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Best homeowners insurance in Hawaii for 2023

Updated Mar 02, 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.

Quick Facts
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$382/year
average savings through Bankrate
Two Thirds
2 out of 3 homes
are underinsured
Insurance Home
1 out of every 20
insured homes makes a claim each year
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100% of homes
need insurance before getting a mortgage
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Compare the best homeowners 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. Based on our research, and data from Quadrant Information Services, these home insurance companies offer affordable rates, multiple coverage options, generous discounts and good scores 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
AM Best
A++
J.D. Power score
829
/1,000
Average monthly premium
$37
Average annual premium
$444
Read review
Allstate
Rating: 3.5 stars out of 5
3.5
Bankrate Score
Info
AM Best
A+
J.D. Power score
815
/1,000
Average monthly premium
$30
Average annual premium
$358
Get a quote
Ocean Harbor
AM Best
Not rated
J.D. Power score
Not rated
Average monthly premium
$43
Average annual premium
$521
Get a quote
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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.

The top three home insurance companies in Hawaii

Best for digital tools

Rating: 3.2 stars out of 5
3.2 Bankrate Score
JD Power: 829 AM Best: A++

Average annual premium

$ 444 for $250k dwelling
State Farm Review

Explore Bankrate's review

Why State Farm made our list: In addition to standard home protection, State Farm offers a fire safety program through a partnership with Ting that you won't find with other companies. State Farm will send eligible policyholders a free device that monitors your home's electrical system and alerts you of any issues via a mobile app. For those who prefer to do business in person, State Farm has many local offices across Hawaii. For tech-savvy homeowners, State Farm took the second spot in the J.D. Power 2022 U.S. Insurance Digital Experience Study for overall customer satisfaction. It is important to note that while it scored above average in the J.D. Power 2022 U.S. Home Insurance Study, State Farm received a higher-than-baseline number of complaints per the NAIC. Homeowners with customer service at top-of-mind may want to read policyholder reviews.

Who State Farm may be good for: Those who prioritize digital convenience and want to be able to manage their policies and claims with digital tools.

Best for discounts

Rating: 3.5 stars out of 5
3.5 Bankrate Score
JD Power: 815 AM Best: A+

Average annual premium

$ 358 for $250k dwelling
Allstate Review

Explore Bankrate's review

Why Allstate made our list: On average, Allstate has some of the cheapest homeowners insurance rates in Hawaii, based on the carriers on our list. In addition, the company has excellent financial strength. Allstate stands out for its savings opportunities for Hawaii homeowners, with discounts for new customers, automatic payments, new homebuyers and having an active home security system. The company also has some endorsements that may help round out your policy, including yard and garden coverage, electronic data recovery coverage and business property coverage. However, Allstate does have a higher-than-average complaint index score from the National Association of Insurance Commissioners (NAIC), indicating that more policyholders complain about Allstate than average for a company of its size. Additionally, it scored just under the segment average for overall customer satisfaction per J.D. Power.

Who Allstate may be good for: Allstate offers standard policy options for homeowners, with some endorsements, but it really shines when it comes to discounts.

Best for add-on coverage options

JD Power: Not rated AM Best: N/A

Average annual premium

$ 514 for $250k dwelling
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Why Ocean Harbor made our list: Ocean Harbor Insurance Group is a regional home insurance carrier. The company offers a wide variety of add-on coverage choices for Hawaii homeowners, including debris removal, water and sewer backup and ID recovery. There are also potential home insurance discounts for insuring a new home, having an active security system and using hurricane-proof building materials. However, Ocean Harbor has some downsides, like a lower AM Best financial strength rating than other companies we studied in the state. Based on average rate data, it also tends to be more expensive than other companies.

Who Ocean Harbor may be good for: Ocean Harbor may be a good fit for those who want an insurer that specializes in their home's region over others.

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.

How much is home insurance in Hawaii?

