The Average Cost of a U-Haul Moving Truckby Melvin Richardson
When you are ready to move to a new home or apartment, renting a U-Haul truck could make your move a lot easier. You will have a variety of sizes to choose and different prices. They also have a pick-up truck and a cargo van you can choose from as well. The total cost will vary because there are other factors to consider such as the distance you will be driving and other expenses, including insurance.
The trucks at U-Haul vary in price and size. They have a 10-foot truck priced at $19.95, a 14-foot truck priced at $29.95, a 17-foot truck priced at $29.95, a 24-foot truck priced at $39.95, and a 26-foot truck priced at $39.95. Taking all of these trucks into consideration, the average price of a rental truck would be $31.95. If you prefer a pick-up truck or a cargo van, either can be rented for $19.95.
Insurance and Mileage
You can never determine for sure how much your total costs will be. When you rent a truck, you will incur other fees such as insurance. The liability insurance is $15 per day, and full coverage is $29 per day. The insurance is optional. The insurance you have on your own car may cover the truck. U-Haul will also charge you for each mile, and the price can vary. Some stores charge 79 cents per mile, and others charge 99 cents per mile during the week. On the weekend, your cost per mile could be as much as $1.29.
U-Haul will access an environmental tax, which is $1 per day for truck usage. They also charge a rental tax, which apparently takes the place of the sales tax, somewhere in the area of 6 to 10 percent, depending on your location.
When you pick up your truck, it will have a certain amount of gas in it. You must return the truck at the same level of gas as it was when you picked it up. If you don’t return it at the same level, the U-Haul attendant will fill the truck for you right on the premises, and you will be charged a price substantially higher than what you would pay at a gas station.
Always be prepared to pay more than the price of the truck. Let’s assume your trip takes place on Saturday Say you rent a 17-foot truck for $29.95. You get full coverage insurance, which is $29. The environmental tax $1, and the rental tax is 8%. The mileage expense could be $1.29 per mile; if your entire trip is 35 miles, the total will be $45.15 for mileage. On your way back, you stop at a gas station to refill the tank at a cost of $25. Your total cost, including the rental tax, will be $140.50.
Melvin J. Richardson has been a freelance writer for two years with Associated Content, and writes about topics such as banking, credit and collections, goal setting, financial services, management, health and fitness. Richardson has worked for several banks and financial institutions and gained invaluable experience and knowledge. Richardson holds a Master of Business Administration in Executive Management from Ashland University in Ashland Ohio.