Functioning out Paulo Alto, California, it is owned by Equifax, which is a major consumer credit reporting agency.

Its feature bucket includes $1 million identity theft insurance, Equifax credit report, three-bureau monitoring, Equifax credit report lock, social security number surveillance, lost wallet assistance, and dark web monitoring.

Trusted ID Plans & Pricing

There is some confusion regarding Trusted ID’s current plan offering. It is important to mention that up until early 2018, they offered free signups. Currently, their official website doesn’t offer any concrete data on plans and pricing. However, we have gleaned some information from several online forums and previous customer reviews. Here they are:

1. IDEssentials Individual

To get started, you will have to pay $13.49 a month and if you sign up for their annual plan, you can bring it down to under $11 a month. You will have $1million in insurance coverage. Other features include credit reports from all 3 agencies, medical record surveillance, antivirus software, internet, and dark web monitoring and you can also lock your credit reports.   

2. IDEssentials Family

The family plan will run you $25.19 each month. You can add up to 6 family members. You will get all the features of the individual plan including the $1 million insurance cover. If you pay for the year your monthly bill will be $20. 


Pros & Cons

Here’s a quick look at their pros and cons.

PROS

  • Complete refund can be requested within 60-days
  • Up to $1 million for financial loss and $1 million for personal expenses
  • Round the clock phone assIstance
  • Dedicated identity restoration departments

CONS

  • Expensive family plan
  • You'll have to pay a dollar extra per month for any plan you subscribe to after 1 year

trustedid

PROS

  • Up to $1 million in case you suffer financial loss due to identity theft
  • You will have access to credit reports from all 3 major credit agencies
  • Easy to use with a short learning curve
  • Quick and consolidated access to all the key security metrics
  • Trusted ID also offers a user-friendly mobile app
  • 24-7 access to reliable customer support

CONS

  • No social media monitoring available
  • Lack of a dedicated resource to resolve identity theft cases
  • You don’t have the facility to grant limited power of attorney to Trusted ID in case of ID theft. This somewhat complicates the restoration process

Summary

Lifelock’s family plan is quite expensive when you factor $6 a child and an additional  account for your partner. However, they provide great security in addition to regular access to credit reports. So if budget is not a major barrier then LifeLock makes more sense.

At $13.49, Trusted isn’t cheap. However, a healthy annual discount and access to credit reports from all 3 agencies make it a compelling option to consider.