Car Tips #111: PickUp Trucks That Are Cheapest to Insure By Frank-Ling / Aug 04, 2015 share Facebook Twitter Google + LinkedIn Pinterest Email Share... It may surprise some but pick-up trucks have, in some years, outsold regular passenger cars. This makes sense because of the nation’s construction, industry, and small businesses, which rely on dependable hauling vehicles.But purchasing a truck for your business is only half the story. You’ll need affordable car insurance too. A rule of thumb in gauging how much it may cost to insure pickup trucks is by size. Generally speaking the bigger the pickup, the more expensive it will cost to insure.Other factors such as whether the pickup has a V6 or V8 engine also affects the overall cost of insurance. A larger engine will increase the insurance premium of the truck. How Do They Determine Insurance Rates?If there’s one thing that insurance companies are strong at it is statistics. Car insurance rates are determined by millions of pieces of data related to what sort of damage particular vehicle models sustain when involved in accidents, when they occur, where they occur, the driver’s age, and many other bits of info.Insurance rates for pickup trucks are also thoroughly researched for accident statistics. The insurance company knows how much a repair should cost, and which trucks are more likely to get into accidents. The insurance rates for pickup trucks are based upon this extensive data.The Least Expensive Trucks to InsureAccording to insure.com, these are some of the trucks that will have the least affect on your wallet or purse when it comes to insuring your vehicle:GMC Canyon 2WD Extended Cab SL 4-cylinderAverage Yearly Insurance Premium: $1,268If you’re looking for an alternative to the Toyota Tacoma and Nissan Frontier, you may have found it with the GMC Canyon. This mid-sized pickup truck not only gives you lower insurance rates, but offers a lot of good features for a 4-cylinder pickup.Nissan Frontier S King CabAverage Yearly Insurance Premium: $1,261This mid-sized pickup is reliable year in and year out and is easy on the wallet for insurance. If you want a pickup that can take some punishment, this is the one for you.Chevrolet Silverado 1500 LS 2WD Regular Cab V-6Average Yearly Insurance Premium: $1256This full-sized truck has been a favorite among those who require more power and towing capacity to the tune of 6,100 pounds. It has a 285-horsepower V-6 engine with automatic transmission, and optional connectivity features such as WiFi, streaming music with Pandora and SiriusXM radio.Toyota Tacoma 2WD Access Cab 4-cylinderAverage Yearly Insurance Premium: $1,209.98The Toyota Tacoma is top dog when it comes to the lowest insurance costs for a truck. This popular mid-sized pickup truck has a powerful 159-horsepower 4-cylinder engine that gets an astonishing 21 mpg for city and 25 for highway driving. All-in-all, a great value.Source: Insure.com