A car handles routine travel, but work involving moving heavy equipment, towing or driving through off-road conditions often calls for a truck’s greater capability. Across many Canadian industries, trucks provide practical performance suited for demanding roads and weather.
The cost of owning a truck can climb quickly, especially if your truck insurance ends up being expensive. By identifying trucks with the most affordable insurance rates and the best overall value, this guide helps match the vehicle’s capability with a manageable insurance budget.
If you’re interested in finding out more about the cheapest cars to insure in Ontario, see the full list.
Top 8 Cheapest Trucks to Insure in Ontario in 2026
| Car Model | Median Annual Car Insurance Premium | Median Monthly Car Insurance Premium |
|---|---|---|
| Chevrolet Silverado 1500 LT Crew Cab 4WD | $1,882 | $157 |
| Ford Ranger | $1,974 | $165 |
| GMC Canyon | $2,017 | $168 |
| Ram 1500 | $2,026 | $169 |
| Honda Ridgeline | $2,210 | $184 |
| GMC Sierra 1500 Elevation | $2,357 | $196 |
| Ford F-150 XL | $2,364 | $197 |
| Ford F-150 Lariat SuperCrew | $2,498 | $208 |
Source: MyChoice Quote Database, 2026
Our Methodology for Choosing the Cheapest Trucks to Insure in Ontario
Based on our internal database of quotes collected since the beginning of 2026, we looked at insurance premiums for trucks by vehicle make, model and year. We then calculated the median annual and monthly premium for each vehicle.
To make a consistent comparison, we looked at quotes for drivers aged 35 to 44, fully licensed with at least five years of continuous insurance history and a clean driving record.
1. Chevrolet Silverado 1500 LT Crew Cab 4WD
The Chevrolet Silverado 1500 LT Crew Cab 4WD is the least expensive truck to insure, with a median premium of $1,882 per year, which is $463 less than Ontario’s all-vehicle median.
Median annual insurance in Ontario: $1,882/year
2. Ford Ranger
The Ranger is a midsize truck that has plenty of towing and hauling capability without sacrificing easy manoeuvrability in urban settings. Its median premium is $1,974/year, $371 less than the provincial median premium for all vehicles.
Median annual insurance in Ontario: $1,974/year
3. GMC Canyon
The Canyon offers a smaller alternative to full-size pickups while retaining some off-road ability and impressive towing capacity. Its median premium is $2,017/year, just $9 less than the Ram.
Median annual insurance in Ontario: $2,017/year
4. Ram 1500
The Ram offers a spacious and comfortable cabin and impressive towing and hauling capability. Its median premium is $2,026/year, $319 less than the Ontario median.
Median annual insurance in Ontario: $2,026/year
5. Honda Ridgeline
Honda’s Ridgeline is unique among trucks, featuring a unibody design like a car or crossover. This gives it a smoother, more comfortable ride than most trucks, though you don’t have to sacrifice utility thanks to a handy truck bed. Its median premium is $2,210/year, $135 less than the provincial median.
Median annual insurance in Ontario: $2,210/year
6. GMC Sierra 1500 Elevation
At $2,357, the Ontario median for the GMC Sierra 1500 Elevation exceeds the all-vehicle benchmark by just $12.
Median annual insurance in Ontario: $2,357/year
7. Ford F-150 XL
The F-150 is another popular truck in Ontario. The base XL trim lacks frills but is ideal for commercial and other hard-working applications. Its median premium is $2,364/year, just $7 more than the GMC’s.
Median annual insurance in Ontario: $2,364/year
8. Ford F-150 Lariat SuperCrew
The F-150’s luxurious Lariat trim features an upscale interior, while the SuperCrew body style offers plenty of cab room. Its median premium is $2,498/year, the highest in this comparison, $134 more than the other F-150 and $153 more than the provincial median.
Median annual insurance in Ontario: $2,498/year
What Factors Determine How Cheap It Is to Insure Your Truck?
Your insurance quote will depend on several variables, including the key factors below that can make coverage more or less expensive.