Trying to buy cheap auto insurance is not most people’s favorite thing to do, and deciding which company quotes the cheapest insurance rates for high school students will take a little more work.
Every insurance provider uses slightly different criteria for determining prices, so we’ll take a look at the insurance companies with the most affordable rates in Honolulu, HI. It’s a good idea to be aware that Honolulu insurance rates are impacted by many factors that will increase or decrease the cost of having a policy. Simply having a birthday, becoming a homeowner, or getting a driving violation can trigger changes in premium that can cause some rates to be cheaper than others.
Best Auto Insurance Prices for Students
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USAA may have some of the most affordable car insurance rates in Honolulu at around $936 each year. State Farm, GEICO, Liberty Mutual, and Progressive are also some of the more affordable Honolulu, HI car insurance companies.
As depicted above, if you are insured with Liberty Mutual and switched to State Farm, you may see a yearly savings of roughly $373. Insureds with Progressive may save as much as $532 a year, and Allstate policyholders might realize rate reductions of up to $908 a year.
To see how much you can save, click here to get a free quote or quote prices from the following companies.
Bear in mind that those prices are averaged for all insureds and vehicles and do not factor in an exact location for high school students. So the insurer that has the cheapest price for you may not even be in the list above. That illustrates why you need to get car insurance quotes using your own specific driver information and vehicle.
The vehicle model driven is one of the largest factors that determines the availability of the cheapest insurance for high school students. Vehicles with high performance, a lack of safety features, or a history of substantial liability claims will cost significantly more to insure than more economical and safe models. The data below shows auto insurance prices for a handful of the most affordable automobiles to buy insurance for.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $2,978 |
| Honda Accord EX 4-Dr Sedan | $2,984 |
| Honda CR-V EX-L 2WD | $3,009 |
| Toyota Prius | $3,225 |
| Dodge Grand Caravan SE | $3,347 |
| Ford F-150 XL Regular Cab 4WD | $3,354 |
| Volkswagen Jetta SE 2.5 Station Wagon | $3,413 |
| Chevrolet Impala LS | $3,504 |
| Honda Odyssey EX | $3,511 |
| Ford Edge SE AWD | $3,504 |
| Toyota RAV4 Limited 4WD | $3,535 |
| Ford Fusion S 4-Dr Sedan | $3,542 |
| GMC Sierra SLE Regular Cab 2WD | $3,535 |
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Data rating is based on single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in vehicle location which can modify price quotes noticeably.
Looking at the data, we can expect makes and models like the Ford Escape, Honda Accord, Honda CR-V, and Toyota Prius are going to be some of the cheapest vehicles to insure for teenagers. The price for car insurance will tend to be more expensive anyway just due to the fact that there is more claim risk for high school students, but overall those specific models will probably have the lowest insurance rates that you’ll find.
Insuring your vehicle with a high-quality insurance company can be difficult considering how many choices you have in Honolulu. The company rank data shown next could help you choose which providers you want to consider shopping your coverage with. These ratings are for companies with a nationwide focus, so companies that may only write in Hawaii are not included in the list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
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Data Source: Insure.com Best Car Insurance Companies
Types of discounts on Honolulu car insurance rates
Auto insurance companies that offer coverage for high school students may provide special discounts that could potentially reduce rates by 35% or more if you can meet the requirements. A few of the larger companies and some of their more popular discounts are shown below.
- State Farm offers discounts including accident-free, good student, defensive driving training, safe vehicle, student away at school, and multiple autos.
- GEICO has discounts for driver training, multi-policy, multi-vehicle, anti-lock brakes, daytime running lights, and defensive driver.
- Progressive may offer discounts for good student, multi-vehicle, continuous coverage, multi-policy, online quote discount, and homeowner.
- 21st Century may have discounts that include homeowners, teen driver, 55 and older, good student, student driver, early bird, and theft prevention.
- American Family discounts include mySafetyValet, bundled insurance, good driver, defensive driver, TimeAway discount, air bags, and Steer into Savings.
- The Hartford offers discounts for defensive driver, good student, vehicle fuel type, bundle, driver training, and anti-theft.
- AAA offers premium reductions for anti-theft, pay-in-full, multi-car, AAA membership discount, and multi-policy.
The example below illustrates the difference between car insurance costs with and without discounts applied to the premium. The costs are based on a female driver, no claims or violations, Hawaii state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with passive restraint, paid-in-full, paperless filing, vehicle safety, anti-theft, and continuous coverage discounts applied. When discounts are factored in, theaverage amount saved on insurance for high school students is 28% or $452.
How to find low-cost auto insurance for high school students
The list below summarizes some of the recommended penny-pinching ideas that can help drivers locate low-cost coverage.
- Do not get traffic violations
- Avoid having at-fault accidents
- Raise comprehensive and collision coverage deductibles
- Better credit rating means better rates
- Do not pay for full coverage on older vehicles
- Buy a vehicle with excellent safety ratings
- Keep rates low by comparing prices once a year
The last item on the list is especially critical, as was pointed out in this piece. Insurance rates adjust frequently, so drivers shouldn’t hesitate to change to a new company if a better deal can be had.
Brand loyalty is not necessarily bad, but it isn’t a good idea if that dedication is costing hundreds every year. In just a couple of minutes you could compare rates and find cheaper auto insurance for high school students in Honolulu.