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A new Verizon price hike is here: Who's affected and by how much?
Published onJanuary 17, 2025

- Verizon is raising prices on its family plans with five or more lines.
- The discount per line is dropping by $3 per line, meaning you’ll pay at least $15 more a month for five lines or even more for those with larger accounts than this.
- Those holding older S, M, L, XL, and XXL “New Verizon Plan” plans will also see big increases.
Update: January 17, 2025 (12:17 AM ET): Verizon has started emailing customers to inform them about price increases coming to “myPlan” and “New Verizon Plan” packages.
As expected, myPlan customers with five or more lines will see a reduced discount per line, with prices going up by $3/month per line. That means customers will end up paying at least $15 more a month for five lines or even more if they have larger accounts than this. The carrier’s email reads as follows:
Thanks for being a loyal Verizon customer. We’re proud to provide you with the network that connects you to what matters most. In order to continue bringing you the best mobile experience, we’re adjusting our plan prices. No sooner than 2.20.25, our myPlan multi-line discount for accounts with 5 or more lines will be reduced. This means the price for the myPlan lines below will increase by $3/mo per line.
Additionally, If you’re on the “New Verizon Plan” with options ranging from S, M, L, XL, to XXL, be prepared for a price hike starting February 20, 2025. Single-line accounts will see a $4/month increase as an access fee, while multi-line shared plans will experience an additional $15/month access fee. Additionally, Verizon is raising its data overage charge from $15 per GB to $20 per GB. Verizon explains these changes here on its website.
Original article: January 16, 2025 (9:50 AM ET): The big three carriers have been continually raising prices at every turn over the last few years but as time has gone on I’ve noticed a shift. Although the company’s postpaid plans didn’t directly make many changes in the last half of 2024, Big Red raised prices for legacy customers, increased its administration fee, and made other tweaks that effectively allowed it to raise prices without having to advertise it so openly. It seems this trend will continue in 2025, as a new rumor claims Verizon is going after accounts with five or more lines.
According to an alleged Verizon supervisor commenting via Reddit, Verizon myPlan rates will be going up for those with five or more lines, reducing the multi-line discount down to the same as you’d get with a four-line plan. This effectively raises each line by $3, which means at least $15 more a month in total for those with larger family plans. If the report proves accurate, the change will go into effect on February 20.
Is it time to jump ship and consider prepaid?
As pricing continues to increase on the postpaid side, the good news is there are a number of solid alternatives that run on Verizon’s network and will cost you less. Visible (Sign up now!) is actually owned by Verizon but it is one of my favorite providers overall. I recently wrote about how it compares to Verizon’s network in detail.
Does Verizon's latest price hike tempt you to finally switch to prepaid?
Total Wireless (Sign up now!) is also owned by Verizon and is a decent option, though there has been some recent issues with Disney Plus billing and other problems that make me slightly more weary. Lastly, for those who want another option that isn’t owned by the carrier itself, US Mobile (Sign up now!) runs on Verizon, AT&T, or T-Mobile’s network and provides an excellent value.