The Best and Cheapest Home Insurance Companies in Hawaii

Table of Content

• Do car safety features qualify me for discount auto insurance?
• Where can I find the best homeowners insurance in Hawaii?
• The Best and Cheapest Home Insurance Companies in Hawaii
• Shopping for homeowners insurance in Hawaii
• Average Costs and Cheapest Homeowners Insurance Companies in Hawaii
• Cheapest homeowners insurance in Hawaii

Never overpay for car insurance Jerry automatically shops for your insurance before every renewal. Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. If you want cheap car and home insurance quotes fast for the mainland, go to Jerry. A licensed broker that offers end-to-end support, the Jerry app gathers affordable quotes, helps you switch plans, and will even help you cancel your old policy.

It’s a smart move to shop around to look for cheap homeowners insurance and compare policies and coverages from different insurance providers carefully. Here we have compared the cheapest home insurance companies in Hawaii based on J.D. Power score and AM Best ratings that help you to choose the best among the options available. Average home insurance rates can differ by hundreds, even thousands of dollars depending on where you live.

Do car safety features qualify me for discount auto insurance?

But if you are searching for the best homeowners insurance in Hawaii, it’s important to consider factors besides price. The cost of homeowners insurance in Hawaii varies significantly based on individual factors, including your location, credit score, dwelling coverage and more. Policygenius analyzed thousands of quotes from the 5 largest Hawaii insurers to find the average cost of homeowners insurance with each company in 2022. Power customer satisfaction scores and compared that with the coverage needs of Hawaii residents to find the best homeowners insurance in Hawaii.

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 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.

Where can I find the best homeowners insurance in Hawaii?

That’s one reason why it pays to get quotes from multiple insurance companies. Though you may save on home insurance premiums, the average price of a home in Hawaii runs over $700,000, a 150% increase from the national average of around $280,000. But the costs are well worth it as the islands have limited space, driving up the costs but also making each home much more valuable than a traditional house on the mainland. If you need to make changes, work with your homeowners insurance company or an insurance agent. Hawaii sees a lot of hurricanes and other major storms, which can lead to flooding. So, you may want to get flood insuranceto help protect your home and personal belongings.

While floods are more common during Hawaii’s wet season, this propensity for heavy downpours means that getting flood insurance is essential. While you can’t get protection from floodwaters in a traditional home insurance policy, you can get it through the federally run National Flood Insurance Program. Hawaii has minimum auto insurance amounts that are required by law. Trampolines, tree houses, and other “attractive nuisances” are a liability risk and having one on your property can result in higher premiums. If your kid moved off to college and you don't have any use for these structures anymore, consider removing them and you may just see lower rates.

The Best and Cheapest Home Insurance Companies in Hawaii

But your own rates will depend on your home's location, age, construction style, and several other factors. Severe storms in Pearl City have been known to cause significant damage to area homes. In September 1992, Hurricane Iniki struck the island of Kaua’i before making its way to O’ahu, where Pearl City and other locations were hammered by the storm. In the end, this hurricane caused several million dollars in property damage on the island. Bear in mind that while homeowners insurance covers against hurricanes, it does not cover the flood damage that often accompanies these storms.

A major tourist and film destination, Hawaii is home to pristine beaches, plenty of surf and views that can’t be beat. But if you plan to settle down there, you should know that the islands do things a bit differently.

Easiest way to compare and buy car insurance

Hawaii’s low home insurance rates could be due to the state’s relatively low risk of incurring property losses from natural disasters. Additionally, because Hawaii homeowners with a mortgage are required to carry a separate hurricane insurance policy, the required expense may play a part in the low-cost standard home insurance policy. MoneyGeek’s Hawaii homeowners insurance calculator estimates monthly insurance rates based on factors like home value and coverage type. The average annual cost of homeowners insurance here is $432 for a $250K policy.

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. Once you have chosen a quote that you’d like to purchase, you may need to sign an application. Insurance providers also analyze your credit score before determining your homeowners insurance expenses.

However, most mortgage lenders will as they want to ensure their financial investment has protection from the damaging effects of hurricanes and severe tropical storms. Even though hurricanes aren’t super common in this portion of the Pacific Ocean, even one storm can cause severe damage to your home and belongings, so getting extra protection is always a good idea. This way, you can sleep soundly knowing that you’ll be financially protected from whatever comes your way. Refrigerated property coverage to help provide an additional $500 of coverage for refrigerated products stored. This helps cover losses caused by mechanical failure or an interruption of electrical services to the refrigeration unit. We offer optional insurance coverages and packages to help you create a customized Hawaii homeowners insurance and increase your protection.

The State Farm mobile app even allows customers to view ID cards from your phone as well as upload photos directly to a claim to expedite the process. 3 The Hartford will pay the full cost to rebuild your home, even if it costs up to 125% of your home insurance policy’s coverage. Protect your property from damage resulting from hurricanes and other losses with homeowners coverage from The Hartford. You can work with an insurance agent to help get the right coverage for your home. The average monthly home insurance rate is around $158, according to our analysis of 2022 rate data. But how much you pay will vary based on where you live, the age and size of your home, your coverage limits, and other factors.

Shopping for homeowners insurance in Hawaii

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. Insurance Digital Experience Study for overall customer satisfaction. It is important to note that while it scored above average in the J.D. Home Insurance Study, State Farm received a higher-than-baseline number of complaints per the NAIC.