Activating new IPhone on Verizon?

I have an iPhone 4S with Verizon and I recently cracked the screen. I want to buy the iPhone 5 from Apple but I was wondering if it would cost money to activate it and how I would activate it when I get it? I understand I would have to pay for the phone but I was just wondering if there were any other fees and if it was even possible to activate a different phone if I'm on a contract

If you buy the phone at full retail price, you can activate it for free with Verizon. There are no activation fees.

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