What is a binding vs non-binding moving estimate?
Quick Answer
A binding estimate locks in the price - you pay the quoted amount even if the move weighs more. A non-binding estimate is a guess that can change based on actual weight. A binding not-to-exceed estimate caps the price but lets it go lower.
There are three types of moving estimates, and understanding the difference can save you hundreds or thousands of dollars.
A binding estimate is a guaranteed price. The mover commits to the quoted amount regardless of the actual weight or time. If the move ends up being heavier than expected, you still pay the original price. However, if you add items that were not in the original inventory, the mover can issue a revised binding estimate.
A non-binding estimate is not a guarantee. It is the mover's best guess based on the inventory you describe. The final price is determined by the actual weight of your shipment, which is measured at a certified scale. Non-binding estimates often come in 10-25% below the final bill because movers tend to underestimate to win the job.
A binding not-to-exceed estimate is the best option for consumers. It caps the maximum price at the quoted amount but allows the price to go lower if the actual weight is less than estimated. You get price certainty with downside protection.
Always get estimates in writing. Federal law requires interstate movers to provide a written estimate before loading. For the most accurate estimate, request an in-home or video survey rather than a phone quote.