How much does Penske cost?
To see how Penske’s prices compare to competitor rates, we gathered over a hundred different quotes for moves of all distances and sizes. We found that Penske’s rates can be pretty steep for short moves, but it has the best rates in the business for large and long-distance moves.
For moves over 1,000 miles, Penske’s average price was $2,471.20 while the industry average lagged almost $300 behind at $2,763.06. Similarly, for medium to large truck rentals, Penske’s average price was $2,141.03 while the industry average was $2,313.
For moves of 50 to 104 miles, on the other hand, Penske’s average price was about $539 while the industry average was $327. That said, even if you’re moving locally, you should at least get a quote from Penske in case the company is especially affordable in your area. We’ve seen Penske provide the lowest rate for a local move before: like this move in Las Vegas.
To give you an idea of what your truck rental move might cost, here’s a selection of quotes Penske gave us:
Quotes for Penske’s 26-foot truck rentals
|50 miles||$328.09 + $1.29/mile
Quotes for Penske’s 12-foot truck rentals
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.
Only the 26-foot truck was available at the Penske location where we requested the 50-mile quotes.
As with any type of move, you’ll never know for sure how much a DIY move in a rental truck will cost until you get your unique quote. However, there are a few factors that determine how much your Penske truck rental will cost:
- Your move date
- When you book
- Environmental fees
- Add-on rentals and services
- Moving coverage
To learn more about how each of these factors can influence your final price, check out our guide to moving costs.
Of all the moving truck rental companies we recommend, Penske has some of the largest discounts. Here’s a complete list of Penske’s discounts for truck rental customers:
- AAA discounts—12% or more off truck rental
- Military discounts—10% off truck rental
- College student discounts—10% off truck rental
- Seasonal/promotional discounts—varied savings2
Discounts from other companies
When you move with Penske, you’re eligible for up to 50% off all car, boat, and motorcycle transport services through uShip. Plus, you can save up to 10% on your truck rental if you’re also using self-storage from CubeSmart.
Ready to get your quote?
See how much your Penske truck will cost and maybe even snag a discount.
Penske’s moving coverage options
Moving truck coverage matters. No matter how experienced you are as a driver or how many times you’ve driven a moving truck, nobody is immune from icy roads and bad drivers. Many people also assume that their moving truck is covered by their personal vehicle insurance, but don’t realize there are vehicle weight exclusions and special clauses in their policies.
Before you pull away in a truck that’s larger and heavier than your car, check your vehicle insurance policy and look over Penske’s coverage options. You may want to purchase some additional coverage based on how comfortable you are driving a rental truck, how big your move is, and where you are located.
For instance, if you’re moving cross-country, we recommend getting Penske’s Limited Damage Waiver coverage, but if you’re moving locally in Florida during peak hurricane season, it makes sense to at least get Cargo Insurance.
Here are all the coverage options* Penske offers:
Limited damage waiver (LDW)
This coverage option covers damage to the truck or towing equipment that occurs when you are operating them as specified in your rental agreement.
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 for up to $1,000,000. You have to be 21 years or older to purchase this coverage.3
Cargo Insurance 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)
Personal Accident Insurance provides medical coverage for you and your passengers if someone is injured or killed in an accident that involves your Penske truck. Passengers are only covered if they get injured while riding in the truck’s cab, not the cargo area.
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.
*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.
What about roadside assistance?
Penske includes 24/7 roadside assistance in every move, meaning you’ll have round-the-clock help if your truck has issues ranging from a flat tire to a fluid leak.