How to Save Money on Your Next Broadband Contract
As well as paying gas, electric and water bills every month, a broadband package is also an essential utility bill for millions of people in the UK.
With many broadband providers out there, it pays to do your research and compare quotes to find the best deal and save money on your next broadband contract, to help bring the cost of your overall bills down.
In addition to comparing quotes online, there are many other tips and tricks that can help you save on your next broadband deal, helping you to reduce the cost of your TV, internet and phone bills.
Read our 6 tips below - even if you just take one piece of advice from this article, you are guaranteed to make savings!
6 money-saving tips to start saving on broadband
1. Review your broadband package and stop paying for things you don’t need
When your broadband contract is coming close to the end, this is when you need to start doing research to see if you’re on the right contract and paying the right price, before it’s too late and your current provider automatically renews it.
Millions of people waste money every month because they remain loyal to their provider and don’t question or review the deal they’re currently paying for.
You need to check that you’re getting and using exactly what you pay for and that you’re only paying for what you really need. For example, you may be paying for more data allowance than is necessary.
Many people get enticed by broadband deals that offer many different features, such as extra TV channels, extra security, safeguarding to protect your children, additional phone call plans and more. Over time, however, people don’t tend to use these features as much as they thought, but they carry on paying the same price.
Have a good look at your own broadband contract to check whether or not you’re getting the right service for your needs, otherwise you’ll keep wasting money for nothing!
Here are some of the things you’ll need to consider when assessing your own broadband package:
- Data caps
- Added extras
- Paid extras
Have a look at each aspect individually and assess whether or not you want more or less of each.
This information will give you a better idea of what you need and don’t need, and it will help you find a much better deal when comparing quotes across the market - unless you’d prefer to contact your current provider directly to see how they can save you money.
2. Haggle with your provider before switching
With most financial agreements, it is generally advised that you should switch providers to save money, as remaining loyal to a company may result in you paying more.
While switching providers generally gives you the benefit of getting a better deal, it is always worth contacting your current provider first to see if they can offer you a better deal - they won’t want to lose you as a customer in this competitive market and may be able to offer ways to help you save and get more for your money.
If haggling doesn’t work and they can’t help you save then that’s the time to start comparing broadband deals offered by others across the market online.
Remember, by doing your research, you’ll have more confidence when haggling and negotiating with your broadband provider, so you can ask for a like-for-like discount or more features for the same price, depending on your needs. You may be able to get both!
3. Don’t be confused by broadband bundles - only get what you need
While many UK broadband suppliers offer bundled packages, it’s worth having a good look at each bundle offered by your provider, or others for that matter, and don’t be afraid to ask if you can mix and match.
Sometimes, a broadband bundle may offer good value for money, but it may not always be the case and completely depends on whether or not you’ll get good use out of everything offered in the package. If not, you may be better off just paying for the services you need.
For example, some broadband providers offer broadband-only deals without a landline. If you use your mobile minutes to make calls and you never use your landline, this bundle could help you save money.
Having said this, not all broadband-only deals are cheaper - read more in Broadband Genie’s guide here.
4. Short-term broadband contracts
Typically, broadband contracts last for around 18 to 24 months, depending on your chosen broadband provider.
This doesn’t always fit well with 12-month tenancies and can leave you exposed if you need to move.
There are, however, many broadband providers that offer no-contract or short contract broadband, but these can work out to be expensive.
To work out what’s best for you, you need to compare the cost of one of these short-term contracts over the term of your tenancy versus buying a standard contract and paying an early release fee after 12 months. It may work out cheaper to simply pay the release fee!
5. Consider mobile broadband
If you’re not a heavy broadband user and you prefer to have flexibility over speed, you may want to think about getting mobile broadband.
Everyone gets a data allowance as part of their mobile phone contracts, and adding more data to that contract may be cheaper than buying separate fixed-line broadband.
You could buy a mobile contract with a larger data cap or buy occasional bolt-ons depending on your needs.
Mobile broadband is suitable for people who want to do simple things like surf the net and stream on YouTube - it is generally for relatively light use.
If you get a mobile broadband deal with a dongle, you can plug it into your laptop or computer and you’ll have a credible broadband connection without wires.
This type of broadband is predominantly helpful for students, people in rented accommodation and places where there is no landline.
6. Broadband deals for students
Students usually get special deals on their broadband, with some providers offering shorter 9-month contracts to last their academic year and finish before they go back home.
For students who are not returning home for the summer and plan on staying where they are, a standard contract might work better.
As a student, it’s still worth shopping around for student deals and discounts, but bear in mind that the shorter or no-contract deals may not offer the best value for money.
Such contracts tend to work out more expensive than a standard contract, and they usually come with set-up fees or other costs. Be sure to check the terms and conditions of your contract before signing on the dotted line.
How to compare broadband deals
If you’re looking to switch providers to save money on your next broadband contract, you can easily do a comparison of all the broadband deals available online to find the best price and the best contract suited to you and your needs.
To do this, there are a few comparison sites that can help do all the work for you, such as Broadband Genie, which was featured on Martin Lewis’ Money Show last year in 2019.
The broadband comparison site has a 4-star rating on the UK’s review platform Trustpilot, with 69% of 132 reviewers rating it as excellent.
With Broadband Genie, you simply type in your postcode and you will be shown a list of all the best deals suited to your area. You can then compare them to see which one best suits you!
Remember, try not to purchase broadband based on price alone, you need to make sure that it’s the right contract for you - just like you should with other financial products such as car insurance.
How should I pay for my broadband?
This depends on you and your chosen provider when you sign up to your contract.
If you pay by direct debit, this could lead to you getting a cheaper deal on your broadband, instead of using your credit card or anything else.
With some companies, you may be able to pay for the 12-month contract in one lump sum, which can help you save money. Always check the terms and conditions of your provider and be sure to find out the best way to pay.
Can I still switch providers during the Coronavirus pandemic?
According to Broadband Genie, some broadband companies have announced that they are providing services as normal and their engineers can now install products in homes while following social distancing measures safely.
Many customers wanting broadband do not necessarily need an engineer to install it and in many cases, it can be done without someone entering your home. Your provider will inform you of the best way in which they can get you broadband in the safest possible way.
A lot of providers are now also offering help to their customers who’ve been directly affected by the Covid-19 crisis, so be sure to contact your provider if you’re struggling to keep up with your broadband bills.
The tips provided in this guide will help you take the necessary steps towards saving money on your next broadband contract, and ultimately, reduce the cost of your overall monthly outgoings.
Always make sure you do your research, as this will help you negotiate with your current provider and help you when it comes to comparing different companies and deals online.
For further money-saving tips, read our related guides below!