The cost of home internet service is such a frustrating thing because the market is not truly competitive.
In so much of the country, consumers only have a choice between one cable monopoly and one phone monopoly for high-speed internet service.
But money expert Clark Howard says that’s enough to put them into competition with each other.
How to lower your monthly internet bill
For example, if you get internet service from your local cable company, you can call up the phone company and see if they’ll offer you a better deal as a new customer.
“If you’re willing to go from one to the other and then maybe a year later go back to the first, that’ll help,” Clark says.
Several members of Team Clark have also had success with Ask Trim, a website that will contact your cable or internet service provider on your behalf and try to get you a discount.
If Trim is successful, it will charge your linked credit card 25% of your annualized savings.
Clark says more competition is on the way with the rollout of what the wireless industry calls 5G. It will allow for wireless to go as fast as most home wired internet connections.
With more companies fighting for your internet business, Clark hopes that will mean better service at a better price.
In the meantime, if you have internet service available in your area from a cable company and a phone company, do some comparison shopping (and bargaining) and it may save you money!