Minivans may not be thrilling, but their insurance rates may be affordable enough to convince you to opt for a family-friendly ride.
While you might have reluctantly traded your high-performance sports car for a minivan, there was probably a good reason for the swap. Whether you have kids, pets, or accessibility considerations, a van can come in handy. As such, you should protect your van with the best coverage — at the best price. Employing the user profile outlined here, we surveyed average annual minivan insurance rates from top insurance companies across the US to get a collection of the best rates.
Based on The Zebra's database of car insurance premiums by vehicle type, minivans are the cheapest type of car to insure. On average, a minivan costs $1,484 per year to insure, compared to approximately $1,700 for a sedan and around $1,500 for an SUV. Despite the savings your minivan provides, it's worth comparing providers to find the best rate. View our minivan insurance cost comparison tables below to see which option is cheapest for you.
With a list price of $28,995 and monthly premiums averaging $127, the Chrysler Pacifica is near the middle of the pack in terms of overall price and insurance cost. The cheapest car insurance for the Pacifica is available via Farmers and Nationwide.
Although the Chrysler Town and Country has a higher listed value than the Pacifica and the other minivans surveyed, it's the second cheapest to insure. Start your search for Chrysler Town and Country car insurance with Farmers and Nationwide. On average, the Town and Country has an annual insurance premium of $1,383 and a list value of $29,995.
Advertised as a "versatile family van," the Dodge Grand Caravan is a popular model. It sits at the middle-to-high end of the list price and insurance cost scale, with a value of $28,995 and an average annual premium of $1,445. If you're considering purchasing a Grand Caravan, Nationwide is an affordable place to start your search for insurance, with average annual premiums $125 lower than those of competing insurers.
Although the Honda Odyssey has the most expensive list price among surveyed minivans, it's the cheapest of the group to insure. This popular minivan will set you back nearly $30K to buy, but will only cost approximately $102 per month to insure (via Nationwide).
Of the minivans we examined, the Kia Sedona had the lowest insurance costs and as the second-cheapest list price. The Sedona sells for $26,900 and carries a low average monthly premium of $120. The most affordable insurer, Nationwide, offers a monthly premium of just $112.
Although the Nissan Quest is the cheapest minivan to buy, it comes with the second-priciest insurance premium. Listed at $26,580, average insurance costs for the Quest total $130 a month to insure. It's possible to pay less by shopping around for a suitable policy. Start with Nationwide and Farmers, offering average Nissan Quest insurance rates of $116-119 per month.
With a list price near the middle of the pack among minivans, the Toyota Sienna is the most expensive of the class to insure. While it's more than $300 more expensive to insure per year than the Honda Odyssey, the cheapest options remain Nationwide and Farmers.
Although we’ve established minivans are not as expensive to insure as sedans or SUVs, saving money never hurts. Let’s break down some simple and easy steps that could save you a lot of money on your car insurance.
If you’re new to car insurance, you might not understand the financial consequences affiliated with filing a claim. Unless you have accident forgiveness built into your policy, filing a claim will cause you to be rated, i.e., charged, for at-fault accidents for three years. While it depends on your state, the average increase for filling an at-fault claim averages 48% per year. If you’ve been in an accident and are considering filing a claim, follow our guide below to see if it’s financially worth the rate increase to file a claim.
If you’ve damaged someone else’s vehicle, you are at the mercy of the other party in terms of involving insurance companies. If the other driver does not want to be paid out of pocket for the damage, which is common, you don’t have a choice: insurers are going to get involved. We’re primarily talking about collision claims. Comprehensive or uninsured property damage typically don't impact rates by as much.
While rate increases for at-fault claims vary considerably by state, we've calculated the average rate hikes across the US. As you can see, an at-fault accident will —over the three-year period — raise your rate by more than $1,700.
|Increase at 6 months||Increase at 12 months||Increase at 3 Years|
Although auto insurance discounts are typically small, they add up to cut down on your insurance bill. When looking for ways to save, consider the following:
While we did some of the legwork involved with finding affordable insurance for your minivan, understand that car insurance is incredibly specific to you. Consider this data a jumping-off point, not a golden rule. There will be plenty of times when Farmers and Nationwide will not be the cheapest car insurance companies for your van, but State Farm will be. The only way to make sure you’re getting the cheapest rates is to assess as many companies as possible. You can see car insurance quotes for your minivan model and your personal driving profile by using our comparison app. Enter your zip code below and discover the policy for you today.
Didn't get all your questions answered? See our additional articles for extra ways to save on car insurance.
Between September and December 2017, The Zebra conducted comprehensive auto insurance pricing analysis using its proprietary quote engine, comprising data from insurance rating platforms and public rate filings. The Zebra examined nearly 53 million rates to explore trends for specific auto insurance rating factors across all United States zip codes, averaged by state, including Washington, DC.
Analysis used a consistent base profile for the insured driver: a 30-year-old single male driving a 2013 Honda Accord EX with a good driving history and coverage limits of $50,000 bodily injury liability per person/$100,000 bodily injury liability per accident/$50,000 property damage liability per accident with a $500 deductible for comprehensive and collision. For coverage level data, optional coverage (that must be rejected in writing) is included where applicable, including uninsured motorist coverage and personal injury protection.
National property and casualty losses information is from the Insurance Information Institute and the NOAA National Centers for Environmental Information U.S. Billion-Dollar Weather and Climate Disasters report.
For vehicle make and model data, analysis referenced the most popular vehicles in the U.S. by 2016 year-end sales, according to Goodcarbadcar.net’s automakers’ data.
Finally, some rate data may vary slightly throughout report based on rounding.