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Are you looking to buy the best home insurance rates in Hawaii? Using our special methodology, we evaluated some of the top homeowners insurance in Hawaii.
Key Takeaways
- Hawaii homeowners insurance costs $649 annually.
- Insurers offer home insurance policies in the state starting at around $284 annually.
- Try buying earthquake insurance if you're living near an earthquake-prone area.
Hawaii homeowners insurance: What you need to know
On average, home insurance in Hawaii costs around $649 annually. It is very lower when compared to the national average rate.
Hawaii is one of the most magnificent places to live and, on average, one of the states with the least expensive homeowners insurance. For many homeowners, finding an affordable home insurance policy is a priority. The best way to get a reasonable price for coverage is by comparing the quotes of all major insurers in the state. To assist you in locating affordable coverage, we looked at the typical costs of homeowners insurance in Hawaii.
What does a homeowners insurance policy cover?
Dwelling, Personal Property, Liability, Other Structures, Medical Payments to Others, and Additional Living Expenses are the ideal coverages that a home insurance policy offer. These are additional coverages you get while buying home insurance in Hawaii.
- Earthquake insurance: The damages due to an earthquake don't get covered by a typical home insurance policy. Although earthquake insurance is frequently available as an endorsement, you could require a different policy if you live in a region with a high risk of earthquakes.
- Flood insurance: A standard homeowners insurance policy does not cover damage brought on by floods. Although it gets normally covered on a different policy, some home insurance companies provide it as an endorsement.
- Coverage for landscaping: Hawaii residents love to maintain their yards and gardens. They might want more landscaping or garden coverage from their insurer to provide additional protection for the property's exterior areas.
What isn't covered by a typical homeowners insurance policy?
Homeowners insurance in Hawaii does not cover earthquakes, flooding, nuclear threats, insect and vermin infestations, power outages, war, wear and tear, sinkholes, or purposeful loss. Therefore, you must carefully review your policy before buying home insurance in Hawaii to ensure the coverages you get.
The cheapest home insurance companies in Hawaii
The Hawaii home insurance rates differ based on the insurance company you choose. Allstate offers the cheapest homeowners insurance in Hawaii, with an average annual rate of $284. Universal Insurance offers the second-best rate with a yearly premium of $334.
To find the best home insurance in Hawaii, you need to compare the quotes from all insurers and buy one!
| Insurer | Average annual rate |
|---|---|
| Allstate | $284 |
| Universal Insurance | $334 |
| Liberty Mutual | $431 |
| First Insurance | $440 |
| State Farm | $486 |
The best homeowners insurance in Hawaii for pool owners
Due to the increased risk of accidents and liability claims that come with having a pool on your property, insurers frequently charge higher premiums if you have a pool. For homes with swimming pools, DB Insurance offers the cheapest homeowners insurance in Hawaii, with an average annual premium of $298. At the same time, State Farm offers the highest average annual premium of $593.
| Insurer | Average annual rate |
|---|---|
| DB Insurance | $298 |
| Island Insurance Companies | $420 |
| First Insurance Company of Hawaii | $449 |
| Allstate | $483 |
| State Farm | $593 |
The best homeowners insurance in Hawaii for dog owners
Some insurance companies charge high home insurance costs if you own a dog breed that they see as 'dangerous.' DB Insurance offers the cheapest homeowners insurance rates in Hawaii for a house with a dangerous dog breed, with an average yearly premium of $298. At the same time, State Farm has the most, with an average annual premium of $593.
| Insurer | Average annual rate |
|---|---|
| DB Insurance | $298 |
| Island Insurance Companies | $420 |
| First Insurance Company of Hawaii | $449 |
| Allstate | $483 |
| State Farm | $593 |
Homeowners insurance deductibles in Hawaii
How high or low you set the deductible also determines the cost of your home insurance in Hawaii. A homeowner's cost before their insurance company pays out on a claim is a deductible. A basic rule is that your premiums will surge the lower your deductible is.
