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By Susie Poppick
October 8, 2015
David Paul Morris—Bloomberg via Getty Images

Customers still eligible for Verizon’s unlimited data plan will now have to pay $59.99 a month per line, according to The Verge.

Only a fraction of a percentage of the telecom giant’s customer base is grandfathered in for unlimited data, but for those who remain, the new $20 price increase is significant. Once you factor in additional charges for texting and phone calls, the monthly bill for one line can cost more than $120.

The price hike begins in November and affects people whose two-year contracts have run out—so now might be a good time to decide just how much you care about, say, streaming or sending video when you’re far from a WiFi hotspot.

Because of the rise in video and audio streaming (among other data-intensive activities), Verizon and rival AT&T have been trying to phase out their unlimited data plans for a while, and both companies have acknowledged slowing down data for heavy users.

It’s true that mobile plan underdogs Sprint and T-Mobile currently offer unlimited plans for anyone: Sprint’s plan now costs $70 per month, and T-Mobile’s is $80. But studies of network performance have shown that customers using the smaller networks are less satisfied and experience slower speeds.

One piece of good news? Government and corporate Verizon accounts are exempt from the price hike.

Read Next: Here’s How to Figure Out How Much Cellphone Data You Need

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

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