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Is LastPass Worth It? Weighing the Costs and Benefits of LastPass Pricing

Is LastPass Worth It? Weighing the Costs and Benefits of LastPass Pricing
Laura
BY: Laura
Posted: July 11, 2019

LastPass is an effective password manager that offers both free and paid plans, meaning that you really have no excuse for re-using the same password across multiple platforms ever again.

Should you stick with the free option? Or should you go for one of its paid versions instead? Read on to find out all about LastPass pricing.

Different LastPass Pricing Options

Features Free Premium Families Teams Enterprise Identity
Users 1 1 6 5 -50 5+ 5+
Access on all devices Y Y Y Y Y Y
Zero-knowledge security model Y Y Y Y Y Y
Password generator Y Y Y Y Y Y
Save & fill passwords Y Y Y Y Y Y
Secure notes Y Y Y Y Y Y
Security challenge Y Y Y Y Y Y
A vault for every user Y Y Y Y Y Y
One-to-one sharing Y Y Y Y Y Y
One-to-many sharing Y Y Y Y Y
Emergency access Y Y Y Y Y
Priority tech support Y Y Y Y Y
Multi-factor authentication 2-factor 2-factor 2-factor 2-factor 2-factor Adaptive
Advanced multi-factor options Y Y Y Y Y
Directory integration Y Y
Single sign-on Y Y
Admin dashboard Y Y Y Y
Shared folders Y Y Y Y
Policies Standard Advanced Advanced
Reporting Standard Advanced Advanced

The Best Price Option

At $36 a year, LastPass Premium is a steal, especially considering that most noteworthy password managers charge much more for similar features.

If you’re a small business owner, we’d recommend the Teams tier instead. On the other hand, if you’re in charge of a larger organization, you’d be wise to upgrade to the Enterprise plan.

Option 1: Free

Besides granting you access to a password vault with unlimited password storage, LastPass free offers something known as the Security Challenge.

A unique feature, the Security Challenge audits your accounts and points out old, weak, and compromised passwords.

  • Clean interface
  • Password generator
  • Autofill
  • 2-step verification
  • Device syncing

  • No emergency access
  • Customer support isn’t great

Option 2: Premium

By upgrading to LastPass premium ($36 a year), you’re unlocking superior features, such as 1 gigabyte of encrypted data storage and emergency access.

The latter is especially useful and allows you to give your loved ones access to your account in case of a crisis.

  • 30-day free trial
  • Priority tech support
  • Advanced multi-factor authentication options

  • Can’t batch-change weak passwords
  • Chat and phone support non-existent
  • No refund policy

Option 3: Families

LastPass Families price plan, which comes in at $48 annually, is pretty much identical to the Premium plan.

The only difference? Instead of getting a single personal vault, you’re getting six, one for each member of your family.

  • Great value for a relatively low price
  • Administrative dashboard and shared folders
  • 30-day free trial

  • Outdated customer service
  • Can’t modify permissions

Option 4: Teams

LastPass Teams costs $48 annually per user. Its features include a private vault for each employee, shared folders, and admin portal with basic reporting and user access control.

  • 14-day free trial
  • 5 – 50 users
  • Simple onboarding process

  • Lacks advanced features like in-depth reporting
  • Poor customer service

Option 5: Enterprise

In addition to standard password management capabilities, LastPass Enterprise plan boasts single-sign-on (SSO) technology with a catalog of more than 1,000 pre-integrated apps.

Other features, such as in-depth reporting and more than 100 customizable policies are a nice bonus, although you kind of expect them at $72 per user a year.

  • 14-day free trial
  • 5+ users
  • Group management

  • Expensive when adding a large team
  • Lengthy checkout process

Option 6: Identity

The innovative LastPass Identity ($96 a year per user) is a combination of Enterprise plan and a useful MFA add-on (which costs $36 annually per user if purchased on its own).

In other words, this plan unifies access and authentication.

  • 14-day free trial
  • Extensive integrations including cloud
  • Easy log-in with Active Directory credentials

  • Complex purchasing procedure
  • Costly

Overall, LastPass compares well to other password managers. It’s cheaper than Dashlane, for example. However, Dashlane offers superior features such as VPN protection and chat support.

And even though LastPass premium is more or less the same price as 1Password, the former offers more affordable family and business plans.

Free vs. Paid PMs

While LastPass’ free plan is pretty decent, its lack of advanced features could be putting you in grave danger.

Unlike the paid plans, the free version doesn’t offer multi-factor authentication, nor does it give users access to priority customer support.

Perhaps most worryingly, the free version doesn’t have emergency access. If the unexpected (or the inevitable) occurred, your loved ones would have no way of getting their hands on your confidential information.

Considering that LastPass pricing is more than fair, we’d recommend that everyone opt for a paid version.

Bottom Line

LastPass pricing remains reasonable even with the continuous price hikes. Indeed, its relatively low cost combined with its reliable features means that it continually comes out on top.

The only drawback is LastPass’ mixed security track record. That being said, the service uses AES-256 bit encryption and has always been transparent about its security breaches.

About the Author

Laura
Laura

Byline: Laura is a freelance writer and tech enthusiast. She has never used 123456 as her password.

Transparency and Trust – We pride ourselves on being the only site where users can freely contribute and share their reviews on any antivirus with other community members. When you visit an antivirus site we link to, we sometimes get affiliate commissions that support our work. Read more about how we operate.