If you are on the look out for a ID protection service and you’ve stumbled on ProtectMyID, then you’ll want to check out this review.
What is ProtectMyID? Is this service worth it? We will be answering these questions in the review below.
We are also going to go over the different pros and cons of this product. Then, we will compare it to another identity fraud protection service to see how it holds up.
This way, you can make an informed decision on whether or not ProtectMyID is the ideal service for you.
So without further ado, let’s get started.
What is ProtectMyID?
Protecting your Identity from possible theft can give you much needed peace of mind.
ProtectMyID aims to do just that.
It offers monitoring services, recovery services, insurance, and more.
The thing is, the identity theft protection service industry is huge.
There are countless products out there offering more or less the same thing.
So, to stand out, a ID theft protection service needs to offer unique features and competitive pricing.
Does ProtectMyID do that?
Well, let’s be more specific about it’s features…
What Do I Get From ProtectMyID?
To be protected by ProtectMyID you’ll need to pay $15.95 USD per month.
This amount of money, will get you their Essential Package, the most commonly bought product.
Here are the services you will receive from this package…
Identity theft is actually almost impossible to “prevent”.
However, you can prepare for the worse by monitoring for any suspicious behavior.
If you manage to find out that your personal information has been stolen in time, then you can freeze your accounts which will stop anyone from stealing anything valuable from you.
The thing is, you can do most of the monitoring yourself.
As in you can check your credit report, credit cards, bank accounts, SSN information, etc, on a regular basis.
However, constantly monitoring your information can be both tiresome and stressful.
With the monitoring services from a protection product like ProtectMyID, you will instantly get an alert if something is suspiciously changed in your accounts.
Also, often times stolen identity information is sold on the black market on the web. So, ProtectMyID searches for the web constantly, to see whether or not your information is being sold.
It is certainly comforting to know that a service is constantly looking out for you. But once again, you can do most of the monitoring yourself, which means this type of service isn’t essential.
ProtectMyID Recovery & Restoration:
ID theft protection services tend to offer a wide variety of recovery services.
As for ProtectMyID specifically, they are somewhat lacking.
This product offers a Lost Wallet Protection feature, which makes it easier for you replace your debit cards, medical cards, credit cards, etc.
Once again, this service isn’t necessary, it just makes things more convenient.
The next feature this product provides is an $ 1 million dollar maximum insurance coverage, which is pretty much standard for identity theft protection products.
What does this insurance cover?
Well, in the event that your identity does get stolen, you could be reimbursed for lost wages, travel expenses, and child care.
However, it’s important to go over the terms and conditions carefully as the insurance most likely won’t cover everything.
Pros and Cons of ProtectMyID:
Monitors your child’s credit report: This will ensure that people won’t use your child’s identity to steal assets from you.
It’s Affordable: $15.95 month isn’t very expensive. However, ProtectMyID does not offer much in terms of services.
Strong Security for logging in: One thing this product has going for it is great login security. You will need a password, email address, and the last four numbers of your SSN to log in.
Poor Alert System: There isn’t much communication between you and the people behind ProtectMyID. Expect to only receive a SMS or email once in awhile.
Lacking in Protection Services: The service doesn’t monitor your bank account, large purchases from your credit card aren’t detected, among other things.
Extra fees for credit reports and scores. You can get credit reports for free elsewhere, but you will need to dig deep in your pockets if you buy these reports through ProtectMyID.
Poor Customer Service: Reviews after reviews online complain about the poor customer service. From no phone pick ups to bad user interface, their customer service leaves a lot to be desired.
Another downside worth mentioning is the website and services are only available to people in United States or UK – it’s not international.
Recommended ID Theft Protection Service:
We’ve reviewed countless ID protection services, and we’ve come to the conclusion that ID Shield is the best of the best.
ID Shield costs only $9.95 a month for the personal plan. Compare this with ProtectMyID’s $15.95 per month, and you can see what we are getting at.
There’s also the fact that ID Shield provides more protection features. Here’s a quick run down on what it offers:
- Monitor of Social Security Number.
- Bank Account Numbers, Telephone Numbers, and up to 10 Credit Cards.
- Monitor of Email addresses and Driver’s license.
- Free App.
- 24/7 customer service (hotline).
- Professional Assistance for lost credit cards.
- Advice on Credit Freeze.
- Consultations on ID Theft.
- Advice on Scams.
- Up to $ 5 million USD recovery insurance.
- Password Manager.
Perhaps the only disadvantages of ID Shield is that it uses credit information from only one credit bureau agency.
Furthermore, you will need to get a separate account if you want to include your family. But, the family plan is also incredibly affordable, and it can include your spouse and up to 8 kids!
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The Bottom Line on ProtectMyID:
While ID theft protection services are not essential, they can certainly make things easier for you.
If you are concerned or if you have a constantly packed schedule, then this type of service could be ideal for you.
When compared with high end services like ID Shield, ProtectMyID doesn’t really offer much in terms of protection services, financial information, and ID theft recovery.
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