Finding reliable, affordable auto insurance is challenging, and finding out which company has the best car insurance rates for unemployed drivers will involve even more shopping around. Every insurance provider has a unique formula to determine premium rates, so to begin we’ll rank the lowest cost car insurance companies in Hawaii.
It’s a good idea to be aware that Hawaii car insurance rates are determined by lots of factors that may substantially change the cost of a policy. This price fluctuation is why it is critical to compare many different companies when trying to get the lowest insurance quotes for unemployed drivers. Insurance rates are impacted by many factors and can change substantially, so the best option the last time you shopped your coverage around may now be priced much higher than other options.
Find the Cheapest Car Insurance for Job Seekers
USAA generally has some of the cheapest car insurance rates in Honolulu at around $964 per year. State Farm, GEICO, Liberty Mutual, and Progressive also qualify as some of the lowest-priced Honolulu, HI auto insurance companies.
In the rate table above, if you currently have coverage with Liberty Mutual and switched to State Farm, you could realize an annual premium reduction of roughly $340. Policyholders with Progressive may save as much as $515 a year, and First of Hawaii policyholders might lower prices by up to $838 a year.
If you would like to find cheaper car insurance rates, click here to start your custom quote or visit several of the following companies.
Remember that these policy rates are averages for all types of drivers and the different vehicles they drive and and are not figured with an exact location for unemployed drivers. So the car insurance company that can offer you the lowest price may not even be in the list above. That illustrates why you need to get quotes using your own driver and vehicle profiles.
The vehicle model you are buying coverage for is one of the main factors that determines whether or not you can buy low-priced coverage for unemployed drivers. Vehicles with lots of horsepower, poor safety features, or an increased likelihood of liability claims will cost significantly more to insure than safer models. The data below features car insurance prices for a selection of the more affordable automobiles to buy coverage for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$873|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$962|
|Dodge Grand Caravan CV||$983|
|Ford Escape XLS 2WD||$1,005|
|Toyota RAV4 4WD||$1,036|
|Chevrolet Malibu LS||$1,045|
|Ford Edge Sport 2WD||$1,092|
|Toyota Camry XLE||$1,102|
|Hyundai Elantra SE 4-Dr Sedan||$1,092|
|Jeep Grand Cherokee Limited 4WD||$1,111|
|Ford Fusion SEL 4-Dr Sedan||$1,118|
|Chevrolet Silverado LT Regular Cab 2WD||$1,111|
|Ford Focus SE 4-Dr Sedan||$1,166|
|Honda Accord EX-L 2-Dr Coupe||$1,185|
|GMC Sierra SLE Crew Cab 2WD||$1,187|
|Ford Explorer Eddie Bauer 2WD||$1,204|
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Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Rates do not factor in specific location information which can decrease or increase rates considerably.
Based upon the rates shown, we can expect models like the Honda CR-V, Jeep Wrangler, Dodge Grand Caravan, and Ford Escape are likely to be the most economical vehicles to insure for the unemployed.
Drive safe and save
The recommended way to snag good car insurance rates in Honolulu for the unemployed is to be a cautious driver and have a clean driving record. The chart below shows how violations and at-fault accidents increase premium costs for different ages of insureds. The premiums are based on a single female driver, comp and collision included, $250 deductibles, and no discounts are taken into consideration.
The data above shows the average cost of an auto insurance policy in Honolulu per year with no accidents or violations is $1,769. Get two speeding tickets and the average cost increases to $2,373, an increase of $604 each year. Now add in two accidents along with the two speeding tickets and the 12-month cost of car insurance for unemployed drivers goes up to an average of $4,624. That’s an increase of $2,855, or $238 per month, just for a couple of infractions!
The information below demonstrates how choosing different deductibles can increase or decrease insurance costs when quoting cheap insurance for unemployed drivers. The rates are based on a married female driver, comp and collision included, and no policy discounts are applied.
A 50-year-old driver could pocket $244 a year by changing from a $100 deductible up to a $500 deductible, or save $366 by switching to a $1,000 deductible. Youthful drivers, such as the Age 20 example, could possibly save $606 or more by choosing a larger deductible amount. If you do raise deductibles, it is essential to have enough savings to enable you to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Types of discounts on Honolulu insurance rates
Insurance companies that sell policies for unemployed drivers may provide price discounts that could lower prices by 25% or more if you meet eligibility requirements. Larger car insurance companies and their possible discounts can be read below.
- Progressive offers discounts for multi-vehicle, continuous coverage, good student, online signing, and online quote discount.
- AAA discounts include multi-car, good student, AAA membership discount, anti-theft, and good driver.
- Farmers Insurance offers premium reductions for early shopping, mature driver, youthful driver, teen driver, multi-car, and pay in full.
- GEICO has savings for seat belt use, daytime running lights, air bags, multi-policy, and anti-theft.
- Esurance includes discounts for online shopper, homeowner, emergency road assistance, multi-car, claim free, good driver, and renters.
- SAFECO has discounts for anti-lock brakes, teen safe driver, drive less, accident prevention training, multi-car, and anti-theft.
- State Farm offers discounts including passive restraint, defensive driving training, multiple policy, good student, and Drive Safe & Save.
The information below compares insurance rates with and without discounts applied. The price estimates are based on a female driver, a clean driving record, no claims, Hawaii state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with anti-theft, passive restraint, accident-free, multiple policy, defensive driving course, and safe-driver discounts applied. When drivers qualify for the discounts, theaverage amount saved on car insurance for unemployed drivers is 28% or $330.
How to find the cheapest insurance for unemployed drivers
It is possible to find better rates, and here are many thrifty ideas that can help Hawaii drivers quote low-cost car insurance.
- Raise comprehensive and collision coverage deductibles
- Full coverage may not be needed on older vehicles
- Drive safely
- Drivers with good credit often pay less
- Having at-fault accidents will increase rates
- Safer vehicles generally have cheaper insurance rates
- Compare prices frequently to find the best deal
The last tip in the list is highly critical, as we stressed in the prior article. Rates adjust often, so don’t be tentative to switch to a new company if you find a cheaper price.
Many drivers prefer to stick with one company, but we do not recommend it if that stubbornness costs you money that could be used for better things. In just a few minutes you could compare rates to find cheaper auto insurance for unemployed drivers in Honolulu.