Car insurance for minivans

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The cost of car insurance for minivans depends on a variety of factors, one of which is the particular type of vehicle you insure. In general, auto insurance for minivans tends to be less expensive versus other types of vehicles, such as a sports car or luxury SUV. If you drive a minivan or are considering adding one to your policy, you should be aware of how much the vehicle type impacts the overall cost of premiums. The national average for a full coverage policy is $1,674 annually, but it’s possible that driving a minivan will help you pay less than the national 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 cost of insurance may be $1,674 annually for a full coverage policy, the make and model of a vehicle are some of the biggest factors influencing the cost of premiums. The vehicle type can make the cost increase or decrease, similar to how your ZIP code (in most states), driving record, annual mileage and credit score (in most states) may be factored in the cost. The price you pay for insurance based on your vehicle’s make and model will vary from carrier to carrier, which is one reason why it is beneficial to compare multiple companies. Carriers use multiple points of consideration to determine rates for a particular model, including:

  • Crash rate stats per make/model: Multiple minivans receive higher marks for safety according to ratings from the Insurance Institute for Highway Safety (IIHS). Both the 2021 Toyota Sienna and Honda Odyssey receive the Top Safety Pick award and most other models receive “good” ratings in almost all safety categories.
  • Price of parts: The price of a vehicle’s parts depends on the make and model, with foreign vehicles typically having more expensive parts. Carriers use this to determine how much it would cost to repair a vehicle, which impacts premiums.
  • Safety features: Minivans are typically packed full of safety features. For example, the Chrysler Pacifica features automated emergency braking, a collision warning system and a 360° camera with four different camera viewpoints.

Car insurance for a minivan: by model

Although your exact premiums depend on highly personal factors, it may be helpful to review rates comparing several models of minivans together.

Car insurance for Chrysler Pacifica

The Chrysler Pacifica came in fourth overall with the 2021 J.D. Power picks for top minivans. 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 cost to insure it could be less too, with rates for both the minimum and full coverage coming in lower than the national average.

Chrysler Pacifica car insurance Average annual premium
Minimum coverage $485
Full coverage $1,463

Car insurance for Dodge Grand Caravan

The Dodge Caravan receives “good” ratings for almost all the safety categories IIHS rates. However, its driver-side injury safety measure underperformed and received “poor ratings.” Still, its safety features, such as its seven air bags, reactive front head restraints and a blind-spot monitoring system contribute to the safety. The numerous safety features and higher ratings could help keep insurance costs more affordable for owners.

Dodge Grand Caravan car insurance Average annual premium
Minimum coverage $503
Full coverage $1,623

Car insurance for Honda Odyssey

The Honda Odyssey is the highest overall pick for the 2021 J.D. Power picks for top minivans and a Top Safety Pick for 2021 from the IIHS. The higher safety ratings may help contribute to the average annual premiums, which are lower than the national average of $1,674 per year.

Honda Odyssey car insurance Average annual premium
Minimum coverage $471
Full coverage $1,454

Car insurance for Kia Sedona

The Kia Sedona is another top pick for the 2021 J.D. Power list and also scores well among multiple categories within the IIHS ratings. The Kia Sedona offers several safety features, such as brake assist, traction control and vehicle stability management, which all help contribute to lower-than-average premiums.

Kia Sedona car insurance Average annual premium
Minimum coverage $501
Full coverage $1,534

Car insurance for Toyota Sienna

The Toyota Sienna is the overall Top Safety Pick for 2021 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
Minimum coverage $474
Full coverage $1,687

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 2021. 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 insurance premiums on average among the minivans.

Average annual premium for full coverage by model

Car insurance company Chrysler Pacifica Dodge Grand Caravan Honda Odyssey Kia Sedona Toyota Sienna
Amica $1,160 $1,317 $1,138 $1,200 $1,303
Erie $1,286 $1,335 $1,144 $1,390 $1,247
Geico $1,135 $1,266 $1,244 $1,250 $1,447
State Farm $1,302 $1,430 $1,325 $1,349 $1,615
USAA $1,287 $1,162 $1,198 $1,211 $1,324

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: Minivans offer multiple air bags, including side air bags. These generally 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 warning 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.

Methodology

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.

Written by
Sara Coleman
Insurance Contributor
Sara Coleman has three years of experience in writing for insurance domains such as Bankrate, The Simple Dollar, Reviews.com, Coverage.com and numerous other personal finance sites. She writes about insurance products such as auto, homeowners, renters and disability.
Edited by
Insurance Editor