AMERCO Declares Preferred Stock Dividend

RENO, Nev., Feb. 1, 2008 (PRIME NEWSWIRE) -- AMERCO (Nasdaq:UHAL), the parent of
U-Haul International, Inc., Oxford Life Insurance Company, Republic Western
Insurance Company and Amerco Real Estate Company, on February 1, 2008, declared
a regular quarterly cash dividend of $.53125 on its Series A, 8 1/2 percent
Preferred Stock (NYSE:AO+A). The dividend will be payable March 3, 2008 to
holders of record on February 15, 2008.

AMERCO is the parent company of U-Haul International, Inc., North America's
largest "do-it-yourself" moving and storage operator, AMERCO Real Estate
Company, Republic Western Insurance Company and Oxford Life Insurance Company.
Since 1945, U-Haul has been the first choice of do-it-yourself movers, with a
network of more than 15,950 locations in all 50 United States and 10 Canadian
provinces. U-Haul customers' patronage has enabled the U-Haul fleet to grow to
more than 100,000 trucks, 78,500 trailers and 31,100 towing devices. U-Haul
offers more than 389,000 rooms and more than 34 million square feet of storage
space at more than 1,055 owned and managed facilities throughout North America.
U-Haul is the consumer's number one choice as the largest installer of permanent
trailer hitches in the automotive aftermarket industry. U-Haul supplies
alternative-fuel for vehicles and backyard barbecues as one of the nation's
largest retailers of propane.

For more information about AMERCO, please visit www.amerco.com.

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CONTACT: AMERCO
Jennifer Flachman, Director, Investor Relations
(602) 263-6601
Flachman@amerco.com