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Cable bills are one of the most expensive monthly bills for most people, but it also presents an opportunity to save money.
By taking a look at your monthly bill and finding out what you’re really paying, you might be surprised at the areas you can save.
If you’re a Verizon Fios customer, there are plenty of ways to lower your monthly bill.
In this article, I cover important money-saving tips to help teach you how to lower your Verizon Fios bill.
This will allow you to get the best deal without the hassle of switching cable companies.
Table of Contents
15 Ways To Lower Your Verizon FiOS Bill
#1. Buy A Wireless Router
Verizon tries to make it very convenient for their customers by providing a router at the time of internet installation when you sign up for a new service with them.
For this reason, many people don’t know that you can use your own router to get internet service through any provider including Verizon.
You can purchase a wireless router at Best Buy or Amazon and set it up easily.
The good thing about having a router that you own is that you only have to buy it once instead of paying a monthly fee to rent it.
Also, you can take the router with you in the future should you ever switch to a different internet provider.
The downside to this is that eventually you have to buy a new router because of newer technology.
I’ve found I have to replace my router every 3-4 years.
If you rent, you can get a new one without an additional cost from Verizon.
As annoying as it is to buy a new one, the cost to buy a new router is still cheaper than renting one.
#2. Ask To Waive Modem Rental Fee
If you have been a FiOS customer for a long time, call them up and ask if they will waive the rental fee.
You still keep using the modem they provide you with, but you no longer have to pay to rent it.
There are many success stories of this happening.
So if you call and are told no, call back on another day and at another time and ask again.
#3. Return Unused Cable Boxes
When you first sign up for cable service, it’s easy to be tempted to get cable service in every room in your house.
There are often incentives to have different devices, so you feel like you are saving money.
But now you have cable in more rooms than you actually use.
If you find that you aren’t using the TV in your bedroom, guest room, or anywhere else in your house, consider streamlining your cable service.
You can get rid of cable boxes any time you want and that will decrease the amount you are paying monthly.
When you return devices, you will save on the monthly rental fee and the services associated with that device.
Depending on how many extra boxes you can get rid of, you can save yourself quite a bit of money each month.
#4. Utilize Streaming Services
The average household uses 4-5 different streaming services to watch TV.
If you find yourself mostly turning on streaming platforms like Netflix and Hulu instead of cable TV, you might want to consider cutting back on your cable service so that you’re only paying for what you need.
It doesn’t make sense to pay for lots of cable channels that you just don’t use, especially if you are paying for other services too.
If you are not locked into a contract with Verizon you should contact them to see if there is a plan that better fits your lifestyle and will lower your monthly charges as well.
#5. Cancel Tech Support Pro
Take a minute to review your recent Verizon bill.
You might see a charge for Tech Support Pro.
This support service offers 24/7 tech support for all your connected devices and charges you monthly whether you use it or not.
To slash your monthly bill, cancel this service.
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You will still be able to call Verizon support to get help with your devices, just not 24/7 support.
#6. Look Into Verizon Connections Discount Program
A little-known way to save money on your Verizon Fios bill is to check if you have employee discounts available to you.
Many employers partner with major cable and home internet companies like Verizon and Comcast to offer discounts to their employees as part of an employee benefits or perks program.
These discounts are usually covered during the onboarding process when you start a new job or at a benefits fair at your company.
With all of the information you are getting thrown at you at these times, it’s easy to forget to sign up for these important discounts and many employees never capitalize on it.
The Verizon Connections Discount Program is easy to look into because you can check your eligibility through your employer right on the Verizon website.
If you are eligible for discounts on your contract, they will walk you through how to get the discount applied to your bill.
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My previous employer offered a 10% monthly discount on my bill with Verizon, which when you have internet and cable service, adds up.
#7. Sign Up For Monthly Bill Auto Pay
Cable and internet bills are one of the top bills that go into collections.
For this reason, internet service providers like Verizon Fios want to know that you are going to pay your bill.
To ensure that your bills will be paid on time each month, it’s common for them to encourage subscribers to sign up for automatic payments.
It’s very easy to enable the automatic payments feature on the Verizon website or on the Fios app when you go in to pay your monthly bill, so you can set it and forget it.
This makes it easy for you and is greatly appreciated by Verizon.
Auto pay makes paying your Fios bill easy and convenient for customers.
You can set it up so that your monthly Verizon Fios bill is automatically paid from your bank account every month on the same date.
As a show of appreciation, Verizon usually will discount your bill by $5-$10 per month once you enroll.