As a result, always opt for a bigger deductible if you want lower insurance prices. Ensure that you shouldn't set the deductible so high that it would be difficult for you to afford it in the case of a loss. The typical insurance costs for some of the standard deductibles are as follows.
| Deductible Level | Average annual rate |
|---|---|
| $500 | $429 |
| $1,000 | $382 |
| $1,500 | $374 |
| $2,000 | $355 |
| $5,000 | $313 |
Hawaii home insurance prices by coverage levels
The level of coverage you select significantly impacts the cost of your Hawaii homeowners insurance. In Hawaii, having a $100K dwelling coverage averages $235 annually, while maintaining $400K in dwelling coverage averages $602 yearly.
| Dwelling coverage cost | Average annual rate |
|---|---|
| $100,000 | $235 |
| $200,000 | $315 |
| $250,000 | $382 |
| $400,000 | $602 |
Hawaii homeowners insurance costs by city
The area where you live impacts the cost of homeowners insurance in Hawaii. Factors like the ZIP Code and the crime rate in your area can increase or decrease the Hawaii home insurance rates. The cost of insurance in various cities is as follows.
| City | Average annual rate |
|---|---|
| Ahuimanu | $991 |
| Aiea | $991 |
| Ainaloa | $1,005 |
| Anahola | $1,005 |
| Camp H.M. Smith | $991 |
| Captain Cook | $1,005 |
| Eleele | $1,005 |
| Ewa Beach | $991 |
| Ewa Gentry | $991 |
| Ewa Villages | $991 |
| Fern Acres | $1,005 |
| Fort Shafter | $991 |
| Haiku | $1,005 |
| Haiku-Pauwela | $1,005 |
| Hakalau | $1,005 |
| Halaula | $1,005 |
| Halawa | $991 |
| Haleiwa | $991 |
| Haliimaile | $1,005 |
| Hana | $1,005 |
| Hanalei | $1,005 |
| Hanamaulu | $1,005 |
| Hanapepe | $1,005 |
| Hauula | $991 |
| Hawaii National Park | $1,005 |
| Hawaiian Acres | $1,005 |
| Hawaiian Beaches | $1,005 |
| Hawaiian Ocean View | $1,005 |
| Hawaiian Paradise Park | $1,005 |
| Hawi | $1,005 |
| Heeia | $991 |
| Hickam Communities | $991 |
| Hilo | $1,005 |
| Holualoa | $1,005 |
| Honalo | $1,005 |
| Honaunau | $1,005 |
| Honaunau-Napoopoo | $1,005 |
| Honokaa | $1,005 |
| Honolulu | $991 |
| Honomu | $1,005 |
| Hoolehua | $1,005 |
| Iroquois Point | $991 |
| Joint Base Pearl Harbor-Hickam | $991 |
| Kaaawa | $991 |
| Kaanapali | $1,005 |
| Kahaluu | $991 |
| Kahaluu-Keauhou | $1,005 |
| Kahuku | $991 |
| Kahului | $1,005 |
| Kailua | $998 |
| Kailua Kona | $1,005 |
| Kalaheo | $1,005 |
| Kalaoa | $1,005 |
| Kalaupapa | $1,005 |
| Kamuela | $1,005 |
| Kaneohe | $991 |
| Kaneohe Station | $991 |
| Kapaa | $1,005 |
| Kapaau | $1,005 |
| Kapalua | $1,005 |
| Kapolei | $991 |
| Kaumakani | $1,005 |
| Kaunakakai | $1,005 |
| Keaau | $1,005 |
| Kealakekua | $1,005 |
| Kealia | $1,005 |
| Keauhou | $1,005 |
| Kekaha | $1,005 |
| Keokea | $1,005 |
| Kihei | $1,005 |
| Kilauea | $1,005 |
| Ko Olina | $991 |
| Koloa | $1,005 |
| Kualapuu | $1,005 |
| Kula | $1,005 |
| Kunia | $991 |
| Kurtistown | $1,005 |
| Lahaina | $1,005 |
| Laie | $991 |
