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

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.

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.

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.

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.

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.

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.

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.

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.