Last updated: 21 September 2026. I checked every Monzo figure and every comparison price on this page that day.
By Stiv · Design, technology and personal finance
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This is not financial advice, and CoolCuration is not authorised by the Financial Conduct Authority (FCA), the UK's financial regulator. I pay for Perks and have never held Max. So the verdict below is arithmetic from Monzo's own plan pages, its three policy booklets and published prices, rather than a year of living with the plan.
Opening a Monzo account first?
Every Monzo plan sits on top of a Monzo current account. My referral page has the live offer and the steps to claim it.
Worth it if you would buy two of the three policies anyway
Is Monzo Max worth it? Only if you would otherwise pay for at least two of the three insurance policies it bundles. Max costs £10 a month more than Perks, which comes to £120 a year. For that, it adds worldwide travel insurance, worldwide phone insurance and UK and Europe breakdown cover. I priced standalone versions of all three and they came to £290.66 a year. A household that needs all three therefore comes out well ahead. By contrast, someone who needs only one of them does not.
Still weighing up the Monzo range? My Monzo guides hub collects the lot, including the price rise, the Perks verdict and the Perks vs Max comparison.
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