| Lanai City | $1,005 |
| Launiupoko | $1,005 |
| Laupahoehoe | $1,005 |
| Lawai | $1,005 |
| Lihue | $1,005 |
| Maalaea | $1,005 |
| Mahinahina | $1,005 |
| Maili | $991 |
| Makaha | $991 |
| Makakilo | $991 |
| Makawao | $1,005 |
| Makaweli | $1,005 |
| Maunaloa | $1,005 |
| Maunawili | $991 |
| Marine Corps Base Kaneohe Bay | $991 |
| Mililani | $991 |
| Mililani Mauka | $991 |
| Mililani Town | $991 |
| Mokuleia | $991 |
| Mountain View | $1,005 |
| Naalehu | $1,005 |
| Nanakuli | $991 |
| Nanawale Estates | $1,005 |
| Napili-Honokowai | $1,005 |
| Ninole | $1,005 |
| Ocean Pointe | $991 |
| Ocean View | $1,005 |
| Olinda | $1,005 |
| Omao | $1,005 |
| Ookala | $1,005 |
| Orchidlands Estates | $1,005 |
| Paauilo | $1,005 |
| Pahala | $1,005 |
| Pahoa | $1,005 |
| Paia | $1,005 |
| Papaaloa | $1,005 |
| Papaikou | $1,005 |
| Pearl City | $991 |
| Pepeekeo | $1,005 |
| Poipu | $1,005 |
| Princeville | $1,005 |
| Puako | $1,005 |
| Puhi | $1,005 |
| Pukalani | $1,005 |
| Punaluu | $991 |
| Pupukea | $991 |
| Puunene | $1,005 |
| Royal Kunia | $991 |
| Schofield Barracks | $991 |
| Tripler Army Medical Center | $991 |
| Volcano | $1,005 |
| Wahiawa | $991 |
| Waialua | $991 |
| Waianae | $991 |
| Waihee-Waiehu | $1,005 |
| Waikane | $991 |
| Waikapu | $1,005 |
| Waikele | $991 |
| Waikoloa | $1,005 |
| Waikoloa Village | $1,005 |
| Wailea | $1,005 |
| Wailua | $1,005 |
| Wailua Homesteads | $1,005 |
| Wailuku | $1,005 |
| Waimalu | $991 |
| Waimanalo | $991 |
| Waimanalo Beach | $991 |
| Waimea | $1,005 |
| Wainaku | $1,005 |
| Wainiha | $1,005 |
| Waipahu | $991 |
| Waipio | $991 |
| Waipio Acres | $991 |
| Wake Island | $991 |
| West Loch Estate | $991 |
| Wheeler AFB | $991 |
| Wheeler Army Airfield | $991 |
| Whitmore Village | $991 |
Home and auto insurance bundling in Hawaii
What's one way by which you can lower the rate of Hawaii homeowners insurance? Then you must bundle your auto insurance and home insurance policies.
| Average annual rate (without bundling) | Average annual rate (with bundling) | Yearly savings (in $) | Yearly savings (in percent) |
|---|---|---|---|
| $649 | $587 | $62 | 9.55% |
Home insurance discounts in Hawaii
Using the discounts offered by the insurer is another way by which you can reduce the Hawaii home insurance rates. These are some typical discounts the insurers offer in the state.
| Insurer | Bundling Discounts | Loyalty Discounts | Military Discounts | New Home Credit Discounts | Claim-Free Discounts | Protective Devices Discounts |
|---|---|---|---|---|---|---|
| Allstate | ✓ | ✓ | - | ✓ | ✓ | - |
| State Farm | ✓ | - | - | - | ✓ | ✓ |
| USAA | ✓ | ✓ | ✓ | - | ✓ | ✓ |
| Liberty Mutual | ✓ | - | - | - | - | - |
| Progressive | ✓ | - | - | ✓ | - | ✓ |
| Chubb | ✓ | - | - | ✓ | ✓ | ✓ |
Comparing common features across top companies
Looking for the best homeowners insurance in Hawaii? Then check whether your insurer offers the following features.
