If you've got an unlocked phone and don't want a new one but simply want to get in on that Verizon network coverage and those 5G speeds, that's an option too. If you do want to go down this route ...
T-Mobile also has a wide range of plans including some with annual phone upgrade options. Verizon's 5G coverage area is still smaller than T-Mobile's, but the carrier has still made rapid progress ...