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
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- Outdated customer service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.
The free plan lacks features like multi-factor authentication and priority customer support.
Most concerning is that the free version doesn’t include emergency access. If something unexpected happens, your loved ones won’t be able to access 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.
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