Five Proven Ways to Avoid a Broadband Price Increase in 2023

When signing up for a broadband deal, you are typically asked to accept the terms and conditions which include annual price increases. These typically increase in line with inflation (CPI or RPI) as well as increased business costs.

This year, however, prices are expected to go up more than normal due to rising inflation. Fortunately, there are ways you can save on your broadband costs.

1. Look for deals that don’t include mid-contract price rises

Millions of households are scrimping and saving to keep up with the rising cost of living. Unfortunately, most broadband and phone deals – even those from major providers such as BT, Plusnet, Three, EE, Vodafone and TalkTalk – include an annual price increase mid-contract that cannot be avoided.

These annual price rises are determined by inflation and cannot be avoided, even if you’re in a contract. They usually appear in the Terms & Conditions of most agreements but are rarely explained clearly.

2. Try to haggle with your provider

If you’re on the search for a better broadband deal, don’t be too intimidated to negotiate with your provider. Negotiating may be uncomfortable at times, but it will ultimately save you money in the end.

Broadband prices typically increase annually in March or April, linked to inflation (CPI and RPI). These increases can have a substantial effect on your monthly bill even if you’re still within your minimum contract period.

However, some broadband providers do not increase prices for contracted customers. If your deal doesn’t include mid-contract price rises, it could be worth trying to negotiate with your provider to see if they can offer you a discount or upgrade to higher speed or extra channels.

3. Look for a provider that doesn’t increase prices for contracted customers

If you have a broadband contract with your provider, it is essential to look for one that doesn’t raise prices for contracted customers. Doing this will guarantee that you don’t get hit with an unexpected mid-contract price increase in 2023.

Unfortunately, in 2023 the aforementioned CPI rate is significantly higher than usual, meaning many broadband and mobile customers will experience price hikes that were unexpectedly large.

To help you locate a provider who won’t hike your monthly bill, Uswitch have developed an online calculator. Utilising inflation rates, the fine print in your broadband contract and direct information from customers, this free tool will show which providers are likely to raise prices in 2023.

4. Look for a provider that offers a free upgrade

When shopping around for a broadband deal, look for providers offering free upgrades. The cost should be minimal, and the extra bandwidth can have an immense effect on productivity and family life.

Furthermore, free upgrades encourage people to stay with their current provider longer which is beneficial in today’s highly competitive telecoms sector. In conclusion, free upgrades may be your best bet when it comes to accessing cutting-edge wireless technologies.

5. Look for a provider that offers a free exit fee

One way to safeguard against mid-contract price increases is to search for a provider offering a free exit fee. Deferred management fees, also known as deferred management fees, offer you the ‘use now, pay later’ financing option that allows you to take advantage of all the facilities and services of your retirement village without paying them in full upfront.

It’s essential to select a service provider who provides this feature, as it can protect you against hidden fees and price increases as well as signalling quality to other customers.

Be wary of companies using exit fee-based marketing tactics; these may lead to serious problems down the line. For instance, the Better Business Bureau has reported an increase in complaints against exit company services that claim to have helped people switch timeshares.