Best homeowners insurance in Hawaii for 2023

Bankrate utilizes Quadrant Information Services to analyze 2022 current rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:

• Coverage A, Dwelling: $150,000, $250,000, $350,000, $450,000, $750,000
• Coverage B, Other Structures: $15,000, $25,000, $35,000, $45,000, $75,000
• Coverage C, Personal Property: $75,000, $125,000, $175,000, $225,000, $375,000
• Coverage D, Loss of Use: $30,000, $50,000, $70,000, $90,000, $150,000
• Coverage E, Liability: $300,000, $300,000, $300,000, $300,000, $500,000
• Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Bankrate Scores are calculated on a five-point scale and primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for homeowners to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support.

To determine how well the best home insurance companies satisfy these priorities, third-party agency ratings from J.D. Power, AM Best, S&P, NAIC, and Moody's had the most impact on the companies' Bankrate Scores. As price is a common consideration for homeowners, we analyzed quoted premiums based on 40-year-old male and female homeowners with a home policy with $250,000 in dwelling coverage. This profile, assessed across nearly 35,000 ZIP codes in the U.S., provided a basis on which homeowners may compare each provider.

While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer's online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.

The cheapest homeowners insurance company in Hawaii can differ between homeowners. Rates can vary based on several factors like the type and age of home, the location and more. To find the cheapest company for you, it's often best to shop around and compare rates on similar coverages from multiple companies.

There is no single homeowners insurance company in Hawaii that is the best homeowners insurance company for everyone. Each carrier has its strengths and weaknesses, and every homeowner has different needs and wants. The Triple-I recommends getting quotes from a minimum of three companies so you can compare coverage and costs.

To get a home insurance policy, you'll need to start by gathering quotes. Many providers offer quotes online, but you can also call most companies and may be able to visit local agencies for some providers. You'll need your name, address and some information about your house, like the year it was built, how old the roof is and the square footage. You may also be asked for your Social Security number. Once you have chosen a quote that you'd like to purchase, you may need to sign an application. If your home insurance is paid from your mortgage escrow account, you probably won't need to make a payment, but if you pay your insurance directly, you might need to pay at least a month's worth of premium to start the policy.

Homeowners insurance is not legally required in Hawaii, but if you have a mortgage or any other home loan, you may be required to carry a policy. Hawaii residents are also required to carry a separate hurricane policy to account for the extent of potential damage. You will likely want to have enough coverage to cover the rebuilding cost of your home, according to the Triple-I. It also helps to consider your liability exposure. The optional coverage types you choose will depend on your unique situation. Working with a licensed insurance agent may help you decide which coverage and levels are most appropriate for you.

It might, but it depends on why the basement flooded. Home insurance generally covers water damage from broken pipes (although not the cost to repair the pipe itself), and you might be able to add a sewer backup endorsement to cover sump pump backup. True flood damage, though, which is usually defined as an overflow of a body of water or the accumulation of surface water, is typically not covered by standard home insurance policies. For flood coverage, you'll need a flood insurance policy.