Car Insurance for a Minivan

Introduction

According to Way.com's 2022 analysis of quoted yearly premiums, the average cost of auto insurance in the United States is $1557. But how does the price of minivan auto insurance compare to that standard? We've gathered typical minivan auto insurance rates so you can compare whether you drive a Chrysler Pacifica or a Toyota Sienna.

Given that different makes and models of vans have varied collision records, component costs, and safety features, your vehicle's make and model will affect your auto insurance cost. However, except for Toyota Sienna drivers, who pay an extra $48 on average for full coverage auto insurance, all of the minivan models we analyzed in this article have lower insurance costs than the national average.

The following vehicles are reviewed for their insurance rates:

• Chrysler Pacifica
• Dodge Grand Caravan
• Honda Odyssey
• Kia Sedona
• Toyota Sienna

How much does it cost to insure a minivan?

It may be advantageous to compare insurance quotes from other providers because the cost of insurance for the make and model of your car is likely to vary from carrier to carrier.

Insurance companies take into account several factors when calculating insurance costs for a certain model, including:

• Crash statistics by make and model: Crash statistics vary by vehicle type. Sports cars and coupes typically have higher accident rates than sedans like the Toyota Camry or minivans like the Honda Odyssey. Vehicles with greater crash rates typically have higher premiums assigned by auto insurance providers.
• Cost of parts: Part costs vary by make and model of a vehicle, with foreign-made parts often costing more than domestic-made ones. Carriers often charge more to insure automobiles with expensive parts since more expensive parts equal more expensive repair and replacement costs.
• Safety features: If your car has excellent safety features, car insurance companies could give lower rates. According to evaluations from the Insurance Institute for Highway Safety, some minivans available on the market score highly for safety (IIHS). For example, the 2022 Toyota Sienna, Chrysler Pacifica, and Honda Odyssey were named Top Safety Picks based on their safety features.

Car insurance for a minivan: By Model

It may be useful to check rate comparisons for various minivan models, even if your exact premiums depend on personal aspects and your vehicle of choice.

Car Insurance for Chrysler Pacifica

On the list of the Best Minivans of 2022 compiled by J.D. Power, the Chrysler Pacifica placed third overall. Owners list the minivan's fuel efficiency, driving experience, and exterior styling as some of their top reasons for liking it.

Compared to the national average, the average full and minimum coverage insurance premiums for this car are also below average.

Car insurance for Dodge Grand Caravan

For practically all of the safety areas that IIHS rates, the Dodge Caravan obtains "good" ratings. The driver-side injury safety measure performed poorly on this particular car and received low scores. However, the vehicle's safety measures, which include a blind-spot monitoring system, reactive front head restraints, and seven airbags, help to ensure overall safety.

Additionally, the vehicle's annual car insurance price being below average may be explained by the various safety features and higher ratings.

Car Insurance for Honda Odyssey

The Honda Odyssey is ranked first on J.D. Power's list of the best minivans for 2022 and is also an IIHS Top Safety Pick for that year. The average annual premiums, around $200 less than the national average, may be attributed partly to the vehicle's exceptional safety ratings.

Car Insurance for Kia Sedona

The Kia Sedona was a top option for the 2021 J.D. Power minivan list and received good ratings from the IIHS in several safety areas, despite not making the J.D. Power rankings in 2022. In addition, numerous safety technologies, including braking aid, traction control, and vehicle stability management, are available on the Kia Sedona, which may help explain why premiums are cheaper than usual.

Car insurance for Toyota Sienna

The IIHS has named the Toyota Sienna its overall Top Safety Pick for 2022. This minivan has additional safety measures, including the pre-collision system and driver assistance. The higher average premiums for this particular model could be attributed to the more expensive parts for this particular make and model.

