In a perfect world, we could just give you the name of the single best company that has the best insurance prices in Hawaii. Unfortunately, it’s just not that easy, as there are a ton of unknown elements like what liability limits you need, where you live, and your financial stability. If you keep reading, we will teach you about some of these criteria and will hopefully give you a good start to your coverage search.
Trying to buy reasonably-priced car insurance is easier said than done, and figuring out which company has the cheapest car insurance rates for drivers with a DUI requires even more diligence. Each insurance company has their own formula for determining prices, so let’s begin by examining the most affordable car insurance companies in Honolulu.
Find Cheaper Auto Insurance after a DUI
|Rank||Company||Cost Per Year|
|7||First of Hawaii||$1,947|
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USAA generally has some of the lowest car insurance rates in Honolulu at around $964 a year. This is $632 less than the average rate paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive are also some of the more affordable Honolulu, HI car insurance companies.
As shown above, if you buy coverage from Liberty Mutual and switched to State Farm, you could earn yearly savings of roughly $301. Policyholders with Progressive could save as much as $504 a year, and Allstate policyholders might lower prices by up to $786 a year.
Understand that those estimates are averages for all drivers and vehicles in Hawaii and do not take into consideration a vehicle location for drivers with a DUI. So the insurer that can offer the best rates for your situation may not even be in the list above. That emphasizes why you need to get quotes using your own personal information and vehicle type.
The vehicle model to be insured is a large consideration when shopping for the best car insurance for drivers with a DUI. Vehicles with high performance features, a lack of modern safety features, or a history of substantial liability claims will cost quite a bit more to insure than more modest models.
The next table showcases auto insurance prices for a handful of the most cost-effective vehicles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$1,152|
|Honda CR-V LX 2WD||$1,272|
|Toyota Tacoma 4WD||$1,288|
|Honda Accord EX 4-Dr Sedan||$1,339|
|Toyota RAV4 Sport 2WD||$1,364|
|Dodge Grand Caravan Crew||$1,390|
|Ford F-150 XLT Crew Cab 4WD||$1,400|
|Chevrolet Malibu LT||$1,390|
|Toyota Corolla S||$1,439|
|Ford Edge Sport AWD||$1,448|
|Kia Optima LX||$1,462|
|Chevrolet Equinox LTZ 2WD||$1,466|
|Ford Focus S 4-Dr Sedan||$1,478|
|Volkswagen Jetta LE 4-Dr Sedan||$1,506|
|Chevrolet Impala LT||$1,513|
|Toyota Camry LE||$1,506|
|Nissan Rogue SL AWD||$1,537|
|GMC Sierra Denali Crew Cab 4WD||$1,564|
|Ford Fusion SEL AWD 4-Dr Sedan||$1,574|
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Cost estimates assume single female driver age 50, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, and claim-free. Rate information does not factor in specific zip code location which can change insurance rates considerably.
Based upon the rates shown, vehicles like the Ford Escape, Honda CR-V, Toyota Tacoma, Honda Accord, and Toyota RAV4 are likely to be some of the less-costly vehicles to insure after getting a DUI. Rates will trend higher because of the fact that there is more claim exposure for drivers with a DUI, but in general those models will most likely have the least expensive rates available.
One of the many considerations that aid in calculating the annual cost of car insurance is your zip code in Honolulu. Cities with larger populations or higher claim trends tend to have higher auto insurance costs, whereas areas with lower crime rates and fewer weather claims profit from lower rates.
The following table rates the most expensive places in Hawaii for drivers with a DUI in which to purchase auto insurance. Honolulu is ranked at #21 with the yearly price of $1,005 for car insurance, which is approximately $84 each month.
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Rates are approximated as specific Honolulu zip code can increase or decrease premiums noticeably.
How much more does full coverage cost in Honolulu?
Buying cheaper car insurance is the goal of the majority of drivers, and an effective way to pay less for insurance for drivers with a DUI is to not buy comprehensive and collision coverage. The example below visualizes the comparison of insurance costs with full coverage compared to only the Hawaii minimum liability coverage. The rates are based on no driving violations, no at-fault accidents, $500 deductibles, marital status is single, and no discounts are applied to the premium.
If averaged for all ages, comprehensive and collision coverage on your policy costs an additional $1,671 per year more than just buying liability only. Many drivers will wonder if you should buy full coverage at all. There is no exact formula of when to exclude comp and collision coverage, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
The diagram below illustrates how your deductible choice can affect insurance prices when trying to find cheap insurance for drivers with a DUI. The costs are based on a married female driver, full coverage, and no other discounts are factored in.
The chart above illustrates that a 50-year-old driver could cut expenses by $180 a year by changing from a $100 deductible to a $500 deductible, or save $272 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old example, could drop their prices up to $450 or more by choosing larger deductibles on their policy. When increasing deductibles, it will be required to have plenty of savings on hand to be able to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Low rates can quickly become overpriced
Hawaii car insurance rates are impacted by many things which can substantially change the price of coverage. Simply having another birthday, having a teenage driver, or having an accident can trigger changes in premium that can cause some rates to be cheaper than before. And not only may your rating factors change, but auto insurance companies modify rates as often as every three months to ensure their profitability. An extended period of higher than normal claims can cause additional price hikes, while long-term profits may result in lower-priced Honolulu car insurance rates.
The graph below shows the cheapest car insurance in Honolulu, HI for a 40-year-old male driver with no violations or accidents, and a decent credit rating. If we estimate rates based on his current rating profile, USAA might offer the most affordable car insurance rates in Honolulu at $944 each year. This is $652 less than the average price paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive round out the rest of the best Honolulu, HI auto insurance companies.
Now we will give the driver from the first example a claim or two, poor credit, and a traffic ticket or two. Because each insurer has their own unique process to determining premium rates, analyzing rates will most likely result in a completely different list of affordable Honolulu car insurance companies as shown below.
State Farm now has the best insurance rate in Honolulu with USAA, GEICO, Liberty Mutual, and First of Hawaii now rounding out the top five. This example illustrates why it is critical to do a thorough rate comparison when trying to find the most affordable auto insurance rates for drivers with a DUI. Rates can be determined by many different factors and can change substantially, so the best company the last time you compared rates may now not even be in the top five.