Orlando Harmon
Car insurance in Hawaii is relatively affordable compared to the rest of the United States. The average cost of car insurance in Hawaii is $109 per month or $1,306 per year, which is $301 less than the national average. The cheapest car insurance companies in Hawaii are Geico, USAA, and State Farm. The average cost of car insurance in Hawaii is 36% lower than the national average auto insurance premium. The cost of car insurance in Hawaii depends on various factors, including age, driving record, location, the amount of coverage, and the insurance company.
What You'll Learn
Cheapest car insurance companies in Hawaii
- Geico: Offers the cheapest full coverage in Hawaii, with an average rate of $1,303 per year. Minimum coverage costs $30 per month, and full coverage costs around $82 per month.
- USAA: Only available to military members, veterans and their immediate family. USAA is not officially ranked by J.D. Power but earned the highest score in the 2023 U.S. Auto Claims Satisfaction Study.
- State Farm: Agents are typically more familiar with the coverages drivers need locally. State Farm offers many discount opportunities and has plenty of agents across Hawaii.
- Allstate: Offers ridesharing coverage, which can be hard to find. Allstate's Ride for Hire program costs pennies a day and may cover gaps in coverage while waiting for a passenger assignment.
- Farmers: Offers a long list of coverage options, including new car replacement, original equipment manufacturer (OEM) coverage, and classic car and spare parts add-ons.
Billing Auto-Owners Insurance: A Step-by-Step Guide
You may want to see also
Hawaii's minimum auto insurance requirements
Hawaiʻi is a
The minimum liability limit is split into three categories, typically listed as 20/40/10. These numbers refer to:
- $20,000 in bodily injury coverage per person is how much your insurer will pay toward the injuries you cause to another driver or their passengers in an accident in which you are at fault.
- $40,000 in bodily injury coverage per accident is the total dollar amount available from your insurer to pay for all injuries you cause in an at-fault accident.
- $10,000 in property damage per accident refers to the limit of what your insurance company will pay to fix property that is damaged in an accident that you cause.
In addition, your minimum motor vehicle insurance policy must have protection for you and your passengers of $10,000 per person in personal injury protection benefits. This is for paying medical and rehabilitative costs.
Your mandatory coverages also include a $20,000 per person/$40,000 per accident bodily injury liability and a $10,000 per occurrence property damage liability. These cover damages for the injured party when you are at fault in an accident.
Ontario's Cheapest Vehicle to Insure
You may want to see also
Cheapest car insurance rates for drivers with prior incidents
Car insurance rates in Hawaii are determined by several factors, including age, driving history, and location. For drivers with prior incidents, such as accidents, speeding tickets, or DUIs, finding affordable car insurance can be challenging. Here are some tips for getting the cheapest car insurance rates in Hawaii for drivers with prior incidents:
- Shop around and compare quotes: Different insurance companies will offer varying rates, so it is essential to get quotes from multiple insurers to find the most cost-effective option.
- Consider a higher deductible: Increasing your deductible can lower your monthly premiums. However, ensure that you can afford the higher deductible if you need to make a claim.
- Improve your driving record: Insurance companies consider your driving history when determining your rates. By maintaining a clean driving record and avoiding further incidents, you can improve your chances of getting cheaper rates over time.
- Look for discounts: Ask about available discounts, such as safe driving, good student, bundling policies, or vehicle safety features. These discounts can help reduce your overall insurance costs.
- Choose the right coverage: Evaluate your needs and adjust your coverage accordingly. While minimum coverage may seem appealing to save money, it may not provide sufficient protection. Consider a full-coverage policy, especially if your car is worth more than $5,000 or is newer than eight years old.
- Consider the type of car: Certain makes and models of cars may have higher insurance rates due to repair costs or theft risks. Consider this when choosing a vehicle to help keep your insurance costs down.
- Explore alternative options: If you cannot find affordable rates through traditional insurance companies, look into alternative options, such as state insurance programs or self-insurance. These options may provide more affordable coverage for high-risk drivers.
Full Coverage Auto Insurance in Texas: Costs Explained
You may want to see also
Cheapest car insurance for young drivers in Hawaii
Hawaii's car insurance rates are determined by various factors, including age, driving record, vehicle type, and location. The cost of car insurance in Hawaii is lower than the national average, and Geico is often the cheapest option for many drivers, including young drivers.
According to ValuePenguin, Geico offers the most affordable car insurance for teens in Hawaii. The company charges $35 per month for minimum coverage and $93 per month for full coverage. These rates are about 35% cheaper than the average for either option.
WalletHub also names Geico as the cheapest option for young drivers, with rates as low as $23 per month.
