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Best homeowners insurance in Hawaii for 2023

Updated Jan 03, 2023
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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How Bankrate chose the best home insurance companies in Hawaii

To find the best Hawaii homeowners insurance, we reviewed some top Hawaii home insurance companies using our unique methodology. Based on the findings, we assigned each company a Bankrate Score out of five points. Bankrate Scores are calculated using factors like affordability, coverage options, customer service, financial strength and online and mobile tools.

When comparing home insurance companies in Hawaii, using Bankrate Scores to guide your search can be helpful. Companies that receive a high score are generally well-rounded, with good offerings across the board. On the other hand, low Bankrate Scores may indicate shortcomings in multiple areas, such as price or customer satisfaction.

Best home insurance companies in Hawaii

Based on our review of the top Hawaii home insurance providers, Allstate, Ocean Harbor Insurance Group and State Farm stand out as some of the best carriers. These home insurance companies offer affordable rates, multiple coverage options, generous discounts and good ratings in the J.D. Power 2022 U.S. Home Insurance Study.

State Farm
Rating: 3.2 stars out of 5
3.2
Bankrate Score
Info
Average annual premium
$434
J.D. Power
835
/1,000
AM Best
A++
Read review
Allstate
Rating: 3.5 stars out of 5
3.5
Bankrate Score
Info
Average annual premium
$358
J.D. Power
829
/1,000
AM Best
A+
Get a quote
Ocean Harbor
Average annual premium
$514
J.D. Power
Not rated
AM Best
Not rated
Get a quote
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Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

*Average rates are for annual policies with $250,000 in dwelling coverage

Best home insurance company for digital tools

J.D. Power:
835 /1,000
AM Best:
A ++
Avg. annual premium for 250k dwelling
$ 434
State Farm Insurance review

Explore Bankrate's review

Best home insurance company for discounts

J.D. Power:
829 /1,000
AM Best:
A +
Avg. annual premium for 250k dwelling
$ 358
Allstate Insurance review

Explore Bankrate's review

Best home insurance company for add-on coverage options

Ocean Harbor

J.D. Power:
Not rated
AM Best:
N/A
Avg. annual premium for 250k dwelling
$ 514
Get a personalized quote

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How much is homeowners insurance in Hawaii?

The average cost of homeowners insurance in the Aloha State is $378 per year for $250,000 in dwelling coverage, which is significantly less than the U.S. national average of $1,383 per year. It’s also much cheaper than nearby states along the Pacific Ocean, like California ($1,084 per year) and Oregon ($704 per year).

Hawaii’s low home insurance rates could be due to the state’s relatively low risk of incurring property losses from natural disasters. Additionally, because Hawaii homeowners with a mortgage are required to carry a separate hurricane insurance policy, the required expense may play a part in the low-cost standard home insurance policy.

However, your home insurance premium will vary based on more than a dozen rating factors, according to the Insurance Information Institute (Triple-I). For instance, the age and construction of your home, replacement cost, property claims history, coverage and deductibles chosen, proximity to a fire station and even your marital status all contribute to your rate.

The cost of your home insurance will also depend on where you live. In the table below, you can see the average cost of home insurance in various cities around Hawaii:

Home insurance in Hawaii

Although Hawaii is relatively safe from the impacts of many natural disasters, such as tornadoes, hailstorms and blizzards, there are still state-specific causes of loss and insurance considerations to make when buying property insurance. These factors could help you determine what coverage types are right for you.

Common causes of loss in Hawaii

The most common causes of property losses in Hawaii are floods, earthquakes, wildfires and hurricanes.

  • Earthquake damage: In October 2006, two earthquakes — a 6.7 and 6.0 magnitude — struck Hawaii’s Big Island just a few minutes apart. The earthquakes damaged 1,173 homes and left 29 homes unlivable.
  • Wildfire damage: Hawaii might not be the first state you think of when you think of wildfires, but they are a significant issue. Fifty-eight wildfires burned in Hawaii in 2020, damaging 472 acres of land.
  • Flood damage: The entire state of Hawaii is at an increased risk of flooding, with an average National Flood Insurance Program (NFIP) claim payment of $36,100.
  • Windstorm damage: While Hawaii can incur wind and water impacts from Pacific basin hurricanes, as it did with Hurricane Douglas in 2020, the state has only experienced two other landfalls in its history — Iniki in 1992 and Dot in 1959.

Understanding these common causes of damage can help you know what kind of insurance protections to purchase. Perils such as earthquakes, floods, and hurricanes are typically excluded from a standard homeowners policy and require an additional policy to have coverage.

Home insurance coverage options in Hawaii

In addition to standard home insurance coverage types like dwelling coverage, personal property coverage and liability coverage, you may want to consider tailoring your policy to Hawaii’s unique risks. For example, though uncommon, hurricane damage is not included in standard Hawaii home coverage and requires a separate policy. Here are some additional coverage options you might want to consider:

  • Flood insurance: Damage caused by flooding is not covered under a standard home insurance policy. This is typically a separate policy, but some home insurers offer it as an endorsement. The policy may even be required if you have a mortgage or live in a high-risk flood zone. Flood insurance can be purchased through the NFIP or private insurers.
  • Earthquake insurance: Just like flood damage, earthquake damage is not usually covered by a standard home insurance policy. You can often purchase earthquake insurance as an endorsement, but if you are in a particularly high-risk area, you may need a separate policy.
  • Landscaping: Many Hawaii homeowners invest time into their yards and gardens. To offer additional protection for these external areas of your property, you may want to consider purchasing increased landscaping or garden coverage from your home insurer.

Working with a local insurance agent may be helpful when determining what coverage to purchase.

Frequently asked questions

Written by
Carol Pope
Insurance Writer

Carol Pope is an insurance writer for Bankrate and prior to joining the team, she spent 12 years as an auto insurance agent. During this time, she sold, serviced and underwrote auto insurance for people across the country. She also has experience selling supplement coverage such as umbrella insurance.

Edited by Insurance Editor
Reviewed by Director of corporate communications, Insurance Information Institute