Wouldn’t life be so easy if we could tell you the one perfect auto insurance company that has the lowest rates for used cars? It’s not that easy, however, as there are a ton of unknown elements such as the miles you drive each year, whether you are married or single, and how old you are, that all help calculate your car insurance rates. We are going to cover the best ways to find cheap auto insurance and will hopefully give you a good start to your coverage search.
Deciding which company quotes the lowest-priced auto insurance rates for used cars takes a tad more effort in order to find a policy that fits your budget. Each company uses different criteria for filing rates in each state, so let’s rank the auto insurance companies that tend to have lower prices in Hawaii.
It’s important that readers know that Honolulu auto insurance rates are based on many factors that can increase the price you have to pay for coverage. Simply having another birthday, buying a different vehicle, or having a fender bender can trigger price changes that can now make some companies affordable when they were higher priced.
Find Cheaper Auto Insurance for Used Cars
USAA quotes some of the lowest car insurance rates in Honolulu at around $964 each year. This is $632 less than the average policy premium paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive also make the cut as some of the cheaper Honolulu, HI insurance companies.
As the example above demonstrates, if you are insured with State Farm and switched to USAA, you may see an annual premium reduction of upwards of $123. Drivers with GEICO may save as much as $371 a year, and Liberty Mutual insureds might see rate reductions of $485 a year.
To get a quick, customized rate comparison, click here or click through to the companies below.
Bear in mind that those policy prices are averaged across all types of drivers and the different vehicles they drive and do not take into consideration an exact zip code location for used cars. So the auto insurance company that is most affordable for your situation may not even be in the list above. That helps illustrate why you need to get car insurance quotes using your own driver data and vehicle information.
The vehicle to be insured is probably the most important factor when comparing economical coverage for used cars. Vehicles with higher performance characteristics, poor passenger safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than more economical and safe models.
The data below estimates auto insurance premiums for a number of the cheaper vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$860|
|Honda CR-V LX 2WD||$867|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$944|
|Ford F-150 XL Crew Cab 4WD||$982|
|Jeep Grand Cherokee Laredo 2WD||$1,015|
|Ford Explorer Eddie Bauer AWD||$1,034|
|Ford Escape XLS 4WD||$1,051|
|Honda Accord EX-L 4-Dr Sedan||$1,066|
|Toyota Camry SE||$1,068|
|Chevrolet Equinox LTZ AWD||$1,087|
|Nissan Altima Hybrid 4-Dr Sedan||$1,095|
|Dodge Ram Quad Cab ST 4WD||$1,106|
|GMC Sierra 3500HD SLE Crew Cab 2WD||$1,108|
|Hyundai Sonata SE 4-Dr Sedan||$1,140|
|Ford Edge SE AWD||$1,142|
|Dodge Grand Caravan Hero||$1,165|
|GMC Sierra SL Extended Cab 2WD||$1,173|
|Volkswagen Jetta S 4-Dr Sedan||$1,165|
|Toyota RAV4 Sport 4WD||$1,170|
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Price information does not factor in specific location which can decrease or increase rates considerably.
Looking at the data, you can infer that vehicles like the Hyundai Elantra, Honda CR-V, and Jeep Wrangler should be some of the cheaper vehicles to insure for pre-owned vehicles.
For pre-owned vehicles, one of the more important criteria that help determine auto insurance rates is where you call home in Honolulu. Areas with high crime rates or more dense population tend to pay slightly more, whereas areas with lower crime rates and fewer weather claims benefit from having to pay less for coverage.
The next table ranks the most expensive places in Hawaii for used cars in which to purchase auto insurance. Honolulu ranks #20 with an annual premium of $1,005 for the average policy, which is approximately $84 per month.
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Price information shown is approximated as specific location information can change coverage prices substantially.
Buying coverage from the highest-rated car insurance company is difficult considering how many different companies sell coverage in Hawaii. The company ratings shown next could help you decide which coverage providers you want to consider when shopping around. These rankings only include companies who write in the majority of U.S. states, so companies that focus mainly on Hawaii business are not included in these rankings.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Get discount Honolulu insurance rates
Auto insurance companies that provide policies for used cars may provide discounts that could potentially reduce rates by as much as 35% or more if you meet specific criteria. A list of companies and a summarized list of policyholder discounts are included below.
- Progressive offers premium reductions for multi-policy, online quote discount, multi-vehicle, continuous coverage, homeowner, and good student.
- SAFECO discounts include teen safety rewards, drive less, multi-car, safe driver, anti-theft, and teen safe driver.
- American Family offers discounts including early bird, defensive driver, bundled insurance, Steer into Savings, good student, and accident-free.
- MetLife has discounts for multi-policy, good student, accident-free, claim-free, and good driver.
- GEICO may have discounts that include anti-lock brakes, air bags, seat belt use, driver training, multi-policy, five-year accident-free, and military active duty.
- The Hartford includes discounts for good student, anti-theft, driver training, vehicle fuel type, bundle, and defensive driver.
The diagram below illustrates the difference between insurance premiums with and without discounts applied to the policy premium. The prices are based on a male driver, no claims or violations, Hawaii state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with claim-free, accident-free, safe-driver, passive restraint, homeowner, and defensive driving course discounts applied. When drivers qualify for the discounts, the average savings per year on auto insurance for used cars is 27% or $419.
The example below shows how choosing a deductible can impact insurance rates when researching cheap insurance for used cars. The data is based on a married male driver, comprehensive and collision coverage, and no discounts are factored in.
As shown above, a 40-year-old driver could pocket $184 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $280 by selecting a $1,000 deductible. Young drivers, like the 20-year-old example, could possibly save $616 or more by choosing a larger deductible amount.
When increasing deductibles, it is essential to have plenty of savings on hand to be able to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
The agents below are willing to help you decide which car insurance policy is best, as some people prefer to get some professional input when trying to find the best insurance rates for used cars. It can be difficult to find the cheapest car insurance policy, so insurance agents licensed in the state of Hawaii can provide comfort knowing your policy gives you adequate asset protection. To find an auto insurance agency using an interactive map, click the button at the bottom of the list.
- Doug Kam-Young – State Farm Insurance Agent
2841 Kaonawai Pl – Honolulu, HI 96822 – (808) 988-7011
- Allstate Insurance: Matthew Shido
3221 Waialae Ave Ste 386 – Honolulu, HI 96816 – (808) 737-3500
- Island Insurance Hawaii
1022 Bethel St – Honolulu, HI 96813 – (808) 643-4000
- Marilyn Jacobe – State Farm Insurance Agent
1125 N King St #303 – Honolulu, HI 96817 – (808) 254-7028
Tips to find cheaper car insurance for used cars
It’s not impossible to find cheaper rates, and here are many penny-pinching ideas that can help you buy cheap coverage.
- Buy a safer vehicle
- Save money by insuring older vehicles for liability only
- Good credit can help you save money
- Buying home and auto together can help save money
- Maintain a safe distance and avoid accidents
- Comparison shop at least once a year
The final tip is incredibly necessary, as we stressed in the article above. Prices charged by car insurance companies in Honolulu can change considerably based on profitability, so don’t be afraid to change insurance companies if a lower-cost policy is available. Staying with the same car insurance company is fine, but it’s not a great idea if your bullheadedness ends up costing you hundreds of dollars a year. Now is a great time to compare rates and find cheaper auto insurance for used cars.