Who Has Affordable Car Insurance for Hybrid Vehicles in Honolulu?

Trying to buy budget insurance is not easy, and figuring out which companies offer the most affordable car insurance rates for hybrid vehicles involves a bit more work. Each company uses slightly different criteria to determine premium rates, so let’s take a look at the car insurance companies that tend to be cheaper in Hawaii.

Best Cheap Insurance Rates for Hybrids

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Who has the cheapest car insurance in Hawaii?
Rank Company Cost Per Year
1 USAA $936
2 State Farm $1,087
3 GEICO $1,348
4 Liberty Mutual $1,449
5 Progressive $1,608
6 Allstate $1,926
7 First of Hawaii $1,947
8 AIG $2,373
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USAA generally has some of the cheapest car insurance rates in Honolulu at around $936 per year. This is $660 less than the average price paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive also qualify as some of the cheaper Honolulu, HI insurance companies.

As shown in the table above, if you currently have a policy with Progressive and switched to State Farm, you might realize a yearly savings of roughly $521. Insureds with Allstate may save as much as $839 a year, and First of Hawaii customers might reduce prices by as much as $860 a year.

It’s important to note that these estimates are averaged for all drivers and vehicles and and are not calculated with a specific zip code for hybrid vehicles. So the car insurance company that can offer you the lowest price may not even be in the list above. That underscores the importance of why you need to get rate quotes using your own specific driver and vehicle information.

For hybrids, one of the more important considerations that are looked at to help calculate the cost of insurance is your zip code. Regions with more people or even just more weather-related claims tend to have higher rates, whereas areas with less crime or weather claims benefit from having to pay less for coverage.

The information below shows the most costly cities in Hawaii for hybrid vehicles to buy car insurance in. Honolulu makes the list at #20 with a yearly premium of $1,005 for car insurance, which is around $84 each month.

How much is auto insurance in Honolulu, HI?
Rank City Average Per Year
1 Hilo $1,142
2 Ewa Beach $1,057
3 Kailua $1,052
4 Pearl City $1,047
5 Mililani Town $1,047
6 Royal Kunia $1,046
7 Ewa Gentry $1,046
8 Halawa $1,036
9 Kaneohe $1,036
10 Waianae $1,036
11 Kihei $1,026
12 Makakilo $1,026
13 Waimalu $1,016
14 Kapolei $1,016
15 Waipahu $1,015
16 Schofield Barracks $1,005
17 Wahiawa $1,005
18 Nanakuli $1,005
19 Mililani Mauka $1,005
20 Honolulu $1,005
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Table data uses comparative as the garaging address in Honolulu can affect premium rates significantly.

The example below illustrates how your choice of deductibles can impact insurance costs when getting quotes for cheap insurance for hybrid vehicles. The premiums assume a single female driver, comp and collision included, and no discounts are taken into consideration.

The chart above illustrates that a 30-year-old driver could cut expenses by $242 a year by switching from a $100 deductible up to a $500 deductible, or save $364 by selecting a $1,000 deductible. Youthful drivers, like the Age 20 category, could shave as much as $532 every year by using higher deductibles when buying full coverage. When insureds make the decision to increase the deductibles on their policy, it is essential to have enough in a savings account to be able to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

How careless driving impacts Honolulu car insurance rates

A great way to find the best car insurance premiums in Hawaii for hybrids is to drive carefully and avoid accidents and traffic violations. The chart below demonstrates how traffic citations and at-fault accidents can impact insurance costs for different age groups. The data assumes a single male driver, full physical damage coverage, $100 deductibles, and no other discounts are factored in.

In the previous chart, the average cost of car insurance per year with no accidents and a clean driving record is $2,038. Get written up for one speeding ticket and the average cost surges to $2,295, an increase of $257 each year. Now include two accidents along with the one speeding ticket and the yearly cost of car insurance for hybrid vehicles jumps again to an average of $4,469. That’s an increase of $2,431, or $203 per month, just for being a careless driver!

Car insurance companies ranked

Picking the top auto insurance provider can be difficult considering how many companies there are to choose from in Hawaii. The company information shown below may help you analyze which car insurance companies to look at comparing price quotes from. These ratings are for the largest companies in America, so smaller regional companies will not be included in these rankings.

Top 10 Major Auto Insurers Overall in Honolulu

  1. USAA
  2. American Family
  3. State Farm
  4. The Hartford
  5. AAA Insurance
  6. GEICO
  7. Progressive
  8. Allstate
  9. Nationwide
  10. Liberty Mutual

Why you should compare rates

Honolulu car insurance rates are influenced by many factors which can substantially change the policy price. Simply improving your credit, buying another vehicle, or having an at-fault accident may generate price changes that can now make some companies more affordable than others. Not only may your situation change, but insurers amend pricing at least once a year in order to protect their financial rating. Higher than normal claims may cause price increases, while better underwriting can cause lower-priced Honolulu car insurance rates.

To illustrate this point, the data below shows the companies that have the cheapest car insurance in Honolulu, HI for a 30-year-old male driver with no prior claims, no tickets, and excellent credit. When quoting prices based on his current risk factors, USAA may have the most affordable car insurance rates in Honolulu at $954 a year. This is $642 less than the average policy premium paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive are the rest of the most affordable Honolulu, HI auto insurance companies.

Now we will pretend the driver in the first example an accident claim, a lower credit score, and a couple of points charged on his driving record. Since each auto insurer has a different process to set their prices, analyzing rate quotes may now result in a new list of the cheapest car insurance companies in Honolulu as shown below.

State Farm now has the cheapest auto insurance in Honolulu, HI with USAA, GEICO, Allstate, and Liberty Mutual also having competitive pricing. This illustrates why Honolulu drivers need to do a thorough rate comparison when trying to find the best auto insurance rates for hybrid vehicles.

Insurance rates consist of many factors and can increase or decrease at any time, so the best option when you last compared rates may now be quite expensive.