Cheap Car Insurance Companies In Hawaii

The average semiannual cost of car insurance in the state of Hawaii is $732.50. An insured premiums are influenced by more variables than purely their place of residence. Car insurance underwriters calculate auto insurance rates after assessing a range of criteria such as the policyholder’s age, driving record, marital status, and credit rating. We examined typical car insurance costs in Hawaii across each of the predominant rating factors. We aim to provide consumers insight to identify a car insurance policy that meets their needs and budget.

*Data Methodology – Updated 2/28/2024

The Hawaii car insurance rates are based on a 35-year-old male with the most popular car (Honda Accord) living in HI. The Quote is for full coverage with comprehensive at $500 deductible and collision at $500 deductible.

Hawaii Minimum Liability Coverage

Hawaii’s minimum liability insurance coverage requirements are among the lowest in the nation. Here are the basic types of coverage you’ll need to legally drive in the Aloha State:

• Bodily Injury Liability: $20,000 per person and $40,000 per accident. This covers injuries to other drivers and passengers when you’re at fault for an accident.
• Property Damage Liability: $10,000. This covers damage to other vehicles and property when you cause an accident.
• Personal Injury Protection (PIP): $10,000. This no-fault coverage pays for medical expenses, lost wages and funeral costs for you and your passengers, regardless of fault.
• Uninsured/Underinsured Motorist: $20,000 per person and $40,000 per accident. This protects you if you’re in an accident caused by a driver with no insurance or not enough coverage.

Penalties for Driving Without Insurance in Hawaii

Driving without car insurance in Hawaii comes with serious consequences. If you’re caught driving uninsured, you’ll likely face hefty penalties and fines.

The minimum penalties for driving without insurance in Hawaii are:

• A $500 fine for the first offense. This fine increases with subsequent offenses.
• A six-month license suspension for the first offense. This suspension period increases with repeat offenses and can result in a license revocation.
• Mandatory SR-22 insurance. If your license is suspended for driving without insurance, you’ll be required to purchase high-risk SR-22 coverage to reinstate your license when the suspension period ends. This insurance is typically more expensive. You’ll need to maintain SR-22 insurance for at least three years.
• Possible vehicle impoundment. For repeat offenders, the police have the option to impound your vehicle for up to 30 days. You’ll need to pay towing and storage fees to get your vehicle back.
• Court fees and surcharges. On top of the base fines, you’ll likely be assessed various court fees and surcharges that can add several hundred dollars to the total penalties.

In addition to the standard penalties, driving without insurance in Hawaii is a misdemeanor criminal offense. This means you’ll face the possibility of jail time, especially for repeat offenses. While jail time is not mandatory for a first offense, judges have discretion to sentence offenders to up to 30 days in jail for subsequent offenses.

Auto Insurance Rates in Hawaii

When it comes to auto insurance in Hawaii, there are a few things that impact your rates. In general, auto insurance rates in Hawaii are higher than average due to several key factors.

First, Hawaii is an expensive place to live and costs of living are reflected in insurance premiums. Labor costs and cost of repairs are higher compared to the mainland. Secondly, Hawaii has a higher rate of uninsured motorists which drives up premiums for insured drivers. Around 10% of vehicles on Hawaii roads are uninsured.

The terrain and weather also play a role. Because Hawaii has steep terrain, winding roads, and higher rates of accidents related to wet road conditions, insurance companies see drivers as higher risk and charge more. Living near the coast also means higher exposure to corrosion which can increase repair costs.

Your driving history has the biggest impact on your rates. Tickets, crashes and violations will all cause your premiums to rise. Your credit score also matters – drivers with lower credit scores typically pay higher rates. The type of vehicle you drive is a factor as well. More expensive vehicles with costly repair parts tend to cost more to insure.

