Every smart person who is ready use do-it-yourself (move) usually wonders how much it costs to hire a moving truck. It is no more news that renting a moving truck to transport your belonging is one of the cheapest ways to move. Yeah! Do-it-yourself (DIY) move through moving truck rental has been found to be an excellent idea for both long and local distance moves. There are many reliable moving truck rental services out there that can make the job easier for you. For further info on reliable moving truck rental companies, you can choose for your move, read our post on “Best Moving Truck Rental Companies.”
While renting a moving truck is a cheaper option for your move, there are some issues about getting the actual cost of truck rental. There is no doubt the cost of renting a moving truck is relatively lower than hiring a professional moving company. Obviously, when you do-it-yourself, you rent a moving truck, and as well as get your relatives or employees to help you in packing, loading, and unloading or even hire loaders if there is no one to help you out. However, there are some hidden costs associated with truck rental. If you are not aware about these costs, you may not accurately budget for your move.
To prevent such occurrence, it is essential to know how much it costs to rent a moving truck. Many factors contributed to the determinants of the moving truck rental pricing and costs. Your overall cost is based on a number of components as required by your move. For a start, first ask yourself the following questions:
Is my move a long or local distance?
Will I be able to drop off the moving truck rental at the initial location it was picked up?
What is the level of insurance policy required by my move?
Is my distance less than 300 miles or over?
These and many other questions as they are related to your move should be asked and answered to estimate the cost for your choice moving truck. At the end of this post, you would be able to determine the estimated cost of renting a moving truck. Moving Feedback tries to break it down for proper understanding of the processes involved. Let’s dive into it.
Typical Cost of Renting Moving Trucks Based on Size and Distance
Apart from other related costs, a rough guess for cost of renting a moving truck is based on size and distance. There are different sizes of trucks and it is expected that you rent one based on the volume of items to be moved. Renting 10” moving truck for a 3-bedroom apartment is no going area. Likewise, renting an over-size moving truck such as 26” moving truck for a small room apartment does not economically make sense.
Tabulated below are the typical costs of moving truck rental:
|Truck Size||Suitable Apartment Move||Price Range Per Day||Price Range Per Mileage (Additional Charges)|
|10ft rental truck||It is suitable for 1-bedroom apartment moves||$20 - $30||$0.69 - $1.10 per mile|
|14ft rental truck||It is suitable for 1-room residential moves – up to 10,000 pounds||$30 - $40||$0.69 - $1.10 per mile|
|17ft rental truck||It is suitable for 2-bedroom residential moves – up to 13,000 pounds||$32 - $42||$0.69 - $1.10 per mile|
|20ft rental truck||It is suitable for 3-bedroom residential moves||$40 - $50||$0.69 - $1.10 per mile|
|24ft rental truck||It is suitable for 4-bedroom residential moves||$42 - $52||$0.69 - $1.10 per mile|
|26ft rental truck||It is suitable for 2-bedroom residential moves||$45 - $55||$0.69 - $1.10 per mile|
However, this is just a typical cost, as it may vary based on each moving truck rental company. You have to confirm the actual cost per sizes from your chosen company. In column 4, rental companies do charge a certain dollar for every mile covered with the truck but varies based on the individual rental company and as well as the day of the week the truck is hired. So, if you want to calculate your cost of renting a moving truck, it also depends on how far you move – which is referred to as mileage.
Besides the above-listed costs, there are other hidden costs associated with renting a moving truck for your move. This will be discussed next.
Hidden Costs of Renting a Moving Truck
When we talk about the hidden costs of renting a moving truck, we are relating to what it takes to drive your own car. I think you would need to fuel the car, cater for a breakdown if it happens, carry out other necessities on the vehicles such as insurance, and others. Now, when it comes to moving your stuff with hired moving truck, you would need to care for your belonging in terms of handling to prevent damage and all sorts of that. There are some other things you may not even think of when you are renting moving truck for your move. They are as analyzed below:
One of the hidden costs of renting a moving truck is the cost of filling up the gas tank of the truck. Many moving truck renters usually think the company will fuel the truck for them; however, this is based on the agreement with the truck owners. Typically, most moving truck companies allow the consumer to fuel the truck based on the distance of their moves. The companies usually specify on their profile pages the amount of gallon their trucks will consume per 10 miles.
The gas level of the truck will be first marked before the truck is taken away and you must leave the same gas level when you are returning it. It means you have to refill if you use it below the marked level; else, you would be charged a higher amount than what it supposed to be.
