How do Verizon's new rates stack against the competition?
Verizon added some tiers of data pools for individuals and families. Also added was extra cloud storage (25GB) and unlimited international messaging. Verizon also provides discounts for lines of service where the devices were purchased using Verizon Edge, the company’s upgrade program.
As with any “new” plan, it is worth doing a bit of research and comparison work to see which carrier is driving the best value for the money. Verizon’s plans most closely mirror the plan structure of AT&T. T-Mobile and Sprint rate plans are distinct amongst themselves.
Comparing these new rates means that we have to clarify some of the scenarios we examined. T-Mobile does not have as many tiers of data and Sprint’s only financially comparable option is, “unlimited.” We also did not account for equipment costs since Sprint retired its One Up program in January (two-year contracts are the only option) and the differences between the other three carriers’ installment plans are not that big. However, since AT&T and Verizon’s plan pricing discounts are based on either installment plans or no-contract for equipment, we built these plans based on whichever provided the most advantageous pricing. We also did not account for taxes, activation or upgrade fees.
Just as we did in December, we picked a few different scenarios to compare. Since these new plans are centered around smartphones, we kept these comparisons focused on smartphones:
- Individual smartphone with 2GB of data
- Two smartphones sharing 6GB of data
- Four smartphones sharing 10GB of data
- Five smartphones sharing 20GB of data
With the formalities out of the way, turn the page and we will see if Big Red is getting in the mix of things.
1. Droid_X_Doug (Posts: 5926; Member since: 22 Dec 2010)
Personally, the new tier of 3 Gb is a better fit. There have been times where I have exceeded 2 Gb/month. 4 Gb was more a matter of insurance against getting tagged with overcharges than it was based on actually using anywhere near 4 Gb. 3 Gb fits my usage pattern much closer and I save $10 each month. Without Legere & T-Mo mixing it up, I would be stuck on a 4 Gb plan, so Legere has basically 'given' me an extra $120/year that I didn't have before.
18. BRYLYNT (Posts: 29; Member since: 09 Nov 2013)
agreed, t-mobile is shaking things up. Competition means better value for us.
2. cripton805 (Posts: 980; Member since: 18 Mar 2012)
The cheaper carriers starts to shine with more than 1 phone.
28. javac (Posts: 102; Member since: 04 Mar 2013)
This is completely misleading. T-Mobile you also have to pay for the phones. So if you want a decent phone on the 2Gb plan it will cost you equal to or more than what the other carriers are charging. The same goes for having more phones on the plan.
3. tuminatr (Posts: 687; Member since: 23 Feb 2009)
my only critique is you should have used sprints Framley plan not the unlimited to compare the lower data tears
4. Maxwell.R (Posts: 171; Member since: 20 Sep 2012)
The Framily plan only allots 1GB of data per line.
5. alexbword (Posts: 4; Member since: 13 Feb 2014)
The Framily plan actually has 3 tiers of data. 1GB included in the base price, 3GB for a $10 add on, and $20 for unlimited data and yearly upgrades.
This comparison should of definitely used the Family plan instead of the Unlimited, My Way. I'm sure that plan will be disappearing soon.
10. tuminatr (Posts: 687; Member since: 23 Feb 2009)
I would bet the reason why they didn't is the "shareing" of data that sprints plan does not do.
29. Caralho (Posts: 119; Member since: 18 Jun 2012)
Except that Sprint's data is a joke!!! I just switched to Verizon. I will pay a little extra, but compared to Sprint's "unlimited" data that you can't really use because it's way too slow, I'm all good.
12. Maxwell.R (Posts: 171; Member since: 20 Sep 2012)
I stand corrected. However, Framily does not appear to be available everywhere at this time. It is not available to order on the company web-site at this time either. Assuming Sprint keeps Framily, once it is widely available, it will be worth another comparison.
14. alexbword (Posts: 4; Member since: 13 Feb 2014)
The framily plans are available at all Corporate sprint stores and preferred retailers. You can not order the framily plan on the website, because on the family plan installment billing or full retail purchase of phones are the only options for new lines and upgrading. Box stores may eventually get these plans, but as customers who had unlimited data on Verizon can probably attest to; box stores have a tendency to mess things up.
16. Libra1985 (Posts: 47; Member since: 26 Feb 2011)
www.sprint.com/framily………..ront page of their standard website….. Sprint does have an installment plan it's called easy pay….. Sprint One Up program was renamed to Easy Pay…...
20. NexusPhan (Posts: 529; Member since: 11 Jul 2013)
@Libera1985 I get a 404 error when I try to go to that website. It doesn't exist in all areas. Mine being one of them apparently.
6. tuminatr (Posts: 687; Member since: 23 Feb 2009)
for instance the 6gb tier framily 2 lines ($45 each) data (3gb each +10 each unlimited +20 each) so that makes it 2 phones 6gb data $110 on sprint and 2 lines unlimited data $130 on sprint
8. networkdood (Posts: 6311; Member since: 31 Mar 2010)
T Mo is the best overall - so glad I switched to them - I get 12 megs here in central cali and that is not even with full 4G LTE coverage. Also, with T mobile, you can switch to a prepaid plan that includes 5GB of 4G LTE data, unl msgs and some talk, or even chose a plan with less data and more talk, for 30.00 a month.
