Looking for a new pickup truck but concerned its bed isn’t big enough to carry the extra cash you’ll need to meet your insurance premium? Depending on what truck model you’re considering, your insurance coverage may not be as pricey as you’d expect.

However, the expected use case for your truck may set a floor for your premiums.

When looking for the cheapest trucks to insure, the smaller, base models will typically offer the best deals. If you need more capability than these models provide, your best options will be to contact your current insurance provider to ask about any discounts you can apply to your policy or start comparison shopping amongst other quotes online.

2021’s Cheapest Trucks to Insure

If you want to know, “What is the cheapest truck to insure?” MotorTrend shows the 2021 GMC Canyon SL Extended Cab as this year’s least expensive to protect. This model Canyon averages an annual premium of $1,411. As one of GMC’s most stripped-down models, the low comparative value and number of options keep repairs and replacement simple, which keeps premiums low.

The Canyon also appears on the list of cheapest vehicles to insure. Like the Canyon—with its four-cylinder engine, MotorTrend identifies that lighter-duty to mid-size, two-wheel-drive (2WD) trucks tend to be the friendliest towards drivers’ wallets with the cheapest rates.

MotorTrend’s five trucks with the cheapest average annual premium in 2021 are:

  1. 2021 GMC Canyon SL Extended Cab – $1,411

  2. 2020 Nissan Frontier S King Cab – $1,424

  3. 2020 Ford Ranger XLT – $1,437

  4. 2021 Chevrolet Colorado Extended Cab 2W – $1,439

  5. 2020 Ford F-150 XL – $1,440

Of the trucks on the list, the GMC Canyon, Ford Ranger, and Chevrolet Colorado run on four-cylinder power plants, whereas the Nissan Frontier and the Ford F-150 feature six-cylinder engines. The Ford F-150 is the only full-size pickup to make the top five, and the Colorado ranks among the cheapest trucks to purchase.

2021’s Most Expensive Trucks to Insure

In contrast to the most bank-balance-friendly choices, many trucks have become more luxurious over the years. In addition to larger, more powerful engines, truck manufacturers’ trim levels now offer leather interiors, smart technology, and all types of amenities. Insurers set high premiums on these vehicles to cover the potential costs for repairs or replacement. Learn more on the cheapest luxury cars to insure.

The five most expensive trucks to insure in 2021 are:

  1. 2021 Ford F-450 Super Duty King Ranch – $2,350

  2. 2021 Ford F-350 Super Duty Limited (Gas or Diesel) – $2,327

  3. 2020 Ram 2500 Limited Diesel – $2,149

  4. 2021 Ford F-250 Limited Diesel – $2,146

  5. 2019 Ram 1500 Classic Laramie – $2,133

Switching from a Car to a Truck?

If you’re switching from a car to a truck, some of the typical factors that increase car insurance premiums might give you pause. Larger engines and heavier vehicles typically come with higher coverage costs, as insurance companies expect drivers to drive faster with the former. At the same time, the latter can lead to more injuries and property damage in an accident. Learn the cheapest sports cars to insure for a comparison.

The good news is that the average truck’s coverage only costs $1,750 compared to the average car’s $2,200 premium.

What Do You Plan to Use Your Truck For?

With most cars, drivers’ priorities include gas mileage (or range for electric vehicles), safety features, appearance, and the interior’s technology, comfort, and amenities. Although not universal, many truck owners choose their vehicle based on function (and often brand loyalty) before giving the decision the same considerations as an average car buyer. What you plan on using the truck for will affect the cost of the truck and the auto insurance cost.

Specific commercial applications may benefit from a new, heavy-duty truck. Still, the average homeowner looking for a utility vehicle can often make due to a used, lighter duty to mid-size option. If you need to regularly drive your truck off-pavement, tow trailers, or haul heavy loads, 2WD probably won't be a suitable option. Additionally, if you plan on using your truck for commercial purposes, you may need to purchase commercial truck insurance which could be another insurance cost to take into account.

What are the Cheapest Used Trucks to Insure?

Buying a used pickup truck instead of a new model always offers the opportunity for substantial savings. If you intend for your vehicle to serve as a light hauler for basic household projects, an older truck in serviceable condition may be all you need. Pickup truck insurance on older, basic models should remain low.

If you need a truck with near-new reliability and capability, browsing certified pre-owned selections online or at the dealership presents the best option. To help shorten your search, Autobytel compiled a list of 2017/2018’s cheapest trucks to insure, consisting of:

  • 2017 Nissan Frontier

  • 2018 Toyota Tundra

  • 2017 Toyota Tacoma

  • 2018 Ram 1500

  • 2018 Chevrolet Silverado

  • 2018 Chevrolet Colorado

  • 2018 Ford F-150

  • 2018 GMC Sierra

  • 2018 GMC Canyon

  • 2018 Honda Ridgeline

Are Diesel Trucks Cheaper to Insure?

While diesel engines achieve higher mileage and torque output, their higher production costs than gas engines result in a 10-15% higher insurance rate on average. While you should expect that your coverage costs will increase with a diesel, you may see a sufficient offset in the engine’s lower ongoing expenses.

