Verizon Wireless Prepaid
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Verizon Wireless recently announced their $45 prepaid unlimited talk, text, and 3GB 4G LTE data plan and I love it!
I have been a Verizon Wireless customer – for a long time, I was a post paid customer. When the prepaid market started taking off, I switched to Verizon Wireless prepaid and saved a lot of money.
Let us look at the top reasons people switch cell phone carriers, the reason why I am a Verizon Wireless prepaid customer, and see if switching to Verizon Wireless Prepaid is something you might want to consider.
Top Reason People Switch Cell Phone Carriers
Among many, the most common reasons why people switch cell phone carriers are:
# 1 Dropped calls or poor network
#2 Cost of the cell phone plan
#3 Discounted pricing on a new smartphone when you sign up for a new contract.
Verizon Wireless Prepaid
As I mentioned before, I switched from being a post paid to a prepaid Verizon Wireless customer to reduce monthly cost of the plan.
Basically, I was getting the same amount of talk, text, and data at a lower price point by going prepaid.
I am going to very briefly explore my thought process and why I chose to go the prepaid route.
When it comes to network quality and coverage, you don’t need me to tell you that Verizon Wireless is the best in class.
Having good coverage is a high priority for me. I use my phone heavily for work and it is all the more crucial for me to be reachable by customers.
Secondly, over the years, I have traveled to lot a of places including remote camping sites. I was able to make and receive calls from these places with Verizon Wireless.
Going from a post paid to a prepaid customer, I didn’t notice any difference in the quality of service I received.
Clearly Verizon wins here.
Verizon Wireless Prepaid Cell Phone Plans
Historically, if there is one thing, Verzion Wireless has been pricey!
However, fierce competition in the cell phone space have driven prices down for consumers! Thanks to competition in this space.
Given all the price wars, Verizon Wireless Prepaid plans are very aggressively priced. Honestly, it is steal for the quality of service you receive. Below is a snapshot of the current Verizon Wireless Prepaid plans:
Image Courtesy: Verizon Wireless (with Wifi only plan, you cannot purchase any data bundles)
In my case, I am on the $45 plan and my monthly bill comes to $48.xx including all taxes and fees.
The benefit of going prepaid is that you will not have to deal with overage charges. If you consume all your data, your data will not work until purchase more data.
This is a good thing. In my case, sometimes, I do run out of data. I call customer service and ask more for free. Given that I have been a loyal customer for a long time, they have given me extra free data on some occasions to carry me through the month.
Cost of Smart Phone
You might be thinking that if you sign a two year contract, you would get a smartphone at discounted pricing. I would like to share a quote from my friend – “There is no such a thing as a free lunch without a mouse trap.”
It is very true in this case. Cell phone companies need to make money. They need to recoup the cost of the smartphone one way or the other.
Here is where you need to do a little bit of cost analysis –
Over a 24 month period, calculate how much your post paid plan is going to cost you with discounted pricing on the phone.
For prepaid, do the same calculation for the 24 month period and include the retail price of the smartphone.
Then you can choose whichever one costs lower.
I paid full retail price for my iPhone 5S and I am on the $45 prepaid unlimited talk, text, and 3GB 4G LTE data plan. Based on my calculations, Verizon Wireless Prepaid was the most cost effective for me.
What cell phone carrier are you with? Are you post paid or a prepaid customer?