Renting a moving truck is one of the most affordable ways to move. Commonly referred to as a do-it-yourself (DIY) move, a rental truck is a great option for both local and long distance moves. Although rental truck pricing is relatively simple to understand, there are also a lot of misconceptions as to how much a truck rental will cost. We've created a simple breakdown that will tell you everything you need to know about the cost of renting a moving truck.
Renting A Truck for A Local Move
A rental truck being used for a local move (defined as being picked up and returned to the same location) is incredibly affordable. There are two rates that apply to local truck rentals:
Day Rate: This is a set amount you are paying for the truck itself and is most commonly what you see on advertisements. Rates will likely be higher during peak season, but you should expect to pay between $19.99-$29.99/day for a 10'-17' truck and $29.99-$39.99/day for 20'-26' trucks.
Mileage: In addition to the day rate you will also be responsible for the mileage. These rates also differ in peak season, but the typical mileage rate is $0.69-$0.79/per mile during the week and $0.99/per mile on the weekends.
Renting A Truck for A Long Distance Move
One way truck rental rates will vary based on a variety of factors: Distance of the trip, truck size, customer demand, route popularity, time of year (e.g. peak season), etc. You can obtain a one way rental quote online from any major truck rental company. It's important to know that your quoted price will include the mileage and a specific number of days (the number of days is based on the distance being traveled).
Additional Costs & Options to Consider
In addition to the rates we've discussed so far you should also be aware of additional options, such as insurance and furniture blanket rental, that may add to your total price.
Truck Rental Insurance: You are not required to purchase insurance for your truck rental but it's worth the consideration. It's very important to note that most auto insurance policies do not cover rented moving trucks. Just like with a rental car, there are commonly four different insurance options available for your rental truck, the most important being physical damage and liability. These rates also vary but you should expect to pay between $30-$40 per day for both of these coverage's.
Furniture Blankets: Having adequate padding to protect your furniture during a move is very important. Luckily, most rental truck locations will offer you the ability to rent furniture pads with your truck. Typical cost is between $15-$25/per dozen.
Moving Dolly: You can usually rent a moving dolly with your rental truck for $10-$15.
Renting a Truck
For both local and one way rentals there are three major rental truck companies: Penske, Budget and U-Haul. Rates will vary from company to company, especially for one way rentals, so it's important to shop around. Be sure to do your research and not to blindly select the lowest price. Take a moment to read our moving guide, "Truck Rental Companies - Who Do You Choose?" for additional resources.