Home Mobile Verizon Terminates 1-Year Contracts

Verizon customers hoping to sign a one-year contract, as opposed to the standard 2-year contract will be left with no option now but to go with a 2-year contract. Verizon has confirmed that it will be eliminating its one-year contract option as of April 17.

Verizon says that this change is taking place because a “majority of customers sign up for a two-year contract.”

The nation’s biggest wireless network AT&T previously offered customers the option to sign a one-year contract and extension off of the standard 2-year agreement. Although, customers who opted for the 1-year contract are still able to purchase new equipment at a discount, but will face a lesser discount than the 2-year agreements.

Verizon still has their contract-free month-to-month plans which is still available to consumers.

Some speculators say that Verizon may be introducing a month-to-month prepaid plan that offers customers unlimited voice and text for $50 a month. If a customer wishes to add data to that package it will cost and extra $30 per month for unlimited data.

This is a very smart move for Verizon when AT&T just recently increased its early-upgrade price on some of its smartphones and feature phones that include the ever popular iPhone.

The question that I have to ask the community is, do you or anyone you know use the Verizon 1-year plan?

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1 comments
Steven Threatt
Steven Threatt

Yes, I have used the one-year plan, and I am currently shopping for a new phone(w/ Verizon) and a one-year plan. The phones themselves only have a one year warranty, and the monetary difference between the one and two year contracts was only $70. You do the math, the $70 you initially pay up front is more than saved vs. the extra year of $100/month plan. Why Verizon would eliminate this is simple: VERIZON MAKES MORE MONEY FROM CONSUMERS!!! My question is this: why isn't every Verizon customer on a one-year plan?????