Auto Insurance For Minivans | The bank rate


The cost of auto insurance for minivans depends on a variety of factors, including the particular type of vehicle you are insuring. In general, auto insurance for vans tends to be less expensive than other types of vehicles, such as a sports car or luxury SUV. If you drive a van or plan to add one to your policy, you need to know how the type of vehicle affects the overall cost of premiums. The national average for a full coverage policy is $ 1,674 per year, but driving a van may 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 the insurance of a minibus cost?

While the average cost of insurance can be $ 1,674 per year for a full coverage policy, the make and model of a vehicle are among the most important factors affecting the cost of premiums. Vehicle type can make the cost go up or down, the same way your zip code (in most states), driving record, annual mileage, and credit score (in most states) can be. factored into the cost. The price you pay for insurance depending on the make and model of your vehicle varies from carrier to carrier, which is one reason it’s beneficial to compare multiple companies. Carriers use several points of consideration in determining fares for a particular model, including:

  • Crash rate statistics by make / model: Several minivans receive higher ratings for safety according to the ratings of the Insurance Institute for Road Safety (IIHS). The 2021 Toyota Sienna and Honda Odyssey both receive the Top Safety Pick award, and most other models receive “good” ratings in almost all safety categories.
  • Parts price: The price of parts for a vehicle depends on the make and model, with foreign vehicles usually having more expensive parts. Carriers use it to determine how much it would cost to repair a vehicle, which affects premiums.
  • Safety devices: Minivans are usually loaded with safety features. For example, the Chrysler Pacifica features automated emergency braking, a collision warning system, and a 360 ° camera with four different camera views.

Auto insurance for a minivan: by model

While your exact premiums will depend on highly personal factors, it can be helpful to look at pricing when comparing multiple minivan models together.

Auto insurance for Chrysler Pacifica

The Chrysler Pacifica placed fourth overall with the 2021 JD Power selections for the best minivans. Owners cite fuel economy, the minivan’s driving feel, and the appeal of the Chrysler Pacifica as some of the main reasons they love the minivan. The cost of insurance could also be lower, with rates for minimum and full coverage lower than the national average.

Chrysler Pacifica Auto Insurance Average annual premium
Minimum coverage $ 485
Full coverage $ 1,463

Auto insurance for Dodge Grand Caravan

The Dodge Caravan receives ” good marks for almost all categories of IIHS rate security. However, his driver’s side injury safety measure underperformed and received “poor ratings”. Still, its safety features, such as its seven airbags, responsive front headrests, and a blind spot monitoring system contribute to safety. The many safety features and higher ratings could help keep insurance costs more affordable for homeowners.

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

Auto insurance for Honda Odyssey

The Honda Odyssey is the top overall pick for the 2021 JD Power picks for Best Vans and Top Safety Pick for 2021 from the IIHS. Higher security clearances can contribute to average annual premiums, which are lower than the national average of $ 1,674 per year.

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

Auto insurance for Kia Sedona

The Kia Sedona is another top pick for the 2021 JD Power roster and also scores well in several categories within the IIHS ratings. The Kia Sedona offers several safety features, such as brake assist, traction control and vehicle stability management, all of which contribute to below-average premiums.

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

Auto insurance for Toyota Sienna

The Toyota Sienna is IIHS ‘Top Safety Pick for 2021. With features such as pre-collision system and driver assistance for added safety. The average premiums for this model are slightly higher, which may be due to the higher cost of parts for this make and model.

Toyota Sienna auto insurance Average annual premium
Minimum coverage $ 474
Full coverage $ 1,687

The cheapest auto insurance companies for minivans

Bankrate analyzed the rates of five providers, chosen based on the largest providers by market share among the top auto insurance companies of 2021. Although the rates differ for each driver, the graph below shows how rates may be different from carrier to carrier, even with the same driver settings. Overall, the Chrysler Pacifica and Honda Odyssey had the cheapest insurance premiums on average among people carriers.

Average annual premium for full coverage per model

Auto 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
United States $ 1,287 $ 1,162 $ 1,198 $ 1,211 $ 1,324

Features of the minivan that impact insurance costs

Minivans not only offer practical and innovative features for families, such as entertainment systems, folding seats and sliding doors, but they also offer a variety of safety features. The many safety features contribute to the costs of insurance premiums and can help make premiums more affordable compared to other types of vehicles.

  • Side airbags: Minivans offer multiple air bags, including side air bags. These generally provide better impact protection for all passengers, not just the driver or front passenger.
  • Blind spot monitoring: This system alerts the driver that another vehicle is to the side or rear of their vehicle, which may not be easily visible.
  • Forward collision warning: This warning indicates that your vehicle could potentially collide with a vehicle in front.

Other auto insurance coverage for a van

In addition to the state’s minimum liability insurance requirements, there are other insurance options for minivans that drivers may be interested in purchasing with enhanced coverage. For example, roadside assistance could be extremely useful if you find your minivan unusable. If you’re stuck, Roadside Assistance can help you refuel, recharge a battery, offer towing assistance, or change tires.

Another consideration if you are renting or financing your minivan is to purchase gap insurance. This optional coverage pays for the “gap” between the amount you owe on your rental or loan and the value of the vehicle the insurer will pay if your minivan is totaled. This saves you from having to pay a big bill if the van is totaled before most of the loan balance is paid off.

Methodology

Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record, credit and the following comprehensive coverage limits:

  • Liability for bodily injury of $ 100,000 per person
  • $ 300,000 liability for bodily injury per accident
  • Civil liability for property damage of $ 50,000 per accident
  • $ 100,000 in bodily injury caused by an uninsured motorist per person
  • $ 300,000 in uninsured bodily injury per accident to a motorist
  • $ 500 collision deductible
  • Global deductible of $ 500

To determine the minimum coverage limits, Bankrate used a minimum coverage that meets the requirements of each state. Our base profile drivers own a 2019 minivan of the following model types, commute five days a week, and drive 12,000 miles a year:

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

These are sample rates and should be used for comparison purposes only.


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