Two weeks into the new year, Verizon is planning to raise prices on some of its plans. Those affected include select plans with five or more lines as well as those still using the no-longer-available New Verizon Plan options.
While these plan price hikes may not affect the majority of Verizon users, it still reduces affordability for customers trying to keep prices down. In February, customers on the current myPlan accounts with five or more lines will see a monthly $3 per line increase in their bill as early as Feb. 20, as Droid Life first reported.
Also, customers who were locked in to the no-longer-available New Verizon Plan in any of the S, M, L, XL and XXL varieties will see their single phone line rates go up $4 per line per month. Those with multi-phone line accounts will have rates increase by $15 per month, while data overage fees will also increase from $15 to $20 per gigabyte, according to a Verizon support page.
“We can confirm we’ve adjusted pricing on some mobile plans for select customers,” the carrier said in a statement. “Verizon is committed to delivering unparalleled network reliability, experiences and choices our customers love and expect. These price adjustments allow us to continue to provide our customers top-tier products and services, with a focus on ultra-reliable connectivity.”
Verizon had increased one of its ancillary monthly fees, the Administrative and Telco Recovery Charge, by 20 cents per line last month, up to $3.50 per voice line for phones, or $1.60 per data line for tablets and hotspots.
Carriers hiked prices of different plans and fees last year. In January 2024, AT&T increased its unlimited plans by 99 cents per line, followed by Verizon raising prices for some older unlimited plans in March and T-Mobile upping rates on older plans in June. The latter two efforts by Verizon and T-Mobile included messaging to nudge those with older plans to upgrade to currently available ones.
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