Verizon Price Increase: What It Means for Your Phone Bill

Verizon customers are facing another round of price changes despite the company’s three-year price lock guarantee. While the price lock prevents direct changes to your plan cost, Verizon is increasing several fees and charges that could make your monthly bill higher. This has raised questions among subscribers about how these updates affect them and whether switching plans could help reduce the impact.

Verizon price increase and new fee adjustments

Starting September 1st, Verizon will implement new fee adjustments that will affect most customers. The company is raising its Administrative and Telco Recovery Charge by 28 cents to $3.78 per voice line, while data-only plans could see a jump to $3.97 per line. The Regulatory Charge, which covers various government-related costs, will increase from 19 cents to 21 cents per voice line. These small increases might seem minor individually, but they can add up for households with multiple lines.

Device activation and data plan fees also on the rise

Beyond the line charges, Verizon has quietly raised the cost of its device activation fee from $35 to $40. Reports also indicate that tablet data plans may see an additional $5 per month increase. These updates reflect Verizon’s approach of adjusting secondary fees instead of base plan rates, which technically keeps the “price lock” intact but still results in higher monthly bills for many subscribers.

How Verizon customers can manage the price increase

For customers looking to reduce the impact of these changes, reviewing your current plan and usage is key. Switching to a myPlan subscription may help ensure you qualify for Verizon’s price-lock benefits, but comparing features with competitors can also reveal potential savings. Additionally, keeping track of these incremental fees ensures there are no surprises on your bill and helps you decide if a plan adjustment or a switch to another carrier is worth considering.