Who Has Affordable Car Insurance for Teenage Males in Honolulu?

Finding decent, reasonably-priced auto insurance is not easy, and figuring out which company offers the lowest-priced car insurance rates for teenage males may require even more shopping around.

Each insurance company has their own formula to set premium rates, so let’s begin by examining the lowest cost car insurance companies in Honolulu. Keep in mind that Honolulu car insurance rates are based on many factors that control the cost of your policy. This price variation is why it is crucial to shop around with many companies when trying to get affordable insurance rates for teenage males. Rates consist of many factors and can change without notice, so the most affordable company the last time you shopped around may now be costing you a lot of money.

Lowest Insurance Price Quotes for Teens

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USAA quotes some of the best car insurance rates in Honolulu at around $954 annually. State Farm, GEICO, Liberty Mutual, and Progressive also are some of the most economical Honolulu, HI car insurance companies.

In this example, if you are a policyholder with Liberty Mutual and switched to State Farm, you could see a yearly savings of around $344. Insureds with Progressive may save as much as $504 a year, and Allstate insureds might lower prices by up to $786 a year.

To get a fast rate comparison, click here to start your custom quote or visit several of the following companies.

It’s important to note that these estimates are averages for all types of drivers and the different vehicles they drive and do not factor in a vehicle location for teenage males. So the company that fits your situation best may not even be in the list above. That point stresses why you need to get rate quotes using your own personalized driver profile and vehicle information.

The type of vehicle you are insuring is a significant factor that determines if you can find the lowest-priced car insurance for teenage males. Vehicles with limited speed and performance, an excellent safety record, or a positive history of liability claims will cost much less to insure than high performance models. The next table estimates insurance premiums for a number of the more affordable vehicles to insure.

Cheapest Vehicles to Insure in Honolulu, HI
Make, Model, and Trim Level Estimated Cost for Full Coverage
Honda CR-V LX 4WD $3,784
Honda Accord EX 4-Dr Sedan $3,793
Ford Escape Limited 2WD $3,821
Toyota Prius $4,088
Ford Edge SE 2WD $4,219
Ford F-150 XL Crew Cab 4WD $4,292
Volkswagen Jetta SE 2.5 Station Wagon $4,321
Chevrolet Impala LS $4,451
Toyota RAV4 4WD $4,488
Chevrolet Equinox LT 2WD $4,493
Toyota Camry LE $4,488
Toyota Tacoma Double Cab 4WD $4,495
Chevrolet Malibu LT $4,523
Ford Explorer Limited 2WD $4,530
Dodge Grand Caravan SXT $4,523
Dodge Ram Quad Cab ST 2WD $4,636
Hyundai Elantra SE 4-Dr Sedan $4,721
Honda Odyssey EX-L W/Rear Entertainment $4,728
Nissan Altima 2.5 S 4-Dr Sedan $4,721
Jeep Wrangler Unlimited Sport 4WD 4-Dr $4,753
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Data based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate information does not factor in specific zip code location which can affect coverage rates substantially.

Based upon these rates, makes and models like the Honda CR-V, Honda Accord, Ford Escape, and Toyota Prius are most likely to be some of the less-costly vehicles to insure for teen boys. The cost of auto insurance will tend to be more expensive anyway because of the fact that there is more inherent risk for teenage males, but overall those particular models will most likely have the lowest insurance prices that you are likely to find.

For teen boys, one of the largest considerations that are looked at to help calculate the annual cost of car insurance is where you live in Honolulu. Areas with a lot of weather claims or more people tend to have higher auto insurance costs, whereas less populated areas can boast about having cheaper rates.

The table below sorts the priciest cities in Hawaii for teenage males in which to purchase auto insurance. Honolulu comes in at #22 costing $1,005 for the average policy, which is about $84 per month.

