If that's the case, be sure to research the costs and benefits carefully and to confirm the extent of the coverage your insurance offers. And since its typically easier to resolve identity theft issues when you catch the problem quickly, be sure to regularly check your credit reports and scores for any signs of trouble. WebRegardless of how it occurs, identity theft affects a large number of people per year. Forbes Advisor list of best identity theft protection providers of 2020, Try Experian ID theft protection out for free for 30 days, Plans for individuals and families available, All plans come with identity theft insurance, Premium plan comes with monitoring of all three credit bureaus, You can add up to 10 children to family plans, The basic plan only comes with $500,000 in identity theft insurance, Basic plan only monitors your Experian credit report, which can leave you vulnerable to fraud, Up to $500,000 in identity theft protection, Ability to lock and unlock your Experian credit report, Monitoring of your Experian credit report, Up to $1 million in identity theft insurance, Lost wallet assistance: Celp you cancel accounts and get new account numbers when your wallet is lost or stolen, Address change verification: Can help you find out if someone is trying to alter your mailing address or personal information listed on your accounts, Real-time credit inquiry alerts: Lets you know immediately when someone tries to open an account using your information, FICO score simulator: Can help you anticipate changes to your FICO score based on your behavior and credit usage over time, Cancel your membershipduring the 30-day trialat any time without any charges. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials. With this in mind, a protection program that includes identity theft insurance may provide real monetary benefits as well. Christy Bieber is a personal finance and legal writer with more than a decade of experience.