Who Has Affordable Car Insurance for Unemployed Drivers in Honolulu?

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.

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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.

Cheapest Vehicles to Insure in Honolulu, HI
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
Toyota Prius $1,194
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

Save on car insurance for the unemployed in HonoluluInsurance 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.

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.

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.