Identity theft is the most rapidly growing crime in the United States. The Federal Trade Commission (FTC) estimates that around nine million Americans will have their identity stolen per year. Identity theft is severe and scary, and when this issue is knocking on your door, it can become overwhelming. Will your bank, lenders, and insurance company help protect you?

Many lenders, creditors, and insurance corporations do offer some variety identity theft protection for purchase. But, the trouble with ID theft insurance is that you may not get enough bang for your buck. Purchasing the insurance is relatively inexpensive, typically twenty to one hundred dollars per year, but if your policy is no good, the low price is meaningless.