Who Has Affordable Car Insurance for Teenagers in Honolulu?

Finding out which companies offer the cheapest car insurance rates for teenagers requires more work in order to find the lowest price quote. Every auto insurer has a different process to determine rates, so let’s take a look at the car insurance companies with the most affordable rates in Honolulu.

It’s important to understand that Honolulu, HI car insurance rates are influenced by many factors which can significantly increase or decrease the price of your policy. Simply improving your credit, moving to a different location, or getting a driving violation may cause policy rate changes resulting in some rates now being cheaper than competitors.

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Cheapest insurance companies in Hawaii
Rank Company Cost Per Year
1 USAA $954
2 State Farm $1,076
3 GEICO $1,376
4 Liberty Mutual $1,464
5 Progressive $1,608
6 Allstate $1,926
7 First of Hawaii $2,006
8 AIG $2,469
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USAA generally has some of the most affordable car insurance rates in Honolulu at around $954 each year. This is $642 less than the average premium paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive also make the cut as some of the most economical Honolulu, HI car insurance companies.

As shown in the table above, if you are a policyholder with Progressive and switched to State Farm, you may see an annual premium reduction of around $532. Policyholders with Allstate could save as much as $850 a year, and First of Hawaii policyholders might see rate reductions of $930 a year.

These rates are averages across all types of drivers and the different vehicles they drive and and are not figured with a specific location for teenagers. So the auto insurance company that can offer you the lowest price may not even be in the list above. That illustrates why you need to quote rates from many companies using your own driver data and vehicle information.

For teen drivers, one of the big components that help determine insurance cost is where you keep your car. Areas with more people or even just a higher incidence of claims tend to have higher rates, whereas less populated areas have the benefit of cheaper auto insurance prices.

The next table sorts the priciest cities in Hawaii for teenagers to buy auto insurance in. Honolulu is ranked #15 having an annual price of $1,016 for car insurance, which is around $85 each month.

How much does auto insurance cost in Honolulu?
Rank City Average Per Year
1 Hilo $1,098
2 Kailua $1,084
3 Wahiawa $1,047
4 Halawa $1,047
5 Waimalu $1,047
6 Schofield Barracks $1,047
7 Nanakuli $1,047
8 Makakilo $1,046
9 Waipahu $1,046
10 Mililani Town $1,036
11 Pearl City $1,036
12 Kahului $1,026
13 Lahaina $1,026
14 Royal Kunia $1,026
15 Honolulu $1,016
16 Mililani Mauka $1,016
17 Kaneohe $1,016
18 Kapolei $1,016
19 Ewa Beach $1,015
20 Ewa Gentry $1,015
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Price information shown is estimated as the garaging address in Honolulu can change prices greatly.

Best car insurance company in Honolulu

Buying coverage from the best car insurance company is hard considering how many companies there are to choose from in Hawaii. The company rank data listed below can help you analyze which coverage providers to look at when shopping insurance around for teenagers. The ratings below are only made up of the largest auto insurers in America, so companies without a large exposure will not be included in the list.

Top 10 Major Car Insurance Companies 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

Top 10 Major Car Insurance Companies 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

Full coverage rates compared to liability only

Finding the cheapest car insurance should be important to most drivers, and one way to save on the cost of insurance for teenagers is to not buy full coverage. The information below visualizes the comparison of auto insurance costs with full physical damage coverage compared to only buying liability only. The data assumes no claims, a clean driving record, $500 deductibles, drivers are single, and no discounts are taken into consideration.

Averaged for all ages 20 through 70, comprehensive and collision coverage on your policy costs $1,697 per year more than buying just liability insurance. That is a big expense that brings up the question when is it a good idea to stop buying full coverage. There is no set guideline to exclude physical damage coverage, but there is a guideline you can consider. If the yearly cost of full coverage is 10% or more of replacement cost minus your deductible, then it could be time to drop full coverage.

The chart below shows how choosing a deductible can raise or lower insurance costs when getting quotes for cheap insurance for teenagers. The costs are based on a single female driver, comp and collision included, and no discounts are taken into consideration.

As shown above, a 40-year-old driver could reduce rates by $292 a year by switching from a $100 deductible up to a $500 deductible, or save $442 by using a $1,000 deductible. Youthful drivers, like the 20-year-old example, could shave $748 annually by choosing a larger deductible amount.

When raising deductibles, it will be important to have enough spare savings to be able to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

How to find cheaper auto insurance for teenagers

The list below shows many thrifty solutions that can help you buy cheap car insurance.

The last item on the list is extremely crucial, as we stressed in this article. Car insurance prices in Honolulu vary greatly, so don’t be tentative to buy a different policy if a cheaper rate is available. Being loyal to a particular company is commendable, but we do not recommend it if that loyalty ends up costing lots of money. It takes less than five minutes to compare rates to find cheaper car insurance for teenagers.

The professional agents shown below can answer your questions and help you decide which auto insurance policy fits you best, as some people have coverage questions and would like to have a professional recommendation when comparing insurance rates for teen drivers. It can be time-consuming to find the cheapest rate yourself, so professional agents can provide peace of mind knowing you have sufficient coverage at claim time.

To find a Honolulu insurance agency close to where you live, click the button following the list or click here to compare price quotes now.

Doug Kam-Young – State Farm Insurance Agent
2841 Kaonawai PlHonolulu, HI 96822(808) 988-7011

U’ilani Hawelu – State Farm Insurance Agent
1960 Kapiolani Blvd Ste 208Honolulu, HI 96826(808) 955-9090

Gary Nakamura – State Farm Insurance Agent
1016 Kapahulu Ave #250Honolulu, HI 96816(808) 734-3265

Find a Honolulu, HI insurance agent near you