Cheapest Car Insurance Companies for Minivans

As determined by market share, the top five auto insurance companies for 2022 were used to select the providers for Way.com's analysis of rates from those five businesses. The figure below illustrates how rates can vary from carrier to carrier, even with the same driver attributes, even though rates will vary for each driver. Overall, of the minivans we looked at, the Chrysler Pacifica and Honda Odyssey had the least expensive typical insurance premiums. Use these rates as a benchmark if you're searching for low-cost auto insurance.

Car Insurance Rates for Minivans: by Insurance Company

There was a legitimate reason for the switch, even though you may have done so reluctantly when you gave up your high-performance sports car for a minivan. A van can be useful if you have children, pets, or accessibility needs.

As a result, you ought to ensure your van for the lowest possible cost with the finest coverage. We evaluated typical yearly minivan insurance rates from leading insurance providers across the US using the customer profile described above to compile a list of the lowest rates.

See which choice is the most affordable for you by looking at the cost comparison tables for minivan insurance below.

Chrysler Pacifica

The Chrysler Pacifica comes close to the middle of the pack in terms of the overall price and insurance cost, with a list price of $27240 and monthly premiums average of $126. Nationwide offers Pacifica's most affordable auto insurance.

Chrysler Town and Country

With a listed value of $31200, the Chrysler Town & Country is more expensive to insure than the Pacifica while also having a higher listed value than the other minivans. Progressive and Nationwide are good places to start your search for Chrysler Town & Country auto insurance. The Town and Country pays an average of $1488 yearly in insurance premiums

Dodge Grand Caravan

The Dodge Grand Caravan, marketed as a "versatile family van," is a well-liked model. With a value of $27660 and an average yearly premium of $1320, it is at the middle to the upper end of the list price and insurance cost spectrum. So if you're considering buying a Grand Caravan, Nationwide is a good place to start your search for insurance because it's reasonably priced.

Honda Odyssey

The Honda Odyssey is the least expensive minivan to insure despite having one of the highest list costs among those tested. Even though this well-liked minivan costs more than $30,000 to purchase, insurance only runs about $89 per month (via Nationwide).

Kia Sedona

The Kia Sedona had the second-lowest insurance rates and the third-lowest list price of the minivans we looked at. The Sedona costs $27600 and has a modest $111 average monthly premium. Progressive's least expensive insurance charges a meager $108 monthly premium.

Nissan Quest

Although the Nissan Quest is the most affordable minivan to purchase, it is more expensive to insure than other minivans. Quest's typical insurance expenses come to $123 per month, with a listed price of $26590. However, you can save money by comparing prices to the best policy. Start with Nationwide and Progressive, which provide Nissan Quest insurance with typical monthly premiums of about $114.

Toyota Sienna

The Toyota Sienna is the most expensive minivan on the market, with a list price of $31570; nevertheless, insurance rates are on the higher end of the spectrum. The lowest options are still Nationwide and Progressive, even though it costs more than $150 more to insure than the Honda Odyssey each year.

Which Minivan is most expensive to insure?

The Honda Odyssey has the highest annual insurance premium of $1521 among minivans. A Honda Odyssey will cost about $266 more to insure annually than the Kia Sedona, the least expensive minivan to cover.

The annual premium of $1521 represents a 6.6% increase over the minivan category average of $1422 but a 3.6% decrease over the $1557 national average for all vehicles.

Minivan vs. SUV car insurance rates: Which are cheaper?

A minivan typically costs $1431 to insure. On the other hand, an SUV's insurance is roughly $1761. That represents a $330 difference every year.

On average, minivans' insurance will be less expensive than for large and midsize SUVs. The average annual insurance premium for minivans is $1431. The average annual cost is $1761 for midrange SUVs like the Toyota Highlander and Honda Pilot and $1731 for large SUVs like the Chevy Suburban or GMC Yukon.

Other Car Insurance Coverages for a Minivan

There are other minivan insurance choices that drivers could be interested in acquiring for improved coverage in addition to the state's minimum requirements for liability insurance. For instance, roadside assistance may come in handy if your minivan breaks down. Roadside assistance can assist with refueling, battery charging, towing, and tire replacement if you become stranded.

