Who Has Affordable Honolulu Car Insurance Rates for College Students?

For students in college, one of the more important factors that determine the price you pay for insurance is the neighborhood you call home in Honolulu. Areas with more people or more claims tend to have more expensive car insurance rates, whereas areas with less people or fewer weather incidents benefit from lower rates.

The illustration below lists the highest-priced areas in Hawaii for college students to purchase auto insurance in. Honolulu comes in at #16 with an annual cost of $1,016 for the average policy, which is around $85 monthly.

How much does auto insurance cost in Honolulu?
Rank City Annual Premium
1 Hilo $1,131
2 Kailua $1,084
3 Waipahu $1,057
4 Ewa Gentry $1,057
5 Ewa Beach $1,057
6 Waimalu $1,047
7 Halawa $1,047
8 Makakilo $1,046
9 Kaneohe $1,036
10 Kapolei $1,036
11 Kahului $1,026
12 Schofield Barracks $1,016
13 Wahiawa $1,016
14 Nanakuli $1,016
15 Mililani Town $1,016
16 Honolulu $1,016
17 Mililani Mauka $1,016
18 Pearl City $1,016
19 Royal Kunia $1,015
20 Waianae $1,005
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Table data uses approximated as the garaging address in Honolulu can decrease or increase premium rates significantly.

Deciding which companies offer the lowest-priced insurance rates for college students calls for more work than just getting one or two price quotes. Each company uses their own calculation for setting rates, so let’s take a look at the most competitive insurance companies in Honolulu, HI.

It’s important to know that Hawaii insurance rates are determined by lots of factors which can significantly increase or decrease the policy price. Getting older, having a claim, or getting into an accident may cause policy rate changes that can make some companies cheaper than competitors.

Cheap Insurance Rates for College Students

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Cheapest Hawaii auto insurance companies
Rank Company Cost Per Year
1 USAA $926
2 State Farm $1,109
3 GEICO $1,348
4 Liberty Mutual $1,449
5 Progressive $1,560
6 Allstate $1,926
7 First of Hawaii $1,987
8 AIG $2,445
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USAA normally has some of the most affordable car insurance rates in Honolulu at around $926 per year. State Farm, GEICO, Liberty Mutual, and Progressive also make the cut as some of the cheaper Honolulu, HI car insurance companies.

In this example, if you are insured with Liberty Mutual and switched to State Farm, you might see savings of roughly $340. Customers with Progressive could save as much as $451 a year, and Allstate insureds might see rate reductions of $817 a year.

Bear in mind that those prices are averaged across all drivers and vehicles in Hawaii and do not take into consideration a specific vehicle garaging location for college students. So the insurer that is best for you may not even be in the list above. That points out the importance of why you need to get rate quotes using your own driver information and specific vehicle type.

The car, truck, or SUV you are seeking coverage for is probably the largest consideration when looking for cheaper coverage for college students. Vehicles with lower acceleration and performance, an excellent safety record, or a positive history of liability claims will cost less to insure than higher performance models.

The list below estimates coverage rates for a selection of the more affordable automobiles to insure in Hawaii.

Cheapest Vehicles to Insure in Honolulu, HI
Vehicle Estimated Cost for Full Coverage
Honda Accord LX-P 4-Dr Sedan $1,742
Ford Escape Limited 2WD $1,768
Honda CR-V EX 4WD $1,775
Ford F-150 XL Regular Cab 2WD $1,814
Toyota Prius $1,903
Honda Odyssey LX $1,925
Toyota Tacoma 4WD $1,951
Ford Edge SEL 2WD $2,036
Dodge Grand Caravan Hero $2,062
Chevrolet Equinox LT AWD $2,068
Chevrolet Malibu LS $2,062
Toyota RAV4 Sport 4WD $2,068
Jeep Grand Cherokee Laredo 4WD $2,062
Volkswagen Jetta LE 4-Dr Sedan $2,068
Toyota Camry LE $2,062
Ford Explorer Eddie Bauer 4WD $2,087
Ford Focus SEL 4-Dr Sedan $2,147
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Cost estimates assume single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, and claim-free. Rates do not factor in specific garaging location which can increase or decrease premium rates considerably.

Based upon these rates, you can assume that models like the Honda Accord, Ford Escape, and Honda CR-V will be a few of the most affordable vehicles to insure for students in college. Car insurance rates will be more costly because there is more claim exposure for college students, but generally speaking those particular vehicles will probably have the lowest insurance prices compared to all other vehicles.

The information below demonstrates how deductible levels can affect insurance prices when searching for cheap insurance for college students. The rate quotes are based on a married female driver, full coverage, and no discounts are applied.

The data above shows that a 30-year-old driver could lower rates by $252 a year by switching from a $100 deductible to a $500 deductible, or save $380 by changing to a $1,000 deductible. Youthful drivers, like the Age 20 category, could lower their rates as much as $536 every year by using a higher deductible.

If you do make the decision to raise your deductibles, it will be important to have enough spare savings to enable you to cover the extra out-of-pocket expense that comes with higher deductibles.

Insurance rates are higher with tickets and accidents

A great way to enjoy affordable insurance rates in Honolulu for students in college is to drive cautiously and avoid accidents and keep your driving record clean. The diagram below shows how violations and accidents can influence insurance rates for each different age category. The data is based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.

In the chart above, the average cost of car insurance in Honolulu per year with no accidents and a clean driving record is $1,421. Add in two speeding tickets and the average cost swells to $1,956, an increase of $535 each year. Now throw in two accidents along with the two speeding tickets and the annual cost of insurance for college students goes up to an average of $4,065. That’s an increase of $2,644, or $220 per month, just for not being attentive to the road!

Insurance companies ranked

Finding the right company can be rather challenging considering how many companies provide coverage in Hawaii. The company ratings in the next section may help you pick which auto insurance companies to look at when insurance shopping for college students.

These rankings include companies who write in the majority of U.S. states, so companies that have a smaller presence are not factored into these rankings. To get price quotes from these and other companies in Hawaii, click here.

Top 10 Large Auto Insurance Providers in Honolulu Ranked by Customer Satisfaction

  1. USAA – 94%
  2. AAA Insurance – 91%
  3. State Farm – 90%
  4. Nationwide – 90%
  5. The Hartford – 89%
  6. GEICO – 89%
  7. Liberty Mutual – 88%
  8. Allstate – 88%
  9. Esurance – 87%
  10. Progressive – 87%

The agents listed below are willing to answer your questions and help you decide which auto insurance coverages would be the best in your situation, as some people prefer to have a professional recommendation when trying to find lower insurance rates for students in college. It can be complicated to find the best policy yourself, and getting advice from a licensed Hawaii insurance agent can bring comfort knowing your coverage gives you adequate protection in case of an accident or claim. To locate an agency in your neighborhood, click the button at the bottom.

More insurance agents in Honolulu, HI

How to find cheaper insurance for college students

It’s not impossible to find cheaper rates, and here are some of the better money-saving ideas that can help drivers get low-cost car insurance.

The last tip is extremely necessary, as was affirmed in the prior article. Prices charged by companies in Honolulu change a lot, so don’t be hesitant to switch carriers if a cheaper rate is available. Staying with the same company for years is fine, but it’s not a great idea if that faithfulness ends up costing you thousands of dollars over several years. In just a few minutes you could compare rates and find cheaper insurance for college students.