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Netflix Premium Too Expensive? Lower Your Streaming Bill With These Key Tips

Between its recent price hike and a new, extra-cost "sub account'' to eliminate password sharing, Netflix is getting pricey. Here's how to counter the increases.

 & Jordan Minor Principal Writer, Software

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After revolutionizing the movie rental business by delivering  DVDs to your doorstep, Netflix has become the leading video streaming service. An Editors’ Choice pick, the service has millions of subscribers who love its ad-free movie streaming, high-quality original shows, and feature-rich apps on a variety of platforms. Without Netflix, we wouldn’t have Tim Robinson in a hotdog suit.

But Netflix’s quality doesn’t come cheap. This year we got yet another price increase. Netflix’s most expensive tier costs $19.99 per month, up from $17.99 per month. That gets you Ultra HD 4K streaming, four concurrent streams, and offline downloads to four mobile devices. Remember how Netflix only cost $7.99 per month back in 2011? Even worse, Netflix is now testing a system that charges people a few dollars whenever they share their passwords outside their home in an attempt to offset the cost. What we call “sharing the wealth,” Netflix calls “freeloading.”

Netflix may be one of the best streaming services, but the overall streaming ecosystem has become so vast and varied that you don’t need to endure the company’s most-expensive option. You have choices.


Cancel Netflix

Downgrade Netflix

You can pay less for Netflix without completely giving up on the service. Netflix may no longer offer a free trial, but it offers multiple plans at multiple price points. Our recommended plan is the $15.49-per-month Standard Plan. That gets you HD streaming, two simultaneous streams, and offline downloads to two devices. 

But honestly, the cheapest plan may be more than enough to suit your needs at $9.99 per month for the full library. You only get one simultaneous stream and offline download, but if you’re an individual user⁠—not part of a family⁠—that should be fine. The plan limits streams to SD quality, but do you really need to watch Love Is Blind at the highest possible resolution?

You can easily modify your Plan Details under your Netflix account. For more, here’s how to cancel or change your Netflix subscription.


Switch Streaming Services

If you want to completely leave Netflix behind, you can also choose from dozens of other video streaming services with attractive prices. Here’s just a few examples for aspiring cord cutters.

Peacock is our Editors’ Choice pick for free streaming services with its robust ad-supported tier, and its priciest premium option won’t break the bank at $9.99 per month. Watch original shows like Bel Air and MacGruber along with your Office reruns. Amazon Prime subscribers can enjoy great movies and quality shows (including the MGM acquisition) through Amazon Prime Video. You can also subscribe to just the service for $8.99 per month. Top Amazon Prime Video shows include Jack Ryan, The Marvelous Mrs. Maisel, and the upcoming The Lord of the Rings: The Rings of Power.

Peacock

For Netflix prices, you can subscribe to streaming service bundles, giving you even more content to choose from. The Disney Bundle combines Disney+, Hulu, and ESPN+ starting at  $13.99 per month. You get sports along with entertainment for kids and adults. Paramount+ sells a bundle with premium channel Showtime for $12 per month. HBO Max is already a fantastic service on its own, with an ad-supported tier at $9.99 per month, but once it combines with Discovery+ it’s all over. HBO prestige and reality trash all together? Sign me up.

Keeping track of all these subscriptions can get tricky, and potentially even pricier than just sticking with Netflix. If you need help, read our guide on how to pick the best video streaming service for your budget, and use these decision tools to find exactly what you want to watch so you only pay for the services you need.  


Ditch Streaming Entirely

Online video streaming may be convenient, but you don’t have to lock yourself into an increasingly expensive subscription to enjoy movies and TV shows. In fact, you can own your favorite films by buying them on physical media. At this point, streaming economics have been just as confusing as cable, so consider keeping the cord and sticking with traditional TV. There’s more to entertainment beyond Netflix.

If you’re still ride or die with Netflix, keep track of everything coming to Netflix and everything leaving Netflix each month. For more streaming coverage, check out our absolutely massive catalog of streaming video reviews and news

About Our Expert

Jordan Minor

Jordan Minor

Principal Writer, Software

My PCMag career began in 2013 as an intern. Now, I'm a senior writer, using the skills I acquired at Northwestern University to write about dating apps, meal kits, programming software, website builders, video streaming services, and video games. I was previously a senior editor at Geek.com and have written for The A.V. Club, Kotaku, and Paste Magazine. I'm the author of the gaming history book Video Game of the Year: A Year-by-Year Guide to the Best, Boldest, and Most Bizarre Games from Every Year Since 1977, and the reason everything you know about Street Sharks is a lie.

The Technology I Use

I use the newest Android and iOS smartphones for testing, but I currently use an iPhone 14 as my personal phone. I just hate that we gave up headphone jacks.

I've always favored gaming laptops over desktops. On that note, I have a 16-inch HP Envy with an Intel Core i9-13900H CPU and Nvidia GeForce RTX 4060 GPU. No matter what machine I’m working on, an alarming amount of my personal and professional life revolves around cloud-synced Google Drive files.

For food subscriptions, my household sticks with CookUnity and HelloFresh for meals. Video streaming is a bit more complicated. While there are too many services to list, we're subscribed to most of the major ones. These days, I find myself drawn to HBO Max's movies and shows, as well as Peacock's reality trash.

I've been a lifelong Nintendo fan, and I sincerely believe the Nintendo Switch will go down as one of the best gaming consoles of all time. It has an unbelievable library of new and old games from Nintendo and third-party companies. The handheld/console hybrid approach makes playing games so much more flexible, a legacy that continues with the Nintendo Switch 2 and Valve’s Steam Deck.

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