It won’t be an exaggeration to say that the internet has become as important as food, water, shelter, or any other basic commodity these days. You need the internet for carrying out almost any of your major tasks on a personal and professional level. You also rely on the internet to satisfy your entertainment needs. No doubt you might trust your Spectrum channel line-up for providing all sorts of never-ending entertainment, but if you are already on the streaming service bandwagon, it cannot function without a high-speed internet connection either. Knowing that everyone needs a seamless internet connection, the question arises how much should you be paying for it? Since so many internet service providers offering different packages or bundles offers at varying prices surround us. So let us find out how much should your internet cost for what speeds and is there a way to save some money? Let’s find out!
A Fast internet Connection
As per FCC, a high-speed internet connection or broadband is the one that stays on and has better speeds as compared to a dial-up connection. As we know that there are mainly four types of internet connection types including cable, DSL, satellite, and fiber optic internet.
The expected speeds of these various internet types include:
- DSL Internet: 1 to 80 Mbps
- Cable Internet: 10 to 200 Mbps
- Fiber optic Internet: 25 to 100 Mbps
- Satellite Internet: 10 to 25 Mbps
Average Cost of Different Internet Types
Here is a look at the average price per month for these various internet types:
- Cable Internet: It can cost up to 60 dollars per month.
- DSL internet: It might cost around $40 per month
- Satellite Internet: You will have to pay around 90 dollars per month.
- Fiber Optic Internet: It can charge up to 65 dollars per month.
Factors Involved In Internet Cost
Let us also have a look at the factors that affect the internet cost:
Many internet service providers charge for around $10 for the equipment they provide. This mainly includes the router and modem.
The installation or activation charges might cost $10 to $20. Some companies waive this installation fee.
Late Payment Fee
In case your bill payments are late, you might be charged an additional $10 to $20 as a penalty for late fee submission.
Early Termination Fee
In case you have signed a contract with your internet service provider, you are usually charged an early termination fee if you decide to exit the contract and quit the provider at any time before the contract ends. The cancellation fee might also depend on the number of months left before contract completion. It could be $10 to $15 for each month left in the contract.
How much Should the Internet Cost?
Being an American, you should pay $80 per month on average. Fiber optic internet being a newer technology can be more expensive because of the blazing fast speeds it offers. Cable internet cost less than fiber internet but often more than satellite and DSL internet. Your choice of internet provider and plan also impacts the monthly internet cost that you will be paying and the quality of service you will be receiving.
How can your Lower Your Internet Cost?
Here are some quick tips to lower your internet cost per month:
It is always better to talk to your provider and negotiate for discounts or lower prices. With some good communication skills and basic research on what competitors are offering in the market, you might be able to lower down your internet cable bill.
- Purchasing your Equipment
To avoid paying the rental charges, you can buy your modem and router.
- Selecting a Moderate Speed Plan
The higher the speed, the bigger the cost. You can choose a moderate speed to save money.
- Switching your Provider Annually
You can gain discount offers and make the most out of promotional offers by switching your internet service provider annually.
The Bottom Line
The aforementioned discussion gives a clear overview of the internet types, speeds, and costs you can expect every month on an average basis. You can follow these above-mentioned tips to lower the cost of your internet bill further.