Comcast is introducing the option to choose a five-year price guarantee when customers sign up for a new Xfinity Internet package.

The nationwide offer includes Xfinity’s best-in-class WiFi gateway and unlimited data – for one simple monthly price starting as low as $55 per month. The rate is locked in for five years with no annual contract required, giving customers the freedom and flexibility to cancel at any time without penalty.

The price guarantee is rolling out as part of Xfinity’s mission to deliver transparent, nationwide pricing that is clear and consistent, and increase the value customers receive from its fast, reliable, and secure Internet products, the company said.

“We’re addressing two significant consumer pain points – rising costs and transparency – with incredible value and easy-to-understand pricing that is locked in for five years,” said Steve Croney, COO of connectivity and platforms at Comcast, in a statement. “Our new price guarantee removes complexity, and when our customers also take mobile, they get the nation’s largest converged network, which automatically delivers gig speeds wherever they go.”

Customers who sign up for Xfinity Internet and opt for the new five-year price guarantee will receive:

Reliable, Powerful WiFi: New customers will receive an Xfinity Gateway that delivers incredible bandwidth capable of connecting upwards of 100 devices across the home. They also have access to Comcast’s WiFi network, the largest and fastest in the nation, to extend their connectivity experience on the go for no additional cost.

Unlimited Data: Unlimited data is included for every customer who chooses a plan with a price guarantee.

Xfinity Mobile Included: The five-year guarantee includes an unlimited Xfinity Mobile line at no cost for a year.

Gig Speeds at Home and On the Go: More than 90 percent...