How much does Penske cost?
Penske costs anywhere from $35 to $2,800 (compared to $550 to $12,000 for a full-service move), which makes it an affordable choice for long-distance moves.
We found that Penske has the most transparent pricing for one-way moves compared to other truck rental companies. Plus, with Penske’s environmentally-friendly diesel trucks, you’ll get more miles from each gas station fill up—saving you money.
The company also includes mileage in its one-way quotes upfront and won’t tack on hidden fees after the fact. Based on our research, Penske doesn’t seem interested in shortchanging you or advertising too-good-to-be true prices.
To give you an idea of how much a one-way move would cost, we shopped for prices for a move from Denver, Colorado in a 16-foot rental truck with limited damage waiver coverage and no add-ons. Here’s what we found.
Penske rental truck rates for one-way moves
Moving to Seattle, WA
Moving to Cleveland, OH
Moving to Miami, FL
Rental truck base price*
Highest coverage cost (LDW)
Total cost of move**
*Includes unlimited mileage
**Does not include deposit and taxes
Penske’s rental truck rates aren’t significantly cheaper than the rates of competing companies, but Penske offers unlimited mileage on one-way moves, sparing you from paying per mile. Plus, there are no hidden mileage fees.
Be aware, though: Penske does charge an environmental fee ($9) to handle the proper disposal of materials that may be harmful to the environmental (e.g., coolant and brake fluid).
While Penske’s prices may seem high upfront, the company factors in all rental costs in your quote. That means the number your quotes won’t increase significantly after your move—unlike low-balled quotes that could end up being hundreds more than you anticipated.
Plus, did we mention that Penske’s quote process is a total breeze?
You don’t have to provide your email to see rates or pay anything upfront, which we love. If you make your reservation online, you will have to provide your credit card information—but payment isn’t due until you pick up your truck.
Grab your Penske truck
Know what size moving truck you need? You can reserve your Penske truck for the day of your move online.
Penske pricing for local moves
Heads up if you’re just moving across town: Penske charges by the mile for local moves ($0.69–$0.79 per mile) on top of the $20–$160 truck rental fee.
Protection plans for local truck rentals are comparatively less expensive, but your quote may not match the actual price you’ll pay since Penske doesn’t factor in total mileage upfront (again, that’s for local moves).
If you reserve your truck online, Penske will hold your reservation using your credit card information. If you pay in person, you’ll need to put down a $100 cash deposit.
Penske rental truck coverage options
No matter how experienced a driver you are or how many moving trucks you’ve maneuvered, nobody is immune from icy roads and bad drivers. Before you pull away in a truck that’s larger, heavier, and fuller than a standard car, it’s worth looking into insurance options.
You may want to choose your coverage based on how comfortable you are driving a rental truck, how big a move you have ahead, and where you are located. For instance, if you’re moving cross-country, we recommend LDW, but if you’re moving locally in Florida during peak hurricane season, it makes sense to at least get CAI.
Here’s what coverage options* Penske offers:
Limited damage waiver (LDW)
This coverage option is the most expensive, but it protects you from damage due to accidents, including dents and scratches. It doesn’t insure against mistakes you make behind the wheel, so be sure to drive carefully.
Supplemental liability insurance (SLI)
If an accident occurs during your rental period and someone tries to sue you for damage to their person or property, this coverage protects you and any authorized drivers (up to $1,000,000).
CAI covers damage to anything in your truck as a result of an accident or a natural disaster (up to $15,000). This option does not include any damage that happens during loading and unloading.
Personal accident insurance (PAI)
PAI provides medical coverage for you and your passengers if someone is injured or killed as a result of an accident that involves your Penske truck.
TWI covers any vehicle you’re towing behind your Penske truck in the event of a collision. It also covers the vehicle while it’s being loaded and unloaded.
*Individuals should review their rental contract—including addendums—for a complete description of the policy's terms, conditions, and exclusions.