The good news is there are some ways to save. Shopping around and comparing multiple quotes is always a good first step. Bundling policies for your home and auto can provide discounts. Enrolling in defensive driving courses, installing anti-theft devices, and maintaining a clean driving record over time will all help lower your premiums in the long run. With some research and adjustments, Hawaii residents can find the best rates and coverage to fit their needs and budgets.

Low Cost Car Insurance Programs and Discounts in Hawaii

There are a number of ways to save on your car insurance premiums in Hawaii. Insurers offer various low cost insurance programs and discounts for different groups of drivers. Here are some of the most common options:

• Good Student Discount. Many insurance companies offer discounts of up to 25% for students who maintain good grades. To qualify, you’ll typically need at least a B average. Some insurers require proof in the form of report cards or transcripts.
• Multi-Car Discount. If you insure more than one vehicle with the same insurer, you can often save 10% or more off your premiums. Bundling home and auto policies can also provide multi-policy discounts.
• Anti-Theft Devices. Having anti-theft devices like an immobilizer, alarm system or tracking device installed in your vehicle can earn you a discount of 5% to 10%. Be sure to provide proof of installation to your insurer.
• Low-Mileage Discount. Drivers who log fewer annual miles – typically under 7,500 to 10,000 miles – may qualify for a low-mileage discount of up to 15%. You’ll need to estimate your mileage at the start of your policy period.
• Defensive Driving Course. Completing a defensive driving or accident prevention course can earn you a discount of around 5%. Many insurers will accept any course approved by the National Safety Council or state officials.

Hawaii Car Insurance Statistics

Aloha! There are some interesting statistics about car insurance in Hawaii that you should know about. First, car insurance rates in Hawaii are among the highest in the nation. The average annual premium in Hawaii is $1,636, which is 37% higher than the national average of $1,191.

There are a few reasons for these high rates. Hawaii has a limited road system with lots of traffic congestion, which leads to more accidents and claims. Hawaii also has high costs of living and labor, so repair costs after accidents tend to be higher. Additionally, Hawaii has a no-fault insurance system, meaning insurers have to pay for injuries to people in your vehicle regardless of fault in an accident.

Installing safety features in your vehicle like anti-lock brakes, airbags, and even newer cars in general can qualify you for discounts as well. Driving less overall is another way to possibly save, as some insurers offer lower rates for drivers with fewer annual miles.

The 10 Largest Hawaii Car Insurance Companies

There are many car insurance options available in Hawaii, but some companies stand out as having the largest market share in the state. Here are the 10 largest Hawaii car insurance companies based on premium volume:

1. State Farm – State Farm has long been a dominant force in Hawaii car insurance, with a market share of around 27%. They offer a wide range of coverage options and discounts.
2. Liberty Mutual – Liberty Mutual has the second largest market share in Hawaii at around 11%. They have a reputation for competitive rates and good customer service.
3. Allstate – Allstate has been doing business in Hawaii since 1950 and currently has around 9% of the market. They offer many discounts and coverage choices for Hawaii drivers.
4. GEICO – GEICO is known for its low rates and has around 8% of the Hawaii car insurance market. They offer standard coverage options as well as some more specialized plans.
5. AAA Hawaii – AAA Hawaii has been serving members for over 100 years and currently has around 7% of the Hawaii car insurance market. They offer members-only discounts.
6. Farmers Insurance – Farmers Insurance has a long history in Hawaii and currently has about 6% of the market. They offer standard policies as well as specialized plans.
7. The Hartford – The Hartford has been doing business in Hawaii since the early 1900s and currently has around 4% market share. They offer a broad range of coverage options.
8. Progressive – Progressive has been growing its Hawaii market share in recent years and now has over 3% of the market. They are known for offering simple and straightforward policies.
9. Dairyland Insurance – Dairyland is a regional insurer that focuses on Hawaii, with around 2% of the market. They offer standard coverage options.
10. First Insurance Company of Hawaii – As a Hawaii-based insurer, First Insurance has around 2% of the market in the state. They focus primarily on standard auto policies.