Some pretty quality info on this thread, as mentioned, although propane doesnt stay in liquid phase until -40* it barely is evaporating at much below 0. insulating any of the tank/regulator components etc would have the opposite affect. the tanks need to absorb heat energy from the outside air in order to keep evaporating. Even those silly little RV style covers are going to be working against you. Larger tanks, (30 or 40#) would also help as they are going to have a bigger thermal mass so it can help absorb/dissipate heat a tiny bit better. These are both VERY small changes though compared to more tanks.
As mentioned above, the simplest and safest solution is more then 1 tank hooked together all active at the same time to reduce the BTU draw from each tank. This will allow the heater to rock at a full blast down to much lower temps without issue.