Verizon Jumps Into Price Wars with Lower Cost Data

Verizon customers will have the option to stay with their current data plans and save money, or upgrade and stay at the same price point.

Verizon Jumps Into Price Wars with Lower Cost Data Photo (cc) by JeepersMedia

If you’re a Verizon customer, there’s a good chance your bill is about to get cheaper.

The wireless giant is reducing the price of most of its monthly data plans by $10. DSLReports said:

Verizon’s 1, 2, 3, 4 and 6GB shared data plans are all dropping $10 a month to $30, $40, $50, $60 and $70 per month, respectively. The company’s 8GB shared data plan is dropping $5 a month, from $90 to $85. Verizon’s also offering a 500MB plan for $20 a month.

Another way to look at it is you’re getting an extra 1GB of data for the same price you’re already paying for your monthly data plan.

Verizon also announced it’s adding 12GB, 14GB and 16GB options for its “customers with greater appetites for data and all that it enables, like streaming video or sharing large files.”

As the one carrier that’s been the most reluctant to engage in the wireless price war with other carriers, Verizon appears to be making a course change.

“As recently as last month’s earnings call, CFO Fran Shammo downplayed interest in engaging in a price war, saying, ‘There’s going to be certain customers who leave us for price, and we are just not going to compete with that because it doesn’t make financial sense for us to do that,'” Re/code said.

It’s important to note that you need to visit the MyVerizon website and opt in for one of the new plans in order to save $10 or use the cuts to get more data. The change doesn’t happen automatically.

Are you a Verizon customer? Will you elect to save the $10 or pay the same amount and get more data with your plan? Share your comments below or on our Facebook page.

Beyond the traditional carriers, there are ways to get cellphone service for free. Find out how in this video:

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