Compare the Cost of Honda Odyssey Insurance by Model Year and Company


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ByMark Fitzpatrick
ByMark Fitzpatrick

Updated: May 20, 2024

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Your age can be a major determinant of your Honda Odyssey auto insurance premium.

For example, MoneyGeek found that a 16-year-old who insures a 2009 Honda Odyssey spends roughly $5,009 per year for full coverage, while a 40-year-old only pays around $1,093. For a 2022 model, a 16-year-old spends roughly $6,100 per year, whereas a 40-year-old only has to pay an average of $1,364.

Affordability is a factor to consider when purchasing auto insurance, but MoneyGeek evaluated the best insurance providers for a Honda Odyssey based on cost, customer service and claims management, as all three are important when selecting a company.

MoneyGeek Logo IconCar Insurance CostsHonda Odyssey
2024

Why Trust MoneyGeek? We collected thousands of car insurance quotes from Quadrant Information Services to analyze average rates for a Honda Odyssey.

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These rates were updated to reflect the average cost of car insurance for a Honda Odyssey as of 2023.

10Companies Compared
 
41,382Quotes Analyzed

Average Cost and Cheapest Companies for Insuring a Honda Odyssey

It costs an average of $1,252 annually to insure a Honda Odyssey with full coverage. Your actual rate can be much higher or lower depending on the insurance company that you choose. For instance, State Farm offers the cheapest full coverage policy at around $1,032 per year, while Farmers is the most expensive at roughly $1,398 per year.

For minimum coverage, State Farm is also the cheapest, charging around $470 per year. Farmers remains the most expensive at roughly $668 per year. That shows you how important it is to compare rates from multiple companies when looking for the cheapest car insurance.

Data filtered by:Results filtered by:
Age:
Age:40
Coverage:
Coverage:Full Coverage
State FarmAverage Annual Premium$1,032
GEICOAverage Annual Premium$1,111
TravelersAverage Annual Premium$1,235
NationwideAverage Annual Premium$1,235
AllstateAverage Annual Premium$1,270
ProgressiveAverage Annual Premium$1,337
FarmersAverage Annual Premium$1,398

Is a Honda Odyssey Expensive to Insure?

As a family minivan, the Honda Odyssey is cheap to insure compared to other car models. It has a lower value, making it less expensive to repair or replace. It also has low horsepower, making high-risk driving tougher, and excellent safety ratings. Because of these factors, insurers charge a lower premium for coverage.

Best Companies for Insuring a Honda Odyssey

You should consider affordability, service quality and claims experience when choosing the best car insurance for a Honda Odyssey. MoneyGeek found that the best providers for a Honda Odyssey are:

  • State Farm: MoneyGeek score of 90 out of 100 ($1,032 per year)
  • GEICO: MoneyGeek score of 87 out of 100 ($1,111 per year)

Offering the cheapest full coverage rate and ranking second for customer satisfaction, State Farm claims the top spot out of seven providers in our study. With this insurer, you can expect an affordable rate without sacrificing service quality.

MoneyGeek Top Pick: State Farm

State Farm

pros

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Cheapest average full coverage rate of the providers in our study

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Ranked second in customer satisfaction

cons

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Below-average claims management

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Doesn’t offer original equipment manufacturer coverage or gap insurance

COMPANY HIGHLIGHTS

State Farm has a strong reputation for delivering great customer service and offers the cheapest rates for a Honda Odyssey. Plus, its extensive line-up of discounts could make your policy even more affordable.

Although State Farm has a very short list of add-on coverage options, they are valuable. Roadside assistance covers towing, locksmith services, mechanical labor and the delivery of gas, tires, a battery or oil. However, you must pay the cost of the delivered items.

With rental car coverage, you get a car after a covered claim for as many days as policy limits allow. You may also get up to $500 in meals, lodging and other transportation costs if your car gets damaged in a covered accident. And if you experience an at-fault accident in your rental car, you have up to $500 towards your deductible.

Read MoneyGeek's State Farm Auto Insurance Review

MoneyGeek Runner-Up: GEICO

GEICO

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Second-most affordable

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Provides good customer service

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Offers add-on roadside assistance, accident forgiveness and mechanical breakdown insurance

cons

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Below-average claims management rating

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No original equipment manufacturer (OEM) coverage

COMPANY HIGHLIGHTS

GEICO is the next-best option for drivers with a Honda Odyssey. It provides good service with an affordable full coverage premium.

Honda Odyssey owners could purchase several useful coverages from GEICO. Its mechanical breakdown insurance (MBI) covers all of your car’s parts and systems at a low cost compared to a typical dealer’s extended warranty. To qualify, you must have a new or leased car that’s less than 15 months old with less than 15,000 miles.

Roadside assistance coverage is also worth purchasing if you want to know you have help in a breakdown. It covers flat tires, towing and jumpstarts. Depending on the state where you live, you may also purchase or earn GEICO’s accident forgiveness coverage which ensures that you won’t face an increase in your premium after your first at-fault accident.

