The words “low-cost” and “auto insurance” probably shouldn’t be used together, especially when shopping around for the cheapest coverage for postal workers. Let’s go over some of the factors that influence car insurance premiums, and see if we can help you take a little off the next policy you buy.
Buying cost effective insurance is tough enough, and deciding which insurers offer the most affordable insurance rates for postal workers will involve a little more work.
Every insurance provider uses slightly different criteria for filing rates in each state, so we’ll take a look at the lowest cost insurance companies in Honolulu, HI. It’s important that readers know that Hawaii insurance rates are determined by lots of factors that control the price you have to pay for coverage. Turning one year older, increasing deductibles, or getting into an accident can trigger rate changes resulting in some rates now being higher when they were quite affordable.
Best Car Insurance Prices for USPS Employees
USAA quotes some of the best car insurance rates in Honolulu at around $926 per year. This is $670 less than the average price paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive also make the cut as some of the lowest-priced Honolulu, HI auto insurance companies.
As depicted above, if you currently have a policy with Liberty Mutual and switched to USAA, you could realize annual savings of approximately $523. Policyholders with Progressive could save as much as $634 a year, and Allstate customers might lower prices by $980 a year.
To find the cheapest rates for your vehicle, click here to start your custom quote or quote rates from the companies below.
Be aware that those premium estimates are averages across all types of insureds and vehicles and are not factoring in a specific vehicle garaging location for postal workers. So the car insurance company that is most affordable for your situation may not even be in the list above. That affirms the importance of why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.
The make and model of vehicle you are buying coverage for is one of the primary factors that determines if you can find the most economical car insurance for postal workers. Vehicles with limited top-end speed, modern passenger safety features, or a track record of few liability claims will cost significantly less to insure than fast, unsafe models.
The next table estimates car insurance costs for the cheapest vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$870|
|Honda CR-V EX 2WD||$954|
|Ford Escape XLS 4WD||$959|
|Jeep Wrangler Sahara 4WD 2-Dr||$973|
|Dodge Grand Caravan Hero||$1,028|
|Chevrolet Malibu LS||$1,038|
|Ford F-150 Lariat Super Cab 2WD||$1,047|
|Honda Accord EX-L 4-Dr Sedan||$1,065|
|Honda Civic Hybrid 4-Dr Sedan||$1,103|
|GMC Sierra SLT Extended Cab 2WD||$1,112|
|Honda Odyssey EX W/Rear Entertainment||$1,105|
|Chevrolet Equinox LS 2WD||$1,126|
|Ford Focus SE 4-Dr Sedan||$1,135|
|Chevrolet Impala LS||$1,142|
|Ford Explorer Eddie Bauer 4WD||$1,149|
|Jeep Grand Cherokee Laredo 2WD||$1,162|
|Toyota RAV4 Limited 2WD||$1,170|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$1,187|
|Toyota Corolla XLE||$1,189|
|Ford F-350 Super Cab Harley Turbo Diesel 2WD||$1,198|
|Volkswagen Jetta SEL 4-Dr Sedan||$1,213|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,215|
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Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Rates do not factor in specific zip code location which can change prices noticeably.
Based upon the table data, we can tell that cars like the Hyundai Elantra, Honda CR-V, Ford Escape, and Jeep Wrangler should be some of the more affordable vehicles to insure for postal employees.
For postal employees, one of the more important considerations that are used to help calculate insurance cost is the neighborhood you call home. Regions with larger populations or more claims tend to pay more, whereas less populated areas have the enjoyment of a little cheaper coverage.
The next table shows the priciest cities in Hawaii for postal workers to buy auto insurance in. Honolulu shows up at #20 with the yearly price of $1,005 on average, which is approximately $84 per month.
|Rank||City||Premium Per Year|
|Quote Best Rates Go|
Rate information is estimated as specific location information can modify coverage prices considerably.
