How buying a modem and router vs. renting will save you money

On a quest to learn more about modems and routers? It's no secret that the world of internet can be intimidating, but don't worry, we're here to set the record straight and demystify the world of modems and routers.  

How much is a modem? What is a modem? These are all questions that we will aim to answer in this article. In particular, we will focus on the benefits of buying your own modem rather than renting one from your service provider.

We will also provide an overview of the different types of modems and routers available on the market today. So whether you are just starting out with broadband internet or are looking to upgrade your current system, read on for all the information you need.

Introduction to modem vs. router: What are they, and how are they different?

Ever heard of a modem and router, but not sure how they're different? Think of modems as the gatekeepers that let you access the world wide web. A modem is a device that connects your computer to the internet. It does this by converting the digital data from your computer into analogue signals that can be transmitted over a phone line or cable.

‍

On the other hand, routers are like team players sharing an internet connection across multiple devices at the same time so everyone can enjoy!

Buying vs renting: Modem and router combo devices or standalone

Here's the skinny... You should rent a router or modem (or both) from your internet provider if you would like upgrades and replacements. Plus, all technical support is on the house! But, if you want to save money over the long run and have more control over your internet connection, buy your own router.
‍

Here's the thing, most people rent their modem from their internet service provider (ISP) because the rates seem pretty reasonable and they get to upgrade to the latest ones at no cost to themselves. Seems great and it is perfectly fine, but it's not the cheapest way to do things. In truth, purchasing one of those bad boys for yourself will save you a ton of money in the long run - think about it as an investment! Plus, you may not be getting the latest and greatest models, but yours will still do the job.
‍

And as for routers? Routers are even more important than modems, yet most people don't even own one! Instead, they rely on their ISP-provided modem/router combo unit. Modem/router combo units are usually not as good as standalone routers. So, if you're serious about getting the best possible internet experience, you need to invest in a good router.
‍

Whether you need a router for streaming movies to your TV or just browsing the web, one thing is certain, you want quality. But how much should it cost? Well, that depends on the router. But in general, you can expect to pay around $100 for a good-quality router. It might seem steep but just keep in mind, quality doesn't come cheap!

‍

The pros and cons of buying vs. renting

The main benefit of buying your own modem is that you will save money in the long run. Most service providers charge a monthly rental fee for their modem, which can add up over time. If you buy your own modem, you will only have to pay for it once and then you will never have to pay a monthly rental fee again. This can save you a significant amount of money over the course of a year or more so it's a great option if upgrading frequently isn't a priority for you.
‍

Another benefit of buying your own modem is that you will have more control over the features and settings. With most service provider modems, you are stuck with the default settings and cannot change them. With your own modem, you can pick and choose the features that fit YOUR needs as well as customize your internet experience if you need to troubleshoot a problem! Suppose you want maximum control, beyond what comes pre-programmed by service providers. Well, with an independent model - YOU CALL THE SHOTS!

Finally, owning your modem gives you the peace of mind that comes with knowing that you will always have a working modem.

‍

With a service provider-provided modem, you run the risk of them discontinuing support for that modem or no longer offering replacement units. If something happens to your modem, you could be left without internet access until you buy a new one.

Do you need both a modem and a router?

In most cases, yes. A modem connects you to the internet, while a router allows you to connect multiple devices to the internet. Modems also provide a more secure connection for your device so you can work or stream with peace of mind. Most people need both in order to have a fully functioning home network.
‍

However, there are some situations where you might not need both. For example, if you only have one computer and you don't plan on ever connecting any other devices to the internet, then you might be able to get away with just a modem. Or, if you have a very simple home network with only a few devices, you might be able to get by with just a router.
‍

Ultimately, the decision of whether or not to buy both a modem and a router is up to you. Just make sure to do your homework and figure out what will work best for your specific needs.

‍

Final thoughts: How modem vs. router will save you money

If you spend a lot of time online, working from home, streaming or gaming, it's important to invest in a router that isn't going to lag or get capped. As a result, this is not the time to save small change.
‍

If you are serious about getting the best possible internet experience, make sure to invest in a good quality router with a great package that suits your personal needs. And don't forget to factor in the cost of buying versus renting when making your decision. It might seem like a big cost outright but you will be saving in the long run.

Learn more about internet service providers with HomeLinkd

Are you ready to access the internet? While we've covered important topics, such as renting vs buying a modem and router, there's more to it. You'll need a company that provides good internet access.
‍

Stumped on where to begin your search for the best internet service provider? Nobody likes a hassle which is why you don't need to bother with any other stops – HomeLinkd has you covered in your search for the best internet providers.
‍

Forget scrolling for hours on end trying to compare packages. We review major internet service providers and their plans so you can get an internet connection in your home without any hassle.
‍

Learn more about your options for internet connections on our blog. We publish posts about everything, including internet speed, how to lower your monthly internet bill, the different types of internet connection as well as all the varieties of internet equipment that is available in different areas.

‍