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Car insurance for minivans
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The average cost of car insurance in the United States is $1,674, according to Bankrate’s 2021 study of quoted annual premiums. But how does the cost of minivan car insurance stack up against that average? Whether you’re driving a Chrysler Pacifica or a Toyota Sienna, we’ve compiled average auto insurance rates for minivans to help you compare.
Your vehicle’s make and model plays a role in determining your car insurance premium, since cars have different crash statistics, cost of parts and safety features. Across the board, drivers of the minivan models we reviewed in this article pay less for their car insurance than the national average – except Toyota Sienna drivers, who pay about $40 more for their full coverage car insurance average.
Models included in this review:
- Chrysler Pacifica
- Dodge Grand Caravan
- Honda Odyssey
- Kia Sedona
- Toyota Sienna
How much does it cost to insure a minivan?
While the average national cost of insurance is $1,674 annually for a full coverage policy, the make and model of your vehicle will typically have an impact on the cost of your auto insurance rates. The price of insuring the make and model of your vehicle is also likely to vary from carrier to carrier, which is one reason why it may be beneficial to compare insurance quotes from multiple companies. Carriers use multiple points of consideration to determine insurance pricing for a particular model, including:
- Crash rate stats per make/model: Different vehicle types have different crash statistics. Sports cars and coupes generally have higher accident rates than sedans like the Toyota Camry or minivans like the Honda Odyssey. Car insurance companies generally assign higher premiums to vehicles with higher crash rates.
- Price of parts: The price of a vehicle’s parts is dependent on the make and model, with foreign vehicles typically having more expensive parts than domestic vehicles. Since more expensive parts means more expensive repair and replacement costs, carriers typically charge more to insure vehicles with costly parts.
- Safety features: Car insurance companies may offer lower rates if your vehicle is equipped with top-notch safety features. Multiple minivans on the market receive high marks for safety according to ratings from the Insurance Institute for Highway Safety (IIHS). The 2022 Toyota Sienna, Chrysler Pacifica and Honda Odyssey received the Top Safety Pick award, based on their safety features.
Car insurance for a minivan: by model
Although your exact premiums depend on personal factors beyond just the type of vehicle you own, it may be helpful to review rate comparisons for several models of minivans.
Car insurance for Chrysler Pacifica
The Chrysler Pacifica came in third overall in the J.D. Power Best Minivans of 2022 list. Owners cite the fuel economy, the feel of driving the minivan and attractiveness of the Chrysler Pacifica as some of their top reasons they like the minivan. The average full and minimum coverage insurance rates are below average for this vehicle too when compared to the national average.
|Chrysler Pacifica car insurance||Average annual premium|
Car insurance for Dodge Grand Caravan
The Dodge Caravan receives “good” ratings for almost all the safety categories IIHS rates. However, the driver-side injury safety measure underperformed on this vehicle and received poor ratings. Still, its safety features, which include seven airbags, reactive front head restraints and a blind-spot monitoring system, contribute to the vehicle’s overall safety. Plus, the numerous safety features and higher ratings could account for the vehicle’s annual car insurance premium being below average.
|Dodge Grand Caravan car insurance||Average annual premium|
Car insurance for Honda Odyssey
The Honda Odyssey is the top overall pick on the 2022 list of best minivans from J.D. Power and is also a Top Safety Pick for 2022 from the IIHS. The vehicle’s excellent safety ratings may help contribute to the average annual premiums, which are about $200 lower than the national average.
|Honda Odyssey car insurance||Average annual premium|
Car insurance for Kia Sedona
While it didn’t make J.D. Power’s rankings in 2022, the Kia Sedona was a top pick for the 2021 J.D. Power minivan list and scores well in multiple safety categories on the IIHS ratings. The Kia Sedona offers several safety features, such as brake assist, traction control and vehicle stability management, which may help contribute to lower-than-average premiums.
|Kia Sedona car insurance||Average annual premium|
Car insurance for Toyota Sienna
The Toyota Sienna is the overall Top Safety Pick for 2022 from the IIHS. With features such as the pre-collision system and driver assistance for added safety. This model’s average premiums are slightly higher, which is possibly due to a higher cost of parts for this make and model.
|Toyota Sienna car insurance||Average annual premium|
Cheapest car insurance companies for minivans
Bankrate analyzed rates from five providers, chosen based on the largest providers by market share from the best car insurance companies of 2022. Although rates will differ for each driver, the chart below highlights how different the rates can be from one carrier to the next, even with the same driver parameters. Overall, the Chrysler Pacifica and Honda Odyssey had the least expensive average insurance premiums among the minivans we analyzed. If you’re looking for cheap car insurance, it may be helpful to use these rates as a point of comparison.
Average annual premium for full coverage by model
|Car insurance company||Chrysler Pacifica||Dodge Grand Caravan||Honda Odyssey||Kia Sedona||Toyota Sienna|
Minivan features that impact insurance costs
Minivans not only typically offer convenient, innovative features for families, such as entertainment systems, folding seats and sliding doors, they also offer a variety of safety features. The numerous safety features contribute to the costs of insurance premiums and can help make premiums more affordable versus other types of vehicles.
- Side airbags: Many minivans offer multiple airbags, including side airbags. Side airbags are designed to offer greater protection from impact for all passengers — not only the driver or front passenger.
- Blind-spot monitoring: This system provides a warning to the driver that another vehicle is located in the side or rear of their vehicle, which might not be easily seen.
- Forward collision warning: This feature signals when your vehicle could potentially be in a collision with a vehicle in front of it.
Other car insurance coverage for a minivan
In addition to state minimum requirements for liability insurance, there are other minivans insurance options drivers may be interested in purchasing for enhanced coverage. For example, roadside assistance could be extremely helpful if you find your minivan inoperable. If you are stranded, roadside assistance can help re-fuel, charge a battery, offer towing assistance or tire changing services.
Another consideration if you lease or finance your minivan is to purchase gap insurance. This optional coverage pays the “gap” between the amount you owe on your lease or loan and the vehicle’s value that the insurance carrier will pay out if your minivan is totaled. This keeps you from having to pay a hefty out-of-pocket bill if the minivan is totaled before most of the loan balance is paid down.
Frequently asked questions
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2019 minivan of the following model types, commute five days a week and drive 12,000 miles annually:
- Chrysler Pacifica
- Dodge Grand Caravan
- Honda Odyssey
- Kia Sedona
- Toyota Sienna
These are sample rates and should only be used for comparative purposes.