The average cost of homeowners insurance in the Aloha State is $382 per year for $250,000 in dwelling coverage, which is significantly less than the national average of $1,428 per year for the same amount of coverage. It's also much cheaper than nearby states along the Pacific Ocean, like California, which averages $1,225 per year for $250,000 in coverage and Oregon, which averages $704 per year for the same coverage amount.

Hawaii's low home insurance rates could be due to the state's relatively low risk of incurring property losses from natural disasters. Hurricanes are one of the most prominent natural disasters in the area, and those generally require separate policies or add-ons to cover. As a result, hurricane coverage is not factored into average rates.

$150K
$322
$250K
$444
$350K
$634
$450K
$829
$750K
$1,407
$150K
$241
$250K
$358
$350K
$474
$450K
$591
$750K
$955
Ocean Harbor
$150K
$380
$250K
$521
$350K
$692
$450K
$839
$750K
$1,289
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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.

The cities with the cheapest average rates for homeowners insurance in Hawaii are Honolulu, Tripler Army Medical Center, Aiea, camp H M Smith and Ewa Beach. Average rates for $250K in coverage are almost tied between all five cities. Below, you can see the average cost for home insurance in these five cities and how those prices compare to the state average.

  • Honolulu: $379 per year – 0.79% below the state average
  • Tripler Army Medical Center: $379 per year – 0.79% below the state average
  • Aiea: $380 per year – 0.52% below the state average
  • Camp H M Smith: $380 per year – 0.52% below the state average
  • Ewa Beach: $380 per year – 0.52% below the state average

The cities with the most expensive average rates for homeowners insurance in Hawaii are Anahola, Captain Cook, Eleele, Haiku and Hakalau. All five of these cities are tied for the most expensive average rates in Hawaii. Below, you can see the average cost for home insurance in these five cities and how those prices compare to the state average.

  • Anahola: $385 per year – 0.79% above the state average
  • Captain Cook: $385 per year – 0.79% above the state average
  • Eleele: $385 per year – 0.79% above the state average
  • Haiku: $385 per year – 0.79% above the state average
  • Hakalau: $385 per year – 0.79% above the state average

How to find the best cheap home insurance in Hawaii

Home insurance can provide financial security and peace of mind even if you're not on a mortgage. Without a homeowners policy, you'll have to pay for damages, repairs or replacements out of pocket. In Hawaii, buying such a policy will set you back far less than in most states. Follow the steps below to help you find the best cheap home insurance in Hawaii.

  1. Assess coverage needs: Before looking for a policy, you'll want to know the types and amounts of coverage that will meet your needs. This is often based on the cost of replacing a home.
  2. Shop around: To find the best rates, it often helps to pull quotes from multiple insurers so that you can see what each will offer you. When doing this, it's important to specify the same types and amounts of coverage on each quote.
  3. Select a company: Once you've received your quotes, it's time to review them and select your preference. This may be the cheapest one, or it might be one that offers unique perks or coverage options.
  4. Apply for a policy: Once you've selected the company, it's time to apply for a policy. You can usually apply online, over the phone, or in person. Of those three, online applications may be the most available.

Common home insurance discounts in Hawaii

Even with average rates as low as they are in Hawaii, finding lower rates won't hurt. Company discounts can be an excellent way to lower your rates further. Keep in mind that discounts vary by company and eligibility requirements vary between discounts. Below are some of the home insurance discounts that may be found in the area, as recommended by the state government's Consumer Guide to Home Insurance.

Home insurance coverage types 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
Joshua Cox-Steib
Insurance Contributor

Joshua Cox-Steib has two years of experience in writing for insurance domains such as Bankrate, Coverage.com, The Simple Dollar, Reviews.com, and more. His work has also been featured on such sites as MSN and BBB (Better Business Bureau). His insurance writing career has spanned across multiple product lines, with a primary focus on auto insurance, life insurance, and home insurance.

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