| Insurer | Identity Theft Protection | Valuable Possessions | Water Backup | Other Structures Coverage | Dwelling /Personal Property Replacement |
|---|---|---|---|---|---|
| Allstate | Optional | Optional | Optional | ✓ | Optional |
| State Farm | Optional | Optional | Optional | ✓ | Optional |
| USAA | ✓ | Optional | No | ✓ | ✓ |
| Liberty Mutual | Optional | Optional | Optional | ✓ | Optional |
| Progressive | No | Optional | Optional | ✓ | ✓ |
| Chubb | Optional | Optional | ✓ | ✓ | ✓ |
Common causes of home insurance claims in Hawaii
These are a few factors that lead to home insurance claims in the state.
- Wildfire: In 2020, Hawaii experienced 58 wildfires that destroyed around 472 acres of land.
- Flood: it's another disaster that affects the state often.
- Windstorms: Hawaii has only had two additional landfalls in its history, Iniki in 1992 and Dot in 1959, even though the state can receive wind and water effects from hurricanes in the Pacific basin, as it did with Hurricane Douglas in 2020.
- Earthquakes: In October 2006, Hawaii got hit by two earthquakes of magnitudes 6.7 and 6.0, which occurred minutes apart. Twenty-nine homes became uninhabitable, and the earthquakes damaged 1,173 homes.
Does homeowners insurance cover flooding in Hawaii?
Residents claimed around $821,843 in flood insurance, highlighting the importance of flood insurance. But homeowners insurance coverage does not cover flood damage. So you should buy flood insurance from a private company or the National Flood Insurance Program (NFIP) to protect your home. Private flood insurance policies may offer different levels of coverage; however, if you purchase via the NFIP, you will get the following coverages.
- Your home's structure - $250,000
- Personal property - $100,000
Does homeowners insurance cover earthquakes in Hawaii?
Approximately, earthquakes occur each year in Hawaii. So, the residents need to buy earthquake insurance. Most standard insurance policies do not typically include this kind of protection.
The rate of homeowners insurance in Hawaii will be higher for those who live in earthquake-prone areas. Aftershocks, along with earthquakes, are a significant concern. Even after the initial occurrence of the earthquake, aftershocks can still be harmful and impose damage. Earthquake insurance enables you to pay a single deductible for damage caused by the initial earthquake and any following aftershocks within 72 hours.
These are the best earthquake insurance rates available in Hawaii.
| Insurer | Average annual rate with earthquake coverage |
|---|---|
| Universal | $265 |
| Allstate | $352 |
| Ocean Harbor | $397 |
| American International | $436 |
| Liberty Mutual | $451 |
Factors that affect home insurance rates in Hawaii
Are you looking for reasonably priced Hawaii homeowners insurance? Then check for these factors before buying one.
- Your location: The cost of Hawaii home insurance gets influenced by factors like your ZIP Code or the local theft rate.
- Replacement cost: Depending on the cost of labor and building materials where you live, the rate of homeowners insurance in Hawaii will vary.
- Age/condition : Newer properties will always have lower insurance rates than older ones.
- Claims history: Insurance companies will consider you risky if you file claims regularly. Then you will need to pay higher insurance premiums.
- Credit history: Before giving you with a home insurance coverage, most insurers will check your credit score. Be prepared to pay more for your home insurance policy if your credit score is low.
- Dog breed: Many insurers consider certain dog breeds as 'dangerous.' If your insurer considers your dog so, the cost of Hawaii house insurance will increase.
Tips for buying homeowners insurance
Are you looking for the best homeowners insurance in Hawaii? Then follow these tips!
- Assess your rebuilding costs: Ask an insurance agent or a builder how much it would cost to rebuild your home using low-cost building materials and local labor.
- Review the advantage of replacement cost over actual cash value: Purchasing replacement cost insurance for your home and other belongings may be necessary.
- Consider add-on coverage for your expensive items: You will need personal property coverage if you have costly belongings like high-end electronics, sporting equipment, musical instruments, or old antiquities.
- Evaluate your liability coverage needs: Calculate the minimum liability insurance limit required.