Diesel engines are less complicated than their gas counterparts due to a simpler design, which leads to the following financial advantages:

  • More durable

  • Minimal maintenance

  • Fewer parts to malfunction

Because diesels put out more torque than a gas engine, truck manufacturers offer them as options in many models. Diesel engines can be found in Fords, Chevrolet/GMCs, Dodge/Rams, and even Jeeps.

Diesel New vs. Used

The higher costs of producing a diesel engine lead to higher sticker prices and insurance premiums. Diesel-powered automobiles cost more than $5,000 over their gas-powered equivalent. However, since diesel engines can be found in so many trucks, you can save thousands of dollars by searching for a used diesel rather than buying new.

Do I Need to Insure My Truck?

Yes. To legally operate an automobile on public roads in the U.S., you must carry insurance or proof of financial responsibility. While private sellers with old trucks listed on sites like Craigslist will not need you to show them your coverage, you must trailer the vehicle home if it’s not included on your policy.

Whenever you purchase a new (or certified pre-owned) truck with additional financing from your bank or an auto lender, you will need to meet their insurance requirements to secure the loan. So long as the loan's balance remains, your auto lender will want to protect the truck as much as possible. In addition to your lender, the seller, if a dealer, won’t let you leave without coverage on the vehicle.

If you decide to lease a truck, your leasing agent will similarly require extra insurance coverage, as you are essentially renting the vehicle from them. If you do not demonstrate proof of your insurance quickly enough, your leasing agent can choose an insurance policy from a specific vendor and for a particular amount of liability. After your lease, you may be allowed to buy the truck outright.

What are the Cheapest Trucks to Purchase in 2021?

Trucks keep things simple with platforms starting from bare-bones, base-trim levels, and minimal options. Need more capability? Increase the size of your truck (e.g., engine, bed length). Want more comfort? Upgrade your trim level. If you’re looking for the most affordable new truck in 2021, however, Car and Driver ranks the cheapest pickup option from each major truck line:

  1. 2021 Toyota Tacoma: SR trim level, extended cab, 2WD, and the Utility package for $25,610

  2. 2021 Ford Ranger: XL trim level, extended cab, and 2WD for $26.015

  3. 2021 Chevy Colorado: Work Truck trim level, extended cab, 2WD, and rear seat delete (i.e., removed) for $26,155

  4. 2021 GMC Canyon: Elevation trim level, extended cab, 2WD, and rear seat delete for $27,355

  5. 2020 Nissan Frontier: S trim level, extended cab, and 2WD for $27,885

  6. 2021 Chevrolet Silverado 1500: WT trim level, regular cab, 2WD, and a package discount for $28,195

  7. 2021 GMC Sierra 1500: Base trim level, regular cab, 2WD, and a package discount for $29,295

  8. 2021 Ram 1500 Classic: Tradesman trim level, regular cab, and 2WD for $30,145

  9. 2021 Ford F-150: XL trim level, regular cab, and 2WD for $30,635

  10. 2021 Ram 1500: Tradesman trim level, quad cab, and 2WD for $33,940

  11. 2021 Toyota Tundra: SR trim level, extended cab, 2WD, and with the Work Truck package for $34,995

  12. 2020 Honda Ridgeline: Sport trim level and front-wheel drive (FWD) for $35,020

  13. 2021 Jeep Gladiator: Sport trim level and four-wheel drive (e.g., 4x4, 4WD)

  14. 2021 Nissan Titan: S trim level, extended cab, and 2WD

OnlineAutoInsurance Tows the Insurance Savings to You

Here at OnlineAutoinsurance, we help you comparison shop among insurance quotes for your truck. We haul the best rates right to your fingertips so that policy providers compete for you.

Ask yourself the following:

  • Do you have insurance?

  • What is your vehicle’s year, make, and model?

  • What is your age range and your credit score estimate?

  • Have you had an at-fault accident in the previous five years?

  • Have you or your spouse ever served in the military?

If you’ve managed to answer the five questions above from off the top of your head, you already know everything you need. With our comparison shopping tool, you’d already be browsing through quotes to find yourself some significant savings on your auto coverage policy.

**Sources: **

Autobytel. 10 Cheapest Trucks to Insure. https://www.autobytel.com/trucks/car-buying-guides/10-cheapest-trucks-to-insure-132256/

Car and Driver. The Cheapest Trucks You Can Buy for 2021. https://www.caranddriver.com/features/g26827429/cheapest-new-trucks/

Car and Driver. Diesel vs. Gasoline: Everything You Need to Know. https://www.caranddriver.com/research/a31515330/diesel-vs-gasoline/

Forbes. Do Diesel Cars and Trucks Save You Money? Not Always. https://www.forbes.com/sites/matthewdepaula/2012/08/27/clean-diesel-cars-and-trucks-that-will-save-you-money/

Forbes. These are the Cars and SUVs that are the Cheapest and Most Expensive to Insure for 2020. \ https://www.forbes.com/sites/jimgorzelany/2020/04/07/these-are-the-cars-and-suvs-that-are-the-cheapest-and-most-expensive-to-insure-for-2020/

Motor Biscuit. *What is the Cheapest Truck to Insure in 2021? *https://www.motorbiscuit.com/what-is-the-cheapest-truck-to-insure-in-2021/

MotorTrend. The Most and Least Expensive Pickup Trucks to Insure. https://www.motortrend.com/features-collections/pickup-truck-insurance-costs-most-least/