When you are renting a moving truck to move your belongings, and you are driving it yourself; two insurance packages are required – insurance policy to cover your stuff and as well as a truck insurance policy in case of an unforeseen incident on the road. Most auto insurance policies are not enough to cover commercial vehicles like moving truck; hence, you would need to purchase truck insurance policy from the truck rental company. This varies based on the rental service you choose and as well as the mileage to be covered. Most truck companies offer insurance as an option, but it is advisable to buy the companies’ insurance as they have been reviewed to be cheaper than buying from outside.
For example, U-Haul charges $29 daily for full coverage and $15 daily for liability insurance. However, typical insurance liability coverage for your move is at an average of $20 per day
Insurance Rider Cost
Another type of insurance cost you may incur by renting a moving truck is insurance rider cost. In the process of driving or maneuvering the truck in your compound or in the new home, if you damage a property, you will be liable to pay for such damage because you are the one that damage it by not preparing a free way to drive the truck. To cater for such an incident, you would need to buy an insurance rider to be on a safer side.
Cost Related to Breakdown Issues
Some rental truck service providers cannot be trusted for regular maintenance of their trucks. In the case your truck develops a fault on the highway when you are conveying your belongings; it may take a few hours before the company sends a replacement. In such a situation, you may spend an additional expense by moving and transferring your load to a new truck sent by the company.
Cost of Protecting Fragile Equipment
Fragile equipment would require additional packing pad to protect them from damaging in the truck during haulage. These materials are not expected to come with the moving truck; hence, you need to provide for padding materials as much as required for the number of fragile items among the items to be moved
Apart from the above, moving truck rental cost can as well take other ways. Now, let’s look at the cost of renting a moving truck in other dimensions.
One-Way Long-Distance Moving Truck Rentals
One-way truck rental is another way to get a great deal from moving truck rentals. In this method, you are expected to pick up the moving van or truck at a particular location, use, and return it at another location. It has been studied to be one of the most convenient systems for renting a truck. However, it is also the most expensive compared to other ways. For instance, a one-way truck rental of 12”- to 16”-foot truck on a weekday, especially in October, may typically cost about $400 from New York City to Boston and $500 for a bigger size of 22”- to 26”-foot truck. This includes tax and other fees.
A Round-Trip Moving Truck Rental
On the other hand, a round-trip moving truck rental is another way to rent moving truck where you return the truck to the same point it was picked up. This method has been found to be more economical by saving cool cash on your truck rental. It is a great option for regional moves. However, the cost varies based on the city and truck size you choose. For example, it costs around $70 – $80 per day for a round-trip moving truck rental with unlimited mileage. This price is applicable in Providence, Rhode Island. You can check your locality to know your match.
There are some other pieces of information worthy of sharing regarding the cost of moving truck rentals. In summary, while a low-end moving truck rental is estimated at $48 – $74 with distance traveled of 40 miles, a high-end moving truck rental is estimated at $1,900 – $3,080 without limit to the mileage covered. Apart from the typical cost of renting moving truck as estimated above, you should also be aware of the following:
- You need to procure the materials required to make your move smoother once the truck rental has been settled and ready for loading. Some of these moving supplies or materials include moving boxes, bubble tape, labels, packing tapes, rolling cart (can be rented as well), drop cloths, and as well as required tools to disassemble and reassemble of your pieces of furniture, if necessary.
- Prepare a good driving and packing ways for the truck before arrival. There have been some cases whereby trucks damage driveway flowers of block work in the premises. To avoid such occurrences, prepare enough spaces for packing and driving that are perfect and save in both current and new apartments.
- You may not accurately determine the hours or time it will take a moving truck to finish your job. However, this largely depends on the volume of your belongings and as well as total distance requires. Don’t forget there are unforeseen incidents on the road. Typically, a standard move should take a few hours or days if all things equal.
- Don’t be surprised that many moving truck rental services may charge an extra fee for late returns or wrong returned location as against agreement signed with them. It is advisable to read the company’s terms and conditions before signing any agreement with them.
- The price rates of a number of moving truck rental companies are lower during weekday compared to weekend or peak moving period.
There is no doubt that renting moving truck for your move is far cheaper than hiring a professional mover. However, many consumers are ignorant of the actual costs of renting a moving truck for their DIY move. Truly, this can be challenging due to many hidden costs associated with moving truck rental. This post has done justice to all these confusions and you can now settle down and estimate how much your DIY move will cost you. Stay tuned for more informative posts from this page!