Finding affordable auto insurance is not the easiest thing to do, and figuring out which company has the lowest-priced auto insurance rates for low mileage drivers calls for even more perseverance.
Each insurance company uses a different method for setting prices, so first let’s look at the rankings for the overall cheapest auto insurance companies in Honolulu. It’s important to understand that Honolulu, HI auto insurance rates are influenced by many factors which can significantly increase or decrease the policy premium. That is why it is critical to take the time to shop around to find the lowest car insurance rates for low mileage drivers. Prices are influenced by many risk factors and can change substantially, so the most economical option the last time you compared rates may now not even be in the top five.
Find the Cheapest Car Insurance in Hawaii
USAA may offer some of the cheapest car insurance rates in Honolulu at around $964 annually. State Farm, GEICO, Liberty Mutual, and Progressive would also be considered some of the most economical Honolulu, HI car insurance companies.
As shown above, if you are currently insured with Liberty Mutual and switched to State Farm, you may see annual savings of in the neighborhood of $319. Customers with Progressive may save as much as $489 a year, and Allstate policyholders might realize rate reductions of up to $839 a year.
Understand that those rates are averages across all types of drivers and the different vehicles they drive and are not factoring in a vehicle location for low mileage drivers. So the insurer that fits your needs best may not even be in the list above. That’s why you need to get car insurance quotes using your own personal information and vehicle type.
The car, truck, or SUV requiring insurance is a large consideration when comparing quotes for affordable coverage for low mileage drivers. Vehicles with limited speed and performance, a plethora of safety features, or a low likelihood of liability claims will cost substantially less to insure than fast, unsafe models. The table below ranks insurance costs for some of the most economical vehicles to buy coverage for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Ford Edge SEL AWD||$936|
|Honda CR-V EX-L 2WD||$944|
|GMC Sierra SLE Regular Cab 2WD||$954|
|Chevrolet Equinox LT 2WD||$961|
|Toyota RAV4 Limited 4WD||$954|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$972|
|Ford Escape XLT 2WD||$991|
|Hyundai Elantra SE 4-Dr Sedan||$1,003|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,013|
|Kia Optima LX||$1,025|
|Jeep Wrangler Unlimited Sahara 4WD 4-Dr||$1,038|
|Ford F-350 XL Crew Cab King Ranch 2WD||$1,040|
|GMC Sierra 3500HD SLT Extended Cab 2WD||$1,045|
|Chevrolet Impala LS||$1,072|
|Honda Accord LX-S 2-Dr Coupe||$1,074|
|Honda Odyssey LX||$1,087|
|Ford Fusion S 4-Dr Sedan||$1,093|
|Get a Custom Quote Go|
Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Estimates do not factor in specific garaging location which can lower or raise price quotes greatly.
By looking at the data, cars like the Ford Edge, Honda CR-V, GMC Sierra, Chevrolet Equinox, and Toyota RAV4 are going to be some of the cheapest vehicles to insure for infrequent drivers.
Tickets and at-fault accidents raise rates
The recommended way to get good auto insurance premiums for infrequent drivers is to be a careful driver and avoid getting tickets or having accidents. The diagram below illustrates how violations and at-fault accidents drive up auto insurance costs for different age groups. The premiums are based on a married female driver, full physical damage coverage, $250 deductibles, and no other discounts are factored in.
The chart shows that the average cost of car insurance in Honolulu per year with a clean driving record and no accidents is $1,461. Add in one speeding ticket and the average cost increases to $1,700, an increase of $239 each year. Now include two accidents along with the one speeding ticket and the 12-month cost of auto insurance for low mileage drivers jumps again to an average of $3,761. That’s an increase of $2,300, or $192 per month, just for a couple of infractions!
The example below illustrates how choosing a deductible can affect yearly insurance costs when trying to find cheap insurance for low mileage drivers. The data assumes a single female driver, full coverage, and no discounts are factored in.
In the chart above, a 40-year-old driver could lower rates by $210 a year by changing from a $100 deductible to a $500 deductible, or save $318 by using a $1,000 deductible. Even younger insureds, like the Age 20 chart data, could reduce their rates up to $532 annually just by using higher deductibles.
If you make the decision to raise deductibles, it is a good idea to have enough savings to enable you to cover the extra out-of-pocket expense, which deters some people from using high deductibles.
The insurance agencies listed below can answer your questions and help you decide which coverage fits your budget, since some people have coverage questions and would like to get some professional advice when trying to find the best insurance rates for infrequent drivers. It can be hard to find the best policy on your own, so a professional agent can add comfort knowing your policy gives you sufficient coverage for your assets. To find an agent near you, click the button at the bottom.
Allstate Insurance: Dan Y.W. Au Hoy
931 University Ave Ste 108 – Honolulu, HI 96826 – (808) 944-1854
Royal State National Insurance Company
819 S Beretania St – Honolulu, HI 96813 – (808) 539-1600
Cornerstones Financial and Insurance Agency
250 Ward Ave #220 – Honolulu, HI 96814 – (808) 626-5068
How to find cheaper car insurance for low mileage drivers
Below you’ll find some penny-pinching ideas that can help you buy lower-cost car insurance.
- Remain accident-free and save
- Save money by bundling your home and auto policies
- Save money by staying claim-free
- Save money by only buying liability coverage for older vehicles
- Buy a safer vehicle
- Violations like speeding or DUI increase rates
- Shop around for cheaper prices often
That final tip is very significant, as we pointed out in the prior information. Coverage rates in Honolulu change frequently, so don’t be tentative to buy a policy from a new company if a cheaper rate is available. Many consumers stick with the same company and that’s fine, but is isn’t recommended if that faithfulness ends up costing you money that could be used for better things. Take a couple minutes and shop around to find cheaper insurance for low mileage drivers.