How to Upgrade to the Verizon iPhone 5 and Keep Unlimited Data

When the iPhone 5 arrives on Verizon, many users will lose their unlimited data to preorder the iPhone 5 or purchase it at a subsidized price, likely $199.

Verizon isn’t canceling unlimited data plans for users who are grandfathered in, but the company is doing all it can to take away unlimited data plans when users upgrade.

Users are not required to switch to a new Share Everything plan on Verizon when upgrading to the iPhone 5, but users who plan to get the iPhone 5 at the discounted price will need to give up unlimited data on Verizon.

iPhone 5 off contract

The iPhone 5 is quite expensive off contract.

According to the Verizon Share Everything FAQ, the only way to keep unlimited data is to pay full price for a new phone. This applies even if your contract is up for renewal and a subsidized purchase is possible.

I have unlimited data on my account. Do I need to change to the Share Everything Plan if I want to get a new device?

You’re not required to switch to the Share Everything Plan, but if you do, you won’t be able to keep your unlimited data package. When you upgrade, you can choose from a voice plan with a standalone data package or the Share Everything Plan. If you want to keep unlimited data, you have the option to pay full retail price for a new phone.

iPhone 5 Off Contract Prices

Buying an iPhone off contract is expensive, but for users who can’t afford to go without unlimited data it’s the only option.

With the iPhone 5 prices on contract likely to stay the same, users that want to keep unlimited data for the iPhone 5 should expect to pay the following prices. These prices aren’t confirmed, but we don’t expect major changes.

  • iPhone 5 16GB – $649
  • iPhone 5 32GB – $749
  • iPhone 5 64GB – $849

These prices are higher because the carrier isn’t paying for part of the phone like they do with a subsidized phone.

iPhone 5 Preorder – Off Contract

Typically Apple does not offer the iPhone at off contract pricing as part of the iPhone preorder process. Apple normally waits until a month or so after the iPhone release date to start selling the off contract phone.

Users looking to buy the iPhone 5 off contract to keep unlimited data on Verizon will likely need to line up in store on the iPhone 5 release date or try to preorder from Verizon instead of Apple.

Verizon let me buy the Galaxy Nexus at full retail pricing on launch day in store, and it is likely that the carrier will let me do the same on the iPhone 5 release date.

Given the $450 premium for buying the iPhone 5 off contract, users should look into the amount of data they actually use to make sure they will save money by keeping unlimited data.

Image vie Martin uit Utrecht on Flickr