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What Password Manager is the Most Cost Effective between Bitwarden, 1Password vs KeePass?

Bitwarden, 1Password and KeePass are among the best and most secure password managers available for businesses to add to their cybersecurity suite.

Deciding which one is the most cost effective for your business will depend on a lot of different factors, including the amount of money you have in your budget, the level of security you need, the number of users that require use of the password manager, and many other considerations.

When you begin your research you should soon see that a strong password manager will have all the features you require at a price you can justify spending, but deciding on the best solution for your business can be time consuming. In order to help you make the right decision, our team of experts have compared all three solutions by reviewing the pricing policies and the number of users included in each subscription level. We hope this will save you time in your search.

1Password is a paid tool and the amount that you have to spend will vary depending on the type of account you require. Other factors that will have a cost impact are the frequency of payments that you choose – monthly payment or a one-year subscription. For a 1Password individual account you will pay $3.99 per month, but there is a $1 per month saving if you commit to a year – The price drops to $2.99 with annual billing.

Family memberships are $6.99 monthly or $4.99 if you opt to pay annually. Team accounts only come with an annual payment option and cost $3.99 per month. There is a limit of 5 users with 1Password team accounts. The Enterprise version will cost your business $3 per user, per month, and annual billing is the only payment plan available. 

Bitwarden has an advantage over 1Password when it comes to cost. Due to the fact that it is an open-source security solution, the source code is free for everyone to use. There is the option to host it on your own server for an additional level of security. For the basic features, such as syncing across unlimited devices and storage of unlimited items in your vault, there is no cost. Premium features include priority customer support and 1GB of encrypted file storage, which costs $10 annually.
A family subscription account costs just $1 monthly for a maximum of five users. Bitwarden also has a cost effective membership tier for businesses, with prices varying from free for two users to $3 per user, per month.
Finally, regardless of what option you decide to add to your security suite, KeePass is free for either Version 1 or Version 2. This is a very attractive option for those who are working with a very tight budget for security. However, it must be taken into account that there are a number of reasons for this. The features you get are far lower than Bitwarden and 1Password, KeePass is far less user friendly, and customer support at KeePass is not as dependable as 1Password and Bitwarden. If you are Tech-savvy, KeePass could be the answer; however, the free version of Bitwarden takes some beating.

Author: Patrick Kennedy

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