The best cheap car insurance in Hawaii
Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. Terms apply to offers listed on this page. Read our editorial standards.
According to the Insurance Information Institute, Hawaii drivers pay around $803 a year for car insurance on average, which is below the national average. Unlike other states, Hawaii does not allow insurance companies to use age, gender, marital status, or credit scores to calculate premiums.
Other factors car insurance companies consider to determine your premium include your location, vehicle type, driving record, previous coverage, and miles driven can all play a role in the amount you’ll pay for coverage.
Shopping around for coverage is the best way to ensure you’re getting the best price for yourself. Every company weighs these factors differently, so getting quotes from different companies and comparing them is the best way to find the most affordable policy for you.
Minimum car liability insurance requirements in Hawaii
In the US, drivers must have liability coverage. If you’re involved in an accident, liability insurance covers damage you cause to the other vehicle, driver, and passengers. If you finance or lease your car, your lender probably requires comprehensive and collision coverage.
Insurance is cheaper in Hawaii because Hawaii does not allow insurance companies to use age, gender, marital status, or credit scores to determine premium rates.
The two main components of liability insurance are bodily injury and property damage, which most states require. Liability insurance also includes uninsured motorist and underinsured motorist coverage. This type of coverage protects you when an at-fault driver hits you, and they have no coverage or not enough coverage.
According to the Insurance Information Institute, Hawaii requires bodily, property, and personal coverage. Hawaii’s minimum liability requirements are 20/40/10 — $20,000 of injury protection for each person involved in an accident, up to $40,000 worth of injuries per incident, and up to $10,000 of property damages per incident.
| Types of liability coverage | Definition |
| Bodily injury (BI) | Injury you cause to others, includes medical expenses, lost wages, and funeral expenses |
| Property damage (PD) | Damage you cause to others’ vehicle or property |
| Uninsured motorist (UM) | Protects you when an at-fault driver hits you with no insurance |
| Underinsured motorist (UIM) | Protects you when an at-fault driver hits you with not enough coverage |
Best car insurance for Hawaii drivers with a clean record
For a driver in Hawaii age 25 or older with no accidents and one vehicle, the following companies provide the best average rates:
| Company | Average monthly insurance premiums |
| USAA* | $113 |
| State Farm | $113 |
| GEICO | $115 |
| Liberty Mutual | $117 |
| Progressive | $134 |
| Allstate | $139 |
*USAA is only for active military, veterans, and their families.
Above data obtained from Savvy, based on 536 policyholders in the state of Hawaii
Best car insurance for Hawaii drivers with one or more accidents
For a driver in Hawaii age 25 or older, with one or more accidents and one vehicle, the following companies provide the best average rates:
| Company | Average monthly insurance premium |
| GEICO | $130 |
| Progressive | $155 |
| State Farm | $158 |
| Allstate | $174 |
Above data obtained from Savvy, based on 536 policyholders in the state of Hawaii
Hawaii car insurance rates by city
Below is the estimated average annual premium of auto insurance policies per household in Hawaii’s most populous cities:
| Company | Average annual insurance premium |
| Urban Honolulu | $1,339 |
| East Honolulu | $1,555 |
| Pearl City | $1,454 |
| Hilo | $1,328 |
| Waipahu | $1,426 |
| Kailua | $1,540 |
| Kaneohe | $1,501 |
| Kahului | $1,452 |
| Mililani Town | $1,517 |
| Ewa Gentry | $1,584 |
| Kihei | $1,407 |
| Mililani Mauka | $1,629 |
| Makakilo | $1,549 |
| Schofield Barracks | $1,351 |
| Kapolei | $1,551 |
| Wahiawa | $1,323 |
| Wailuku | $1,435 |
| Royal Kunia | $1,560 |
| Ewa Beach | $1,522 |
| Halawa | $1,489 |
| Waimalu | $1,389 |
| Kailua | $1,373 |
| Waianae | $1,335 |
| Hawaiian Paradise Park | $1,306 |
| Nanakuli | $1,401 |
| Lahaina | $1,391 |
| Waipio | $1,453 |
| Kalaoa | $1,441 |
| Ocean Pointe | $1,627 |
| Kapaa | $1,375 |
| Maili | $1,405 |
| Kaneohe Station | $1,331 |
| Holualoa | $1,402 |
| Waimea | $1,444 |
| Makaha | $1,310 |
| Waihee-Waiehu | $1,522 |
| Aiea | $1,528 |
| Haiku-Pauwela | $1,459 |
| Ahuimanu | $1,528 |
| Hickam Housing | $1,445 |
Data from S&P Global Market Intelligence
Most popular car insurance companies in Hawaii based on market share
The following are the most popular car insurance companies in Hawaii, based on the percentage of insured Hawaii drivers who use them:
| Company | Market share (%) |
| GEICO | 27.84 |
| State Farm | 18.28 |
| USAA* | 11.92 |
| Allstate | 9.19 |
| Progressive | 7.71 |
| Farmers Insurance | 5.54 |
| Tokio Marine | 5.03 |
| Liberty Mutual | 4.93 |
| Island Insurance | 3.13 |
| MS&AD Insurance | 2.19 |
| The Hartford | 1.11 |
| Auto Club Exchange | 1.06 |
| DB Insurance Co. | 0.76 |
| American Family Insurance | 0.33 |
| Fairfax Financial | 0.30 |
| Markel | 0.17 |
| Ocean Harbor Insurance | 0.16 |
| AIG | 0.13 |
| Chubb | 0.09 |
| MetLife | 0.03 |
| Pacific Specialty Insurance Company | 0.03 |
| Travelers | 0.03 |
*USAA is only for active military, veterans, and their families.
Data from S&P Global Market Intelligence
Who gets the best cheap car insurance in Hawaii?
In Hawaii, credit score, age, gender, or marital status aren’t factors determining your insurance premiums. Therefore, factors like your driving history, driving record, location, and type of car you drive will weigh more.
Another way to save is to shop around. Every insurance company prices policies differently, and no two policies are the same. Prices vary greatly depending on whether you get liability, comprehensive, or collision coverage.
Consider the amount of coverage and the types of coverage listed on your quote. Remember, you’re looking for the most coverage for your money. Don’t forget to look at the deductible or the amount you’ll pay out of pocket if you get into an accident.
This content was originally published here.
Responses