Average Cost of Moving Truck Rentals

Rental moving trucks are frequently utilised for do-it-yourself, minor, and short-distance moves. But if you want to save money on your move, you might consider renting a moving truck. Renting a moving truck for your relocation can not only reduce the expense of your move but will also provide you with the flexibility to select when to begin and end your move. A variety of things must be considered when determining the cost of renting a moving truck. We created this guide to assist you in understanding the breakdown of truck rental costs for your relocation.

How Much Does It Cost to Rent a Moving Truck?

If you are planning to rent a moving truck for your upcoming move and are not sure how much to budget, here is the breakdown. It can cost you anywhere between $20 and $3200 in Melbourne, depending on the truck, rental company, size of vehicle, and distance of your move. Below is a breakdown of the average cost of renting a moving truck.

Additionally, to determine and reduce the cost of truck rental, it will be necessary to understand the factors that influence the price of renting a moving truck.

Factors That Affect The Cost Of Renting A Moving Truck

1. Moving Distance

The distance you have to travel when moving from one place to another is a big factor in how much it costs to rent a moving truck. If you have to drive the truck a long way, it will cost you more. In addition to the basic rental rate for the truck, they also charge you for each mile you drive, and there may be extra charges like taxes and any extra things you may require for the move. Additionally, when you are moving long distances, it is important to consider the fuel expenses since the truck consumes more fuel the farther you travel. Some rental companies may require you to bring the truck back with the same amount of gas as when you got it, so you need to plan for that too.

2. Moving Duration

The duration for which you rent a moving truck also significantly influences your overall cost, as most rental companies use a daily rate to determine the final moving cost. The longer the rental period, the greater the cost, and if you are unable to return the vehicle on time, the extra charges will be added to your final bill. For efficient budgeting, it’s crucial to complete your move within the shortest time frame possible to avoid unnecessary extra rental days. Additionally, consider the day of the week for your move because it also impacts the costs, as some companies offer varying rates for weekdays and weekends. 

3. Moving Season

The cost of moving a truck also varies based on its demand, as the majority of moves happen during the summer season so it will usually cost you more during the summer. The truck rental companies in Melbourne tend to charge more during busy times of the year when many people are moving, like holidays and long weekends, etc. These are called peak seasons, and truck demand is high, leading to higher prices. If you want to save on your moving truck costs, it’s a good idea to consider moving during quieter times, like the winter months or on weekdays, when rental rates are often lower. Choosing the right time for your move can help you keep your budget in check.

4. Moving Truck Size

The size of your moving truck will be determined by the size of your home and the number of items you need to transport. The length of a moving vehicle is frequently used to classify its size. The smaller trucks are usually around 10 feet long, while the largest are over 26 feet long. The larger the vehicle you rent, the higher the fee. 

• Smaller Trucks: Smaller trucks are often less expensive to rent, but they have limited space and might require many trips for major moves. However, these trucks are an excellent choice for people who need to relocate from a studio or one-bedroom apartment. These trucks have a load capacity of around 2000 to 4000 pounds and are about 10 to 12 feet long. These smaller trucks may cost between $20 and $30 per day to rent. 

• Mid-Size Trucks: Mid-size rental trucks offer a good blend of space and affordability and are ideal for medium-sized removals. If you intend to move out of your 2 or 3-bedroom apartment, this size truck is an option. These trucks range in length from 14 to 20 feet and have a load capacity of 3500- 6500 pounds. The average cost of renting a mid-size truck is $40-$80 per day.  

• Larger Trucks: These trucks are more expensive, but they are suitable for larger moves, lowering the need for repeated journeys. If you are moving out of a larger house with four or more bedrooms, you may require a larger vehicle. These larger trucks can carry approximately 8000-10,000 pounds over a vast area of approximately 22-26 feet. Renting these trucks may cost you between $60- $100. 

Here is a clear breakdown of the truck sizes, their capacities, suitability for different types of moves, and the average cost range associated with each size

Additional Costs

Below are some of the additional costs that affect the overall cost of a rental truck for your move.

1. Insurance 

While insurance adds to your overall expenses, it can offer peace of mind by safeguarding against unexpected events like accidents or damage to your belongings. Rental companies offer various insurance options to cover potential damages or accidents during your move. The cost of insurance can vary depending on the coverage level you choose. The average cost of insurance is around $20 to $40 per day. You can also opt for more comprehensive coverage, which will tend to be more expensive but will provide you with greater protection. So, make sure to consider your insurance needs and budget when deciding on coverage.