How much does auto insurance cost in Honolulu?
Rank City Average Per Year
1 Hilo $1,131
2 Waipahu $1,057
3 Kailua $1,052
4 Nanakuli $1,047
5 Halawa $1,047
6 Ewa Beach $1,046
7 Kapolei $1,036
8 Kaneohe $1,036
9 Makakilo $1,026
10 Wailuku $1,026
11 Ewa Gentry $1,026
12 Kahului $1,016
13 Waianae $1,016
14 Pearl City $1,016
15 Kihei $1,016
16 Mililani Mauka $1,016
17 Royal Kunia $1,015
18 Mililani Town $1,005
19 Wahiawa $1,005
20 Schofield Barracks $1,005
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Premium costs are approximated as the specific area where the vehicle is garaged can influence coverage prices significantly.

Picking the best auto insurance provider is hard considering how many different companies insure vehicles in Honolulu. The company ratings shown below may help you choose which insurers to look at when buying insurance for teenage males.

These ratings are only made up of companies that insure vehicles across America, so smaller companies that only insure vehicles in Hawaii will not be included in the list. If you’d like to compare prices from these and other top-rated companies, just click here.

Top 10 Major Auto Insurance Providers in Honolulu Ranked by Value

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

Top 10 Major 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%

Full coverage versus liability only rates

Lowering the price of car insurance should be important to most vehicle owners, and an easy way to pay less for insurance for teenage males is to only buy liability insurance. The example below compares insurance rates with full physical damage coverage compared to only buying liability only. The premiums assume no tickets, no at-fault accidents, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

On average, physical damage coverage costs $1,210 per year more than just buying liability only. That may make you wonder if full coverage is worth the money. There is no specific rule of when to drop physical damage insurance, but there is a general school of thought. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

For example, let’s say your vehicle’s replacement cost is $8,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $7,000 after the deductible is paid. If it’s costing you more than $700 annually for full coverage, then it may be the right time to buy liability only.

There are some situations where dropping full coverage is not a good idea. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

The importance of shopping around

Hawaii car insurance rates are impacted by many things that will increase or decrease the price of your policy. Simply turning a year older, buying a different vehicle, or having a fender bender can produce rate changes that can now make some companies cheaper than competitors.

And not only may your rating factors change, but insurers file new Hawaii car insurance rates multiple times each year in order to protect their financial rating. A period of increased losses can result in price increases, while a better claims history may produce lower-priced Honolulu car insurance rates.

The bar chart below shows which company has the cheapest car insurance in Honolulu, HI for a 40-year-old male driver with no prior claims, no tickets, and good financial standing. If we look at prices based on his current risk profile, USAA quotes the lowest car insurance rates in Honolulu at $1,004 per year. This is $592 less than the average rate paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive are also included in the most affordable Honolulu, HI auto insurance companies.

Now let’s give the driver from above an accident surcharge, a lower credit score, and a few blemishes on his driving record. Because every insurance company uses their own calculation for establishing rates, comparing quotes will most likely result in a completely different list of the cheapest companies as shown below.

State Farm now has the lowest price on auto insurance in Honolulu, HI with USAA, GEICO, First of Hawaii, and Liberty Mutual also having competitive pricing. This shows why it is important to do a thorough rate comparison to get the most economical auto insurance quotes for teenage males. Prices are made up of many factors and can change substantially, so the most economical option two years ago may now be quite expensive.

The professional agents shown below are willing to help you decide which insurance coverage you need, as some drivers have questions and prefer to get some guidance when shopping for the best coverage for teen boys. It can be challenging to find the best coverage on your own, so getting professional guidance from a licensed agent can bring comfort knowing your coverage gives you enough protection.

To find an auto insurance agency by location nearest to you, click the button after the list.

More Honolulu, HI insurance agents

How to find cheaper auto insurance for teenage males

Here are many thrifty suggestions that can help Honolulu drivers buy cheap auto insurance.

That final tip is notably crucial, as we pointed out in this write-up. Insurance prices can be modified anytime, so drivers shouldn’t be reluctant to change to a new company if you can save money. Staying with the same company for years is fine, but it’s not a great idea if that loyalty ends up costing a considerable chunk of change every month. In just a few minutes you could compare rates and find cheaper insurance for teenage males in Honolulu.