There are two main types of moving estimates you’ll encounter when requesting a quote from a moving company: binding and non-binding estimates. While both have things in common—mainly that you get an estimated cost of moving—there are some key differences, which we will review in this blog post.
A binding estimate is an agreement in which you agree to pay a set price for moving services. This type of estimate is more or less “set” in that it can’t be increased or decreased based on the weight of the load being transported. This type of agreement can cut both ways, however. If your belongings weigh less than anticipated, you still pay the same as if they were slightly more than expected.
There is some peace of mind in knowing that the cost is set and will be basically unchanged, but it’s not always the most cost effective, especially for smaller loads. It’s also important to understand that more costs can be incurred if additional services are needed. This could mean anything from extra equipment needed to move anything heavy or oversized, to extra boxes and supplies needed. If you need services outside of the agreed upon binding estimate, those will still cost more.
The bulk of price quotes in the moving industry are issued as a non-binding estimate. What this means is that the cost is not fixed as it would be in a binding estimate, which allows for some fluctuation in pricing based on factors such as time, labor, load weight, and moving and packing supplies.
A non-binding estimate is often the cheapest method of hiring a moving company, particularly for in-state and local moves. These types of estimates typically allow for a 10% price fluctuation based on the estimate, which means you could pay slightly more or slightly less than the quote. Local moves fit nicely in this category since they involve shorter distances and are often billed hourly rather than by the job.
Would like a FREE no obligation cost estimate for home moving or auto transport services? Click here for an instant price quote for car shipping, or get a FREE estimate for moving services here!
What Is Cost The Estimate Based On?
Home moving estimates are typically based on the weight of the items being moved. In many cases, this has to be roughly calculated based on how many rooms of furniture need to be moved. In an ideal case scenario, the person setting the estimate does an in-house review of your belongings to get a more clear idea of the estimated costs and any potential overages.
Weight also plays a major role in the estimation of vehicle shipping quotes. These are typically easy to find since most makes and models are consistent in size, shape, and weight for the most part. The other factor in car shipping is the distance being transported, which often has a per mile rate as part of the contract.
Home Moving & Auto Transport Resources
Long Distance Moving - Our informational guide to long distance moving that covers virtually every aspect of relocating with tips, advice, and resources for different areas of the United States and Internationally.
Car Shipping Rates - A resource page with more information about the cost of auto transport, with some examples of what types of different services are offered and how much they cost.