You may already know you are renting your modem for about $10 a month, or $120 a year, but you may not know there is an additional hidden fee… So not only are you renting that modem but many states tax such rentals. In Texas you would see an additional $2 a month tax on the modem you are renting.
So what can you do to avoid this $12 a month/$144 a year fee? You can buy your modem and stop paying that fee today. If you rented a modem for three years you would have paid $432 for something that likely costs the cable company less than $50.
Many modems start at around $50 for a basic modem and even modems with built-in Wi-Fi can go for about $100. By buying a modem you can quickly save money.
So where can you find a modem? Amazon has some great deals on modems that work with XFINITY, Time Warner Cable, and other service providers. (Just make sure to find one that works with your provider. Most cable Internet providers list what modems they support on their website.
Here are a few modems that will give you an idea of what they cost:
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Source: Cord Cutters News