With a leased modem, repair and/or replacement coverage is automatically included in the cost of the lease, which is typically between $10 and $15 per month. This can provide peace of mind for as long as you have the modem, ensuring that if it malfunctions or becomes outdated, you will be able to get a new one without paying extra. You can also get extra features included with newer leased modems, such as Secure WiFi.
When you purchase a modem, you get a 12-month warranty. This covers repairs or replacement in the case of a faulty modem for one full calendar year from the date of purchase. After the warranty expires, you will be responsible for repair costs or upgrades going forward. A new modem can cost anywhere from $150 up to $200, depending on the model and technology.