If you are shopping around for identity theft protection services, you’ve probably stumbled across ProtectMyId, among others.
This company, owned by Experian, offers various services that promise to prevent your identity from being stolen. If it is stolen, they offer a service that claims to resolve problems as they occur.
ProtectMyId.com is a suite of identity theft protection services owned and operated by Experian, a leading information services agency and one of the 3 major consumer credit rating bureaus that offer credit scores and credit reports.
As it is owned and operated by a leading consumer credit reporting bureau, it is safe to say that the service is not a scam. Your information is safe with Experian, and with their line of services, you can be assured that your identity will not be compromised due to the company.
For $15.95 per month, you can get the Essential Package, which is currently their main offering.
The service is divided into three distinct purposes: Detect, Protect, and Resolve.
Their “Detect” services include:
Their “Protect” services include:
Their “Resolve” services also include:
$1 Million in identity theft insurance is included.
This service receives mediocre ratings from people living in the US.
PCWorld rates it at 3 stars, citing that it can be a little perplexing to set up and manage at times. It only allows the monitoring of three cards and does not offer comprehensive family identity theft protection (link to TrustedID review) like TrustedID.
Other people have said that the biggest con is that credit reports are only available for a fee. That’s unlike many of the other identity theft protection companies around.
ProtectMyId.com, at $15.95 per month, has a cost similar to that of LifeLock and IdentityGuard. But how do the benefits stack against each other? Let’s find out now!
LifeLock has services starting at $10/month for the most rudimentary of services.
However, LifeLock has the ability to upgrade to more comprehensive services, which ProtectMyID does not. If you want to spend up to $30/month, you can get many services that ProtectMyID doesn’t have, such as:
LifeLock’s $10/month service offers all of the services that ProtectMyID offers, except for Child identity theft protection. If you don’t have any children, then you may as well choose LifeLock over ProtectMyID.
IdentityGuard has two types of protection: Essentials and Total Protection.
The Essential Plan costs you $10/month, just like LifeLock. However, it does not have an address change notification, which both LifeLock and ProtectMyId have.
IdentityGuard Total Protection, on the other hand, is on the pricier side. It’s $20/month, compared with $16/month for ProtectMyId. However, IdentityGuard offers some of the most comprehensive protection available.
IdentityGuard offers these different types of additional protection:
If you want comprehensive protection for the best price, then IdentityGuard Total Protection is right for you.
ProtectMyID is best for people who want the peace of mind of being protected but don’t necessarily have the most active credit portfolio. If you move often, then you will want to address change notifications.
If you are a low-risk customer, especially with a child, you may want to pay $16/month for this service.
Some helpful tips for protecting yourself from identity theft:
If you want to learn more about identity theft protection, check out our article on protecting yourself from identity theft!