There are nearly 910,000 licensed drivers living in Hawaii. Every resident with a vehicle registered on the Big Island is required to carry a minimum amount of car insurance, which protects drivers legally and financially in the event of an at-fault accident.
Car insurance in Hawaii is moderately priced. The average driver pays $1,200 annually for a full coverage policy and $333 annually for a minimum coverage policy. However, every car insurance company charges a different rate and some providers are cheaper than others.
The cheapest car insurance in Hawaii
There are several popular providers that offer cheap car insurance in Hawaii. The table below includes the most affordable carriers on the Big Island and their average annual minimum coverage and full coverage premiums:
|Car Insurance Company||Average Annual Premium for Minimum Coverage||Average Annual Premium for Full Coverage|
Quadrant Information Services, 2020
USAA car insurance is available to Hawaiians who actively serve in the military or are retired veterans. In addition to affordable rates, USAA also offers highly-rated customer service and good coverage. The average Hawaii driver will pay $1,052 annually for full coverage insurance and $259 annually for minimum coverage insurance.
USAA indicates that its members who switch from different insurance companies to USAA auto insurance can save an average of $707 per year. Customers can take advantage of discounts for being smart students, safe drivers, long-term customers, taking a driver training course, garaging a vehicle on a military base and driving under a certain number of miles each year.
Geico is known for selling cheap car insurance to drivers in Hawaii and around the country. The average driver in Hawaii pays $1,061 per year for a full coverage insurance policy and $302 per year for a minimum coverage insurance policy. However, insurance coverage from Geico is basic, and may not be the best option for drivers who want customizable coverage.
With a policy from Geico, drivers in Hawaii get access to a long list of unique discounts. There are savings for military personnel, federal employees, employee or membership groups, good students, taking a defensive driving course, going on emergency deployment, insuring multiple vehicles and having a car with advanced safety features.
State Farm car insurance is highly rated and, since 1942, has been the top auto insurance provider in the United States. Drivers in Hawaii pay an average of $1,054 per year for full coverage insurance and $326 per year for minimum coverage insurance from State Farm. The company also offers generous discounts for even more savings.
State Farm has several popular discounts for good students, being accident-free and bundling policies, among other savings. Additionally, State Farm has two types of safe driver discount programs: Steer Clear for young drivers and Drive Safe & Save for adults.
Allstate car insurance is a good option for Hawaii drivers who are looking for customizable coverage options. Allstate sells unique coverages like rideshare insurance, sound system insurance and accident forgiveness. There is also a pay-per-mile policy, called Milewise, which is ideal for infrequent drivers who want affordable coverage.
In Hawaii, the average full coverage policy from Allstate costs $1,134 and the average minimum coverage policy costs $383 per year. Drivers can save even more by qualifying for discounts such as insuring a new car, having a car with anti-lock brakes, signing a policy early, paying in full and consistently making payments on time.
Farmers is the most expensive car insurance company on our list, with an average full coverage premium of $2,067 and an average minimum coverage premium of $598. However, drivers get access to a wide range of coverage options, like new car replacement, guaranteed value coverage, customized equipment coverage, spare parts coverage and much more.
Drivers in Hawaii can get a lower insurance premium by enrolling in Farmers’ safe driver discount program, called Signal. The company also offers state-specific discounts, which are not advertised on the website. Drivers who are interested in a policy from Farmers should contact an agent to find out which discounts are available in Hawaii.
Affordable coverage for Hawaii drivers
Car insurance is legally required in Hawaii. Drivers must carry at least 20/40/10 in personal liability insurance. This includes $20,000 bodily injury liability coverage per person, $40,000 bodily injury liability coverage per accident and $10,000 in property damage liability coverage per accident.
In addition, Hawaii is a no-fault state, which means drivers are required to carry at least $10,000 in personal injury protection (PIP). PIP insurance covers medical bills, lost wages and other reasonable healthcare expenses when a driver gets into an accident, regardless of which driver was responsible.
Drivers in Hawaii who purchase minimum coverage insurance pay the lowest rate. However, there is no guarantee that Hawaii’s minimum insurance requirements will cover the full cost of an accident. Because of that, it is recommended that most drivers purchase coverage beyond the required amount.
How to get cheap car insurance in Hawaii
Drivers can begin their search for the cheapest auto insurance in Hawaii by choosing the right provider based on their needs. There are also several other things drivers should consider when searching for affordable car insurance:
- Compare rates: When researching insurance providers, get quotes from several different car insurance companies and compare them. By comparing rates from multiple providers, you will likely be able to determine which company will be your cheapest option based on the type and amount of coverage you need.
- Look for discounts: Taking advantage of discounts can lower your car insurance premium. Pay special attention to insurance companies that offer multiple discounts you may qualify for.
- Pay in full: If you can afford to pay your annual insurance premium upfront, you can probably earn a small discount on your policy. Some insurance companies also offer discounts for paying bi-annually or quarterly, rather than monthly.
- Raise the deductible: Having a higher deductible will lower your monthly premium. However, raising the deductible may cause your out-of-pocket costs for a claim to be higher. It is important for drivers to carefully consider the trade-offs and their needs before deciding if this option works best for them.
Frequently asked questions
What is the best car insurance in Hawaii?
Some of the best car insurance companies in Hawaii are Geico, State Farm, Allstate and Liberty Mutual. However, the best provider is different for every driver. To find the best insurance company for you, shop around and compare providers based on your needs and preferences.
What is the average cost of car insurance in the U.S.?
The average driver in the United States pays $1,738 annually for a full coverage insurance policy. In Hawaii, the average full coverage policy costs $1,200 per year. Drivers in Hawaii pay significantly less for car insurance compared to the national average.
What factors impact car insurance rates?
Car insurance companies look at a number of factors when calculating your personalized insurance rate. Your ZIP code, age, credit score, claims history and the type of car you drive, among other factors, can all affect your premium.
Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2018 Honda Accord, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.
Rates are determined based on 2020 Quadrant Information Services data.