Who Has the Cheapest Insurance for Used Cars in Hawaii?

The words “cheap” and “insurance” probably shouldn’t be used together, specifically when shopping around for the cheapest coverage for used cars. In an attempt to save some money, let’s take a look at some things that influence auto insurance premiums, and see how we can help you shave a little off the next policy you buy.

Finding reasonably-priced insurance is not always easy, and finding out which company offers the best auto insurance rates for used cars involves additional perseverance.

Every auto insurer has a unique approach to determine rates, so let’s begin by taking a look at the most affordable auto insurance companies in Hawaii. It’s important that readers know that Hawaii auto insurance rates are influenced by many factors which can substantially decrease or increase the policy price. Turning one year older, moving to a different location, or getting a few speeding tickets can trigger price changes that can cause some rates to be higher-priced than the competition.

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USAA quotes some of the most affordable car insurance rates in Hawaii at around $926 per year. State Farm, GEICO, Liberty Mutual, and Progressive also rank well as some of the cheaper Hawaii car insurance companies.

In this example, if you currently have a policy with GEICO and switched to USAA, you might realize yearly savings of around $422. Customers with Liberty Mutual might save as much as $480 a year, and Progressive policyholders might reduce rates by $682 a year.

To find out how your current rates compare, click here to get quotes or visit several of the following companies.

Remember that these estimates are averages for all types of drivers and the different vehicles they drive and do not take into consideration a rate decrease for used cars. So the insurer that is most affordable for your situation may not even be included in the list above. That illustrates why you need to quote rates from many companies using your own individual information.

One of the key criteria that determine the cost of insurance is the neighborhood you call home. Areas with more people or even just a higher incidence of claims like Hilo, Ewa Gentry, and Nanakuli will most likely have higher rates, whereas areas with less traffic congestion and claims have the luxury of lower rates.

The next table ranks the priciest cities in Hawaii for used cars to buy an auto insurance policy in.

Prices are estimated as specific location information can decrease or increase coverage prices substantially.

Picking the top car insurance provider can be rather challenging considering how many companies there are to choose from in Hawaii. The ranking information shown below could help you select which insurers to look at purchasing from.

These ratings are for the largest companies in the United States, so smaller companies will not be included in the list. If you’d like to compare prices from these and other top-rated companies, follow this link.

Top 10 Major Auto Insurance Providers in Hawaii Ranked by Claims Service

1. State Farm
2. Esurance
3. AAA Insurance
4. Liberty Mutual
5. Progressive
6. GEICO
7. Allstate
8. The Hartford
9. Farmers Insurance
10. Safeco

Top 10 Major Auto Insurance Providers Overall in Hawaii

1. USAA
2. American Family
3. State Farm
4. The Hartford
5. AAA Insurance
6. GEICO
7. Progressive
8. Allstate
9. Nationwide
10. Liberty Mutual

Responsible drivers pay cheaper auto insurance rates

The ideal way to score affordable auto insurance premiums in Hawaii for pre-owned vehicles is to pay attention while driving and have a clean driving record. The information below demonstrates how citations and at-fault fender-benders influence insurance rates for different categories of driver ages. The information is based on a married male driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.

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In the prior example, the average cost of auto insurance in Hawaii per year with no violations or accidents is $1,263. Add in one speeding ticket and the average cost surges to $1,454, an increase of $191 each year. Next add two accidents along with the one speeding ticket and the 12-month cost of auto insurance for used cars increases to an average of $3,261. That’s an increase of $1,998, or $167 per month, just for a couple of infractions!

How to find the cheapest insurance for used cars in Hawaii

Below you’ll find some penny-pinching suggestions that can help you buy cheap coverage.

• Do not pay for full coverage if not needed
• Earn a discount by not filing claims
• Just one traffic violation will increase your rates
• Buy a vehicle with excellent safety ratings
• Bundle home or renters insurance to earn a discount on car insurance
• Drive attentively and avoid accidents
• Compare rates once a year for cheaper prices

That last tip is remarkably vital, as was noted in the prior article. Car insurance prices in Hawaii adjust frequently, so drivers shouldn’t hesitate to switch to a new company if a more affordable price is available. Many drivers have brand loyalty and that’s fine, but it’s not recommended if your bullheadedness ends up costing you thousands of dollars over the life of your policy. It takes less than five minutes to compare prices to find cheaper auto insurance for used cars.

Cheapest insurance quotes for pre-owned vehicles

There are quite a few ways to quote cheap auto insurance rates in Hawaii, but the most prevalent methods are through an exlusive agent such as Liberty Mutual or State Farm, a non-exclusive or independent agent, or buying direct from a company like Geico or Progressive. You can use whichever you prefer, but they differ slightly in how they work.

Independent insurance agencies have contracts with multiple insurance companies and can compare coverage rates with each one. They have the option to give you more rates, which may provide you with the best chance of finding a lower price. If they find a lower price, you can get a different policy which makes it easier to save money.

An exclusive ageny is only able to give prices for a single company, two examples are Allstate or Farmers Insurance agents. They usually cannot provide other companys’ prices, which will not provide a complete price comparison.

Direct auto insurance buyers do not use local agents and instead buy from a direct company like Esurance or Geico. Buying direct is good for drivers who have an average risk profile and know what limits they need.

What is the best way for finding the cheapest insurance for used cars in Hawaii? It would be obvious to point out shopping direct saves the most money because there is no agent taking a commission, but unfortunately, that is not the case. We could also say that going through an independent agent is the best way to save since they can quote with many companies, but that assumption is not true either. And sometimes, exclusive agents have very competitive rates that are well below what direct and independents offer.

Since auto insurance prices vary so much, the best method to find out which one is cheapest is to get quotes and compare the rates. To find the best rates, be sure to get price quotes all three ways to get a good idea who is cheapest. For a list of auto insurance companies with low rates, click here to view.