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Fast and affordable broadband has become increasingly vital since the pandemic, as more Britons work from home than ever before – either full-time, or as part of a hybrid pattern.
With the cost-of-living crisis biting, many are on the hunt for bargain deals on their bills.
The average broadband deal costs households around £26 a month, or £312 a year, but a number of providers have begun offering incentives, such as vouchers and cashback in order to get customers to switch which means you could pay far less than that.
Many are still relying on their broadband as they work from home during the pandemic, but could be overpaying on their bills if they don’t switch providers
A recent survey shows that half of households are unlikely to switch broadband provider, which could end up costing hundreds of pounds a year.
A quarter said they’ve never switched providers as the process seems daunting, while one in five said it’s because they haven’t found a better deal elsewhere, despite research showing that loyal customers are likely to pay more for their broadband.
Telecoms giants are incentivising customers to make the switch and start saving by offering huge cash vouchers, but around 12 per cent said they were concerned about their speed dropping if they switched providers.
Is it possible to get cheaper, faster broadband, and still claim these enticing cashback deals as well as no set-up fees? This is Money took a look at the three best offers on the market:
Vodafone have increased its cash incentive bonus for new customers who make the switch to one of its superfast broadband packages.
You could get download speeds of up to 38Mbps with a 24 month contract with Vodafone’s Superfast 1* plan, which is available for £22 per month.
And for the next week, Vodafone is increasing its voucher incentive to £205, which can be redeemed at Tesco, Sainsbury’s or M&S, or online with Amazon.
With this voucher, it cuts the overall cost by almost 40 per cent, or the equivalent of £13.45 a month over two years.
The deal ends on July 15, so customers will need to act fast to take advantage.
If you are looking for a deal with a little more power, you can opt for its Superfast 2* deal, which gives speeds of up to 67Mbps from only £25 a month, or you can splash out on their Superfast 100* deal and receive 100Mbps for the same price.
With the voucher, that brings the cost down to £16.45 per month.
It’s a little pricier than a Vodafone package, but new customers of Virgin Media broadband could still benefit from savings by making the switch this week.
Virgin are offering switchers a £95 Amazon voucher, if you switch before 10 July, offering speeds of around 100Mbps* from £24 a month.
With the voucher it brings down the overall cost to £18.72 per month, although it cannot be used in as many places as the Vodafone deal above.
The 18 month contract may also seem more appealing to customers who prefer to switch more often when better deals come up, and their customers can benefit from discounts on their streaming services too.
Virgin Media recently announced its new TV streaming plug-in box, which could save you another £100 on subscriptions such as Netflix, Prime Video, and Disney+.
The plug-in and play device offers Virgin customers an exclusive 10 per cent on their streaming bills, and helps you manage your subscriptions all in one place – making it potentially the perfect broadband deal for TV lovers.
If you’re in the market for cheap fibre broadband, smaller telecoms firm Hyperoptic is another option
Hyperoptic’s broadband* starts from £17.99 a month, or from £20 if you are looking for a phone/broadband combined package on a 24 month contract.
Its 50Mb Fibre Connection* offers average speeds of 57Mbps, or you can pay an additional £2 a month to upgrade to Hyperoptic’s 150Mb Fibre Connection*, which offers speeds of up to 158 Mbps, on a 12 month contract.
And, if you switch before 11 July, you will receive a £50 voucher which can be redeemed at shops such as M&S, Tesco, or Amazon.
On the £17.99 deal, the voucher brings down the overall cost to £15.90 with a two year contract.
Find the fastest and cheapest broadband – and see if you can save
Broadband, TV and phone contracts are notoriously sticky, with customers often allowing deals to run on for many years while providers raise prices.
But it may be possible for you to get faster broadband, a better TV package and an improved phone deal, while saving money each month.
It is always worth comparing prices to see if you can save – particularly as the cost of living crisis bites.
This is Money has partnered with Broadband Choices to offer readers the chance to easily search for the best and cheapest deals for their broadband, mobile and TV.
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