Last updated: March 2026
How Much Does Identity Theft Insurance Cost?
Cost Breakdown by Type
| Type / Procedure | Without Insurance | With Insurance |
|---|---|---|
| Basic Identity Theft Protection (monthly) | $0 – $0 | $5 – $15 |
| Comprehensive Identity Theft + Monitoring (monthly) | $0 – $0 | $15 – $30 |
| Family Identity Theft Protection (monthly) | $0 – $0 | $15 – $30 |
What Affects the Cost
- Your age, location, and health status
- Coverage level and deductible chosen
- Provider or carrier
- Claims history
- Credit score (for some insurance types)
- Discounts available (bundling, loyalty, safe driver, etc.)
Insurance Coverage
Typical coverage: Identity theft insurance covers expenses related to restoring your identity after fraud, including legal fees, lost wages, and documentation costs.
Insurance costs vary widely based on coverage level, location, age, and claims history. Shopping around and comparing quotes is the single most effective way to save money on insurance premiums.
How to Save Money
- Compare quotes from at least 3-5 providers
- Bundle policies (home + auto) for 10-25% discounts
- Choose higher deductibles for lower monthly premiums
- Ask about all available discounts
- Review coverage annually during open enrollment
- Consider employer-sponsored plans which subsidize 50-80% of premiums
Related Procedures & Costs
Frequently Asked Questions
Identity theft insurance costs $5 to $30 per month. Many homeowner's and renter's insurance policies offer it as an add-on for $2 to $5 per month.
The average identity theft victim spends $1,343 and 7 hours resolving fraud. Insurance provides both financial protection and access to resolution specialists.
It covers lost wages for time spent resolving fraud, legal fees, mailing costs, phone bills, and sometimes stolen funds up to $25,000 to $1 million.