Verizon Communications Inc. (NYSE:VZ) recently changed the game by offering shared data plans for families and small groups. The premise of the plan is a good one: you pay one low price and everyone can share the same unlimited talk and data plan. The main problem: heavy data users will end up paying more when they go over the limit. Fortunately, Verizon has a ‘secret menu’ of shared data plans, which let you get a little more for a premium price.
Brenda Raney, spokeswoman for Verizon Communications Inc. (NYSE:VZ), explained to Computerworld that the company has five more tiers that go beyond the 10 GB limit at the top, as seen on the official Verizon website. These plans are available exclusively in store or on the phone. The options range from 12GB at $110 to 20GB at $150. There is one catch though, you have to agree to the limit in advance, before you spend all the data or you might end up paying an extra $150.
It’s good to know that Verizon has more shared data plans available for those who need it, but the price for these plans is still a little higher than most people want to pay. Furthermore, if one or more users go through the data within a month, they’re forced to pay high a high overage fee. Since most smartphones feature WiFi connectors, it’s probably best to turn on WiFi whenever possible, as that will save money.
Verizon is notorious for overcharging their customers, so this recent price hike is really no surprise. If families and small groups are looking for a low-priced data plan, and don’t plan to use data on a regular basis(or they know where they can get good WiFi), Verizon Communications Inc. (NYSE:VZ) might just be the carrier to go with. If you’re shopping for a carrier that offers more for less, you’re better off looking elsewhere.