Business internet costs typically range from $40 a month for basic cable internet and slower speeds to $500 a month for satellite internet in rural areas. High-speed fiber internet, often the best connection type for high-demand businesses, will also set you back several hundred dollars a month. However, it’s important to note that exact prices are usually heavily influenced by your company’s location. Pricing listed on provider websites is often noted as “starting at,” and you won’t know your precise cost until you provide the vendor with your business’s information.
Besides location, other factors that will influence your monthly rate include:
- Connection type
- Max speeds
- Data usage
- Contract term
- Bundled services
Promotions highlighting cheaper pricing are often linked to slower speeds, long-term contracts, or bundled packages that require you to purchase two or more services, like internet and VoIP phone service.
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Business Internet Hidden Fees & Add-On Costs
While comparing monthly rates is important, business owners should be aware of additional costs that can significantly impact their total internet expenses. These hidden fees can add $50 to $200 monthly to your bill, while others are one-time expenses.
Common hidden fees include:
- Installation and Setup Fees: Most business internet plans require professional installation, which typically ranges from $99 to $500, depending on complexity. Some providers, like Viasat, offer free installation as a promotional benefit.
- Equipment Rental Fees: Monthly equipment costs can range from $9.99 to $25 for routers, modems and gateways. Purchasing equipment outright may cost $100-$500, but it eliminates ongoing rental fees.
- Early Termination Fees: If you need to cancel service before your contract ends, fees can range from $100 to several hundred dollars. Month-to-month plans avoid this cost but typically have higher monthly rates. As a sign-up incentive, some vendors like Spectrum and Optimum will cover your early termination fees if you switch to their services.
- Static IP Address Fees: Many businesses require static IP addresses for VPN access or hosting servers, typically costing an additional $5-$15 per month per IP address.
- Data Overage Charges: While many business plans offer unlimited data, some budget plans may include data caps with overage fees of $10 per 50GB block. For example, Verizon’s LTE offering has a 300GB monthly data allowance; you’ll incur charges if you exceed it.
- Service Level Agreement (SLA) Premiums: Enhanced uptime guarantees and priority support can add 10-30 percent to your monthly bill, but may be essential for mission-critical operations.
Before signing a contract, ask ISPs for a complete breakdown of all potential fees and read the fine print carefully to avoid unexpected charges.