2. Taxes

Taxes can significantly affect the final cost of renting a moving truck. Be sure to inquire about any applicable taxes in your area when budgeting for your move. The amount of tax you pay depends on local tax rates and applicable regulations. Taxes are a mandatory cost that can’t be avoided but should be considered in your overall budget. 

3. Tolls

Tolls can be a notable cost to consider when renting a moving truck, especially for long-distance moves or journeys that involve toll roads. The amount you’ll spend on tolls depends on your route and the specific toll roads you encounter along the way. It’s crucial to plan your route carefully, taking into account potential toll expenses. Research the toll roads on your route and their associated costs in advance. To manage toll expenses effectively, factor in the toll costs when budgeting for your move.

4. Moving Equipment Rentals

You may require additional moving equipment like dollies, furniture pads, or straps to facilitate your move. Rental companies charge extra for these items. While this equipment increases your upfront costs, it can make the moving process smoother and protect your belongings. So, consider your specific needs and budget for the necessary equipment accordingly to keep a check on the overall cost of renting the truck for your move.  

5. Packing Supplies & Moving Services:

Purchasing packing supplies like boxes, tape, bubble wrap, etc. from the rental company or hiring moving labour or professionals for loading and unloading can add to your expenses. Factor in these packing supplies if you choose to buy them through the rental company or separately. Hiring moving services can be convenient but will increase your moving costs. Analyse whether this added convenience is worth the expense based on your unique needs and budget for your move. 

6. Damage, Cancellation & Late Fees

Uncertain costs such as damage fees, cancellation charges, and late return fees can significantly impact your moving budget, and their exact amounts vary depending on the rental truck company you choose. Damage fees may apply if the truck sustains damage during your rental, while cancellation fees may be imposed for last-minute reservation changes. Late return fees are incurred if you don’t bring the truck back on time. These charges vary based on the rental company’s policies. So make sure to speak with the rental company to determine what costs you can expect to incur during the process.

Tips For Renting A Moving Truck

• Plan in Advance

Booking your rental truck well in advance is a wise move. This ensures you secure the best rates and have access to the truck size that suits your needs. Especially during peak moving seasons, last-minute reservations can result in higher costs and limited availability. Alongside this, creating a detailed moving schedule is essential. This schedule should include the rental truck pickup and return dates, allowing you to allocate sufficient time for packing, loading, and unloading. Having a clear plan helps smother the moving process and minimises the chances of last-minute rushes.

• Calculate the Mileage

Estimating the distance you’ll be travelling during your move is crucial. Knowing the mileage helps you in several ways. First, it aids in selecting the right-sized truck for your belongings. Secondly, it assists in budgeting for fuel expenses. Some rental companies charge per mile, so understanding your expected mileage is essential for cost planning. Accurate mileage estimates prevent budget surprises and ensure you’re financially prepared for your move.

• Get Insurance

When renting a moving truck, it’s vital to evaluate the insurance options offered by the rental company. While basic coverage might be included, it’s worth considering whether additional insurance is necessary. This additional coverage can protect your belongings and reduce potential liability for damages or accidents during the move. Be sure to understand the coverage limits and any deductibles associated with the insurance. This knowledge will help you make an informed decision about the level of protection you require.

• Move In Winters

Choosing to move during the winter months can be advantageous. Winter is typically an off-peak season for moving, which means you may benefit from lower rental truck rates and greater availability. To make the most of this, ensure your move is well-prepared for winter weather conditions. This includes checking that your rental truck has appropriate tyres and essential items like shovels, salt, and warm clothing. Being ready for adverse weather conditions can help ensure a smoother winter move.

Conclusion

The cost of renting a moving truck in Melbourne can fluctuate significantly due to a range of factors, including the size of the truck, the distance of the move, and the duration of the rental. To make your move as cost-effective as possible, it’s crucial to plan, accurately calculate your mileage, consider insurance options, and choose the right time of year for your move. If you’re looking for a reliable and efficient solution for your relocation needs, consider Harry The Mover. Our experienced team is dedicated to making your move smooth and stress-free. Whether you’re moving locally or long-distance, our professional movers will provide top-notch relocation services tailored to your specific requirements. With our expertise and commitment to customer satisfaction, you will receive the best.