Understanding moving truck rental prices
Because no two moves are exactly the same, there isn’t an easy answer to how much truck rental costs. This is especially true for a long-distance/one-way move where rates can vary thousands of dollars between companies. But if you’re just getting started on your moving budget, it can be helpful to look at examples to see how all the different fees add up to your final cost.
Keep reading to see how much different rental truck companies charge for a sample move (and then see how another option may be a better fit).
How much do moving trucks cost? A real-life example
To help you get a look at what truck rental costs could be, we got quotes from three of the most popular truck rental companies — U-Haul®, Budget® and Penske® — to see how much it would cost to move a two-bedroom home from Salt Lake City, UT, to Birmingham, AL. We factored in:
- the truck rental rate (with the equipment each company recommended for a two-bedroom home)
- fuel (based on 10 MPG at current fuel costs in January 2021. This totaled $420 for this 1,766-mile trip)
- the basic liability coverage offered by each company
- any additional fees
- taxes (based on the Salt Lake City tax rate of 7.75%)
The U-Haul quote was:
- 20’ truck (7 days, 2,154 miles): $2,381
- Environmental fee: $5
- Safemove® damage protection: $112
- Fuel: $420
- Taxes: 193.59
The Budget quote was:
- 26’ truck (7 days, unlimited miles): $3,429.90
- Complete protection package: $442.26
- Fuel: $420
- Taxes: $300.09
Note: The Budget quote included a bigger truck since they offer fewer equipment sizes.
The Penske quote was:
- 22’ truck (7 days, unlimited miles): $3,150
- Environmental fee: $9
- Limited damage waiver: $248
- Fuel: $420
- Taxes: $264.04
Find the best rates for your move
If you’re finding truck rental quotes to be more than you expected, check out these tips for getting the cheapest truck rental rates possible. Or consider an alternative! For many people moving long-distance, U-Pack is often the best option. For that same move above, U-Pack quoted:
- 15 linear feet in a moving trailer (similar in space to the 20’ U-Haul): $2,863
- Liability coverage: included
- Fuel: included
- Taxes: no extra charge
For less money than renting a truck, you could get the same amount of space and not have to drive. When comparing moving truck costs, saving money and time is a win-win.
U-Haul® is a registered trademark of U-Haul International, Inc. Budget® is a registered trademark of Budget Truck Rental, LLC. Penske® is a registered trademark of Penske Truck Leasing Co., L.P. Use of third-party trademarks or registered trademarks does not imply any affiliation with or endorsement by such third-party.
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