How much does Budget Truck Rental cost?
If you’re moving locally and you want to keep things cheap by renting a moving truck instead of hiring professionals, Budget Truck Rental is your go-to option.
To fairly compare moving truck prices, we gathered over a hundred quotes from industry-leading moving truck rental companies. We found that Budget’s prices are consistently lower than U-Haul’s, and they’re the very best in the industry for local moves.
For moves under 100 miles, Budget’s average price was $27.60 with a $0.47/mile mileage rate. Compared to the industry average of $169.65 plus a mileage rate of $0.75 per mile, Budget’s local rates are an absolute steal.
The only company that can hold a candle to Budget’s local rates is Home Depot, but only if you can complete your move in one of Home Depot’s super small Load ‘N Go Trucks. If you're moving locally from a home with more than one bedroom, Budget is your best bet.
Budget’s long-distance rates are a different story, though. For moves over 100 miles, Budget’s average price was $2,080, while the industry average was $2,077. So, while Budget’s long-distance prices aren’t as good as Penske’s, they’re just about average.
These are just averages though, and Budget can sometimes have the best rates available for long-distance moves, like it did for this move from Iowa to Texas. The bottom line is that you should always get quotes from multiple companies.
To give you an idea of how much your Budget truck rental might cost, here are a few of the quotes Budget gave us:
Quotes for Budget’s 26-foot truck rentals
|50 miles||$38.38 + $0.47/mile|
Quotes for Budget’s 12-foot truck rentals
|50 miles||$21.14 + $0.47/mile|
Data as of October 2020. Prices do not include add-on services like moving coverage or additional equipment rentals. Offers and availability may vary by location and are subject to change.
Moving truck rental rates fluctuate daily because of supply and demand, so it’s impossible to predict exactly how much your Budget moving truck will cost until you get your quote. However, here are some factors that will always affect your price:
- Your move date
- When you book
- Your rental deposit
- Add-on rentals and services
- Moving coverage
If you’re curious about how each of these factors work together to determine your rental price, read our guide to moving costs.
The $150 deposit is fully refundable as long as you don’t bring the truck back dirty, with less gas than you started with, or past your allotted time. Plan accordingly, though: Sometimes the deposit can take weeks to hit your bank account.
Budget’s truck rental deposit
On top of your rental cost, Budget also charges a refundable $150 deposit for moving truck rentals. You’ll get the full deposit back as long as you don’t return the truck caked with mud, with less gas than you started with, or past your allotted time. Be warned that sometimes the deposit can take weeks to return to your bank account. Plan accordingly.
To make its competitive rates even better, Budget offers several discounts that can save you a lot of money:
- US military discount—20% off truck rental
- AARP member discount—20% off Sunday through Thursday and 10% off Friday through Saturday
- Police, fire, and EMT personnel discounts—20% off for local moves and 15% off for one-way moves
- Motor Club member discounts—20% off for local moves and 15% off for one-way moves
- Bar Association member discounts—20% off for local moves and 15% off for one-way moves
- Student discounts—20% off for local moves and 15% off for one-way moves1
Ready to get your quote?
See exactly what your moving truck will cost and snag a sweet discount while you’re at it.
Budget’s moving coverage options
While it costs extra, moving coverage is absolutely essential for a painless and carefree move. If you don’t purchase coverage to pay for unexpected damage to your moving truck or your belongings, you’ll be left footing the bill for whatever might go wrong. Even if you make it to your new home without incident, the peace of mind that comes with coverage is worth the price.
Here’s a list of Budget’s moving coverage options and what they cover.
Budget’s damage waivers cover the cost of physical damage to moving trucks and towing equipment.2 Budget has two different damage waiver options, each with specific exclusions:
- The first, called Physical Damage Waiver, covers all damage, so you’re financially responsible for no damage to the truck.
- The second, called Limited Damage Waiver, covers damage after the first $500. So, for example, if the truck suffered $1,000 of damage while you had it, you’d have to pay $500, then the damage waiver would cover the other $500. If the truck suffered only $500 of damage, though, you’d have to pay it all.
Supplemental Liability Insurance
Supplemental liability insurance (SLI) protects you from third-party property damage or injury claims made by third parties against you while you’re driving your Budget truck. Keep in mind that there are exclusions. For example, SLI won’t protect you if you operate your truck in a way that violates your rental agreement.3
Budget’s personal and cargo insurance covers two types of damage in case of a collision:
- Bodily injury to you and your passengers
- Damage to your household goods
There are a lot of exclusions, and this coverage doesn’t apply to items like jewelry, antiques, and firearms, so be sure to check the terms and conditions before you hit the road.4
If you need to tow a car during your move, auto tow protection covers damage to the towed vehicle as long as you tow it behind your Budget truck on a Budget tow dolly or car carrier. This coverage comes with a $250 deductible. As with all types of coverage, there are also some exclusions.5
Roadside SafetyNet is Budget’s version of roadside assistance. It gives you access to Budget’s 24/7 roadside assistance hotline, which can help you in case of certain events:
- Flat tires
- Lost keys
- A broken window or windshield
- A dead battery
- An empty fuel tank
- And more6
Roadside SafetyNet only covers these events if they happen to your moving truck, not to your personal vehicle. This is Budget’s most basic coverage option, but it’s also the one you’re most likely to use. Even if you forego other types of coverage, you should still pay for roadside assistance.
All coverage options are subject to provisions, limitations, and exceptions. Individuals should review their rental contract—including addendums—for a complete description of the policy's terms, conditions, and exclusions.