Binding vs. Non-Binding Estimates: What’s the Difference?
Here’s the quick answer: A binding estimate locks in the amount you’ll pay for your move, while a non-binding estimate is subject to change depending on the actual weight of your belongings and other key factors.
While binding estimates are typically the better option, non-binding estimates can be useful in comparison shopping the best moving companies.
What is a moving estimate & why does it matter?
A moving estimate is a moving company’s best approximation of your total costs based on your specific relocation details. Moving quotes are heavily influenced by the size, so your price could change if you underestimate how much stuff you have.
Typically, movers calculate cost based on the total weight of your belongings, but in some cases, they may look at the estimated cubic feet of your belongings. From there, they will factor in distance and other factors — like whether movers will have to haul items up and down stairs — and will give you a binding, non-binding, or “not-to-exceed” quote. Make sure you receive a quote in writing.
This written estimate should include all relevant information for your quote, including size, transportation and storage costs, liability coverage, taxes and fees, and charges for any additional services you select.
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Binding vs. non-ninding estimates: Definitions
Before you book a mover, it’s important to understand the differences between the two — including positives and potential downsides — so you can get the most accurate pricing possible.
What is a binding moving estimate?
A binding moving estimate guarantees the amount you will pay for your move. Even if your belongings weigh more than expected, your costs will not increase as long as you don’t add any furniture or boxes that weren’t included in the initial estimate. However, if the move weighs less than expected, your costs will still stay the same.
What is a non-binding moving estimate?
Like binding estimates, a non-binding estimate is typically based on the weight of your move. The big difference between the two is that a non-binding quote doesn’t guarantee your final costs. Instead, after your belongings are loaded on the moving truck, the truck will be weighed and your price will be adjusted accordingly to account for any discrepancy between the initial quote and final weigh-in.
Binding vs. non-binding estimates: Key differences
Let’s break down some of the key differences between binding and non-binding estimates. These details are often the main deciding factors when choosing which estimate is right for your specific move.
Predictability vs. flexibility
Higher upfront costs vs. surprise fees
How to get accurate moving estimates
A detailed quote is crucial to staying on budget, but there’s more to that than just selecting a reputable moving company.
Be detailed and thorough
Request in-home or virtual surveys
Ask about extra fees and conditions
Compare estimates from multiple movers
Choosing the right estimate for your move
Which type of estimate is better for you largely depends on the unique circumstances surrounding your move.
Here are some scenarios to consider for each option:
You may want a binding or “not-to-exceed” estimate if:
- You’re sure you won’t be adding any items at the last minute
- You want to know upfront exactly how much you’ll pay
- You already know which services you will need
A non-binding estimate may be a good fit if:
- There’s a chance your move size could increase between the original estimate and moving day
- You have a small move that you have accurately measured in terms of weight and volume
- You aren’t able to coordinate an in-person or virtual estimate
- You’re fully aware your moving costs could increase or decrease
The best movers for accurate pricing
We’ve researched and analyzed thousands of movers across the country and these are our picks for transparent and affordable costs and multiple pricing options, including “not-to-exceed” quotes and price-match policies:
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FAQ
Are binding estimates always more expensive?
Can non-binding estimates turn into binding agreements?
What happens if my move costs less than the binding estimate?
Should I always get multiple moving quotes?
Our rating methodology
At moveBuddha, we understand that all moving companies aren’t created equal. We undertake a rigorous review process to rate and review moving companies to ensure we provide accurate recommendations.
Here’s a breakdown of the methodology we use to rate movers:
- Customer satisfaction: In addition to looking at reviews with the BBB, Google, and other third-party sites, we rely heavily on interviews with Better Moves Project participants to understand the pros and cons of each mover.
- Standard services: We look at what services are included as part of a company’s standard offerings, and which ones you can only get for an additional fee.
- Reputation: We evaluate a company’s industry ratings, including aspects like carrying sufficient insurance coverage and compliance with applicable regulations.
- Add-on services: We look at any add-on services that can simplify a move, such as custom crating or storage options — services that aren’t offered by all moving companies.
- Availability: The areas a company serves — as well as whether they offer local, long-distance, or international services — is another important consideration. Widespread availability is most useful.
- Type of mover: A moving company’s capability (such as full-service vs. DIY) will directly impact its service offerings.
- Payment: Ease of making a payment (including submitting a deposit) with multiple options (credit card, check, cash, etc.) can also make moving easier.
- Scheduling: How easy is it to book a move? What kind of lead time is needed? Readily available booking services and streamlined scheduling will help get your move underway.
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