Is Car Insurance Cheaper for a Sedan or Minivan?

Outside of getting you from point A to point B, minivans and cars are very different vehicle types. For some, a sedan is a great option. Sedans are simple, compact, typically fuel-efficient, and oft-economical in terms of list price and insurance premiums. If a sedan is your starter vehicle of choice, a minivan could be your next pick. It’s great for towing the kids around, it's more spacious, and many minivans are designed with accessibility in mind. If you’re unsure which vehicle type is right for you, we can help. Let’s break down the costs of buying and insuring popular cars and vans to help you decide which is right for you.

On average, it’s about $6,489 more expensive to buy a minivan than to purchase a sedan. If we look more closely at particular models and their corresponding costs of ownership, some disparities emerge.

A difference of over $7,000 separates the list price of the most expensive minivan (Toyota Sienna) from the most expensive sedan (Toyota Camry). Between the cheapest sedan (Honda Civic) and cheapest minivan (Dodge Grand Caravan), there’s a gap of over $7,000. Vans and sedans serve vastly different purposes aside from simple transportation. If you’re on the fence about which vehicle is right for you, the price of purchase could be a deciding factor.

Unlike the cost of buying a van, the cost to insure a minivan is actually a bit cheaper than the cost of insuring a sedan. While there will be considerable difference between individual car insurance companies' costs — and on a model-by-model basis — the average cost of insurance for a minivan is actually $122 less expensive per year than the cost to insure a sedan.

Between the least expensive sedan to insure (Honda Accord) and the least expensive van (Toyota Sienna), there’s just a $71 annual difference —with the van being less expensive to insure. For the most expensive-to-insure sedan (Ford Fusion) compared to the Chrysler Pacifica, insuring the minivan is cheaper. On average, the Pacifica costs over $200 less per year to insure than does the Fusion.

If you’re debating whether or not to buy a sedan and it’s coming down to the price, the actual list price may be more of a determining factor than the annual premium. Although there is variability based on the model and your insurance company, our data shows that overall insurance costs are quite close between minivans and sedans — although minivans may be more expensive up front, the cost of insurance can be slightly cheaper. For more information regarding vans and sedans, see our individual articles below or find your exact make and model here.