If you’re looking to hire a moving company for your next move, you may have started to compare moving quotes. You might have noticed that you’ll find a wide range of offerings and prices for moving services. Moving company prices in New York City can range from dirt cheap to extremely pricey. Are the cheapest companies too good to be true? Probably. Are the most expensive worth the money? Perhaps. Do you get what you pay for? Usually. So why do moving companies cost what they cost? Is it overhead, profit, worker salaries? Here we lay out the top 7 reasons why movers are costly:

7 reasons why movers are costly

7. Office space

Most companies, even small ones, have some kind of overhead. A company’s office space can be a clue to its stature; everything from its financial health to its work philosophy. For a company, having an office can offer many opportunities to attract new talent, team-building, social life, investors and professional development. Of course, there’s been a debate recently over whether or not startups need office space at all. For entrepreneurs fortunate enough to run a growing business, an organized work space shouldn’t be so easily dismissed. Moving companies normally need a lot more space that other service business. They need room for storage, employees and parking for their trucks.

6. Staff salaries & employee retention

The moving industry consists of 7,000 companies operating at 13,900 locations primarily providing moving and storage services. This includes van lines, van line agents, independent full-service movers, international movers, forwarders, and auto transporters. Moving companies employ over 122,600 people with an annual payroll of $3.6 billion. Hiring competent individuals to be a part of your company is a job in itself. As a business owner, you want to hire the smartest people in your industry.

Moving companies in New York City invest heavily in staff training from their sales team to the movers themselves. These individuals must be trained in company culture, practices and protocols. And you want to make sure you’re hiring a company that fairly compensates the people who will be doing the heavy lifting and hard labor. Moving companies also have to buy proper uniforms for their employees so they’re all in unison on a move. These expenses are essential for moving companies to compete, grow and maintain a business with industry professionals

5. Equipment & Supplies

Vehicles

This is obviously the biggest equipment expense that moving companies incur and one of the top 7 reasons that movers are costly. Buying commercial trucks and keeping them maintained is very costly. Fuel, and tolls (which are much higher for trucks) are also extra costs that much be considered.

Blankets

Moving blankets are very important to every move. “How will you protect my furniture?” is a question that’s asked on a regular basis whenever speaking with potential customers. Properly protecting your furniture is vital to any moving companies success. This is usually done with high end, quality blankets that are difficult to tear or rip offering the best in protection.

Packing Tape

You’re not the only ones who use tape – your movers will likely use a lot of it to hold the blankets in place. This makes sure your furniture stays completely covered and protected.

Shrink Wrap

This is a technique our moving company loves to use because it gives added protection. We train our movers to protect your furniture using blankets, tape and shrink wrap. With over 15 years in the moving industry, we have master the shrink wrap “wrap”.

Boxes

If you ever hire us to do a pack and move, we bring the supplies, pack up your items and move you in the same day. You won’t need to go get boxes because we’ll deliver them to you for free. When you buy boxes from Stride we sell them to you at the same wholesale rate we bought them – without making a profit.

4. Insurance

Moving is one of the most high risk industries out there. Moving companies need general liability insurance, auto insurance for their trucks, workers’ comp, umbrella liability and sometimes more. And this isn’t anything like the auto insurance you have for your personal car. It would blow your mind to hear how expensive commercial auto and other insurance policies are, especially in New York. If your moving quote is really cheap – the company most likely doesn’t have insurance.

3. Marketing

How did you hear about your moving company? Word of mouth is great, but it’s not enough in this day and age. To be competitive in the moving industry, you need to invest in Google Ads, a great website, social media advertising, as well as steady marketing. Maintaining a professional online presence takes a large investment in time and money.

2. Branding

This goes hand in hand with marketing. Everything from business cards to painting trucks helps companies become household names. Professional branding shows that your company has a professional attitude toward everything they do – and that extends right down to the movers who show up at your door.

1. The owners are trying to make a living …just like you

At the end of the day, after all these expenses, a business has to make some kind of profit to stay afloat. New York City is an expensive place, and if you want people to do the heavy lifting, the driving and take on the liability for you – you’re going to need to pay some money. But your belongings are worth a lot, and so is your peace of mind. So it might be enticing to go with the cheapest quote you can find, but we would encourage you to do your research to understand what went into that price.

And there you have our 7 reasons why movers are costly. If you’re looking to move, look no further than NYC’s top-rated moving company – Stride Movers. We are committed to excellence and customer satisfaction. It would be our pleasure to be the movers on your next relocation. Get a free quote now.