Gap insurance is another thing to consider whether you lease or loan your minivan. This extra insurance option fills in the "gap" left by your lease or loan balance and the value your minivan would have if it were declared a total loss by the insurance company. This prevents you from incurring a big out-of-pocket expense if the minivan is totaled before the loan sum is mostly repaid.

Minivan features that impact Insurance costs

Minivans often provide families with practical, cutting-edge features like entertainment systems, foldable seats, and sliding doors, but they also provide several safety features. The numerous safety features help to lower insurance premiums compared to other types of vehicles and add to the cost of insurance premiums.

• Side Airbags: Many minivans come equipped with side airbags in addition to other types of airbags. Side airbags provide more comprehensive impact protection for all passengers, not just the driver and front passenger.
• Blind-spot monitoring: This system alerts the driver when a vehicle is approaching from the side of the rear of their car and may not be visible.
• Forward collision warning: The forward collision warning system alerts you when a collision with a car in front of you is possible.

Other Ways to Save

As we've already established, minivans are less expensive to insure than sedans or SUVs, but it never hurts to save money. So let's go through a few quick, easy steps to help you save a lot of money on your auto insurance.

Use your claims wisely

If you're new to auto insurance, you might not know the costs of making a claim. A claim will result in you being rated or charged for at-fault accidents for three years unless your insurance includes accident forgiveness. Although it varies by state, the average cost to file an at-fault claim is around 42% annually. If you've been in an accident and are thinking about making a claim, use the information here to determine whether doing so will be financially advantageous.

• Get a repair estimate from a nearby shop.
• Use Way.com's insurance research to determine how much an accident for which you were at fault would increase your rates. Then, once more, think about this value over three years.
• The out-of-pocket expense should be compared to the rate increase plus your deductible. Select the less expensive choice.

When involving insurance providers, you are at the mercy of the other party if you have damaged someone else's vehicle, such as the one you do not own. You have no choice but to deal with insurers if the other motorist refuses to pay for the damage, which is usual. We're mainly discussing collision claims. Property damage claims that are comprehensive or uninsured often have less of an effect on rates.

We have estimated the average rate increases across the US, even though at-fault claim rate increases vary greatly by state. As you can see, an at-fault collision will increase your rate by over $1,800 over three years.

Discounts

Although discounts for auto insurance are frequently modest, they build together to lower your insurance costs. Think about the following when looking for methods to cut costs:

• Multiple-policy discount
• Discount for good drivers
• Discount for paperless
• Payment by bank account
• Discount for complete payment (paying your premium in one payment)
• Multi-vehicle discount
• Good student
• Telematics Discount

Research your Options

Although we did some legwork to locate your minivan's reasonable insurance, remember that auto insurance is unique to you. Take this information as a starting point, not as gospel truth.

There will be many occasions when Progressive and Nationwide are not the most affordable auto insurance providers for your vehicle, but another carrier might be. The only way to guarantee you're getting the best prices is to compare as many providers as possible.

By entering your zip code below, you can uncover the right policy for you right now.

How to get Minivan Insurance with Way.com

Using Way.com can help you save time and money on your auto insurance, regardless of the minivan you have your eye on.

Have you ever filled out a form for auto insurance? Then you are aware of how awful it may be.

Additionally, you weren't motivated to comparison shop and complete additional forms once you answered the last few questions to ensure you were getting the greatest deal. Instead, all you wanted to do was finish.

That is the tale of how insurance costs wind up being too high for people. After responding to all those questions, who can blame you for believing that the plan and price would be truthful, competitive, and just?

You won't have to climb a mountain of inquiries since Way.com will get the specifics of your current plan by contacting your insurance provider. Without doing any legwork, you receive the greatest prices and coverage. In addition, you receive exclusive savings and protection without any hassles.