- Assess coverage gaps: Some insurers offer higher coverage limits for landscaping elements like trees and bushes.
- Check financial ratings: All home insurers might have ratings from organizations like AM Best and Standard & Poor's. For instance, some organizations won't let you qualify for a mortgage if your insurer doesn't have a minimum 'A' financial strength rating.
- Check for discounts: Use all the discounts the insurer offers that you qualify for.
- Compare quotes from various insurance companies: Hawaii homeowners insurance premiums may change depending on the insurer. You must compare prices from various insurers to get the finest home insurance in Hawaii.
Most common disasters in Hawaii
Hawaii residents experience a greater range of disasters than many other states. The most frequent natural disasters that hit the state are severe storms, hurricanes, fires, and floods. Also, several earthquakes and volcanoes have affected the state badly.
Disasters by month
According to FEMA, May and August have been the busiest months in Hawaii for declared disasters.
| Month | Number of disasters |
|---|---|
| January | 3 |
| February | 4 |
| March | 6 |
| April | 6 |
| May | 8 |
| June | 2 |
| July | 2 |
| August | 10 |
| September | 7 |
| October | 4 |
| November | 5 |
| December | 1 |
Disasters by year
According to FEMA, an average of 1.5 declared disasters occur in Hawaii yearly. Since 2001, the state saw the most disasters in 2005 and 2018.
| Year | Number of disasters |
|---|---|
| 2001 | 0 |
| 2002 | 0 |
| 2003 | 1 |
| 2004 | 1 |
| 2005 | 5 |
| 2006 | 3 |
| 2007 | 4 |
| 2008 | 1 |
| 2009 | 2 |
| 2010 | 1 |
| 2011 | 1 |
| 2012 | 1 |
| 2013 | 0 |
| 2014 | 2 |
| 2015 | 0 |
| 2016 | 1 |
| 2017 | 0 |
| 2018 | 5 |
| 2019 | 1 |
| 2020 | 4 |
How to get Hawaii home insurance with Way.com
Homeowners insurance in Hawaii costs around $649 yearly, which is cheaper than the national average rate. So, it won't be a burden for a homeowner to buy an insurance policy in the state. But what if you can get it for an even lower rate? How can you get it? That's where Way.com can help you.
Use our app or website to get quotes from all insurers in the state. Then you must compare the quotes and buy the one with the cheapest rate. Do you need extra help? Then our home insurance agents in Hawaii can help you. They will help you understand the state's most complex home insurance terms, rules, coverages, and discounts. So, get in touch with one of our agents if you want to buy the best homeowners insurance in Hawaii.
Home Insurance Data Methodology
The home insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
FAQs
How much is homeowners insurance in Hawaii?
On average, the cost of Hawaii home insurance costs $649 yearly.
Why is home insurance so cheap in Hawaii?
Hawaii residents with mortgages must carry a separate hurricane policy, which may explain why the state's home insurance rates are lower.
What is the 80% rule in homeowners insurance?
It means that an insurer will only completely cover the cost of a home's damage if the owner has insurance coverage totaling at least 80% of the home's entire replacement cost.
Is hurricane insurance mandatory in Hawaii?
The state law doesn't mandate you to purchase hurricane insurance in Hawaii. However, you'll require it if a bank is lending you money to buy a house. As part of the loan approval process, lenders will demand it.
How much is flood insurance in Hawaii?
According to FEMA, flood insurance in Hawaii costs you around $679 yearly.
Do you need earthquake insurance in Hawaii?
No, it isn't mandatory in Hawaii. You must buy it if you are living in an earthquake-prone area.
Are Hawaiian homeowners able to get insurance against volcanic damage?
Yes. Volcanic eruptions are a covered peril under a standard homeowners insurance policy.
Are homeowners insured for lava in Hawaii?
Homeowners should contact their insurers immediately to examine their coverage because each insurer has a unique policy. Your insurance coverage might cover the damages to your home or building if the heat from a lava flow ignited a fire that destroyed your home.
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