#8. Shop For A New Package
If you have been with Verizon Fios for a long time, you may be able to get a better deal by shopping around for a new internet or TV package.
Once you have completed your initial contract with Verizon, many times the price increases annually.
Verizon and other providers are always changing their plans to add features and stay competitive in the marketplace.
Many times customers aren’t aware that there might be a new plan that suits them better.
They bank on the fact that customers have a long term commitment and often don’t review their bills often.
Take a look at the Verizon Fios website and see what the newest plans and promotions are that are being offered for new customers.
This should give you a good idea of what the best rates are at the moment and will help you negotiate better deals.
You may need to change your TV package, upgrade your internet speed, or consider adding a home phone line to get the best discounts on your services.
Even if you add these additional services, depending on the promotion you should still be able to save money on your bill.
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#9. Use Google Chromecast
If you buy a Google Chromecast, you could cancel your cable service completely.
This device plugs into the HDMI port on your TV and allows you to cast from your phone the shows and movies you are watching on various streaming services.
You can even use your phone as the remote control.
Doing this gives you the experience of watching on a large screen without having to pay the monthly cost.
#10. Agree To A Contract
Most people have a cable or internet package that goes month to month.
The advantage of this is you can switch providers any time you want.
The downside is your monthly price can change at any time.
When you agree to a contract, usually 1 or 2 years in length, you lock in your monthly rate.
On top of this, you usually get a $10 monthly credit as well.
To some, signing a contract sounds scary, but you are free to upgrade or downgrade service at any time.
The only thing you cannot do is completely cancel your service.
If you do, you will pay a prorated fee.
#11. Downgrade Plan
Another simple way to lower your cost is to take the time to fully review the channels you tend to watch.
Then run through the packages and see if a lowered priced one better fits your needs.
You will be surprised with how much you will save doing this.
You should also do this for your internet package as well.
If you don’t do a lot of streaming, you might not need as fast of a package as you have.
#12. Get Premium Channels For Free
Here is a great trick to save money.
Verizon will regularly offer its premium channels for free for a weekend throughout the year.
This means for one weekend, you could get access to HBO, Starz, Cinemax, Showtime, or Epix at no cost.
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You can binge watch all the shows and movies you want.
This is great for people who only want to watch one or two series and have no interest in the premium channels the rest of the time.
#13. Take Advantage Of Teacher, Military, Veteran Discounts
If you are a teacher, veteran, active military member, student, or first responder, Verizon offers you a 5-10% monthly discount on your package.
Be sure to call customer support to see what documentation you have to provide to get this discount.
#14. Bundle With Verizon Wireless
Verizon can help you simplify your monthly expenses if you’re willing to combine your cable and internet with your cell phone plan.
When you connect your Verizon Wireless and Verizon Fios accounts, you get a discount associated with bundling those services.
By keeping cable, internet, and wireless services under the same provider, you can often save more money on your Verizon bill than by paying them all separately.
To capitalize on this deal, you may need to cancel your phone plan with your current service provider.
The good thing is that you can usually take your existing cell phones with you to a new carrier with ease.
#15. Pay Your Monthly Verizon Fios Bill On Time
One of the simplest ways to save money on your Verizon bill is to make sure you pay your bill on time each month.
If you are a customer who regularly pays your Fios bill late, you will incur a monthly late fee that will drive up the cost of your bill each month.
It’s always a great feeling to pay your bill on time and not have it hanging over your head for the rest of the month.
Paying on time means you don’t have to worry about late fees, collections calls, or losing access to your Fios internet or Fios TV.
Set a reminder to make sure you pay your Verizon Fios bill on time every month so that you can make sure you don’t pay more than you have to.
Cable and internet service are expensive, but they don’t have to be.
There are plenty of ways to lower your Verizon Fios bill if you are willing to make some changes to your services and your habits.
Small changes can make a big difference in your monthly fees.
Look at things like getting rid of equipment that is just collecting dust on your TV stand and working with Verizon to make sure you are utilizing the plan that is the best fit for your needs.
A good place to start is by calling tech support or customer service to discuss your account and let them know that you are looking for ways to reduce your monthly service costs.
Don’t be afraid to let them know that you’re considering other providers, ask for friend referrals, and cash in on employee discounts.
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I have over 15 years experience in the financial services industry and 20 years investing in the stock market. I have both my undergrad and graduate degrees in Finance, and am FINRA Series 65 licensed and have a Certificate in Financial Planning.
Visit my About Me page to learn more about me and why I am your trusted personal finance expert.