Individuals who are looking for identity theft protection can rely on both LifeLock and Discover for reliability and immediate alerts when problems are detected. While LifeLock has a long-standing reputation for being one of the best in the business, Discover gains its reputation as one of the more popular credit card companies. Both provide several preventative features and each has reimbursement coverage in the event that the unthinkable happens.
Overview: LifeLock vs Discover Identity Theft Protection
LifeLock is best known for its identity theft protection while Discover is primarily known for its credit card services. Both, however, offer credit monitoring and identity theft protection to their customers. If you are a Discover cardholder, the cost is $15 per month.
- LifeLock has three main plans that include some or all of their services
- Discover does not give customers an option to upgrade
- Discover and LifeLock offers up to $1 million in reimbursement insurance
- Both have mobile apps that allow you to check your credit 24/7
Similarities: Discover Identity Theft Protection vs LifeLock
LifeLock and Discover know the importance of understanding what measures need to be taken to protect your identity. Each offers alerts and notifications whenever any suspicious activity takes place, such as a new credit card account or a large purchase that is away from your normal geographic location. They also know it is essential that customers have access to their credit reports and account updates at all times.
- Monitors credit reports for any changes
- Allows access to credit scores and other important information
- Sends notifications and alerts when new accounts are opened
- Offers reimbursement insurance
- 24/7 customer service
Differences: Discover Identity Theft Protection vs LifeLock
LifeLock and Discover Identity Theft Protection provide similar services, but approach things differently. LifeLock's primary concern is with protecting your identity. Discover, on the other hand, is in the business of offering credit. They want to help their customers, not only protect their identity but also maintain sound credit practices. Discover relies on its credit monitoring capabilities to improve its identity theft prevention services.
- Discover only offers one plan option
- LifeLock monitors court records and marketing lists
- Discover offers online education portals
LockLife tracks everything from your social security number to your address and other personal information. By closely monitoring the dark web, it can remove your information from websites that may be exhibiting fraudulent or suspicious behavior. LifeLock also monitors court records and will notify you if your name appears in any court files or legal transactions.
Discover Identity Theft Protection also monitors the dark web. It notifies subscribers if their name shows up in data breaches or on suspicious websites. It also can notify you if someone tries to use your information to gain access to your credit reports or financial accounts.
Financial & Credit Monitoring
LifeLock monitors all of your financial accounts including 401k's, band accounts, loans, etc. Notifications will be sent to you if accounts are opened in your name or large purchases have been made using your accounts. LifeLock offers access to the credit reports from all three credit reporting companies and will notify you if your credit score changes.
Discover allows subscribers to check their credit score at any time through their mobile app. It also closely watches your bank accounts and will notify you if your Discover card is used outside of your normal travel area or for large purchases. Your bank accounts and loans are also monitored.
Identity Restoration & Insurance Coverage
LifeLock offers restoration and compensation coverage to varying degrees with each of their plans. For their cheapest plan, you get up to $25,000 stolen funds reimbursement and personal expense compensation. The next step up offers $100,000 stolen funds reimbursement and personal expense compensation. You get $1 million stolen funds reimbursement and personal expense compensation with the most expensive plan. All three plans offer up to $1 million to cover the cost of attorneys and experts.
Discover offers $1,000,000 in identity theft insurance as well.
Pricing & Plans
LifeLock's plans can be paid by the month or by the year. The LifeLock Standard charges $9.99 per month/$109.89 per year. The Advantage charges approximately $19.99 a month/$219.89 per year. The most expensive plan, the Ultimate Plus starts out at $29.99 a month/$329.89 a year. After the first year, the monthly costs go up by $5 per month.
Discover Identity Theft Protection is $15 per month.
Summary: LifeLock vs Discover Identity Theft Protection
LifeLock is one of the better options if you want comprehensive protection and monitoring for an affordable price.
If you have a Discover card, the identity theft protection services will work well if you are satisfied with the level of coverage it offers.