Read MoneyGeek's GEICO Auto Insurance Review

Cost of Insuring a Honda Odyssey by Model Year

A Honda Odyssey’s age has an effect on the average cost of car insurance. A car’s value depreciates over time, so newer models often cost more to insure. For instance, a full coverage policy for a 2009 Honda Odyssey only costs around $1,093 per year, but the price goes up by around $271 with a 2022 model, which costs roughly $1,364 a year.

Data filtered by:Results filtered by:
Age:
Age:40
Coverage:
Coverage:Full Coverage
2022Average Annual Premium$1,364
2021Average Annual Premium$1,348
2020Average Annual Premium$1,296
2019Average Annual Premium$1,296
2018Average Annual Premium$1,271
2017Average Annual Premium$1,226
2016Average Annual Premium$1,231
2015Average Annual Premium$1,213
2014Average Annual Premium$1,172
2013Average Annual Premium$1,182
2012Average Annual Premium$1,168
2011Average Annual Premium$1,116
2010Average Annual Premium$1,117
2009Average Annual Premium$1,093

The average cost of car insurance not only varies by model year but also by provider. State Farm is the cheapest insurer for a Honda Odyssey, with full coverage costing an average of $860 yearly for a 2009 model and $1,173 annually for a 2022 model.

Data filtered by:Results filtered by:
Model Year:
Model Year:2022
Age:
Age:40
Coverage:
Coverage:Full Coverage
State FarmAverage Annual Premium$1,173
GEICOAverage Annual Premium$1,259
NationwideAverage Annual Premium$1,269
TravelersAverage Annual Premium$1,337
ProgressiveAverage Annual Premium$1,501
FarmersAverage Annual Premium$1,565
AllstateAverage Annual Premium$1,577

Cost of Insuring a Honda Odyssey for 16- to 25-Year-Olds

When calculating an insurance premium for a Honda Odyssey, providers look at several key factors, including your age. We found that car insurance for teens and young adults tends to be more expensive than for middle-aged drivers.

For example, the average annual rate for a 16-year-old with a Honda Odyssey who purchases full coverage is around $5,530, but a 40-year-old driver with the same policy only spends roughly $1,221.

Teen car insurance rates become cheaper each year and even out when drivers hit their 20s.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
16Average Annual Premium$5,530
17Average Annual Premium$4,498
18Average Annual Premium$3,945
19Average Annual Premium$2,743
20Average Annual Premium$2,483
21Average Annual Premium$1,913
22Average Annual Premium$1,771
23Average Annual Premium$1,646
24Average Annual Premium$1,563
25Average Annual Premium$1,413

It’s always worth investing time and effort to compare rates from different providers if you want to find the cheapest possible teen car insurance.

For example, 16-year-old drivers with a Honda Odyssey may get the lowest premium for full coverage from State Farm at around $3,271 per year. Farmers is the most expensive insurer at an average annual cost of $7,198.

The above rates are for an individual policy, but teens can save a great deal per year if they join a family policy. Plus, in most cases, it is illegal for a teen under 18 to purchase auto insurance without a parent or guardian as a co-signer.

Data filtered by:Results filtered by:
Age:
Age:16
Model Year:
Model Year:2022
Coverage:
Coverage:Full Coverage
State FarmAverage Annual Premium$3,729
NationwideAverage Annual Premium$4,962
TravelersAverage Annual Premium$5,258
GEICOAverage Annual Premium$5,913
AllstateAverage Annual Premium$7,277
FarmersAverage Annual Premium$7,854
ProgressiveAverage Annual Premium$7,911

How Does Location Affect the Cost of Honda Odyssey Insurance?

Your age and model year influence how much you spend on Honda Odyssey auto insurance, but where you live may have a small or large impact on your auto insurance rate.

Rates tend to vary by state, and MoneyGeek found that Idaho is the cheapest state to insure a car while New York is the most expensive. You’ll have an easier time shopping for car insurance for your Honda Odyssey if you already have an idea of the most affordable insurers in your area. MoneyGeek has done this work for you.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
AlabamaCheapest CompanyNationwideAnnual Premium$709Monthly Premium$59
AlaskaCheapest CompanyState FarmAnnual Premium$699Monthly Premium$58
ArizonaCheapest CompanyRoot Insurance CompanyAnnual Premium$682Monthly Premium$57
ArkansasCheapest CompanyState FarmAnnual Premium$629Monthly Premium$52
CaliforniaCheapest CompanyAAA CaliforniaAnnual Premium$1,001Monthly Premium$83
ColoradoCheapest CompanyAmerican National P&CAnnual Premium$541Monthly Premium$45
ConnecticutCheapest CompanyGEICOAnnual Premium$693Monthly Premium$58
DelawareCheapest CompanyState FarmAnnual Premium$881Monthly Premium$73

Frequently Asked Questions About Honda Odyssey Insurance

Many drivers looking to insure their Honda Odyssey often have questions about cost and service quality. Here are MoneyGeek’s answers to the commonly asked ones.

What company has the cheapest car insurance for a Honda Odyssey?
What company offers the best car insurance for a Honda Odyssey?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.