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Verizon Introduces New Simplified Plans That Might Actually Save You Money, Gets Rid Of Contracts

Verizon Introduces New Simplified Plans That Might Actually Save You Money, Gets Rid Of Contracts

Believe it or not, it’s actually happening. Verizon just got rid of 2-year contracts. With their just announced new plans, the carrier is offering new data packages which are actually not too bad of a deal and they’re also completely removing subsidies on all devices. From this point forward, Verizon customers will either have to buy new phones on a monthly installment plan or at full  retail price. While some may see that as a bad thing, it’s actually not. Slowly but surely all major carriers have been pushing their installment plans more than contracts, but it’s surprising to see Verizon get rid of them entirely.

While the end of contracts being the big news, it’s not the only thing Verizon announced today. The carrier has also introduced a new, very straightforward layout for their data plans. Every smartphone customer will start off with a flat, $20 access fee for each smartphone. Each line comes with unlimited talk and text as well. After that, you’ll add on extra money for the amount of data the collected lines on your account will need. Verizon will be offering small, medium, large, and extra-large packages. I’ve split up the prices and amount for each package below.

  • Small: $30/month for 1GB shared data
  • Medium: $45/month for 3GB shared data
  • Large: $60/month for 6GB shared data
  • Extra Large: $80/month for 12GB shared data

There is still no unlimited tier, but you can talk with Verizon if you need more than 12GB of data per month. Data overages are $15 per GB over the allotted amount. Tablet and mobile hotspot lines are $10 per line for access and connected device lines (i.e. Gear S) are $5 per month. Current Verizon customers on the More Everything plan are free to stay on their plans until their contracts end.

The new plans are available starting August 13th.

Press Release

S – M – L – XL: Choose the Right Size on the Nation’s Best 4G LTE Network

August 7, 2015

Verizon Simplifies Data Choices to Match Customer Lifestyles

NEW YORK – Shopping shouldn’t be complicated. That’s why so many things in our lives come in familiar sizes, from small to XL. Whether it’s your morning coffee, your favorite t-shirt, or even how many scoops you’d like on an ice cream cone, those are common options we know and understand.

Verizon is now making it just-that-easy for customers to choose wireless service on the nation’s best 4G LTE network.

Beginning August 13, our newest plan will offer four easy sizes of data to match how you use wireless service. The new data options come in sizes just like other things you buy:

  • Small: $30/month for 1GB of shareable data
  • Medium: $45/month for 3GB of shareable data
  • Large: $60/month for 6GB of shareable data
  • X-Large: $80/month for 12GB of shareable data

And, each size comes with unlimited talk and text, with extra data for just $15 per GB. Customers who need even more data can talk with their Verizon Wireless representative for more details.

“Choosing a wireless plan is now easier than ever. You said you don’t want to have to do a lot of math to figure out your best options, and we heard you,” said Rob Miller, vice-president of consumer pricing for Verizon Wireless. “So a plan with small, medium, large and x-large choices makes sense for the way people actually use their wireless service.”

Plan Access Plus Line Access Plus Equipment Equals a Great Experience

Verizon is further simplifying by streamlining monthly line-access charges. On the new plan, every smartphone line is $20 per month, tablet and Jetpack lines are $10 per month, and connected device lines for devices like smart watches are $5 per month, all the time. Customers always get the best options and don’t have to hunt for – and calculate – special discounts to get the best prices. And the S-M-L and XL data options can be shared among up to 10 devices.

All new customers, and existing customers who want to move to the new plan, will buy or upgrade to new smartphones using Verizon’s device payment option, formerly known as Verizon Edge, or by paying the retail price.

“We were the first to introduce shared data plans more than three years ago, and our S-M-L-XL options build on that success using the insights our customers have provided since then. If you send just a few emails and watch your Facebook friends a little, that’s a Small. If your whole family is watching video clips all the time, we’ll serve up an XL,” Miller added.

Over the next few months, Verizon customers will also see a simpler and more streamlined bill, making it easier to see and understand monthly charges.

About The Author

Ben Schoon

Ben is a tech geek who co-founded YourTechExplained in 2016. Constantly switching between devices that literally surround him, he can be found reviewing the latest smartphones around the web.