13. Shinydesert (Posts: 61; Member since: 17 Nov 2011)
Very happy here with AT&T. Two lines with unlimited text, talk and 10gb mobile share data for $130.
17. BRYLYNT (Posts: 29; Member since: 09 Nov 2013)
Maybe its just in my area or something but per line cost for verizon here is $40/month. So the cost for 6GB shared between two devices here is actually $160/month which makes it the highest of all of the carriers.
19. youlookfoolish (Posts: 128; Member since: 14 Dec 2012)
Horrible, lazy article.
Sprint Family is pound for pound with T-Mobile on value and available at most brick and mortar stores. It's been advertised heavily and allowes tiered data and installment billing. It's simply not on their primary website or in Best Buys or RadioShack which are the worst ways to buy phones in my opinion.
The level or training and flexibility at brick and mortars are light years better, they have much more inventory, and offer more choices rather than flagship only models like national retailers. Framily is another example of that.
Shop on the web or at Best Buy and you pay no lower than $200 for the Note 3. Sign a two year contract. And get stuck with inflexible rate plans. At a good store? $0 down Note 3 with a plan that will run $55-$25 before installment.
Game over man, game over.
This article stinks more than the RadioShack who will sell you a possibly used phone and then send you to a good preferred retailer to transfer your information. Rewrite!
21. jrcoakley83 (Posts: 1; Member since: 14 Feb 2014)
I think the article should have used Sprint Framily for a better comparison. But I was able to calculate this using Sprint Framily plans below:
One smartphone and 2 GB of data: $60 (had to use 3 GB of data)
Two smartphones sharing 6 GB of data: $120
Four smartphones sharing 10 GB of data: $200 (had to use 3 GB of data for each line so really 12 GB of data in total)
Five smartphones sharing 20 GB of data: $275 (used unlimited data)
T-Mobile would still be the cheapest of the carriers even though Sprint and T-Mobile are identical with the first option.
23. Jason78 (Posts: 70; Member since: 10 Apr 2013)
AT&T Aio Wireless $50 Smart plan. Unlimited Talk / Text + 2.5GB of data for $45 per month if you do autopay. That $45 cost includes all taxes and fees. Saving $35 (more likely $45 including taxes on the postpaid AT&T plan) pays for a phone very quickly.
AT&T Mobile Share ($90 x 24 + $200 for phone = $2360 for a two year contract
Aio Wireless $50 Smart ($45 x 24 + $650 for phone = $1730 for two years NO contract required.
Who doesn't want to save $315 per year?
26. corporateJP (Posts: 1772; Member since: 28 Nov 2009)
AIO's new plans kill it with the autopay discount.
Better coverage and priority over Straight Talk and other MVNOs on AT&T's network plus the data is unlimited (albeit throttled after hitting the soft cap).
I used to laugh at prepaid, but now, I do the exact opposite.
24. wkm001 (Posts: 57; Member since: 04 Feb 2014)
I understand all of this is getting much more complex rather than simple. But I think you made a few key errors and you aren't comparing apples to apples.
- 1 phone with 2GB of data:
Verizon requires that you be on the Edge program to get the discounted pricing. The cheapest phone I would be willing to purchase from Verizon is the Moto X at $16.81 a month. Although the Droid RAZR M is available for $12.72. So the price on this one for Verizon is at least $92.72
Verizon does require that you make at least 3 Edge payments before paying the phone off. Making the reduced monthly access fee seem real. AT&T's pricing is for bring your own phone and their payment plan.
If you buy the 16GB Moto X from Verizon on the Edge program you spend $403.44. You can get the 32GB developer edition Moto X from Motorola for $379...
- 2 phones with 6GB of data:
For $130 you can also get 10GB of data on AT&T
The Verizon Pricing is only good if you are on the Edge program. Using the RAZR M again, $12.72 * 2 + $140 = $165.44
- 4 phones with 10GB of data:
The Verizon Pricing is only good if you are on the Edge program. Using the RAZR M again, $12.72 * 4 + $180 = $230.88
- 5 phones with 20GB of data:
The Verizon Pricing is only good if you are on the Edge program. Using the RAZR M again, $12.72 * 5 + $250 = $313.60
25. wkm001 (Posts: 57; Member since: 04 Feb 2014)
One item to clarify. If you pay your phone off early in the Edge program you no longer get the smart phone monthly access discount. Because you technically wouldn't be in the Edge program. :-(
So, why is Verizon trying to keep your montly payments so high?
27. dukofwinzr (Posts: 1; Member since: 14 Feb 2014)
On a two year contract with Verizon with the More Everything Plan and 10 GB
-4 smartphones @ $40 ea = $160
10 GB Data = $100
Total = $260