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In a world where subscription fees for software products can start to add up, it can be hard to justify paying for the premium version of popular free software. After all, the free version of LastPass is already a top-rated product.
However, there are many things to consider when comparing LastPass Free vs. Premium. At the beginning of 2021, LastPass put some new restrictions on their free offering, making Premium access more appealing for many users. Forbes Advisor has compiled a list of the different features in both the free and paid versions of LastPass so you can determine which is the best fit for you.
Editor note: Since this article was published, Last Pass has confirmed that it had been breached and users’ password vaults were compromised in August 2022. A class action lawsuit was filed in January 2023 for “failure to exercise reasonable care in securing and safeguarding highly sensitive consumer data.” This is a red flag worth investigating and possibly taking action. LastPass recommends changing passwords and remaining alert for phishing scams. For more details visit the LastPass blog and learn more about how to share passwords safely.
Frequently Asked Questions (FAQs)
What’s the best password manager?
Several factors go into selecting the best password manager for your specific budget and needs, which is why we created this guide to the best password managers. We considered many aspects when creating the guide, including pricing, ease of use, security, features and functionality.
What if I forget my master password?
With a “zero knowledge” policy, some password managers will find it difficult or impossible to recover your account if you forget your master login credentials. Be sure to understand any necessary steps you would have to take before signing up.
Are there advantages to paid password managers compared to free password managers?
Free password managers offer basic features but may not offer all of the features you are seeking. If so, you should upgrade to a paid version. Most of the password managers on our list offer free trials, so you can try out the one that has the features you want or need before committing to a subscription plan.
Can password managers be hacked?
It is extremely rare for a password manager to get hacked as information is carefully stored and encrypted. The best way to avoid a hack is to not share your account information and periodically update your master password.