Ending up with the right auto insurance provider can be challenging considering how many companies are available to choose from in Honolulu. The information shown below can help you select which car insurance providers to look at when buying insurance for postal workers. The rankings below are for the largest auto insurers in America, so companies with more of a regional focus will not be included in this list.
Top 10 Major Auto Insurance Providers in Honolulu Ranked by Customer Satisfaction
- USAA – 94%
- AAA Insurance – 91%
- State Farm – 90%
- Nationwide – 90%
- The Hartford – 89%
- GEICO – 89%
- Liberty Mutual – 88%
- Allstate – 88%
- Esurance – 87%
- Progressive – 87%
Top 10 Major Auto Insurance Providers in Honolulu Ranked by A.M. Best Rating
- USAA – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Progressive – A+
- The Hartford – A+
- AAA Insurance – A
- Liberty Mutual – A
Cautious Honolulu drivers save money
The recommended way to enjoy affordable insurance prices in Honolulu for postal employees is to be an attentive driver and avoid getting tickets or having accidents. The diagram below illustrates how traffic citations and fender-benders drive up yearly insurance costs for each different age category. The price estimates are based on a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no policy discounts are applied.
The data charted above shows the average cost of an auto insurance policy in Hawaii per year with a clean driving record and no accidents is $1,138. Add in one speeding ticket and the average cost rises to $1,329, an increase of $191 each year. Now include one accident along with the one speeding ticket and the annual cost of insurance for postal workers jumps again to an average of $1,864. That’s an increase of $726, or $61 per month, just for not driving carefully!
Cost difference between full coverage and liability
Reducing premiums for insurance is important to most vehicle owners, and one common way to find cheaper insurance for postal workers is to not insure for full coverage. The chart below compares auto insurance costs with full physical damage coverage compared to only buying liability only. The rate quotes are based on no claims, a clean driving record, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.
If all age groups are averaged, physical damage insurance costs an extra $1,508 per year more than just buying liability insurance. That amount may make you wonder if physical damage coverage is worth the money. There is no definitive guideline for eliminating full coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.
For example, let’s assume your vehicle’s claim settlement value is $10,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $9,000 after the deductible is paid. If it’s costing you more than $900 annually for full coverage, then you might consider buying liability only.
There are some scenarios where removing full coverage is not a good idea. If you haven’t paid off your loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.
How to find budget-friendly car insurance for postal workers
It is possible to find better rates, and here are a few penny-pinching suggestions that can help Hawaii drivers quote low-cost coverage.
- Do not get traffic tickets
- Remove physical damage coverage on older vehicles
- Vehicles with good safety ratings are usually cheaper to insure
- Better credit rating means better rates
- Higher deductibles save money
- Drive attentively and avoid accidents
- Compare rate quotes frequently
The last item on the list is especially critical, as we hit on in this piece. Prices charged by car insurance companies in Honolulu can change considerably based on profitability, so don’t be afraid to switch carriers if a more affordable price is available.
Brand loyalty is not necessarily bad, but it isn’t a good idea if that loyalty results in overpaying hundreds of dollars a year. In just a couple of minutes you could compare rates to find cheaper car insurance for postal workers.
If you aren’t sure which coverage you need and prefer to have a little guidance when buying car insurance for postal employees, the insurance agencies below are willing to help you decide which auto insurance policy would work best for you.
To locate a Honolulu insurance agent near you, click the link after the list.
Gary Nakamura – State Farm Insurance Agent
1016 Kapahulu Ave #250 – Honolulu, HI 96816 – (808) 734-3265
Cornerstones Financial and Insurance Agency
250 Ward Ave #220 – Honolulu, HI 96814 – (808) 626-5068
Royal State National Insurance Company
819 S Beretania St – Honolulu, HI 96813 – (808) 539-1600
State Farm: Darin Ono
1649 Liliha St – Honolulu, HI 96817 – (808) 834-2222
Ryan Miyashita – State Farm Insurance Agent
1580 Makaloa St #102 – Honolulu, HI 96814 – (808) 945-0802