Other Cheap Car Insurance Options in Hawaii
State Farm, Farmers, and Progressive also offer competitive rates for young drivers in Hawaii. However, rates will vary depending on individual factors such as age, driving record, and location. It is always a good idea to compare quotes from multiple insurance companies to find the best rate.
Average Cost of Car Insurance in Hawaii
The average cost of car insurance in Hawaii is $1,241 per year, or $103 per month. This is lower than the national average of $1,543 per year.
The cost of car insurance can vary depending on the level of coverage. Minimum coverage in Hawaii costs an average of $1,157 per year, while high coverage costs around $1,311 per year.
Factors Affecting Car Insurance Rates in Hawaii
Several factors can influence car insurance rates in Hawaii, including:
- Geography: Hawaii's limited roadways and island setup can impact driving conditions and accident risks, leading to higher premiums.
- Traffic: Population density and tourist activity can affect traffic patterns, increasing the risk of accidents and potentially raising insurance rates.
- Weather: Severe weather events, such as hurricanes and heavy rainfall, can increase the risk of vehicle damage and accidents, potentially impacting insurance rates.
- Cost of Living: The high cost of living in Hawaii may contribute to higher repair costs, medical expenses, and insurance claims.
Cargo Conundrum: Unraveling the Auto Insurance Coverage Mystery
You may want to see also
Cheapest overall
Geico has the cheapest car insurance in Hawaii, with an average rate of $35 a month for minimum coverage. The average cost of car insurance in Hawaii is much lower than the national average. While USAA offers Hawaii's lowest premiums overall, it only provides insurance to military members and their families.
The average monthly rate for minimum coverage in Hawaii is $60, and the state's average full-coverage rate is $138. Geico's average monthly rate for minimum coverage is $35, and $71 for full coverage.
The average cost of minimum-coverage auto insurance for a 35-year-old male with a good driving record is $60 a month. Geico's average minimum-coverage rate is $35 a month.
Geico has the cheapest rates for full-coverage car insurance in Hawaii, at an average of $71 a month. Island Insurance is the second-cheapest option, at $92 a month.
The average monthly rate for full-coverage car insurance for a 35-year-old male with a good driving record is $138. Geico's average full-coverage rate is $71 a month.
Cheapest for Drivers with a Speeding Ticket: Geico
If you have a speeding ticket on your driving record in Hawaii, you'll find the cheapest car insurance with Geico, at an average of $71 a month. Island Insurance has the second-cheapest average rate, at $100 a month.
The average monthly rate for full-coverage car insurance for a 35-year-old male with one speeding ticket on his driving record is $149. Geico's average rate is $71 a month.
Cheapest for Drivers with an At-Fault Accident: Geico
If you have an accident on your insurance record, Geico has the cheapest average car insurance rate of $104 a month. Island Insurance carries the second-cheapest rate, at $122 a month.
The average monthly rate for full-coverage car insurance for a 35-year-old male with one at-fault accident on his driving record is $162. Geico's average rate is $104 a month.
Cheapest for Senior Drivers: Geico
Senior drivers in Hawaii can find the cheapest car insurance from Geico, which charges an average rate of $71 a month. Your next-cheapest option is Island Insurance, at $92 a month.
The average monthly rate for full-coverage car insurance for a 65-year-old male with a clean driving record is $136. Geico's average rate is $71 a month.
Cheapest for Young Drivers: Geico
Geico has the cheapest car insurance for teens looking for either liability or full-coverage car insurance in Hawaii. Geico's average minimum-coverage rate for teens is $39 a month, and its average rate for full coverage is $80 a month.
The average monthly rates are for an 18-year-old male with a clean driving record.
Cheapest for Married Drivers: Geico
Married drivers in Hawaii pay the lowest car insurance rates with Geico, at an average of $71 a month.
The average monthly rates are for an 18-year-old male with a clean driving record.
Foremost Auto Insurance: The Good, the Bad, and the Unique
You may want to see also
Frequently asked questions
The average cost of car insurance in Hawaii is $109 per month or $1,306 per year. That’s $301 less than the nationwide average annual rate of $1,607 in the United States.
Geico has the cheapest car insurance quotes for most drivers in Hawaii. Minimum coverage from Geico costs $30 per month, and full coverage costs around $82 per month. That's about 40% cheaper than the state average.
Hawaii requires drivers to have a minimum of $20,000 of bodily injury liability per person and $40,000 per accident, along with $10,000 of property damage liability per accident. Drivers also must have $10,000 of personal injury liability coverage.
Yes, the cost of car insurance in Hawaii is much lower than the national average. Rates in Hawaii are 21% cheaper than the national average for minimum liability coverage and 17% cheaper for full coverage.
Car insurance will typically cover damage caused by volcanoes if you have comprehensive coverage. However, if your car is damaged by wind or ash buildup after an initial eruption, you might not be covered.
