Nearly 910,000 licensed drivers live in Hawaii. Each resident who has a vehicle registered on Big Island must have minimum coverage for their car. This protects them financially and legally in the event that an accident occurs.
Insurance for car in Hawaii has moderately high prices. The average driver spends $1,127 per year for a full coverage policy, and $345 annually to get a policy with minimal coverage. Each car insurance company has a different rate, and there are some providers that are more affordable than others.
Hawaii has the cheapest car insurance
Many providers offer affordable car insurance in Hawaii. Below is a table listing the top-rated carriers with the highest market share, as well as their average annual minimum coverages and full coverage premiums.
USAA
USAA offers car insurance to Hawaiins who are active in the military, or retired veterans. USAA offers affordable rates and excellent coverage. An average Hawaii driver will spend $1,052 annually on full coverage insurance, and $259 annually on minimum coverage insurance.
USAA states that members who switch from other insurance companies to USAA auto insurance will save on average $707 each year. Customers can benefit from discounts if they are smart students, safe drivers, and long-term customers. They also get discounts for taking driver training courses, garaging vehicles on military bases, and driving less than a certain amount of miles per year.
Geico
Geico is well-known for selling affordable car insurance to drivers throughout Hawaii and the United States. An average Hawaii driver pays $1,061 annually for full coverage insurance and $302 for minimum coverage insurance. Geico insurance coverage is not customizable and may not be the best choice for drivers who need it.
Geico offers drivers in Hawaii a wide range of discounts. You can save on your premiums for military personnel, federal employees and members groups.
State Farm
State Farm’s car insurance is highly rated. Since 1942, it has been the best auto insurance provider in America. Hawaii drivers pay on average $1,054 annually for full coverage insurance. State Farm’s minimum coverage insurance costs $326 per annum. For even greater savings, the company offers discounts.
State Farm offers several discounts to students who are good, including accident-free, bundling and other savings. State Farm offers two types of safe driver discounts: Steer Clear to young drivers and Drive Safe & Save to adults.
Island
For over 75 years, Island Insurance has been the preferred carrier for Hawaiian families. If you have multiple policies with Island, or a hybrid car, you can save money on your car insurance. Basic coverage costs only $386 per annum, which is very competitive. Full coverage costs $1,606 annually, which is still quite expensive compared to the four other carriers.
Island Insurance, as the name suggests, is a coverage company that focuses exclusively on the Hawaiian Islands. It provides friendly, local service, and insurance that addresses the needs of Hawaiian car owners.
Allstate
Hawaii drivers looking for flexible coverage options can choose Allstate car insurance. Allstate offers unique coverages such as rideshare, sound system insurance, and accident forgiveness. A pay-per mile policy called milewise is available for those who are not frequent drivers and want affordable coverage.
The average Hawaii Allstate policy covers $1,134 per year, while the minimum coverage policy is $383. You can save even more by claiming discounts like insuring a brand new vehicle, purchasing anti-lock brakes for your car, signing up early, paying in full, and making regular payments.
Minimum coverage for Hawaii drivers
Hawaii law requires that car insurance be purchased. Personal liability insurance must be at least 20/40/10. This includes $20,000 bodily injuries liability coverage per person, $40,000 bodily Injury liability coverage per incident and $10,000 property damage liability coverage.
Hawaii is also a no fault state. Therefore, drivers must have at least $10,000 in personal accident protection (PIP). PIP insurance covers medical expenses, lost wages, and other reasonable healthcare expenses if a driver is involved in an accident.
Hawaii drivers who have minimum coverage insurance will pay the lowest rates. There is no guarantee that Hawaii’s minimum requirements for insurance will cover all costs of an accident. It is therefore recommended that drivers buy coverage that exceeds the minimum requirements.
How to Get Cheap Car Insurance in Hawaii
The best way for drivers to find the cheapest auto insurance in Hawaii is to start their search by selecting the right provider that suits their needs. When searching for affordable car insurance, there are several things drivers need to consider.
- Compare rates: Get quotes from multiple insurance companies when you are researching car insurance. Comparing rates from different providers will help you determine the best deal based on what type of coverage you require.
- Discounts: You can reduce your car insurance premium by taking advantage of these discounts. Insurance companies offering multiple discounts may be worth your attention.
- You can get a discount if you pay all of your annual premiums upfront. Many insurance companies offer discounts for bi-annually paying or quarterly payments, as well as monthly.
- Increase your deductible: A higher deductible will reduce your monthly premium. However, raising your deductible could increase your out-of pocket costs in the event of a claim. Drivers should carefully consider all the pros and cons before deciding which option is best for them.
Questions frequently asked
Which is the best Hawaii car insurance?
Geico, Allstate, Liberty Mutual, and State Farm are some of the top car insurance companies in Hawaii. The best provider for each driver is different. Compare providers and shop around to find the best company for you based on your preferences and needs.
What is the average cost for car insurance in the United States?
A full coverage policy with full coverage costs $1674 per year for the average American driver. The average Hawaii full coverage policy costs $1127 annually. Hawaii drivers pay much less for car insurance than the national average.
What are the factors that impact car insurance rates
Your ZIP code, claims history, and type of car you drive can all impact your premium. Insurance companies in Hawaii are prohibited from calculating your car insurance premium based on your credit score, gender, or age.
