In these cash conscious times we're all looking for ways to save a little on our bills each month. But how often do you check whether you're still getting a good deal on your broadband? Chances are, not often enough. A recent survey by NatWest shows that only 55% of us regularly compare broadband deals, while nearly a third never do it. Meanwhile, a massive 39% reckon they aren't getting good value for money.
These stats are not unrelated. Without taking the time to shop around, you'll be left paying over the odds for something that doesn't do the job. It need not be the case; cutting your broadband bill is easy if you know where to start.
1. Compare prices
Finding the best deals available to you is as easy as typing your postcode into our price comparison tool. We'll show you every package you can get, including standard and fibre broadband deals as well as phone and TV bundles. There'll almost certainly be something cheaper than you've already got — just decide how much you want to pay.
2. Pay for what you need
If you're not sure what speed broadband you need, it can be tempting to plump for the most high-end service just to be on the safe side. This isn't a great plan, as your perfect package can vary wildly depending on how many people there are in your household, how many internet-connected devices they've got, and what they'll be using them for. You can easily end up paying a lot more than you really need to (or, just as bad, taking a cheaper service that doesn't do what you need it to).
3. Buy bundles
Buying broadband, phone and TV services together in a single package will often work out a lot cheaper than buying them separately. It's easier to manage, too, since it'll all be included in the same bill. According to the NatWest survey, more than a third of us are already taking advantage of this.
Naturally, choosing a TV bundle will restrict you to only the largest broadband providers. And our point about only paying for what you need becomes really important here: don't subscribe to a bunch of TV channels you aren't going to watch. If you only want the movie channels, for example, you might still be better off with a smaller broadband provider and a Now TV subscription.
All broadband providers offer an array of attractive deals to entice new customers. Loyal, longstanding customers, meanwhile, get short shrift. However, if you're nearing the end of your contract — or it is already up — you can often negotiate a sizeable price cut. You may need to sign a new contract, but the savings should be worth it.
Haggling isn't as scary as it sounds. Every provider has a 'retentions' team whose purpose is to prevent customers from leaving. Tell them you can get a better price from another provider and there's a good chance they'll beat it. Alternatively, they might offer add-ons or upgrades for no extra cost. It's worth trying even if you're happy with your supplier, but if you're actually willing to go through with a switch you'll be in an even stronger position to get a better deal.
5. Understand what you're paying
Those introductory offers are very appealing. Words like FREE jump off the page, and can be hard to resist. But remember that virtually all broadband deals include line rental, and there can be as much as £4 difference from one provider to another. New rules from May 2016 should bring clarity to broadband pricing. Until then, when you're comparing prices make sure you compare the total you will be paying — internet and line rental — both during the introductory period and once it has ended. Offers that appear cheaper at first might not always turn out to be so.
The upshot is this: you can slash your broadband costs if you're willing to shop around. It's easier than ever to switch broadband suppliers, and even if you're happy with your current provider simply approaching them for a better deal can knock pounds off your monthly bill. What are you waiting for?