Cheap Car Insurance for Homeowners in Hawaii

Cheap Car Insurance for Homeowners in Hawaii

For Hawaii drivers, one of the components that is used to calculate auto insurance rates is the neighborhood you call home in Hawaii. Cities with larger populations or higher claim trends like Hilo, Ewa Beach, and Makakilo are more likely to pay higher prices, whereas areas with less crime or weather claims benefit from lower coverage costs.

The information below shows the most expensive areas in Hawaii for homeowners to purchase car insurance in.

How much does car insurance cost in Hawaii?
Rank City Annual Premium
1 Hilo $1,098
2 Kailua $1,084
3 Ewa Beach $1,057
4 Royal Kunia $1,057
5 Makakilo $1,057
6 Wahiawa $1,047
7 Mililani Mauka $1,047
8 Waipahu $1,046
9 Waimalu $1,036
10 Schofield Barracks $1,036
11 Wailuku $1,026
12 Kihei $1,016
13 Kapolei $1,016
14 Nanakuli $1,016
15 Waianae $1,016
16 Honolulu $1,016
17 Pearl City $1,016
18 Ewa Gentry $1,015
19 Kaneohe $1,005
20 Mililani Town $1,005
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Rate information is estimated as the specific geographic location can affect insurance rates considerably.

Finding out which companies quote the most affordable auto insurance rates for homeowners will require a little more work than just comparing rates from one or two companies.

Each auto insurer has a proprietary method for determining rates, so we’ll go over the most affordable auto insurance companies in Hawaii.

Best Car Insurance Prices for Homeowners

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Cheapest insurance companies in Hawaii
Rank Company Cost Per Year
1 USAA $936
2 State Farm $1,076
3 GEICO $1,389
4 Liberty Mutual $1,464
5 Progressive $1,608
6 First of Hawaii $1,928
7 Allstate $1,984
8 AIG $2,469
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USAA normally has some of the lowest car insurance rates in Hawaii at around $936 per year. State Farm, GEICO, Liberty Mutual, and Progressive also rank well as some of the more affordable Hawaii auto insurance companies.

In the rate table above, if you are insured with State Farm and switched to USAA, you might realize an annual savings of around $140. Policyholders with GEICO might save as much as $453 a year, and Liberty Mutual insureds might reduce prices by as much as $528 a year.

Bear in mind that those policy prices are averages across all types of drivers and the different vehicles they drive and and are not calculated with a rate discount for homeowners. So the insurer that can offer you the best rate may not even be featured in the above rate chart. That illustrates why you need to get quotes using your own specific driver and vehicle information.

Cheapest car insurance: Progressive, State Farm, Geico, or Allstate

When comparing car insurance, four companies to take a look at are Progressive, State Farm, Geico, and Allstate. Combined they make up 48.5% of the entire U.S. car insurance market. The following table shows some of the different options .

Largest Car Insurance Companies Compared
Progressive State Farm Geico Allstate
Client Satisfaction 3rd 4th 1st 2nd
Price Ranking 3rd 2nd 1st 4th
Claims Handling 4th 2nd 3rd 1st
Number of Discounts 4th 3rd 2nd 1st
U.S. market share 8.8% 18.3% 11.4% 10%
Rating from A.M. Best A+ A++ A++ A+
New car replacement No No No Yes
Usage-based rating Yes Yes No Yes
Mechnical breakdown Yes No Yes No
Rideshare coverage Yes Yes Yes Yes
Accident forgiveness Yes No Yes Yes
Roadside service Yes Yes Yes Yes
Types of agents used Buy online or from an independent agent Only from State Farm agents Both online and from Geico agents Allstate exclusive agents
Number of agents 30,000+ 18,000+ 150+ 11,000+
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Who has the cheapest insurance quotes for people who own their homes?

There are many different ways to comparison shop for auto insurance in Hawaii, but the most common ways are through an independent agent, an exclusive insurance agent like Auto-Owners or State Farm, or direct either online or via phone.

Each way has the same basic process, but each is different in how they provide rate quotes.

Independent insurance agents work with multiple companies and can quote your policy with all of them. These types of agents are usually affiliated with several companies and can quote rates with many companies, which may provide you with improved odds of finding cheaper coverage. If the agent locates a cheaper price, they simply move the coverage in-house which prevents you from having to find a new agency.

An exlusive, or captive, agency is restricted to a single insurance company, two examples are State Farm and Allstate agents. These agents are unable to provide multiple price quotes, so if rates are not competitive, they cannot shop around.

Drivers who opt to buy auto insurance direct bypass an independent or exclusive agent and instead buy direct online or over the phone from a company like Progressive or Esurance. This option may be preferred by families who do not need high levels of coverage and have an above average understanding of the exclusions of a policy.

So which method is best to buy cheap auto insurance for homeowners in Hawaii? The obvious answer would be buying from a direct company results in the cheapest price since that prevents the need to pay agent commissions, but unfortunately, it’s not that simple. It could also be said an independent agency guarantees the best prices since they have access to many companies, but that assumption is also not accurate. For some people, exclusive agencies have very competitive rates that cannot be met by either independent or direct companies.

Since auto insurance companies use so many rating factors, the best method to not overpay for auto insurance is to compare, compare, and compare some more. The best approach is to get quotes from all three types to give yourself the best selection. For a list of companies with some of the cheapest Hawaii auto insurance rates, click here to view.