What Auto Insurance is Cheapest for College Graduates in Honolulu?

Shopping around for reasonably-priced car insurance is not always easy, and determining which company has the cheapest auto insurance rates for college graduates requires even more perseverance. Each company uses a little different formula for establishing rates, so let’s take a look at the lowest cost auto insurance companies in Honolulu, HI.

It’s important to know that Honolulu, HI auto insurance rates are impacted by many factors which can substantially decrease or increase the price you have to pay for coverage. This price fluctuation is why consumers need to take the time to compare many different companies to get the most economical auto insurance quotes for college graduates. Rates consist of many things and can change without notice, so the most economical company six months ago may now not even be in the top five.

Cheapest Insurance Rates for Grads

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Who has the cheapest car insurance in Hawaii?
Rank Company Cost Per Year
1 USAA $936
2 State Farm $1,087
3 GEICO $1,389
4 Liberty Mutual $1,464
5 Progressive $1,624
6 Allstate $1,906
7 First of Hawaii $1,947
8 AIG $2,397
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USAA quotes some of the cheapest car insurance rates in Honolulu at around $936 per year. This is $660 less than the average policy premium paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive would also make the list of some of the cheaper Honolulu, HI auto insurance companies.

As illustrated above, if you are a policyholder with GEICO and switched to USAA, you might realize an annual savings of upwards of $453. Drivers with Liberty Mutual may save as much as $528 a year, and Progressive insureds might lower prices by $688 a year.

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

Be aware that those prices are averages across all types of insureds and vehicles and do not factor in a vehicle location for college graduates. So the auto insurance company that has the cheapest rates for you may not even be in the list above. That underscores the importance of why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.

For college grads, one of the more important considerations that are used to help calculate the price you pay for insurance is where you live in Honolulu. Cities with larger populations will most likely have higher rates, whereas less populated areas benefit from lower rates.

The next table rates the most expensive cities in Hawaii for college graduates to purchase car insurance in. Honolulu is ranked at #15 costing $1,016 on average, which is around $85 each month.

How much does car insurance cost in Honolulu, HI?
Rank City Annual Premium
1 Hilo $1,131
2 Kailua $1,062
3 Makakilo $1,057
4 Ewa Gentry $1,057
5 Schofield Barracks $1,047
6 Wahiawa $1,047
7 Kapolei $1,047
8 Waianae $1,047
9 Kaneohe $1,036
10 Mililani Mauka $1,036
11 Halawa $1,036
12 Wailuku $1,026
13 Kahului $1,026
14 Kihei $1,026
15 Honolulu $1,016
16 Waimalu $1,016
17 Mililani Town $1,016
18 Waipahu $1,015
19 Royal Kunia $1,015
20 Ewa Beach $1,015
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Information shown are estimated as the specific zip code location can lower or raise insurance rates noticeably.

The diagram below highlights how deductible selection can raise or lower insurance premiums when researching cheap insurance for college graduates. The prices are based on a married female driver, full physical damage coverage, and no other discounts are factored in.

The chart above illustrates that a 40-year-old driver could lower their car insurance rates by $244 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $366 by using a $1,000 deductible. Even younger insureds, like the 20-year-old category, could possibly save up to $606 or more just by choosing larger deductibles. When using a larger deductible, it will be required to have additional funds squirreled away to enable you to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.

Violations and accidents raise rates

The recommended way to maintain good auto insurance prices in Hawaii for college grads is to drive cautiously and not get tickets or have accidents. The information below illustrates how violations and accident claims drive up auto insurance rates for each age group. The premiums assume a married female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are taken into consideration.

In the previous example, the average cost of auto insurance per year with no accidents and a clean driving record is $967. Get written up for one speeding ticket and the average cost jumps to $1,125, an increase of $158 each year. Now get one accident along with the one speeding ticket and the annual cost of auto insurance for college graduates jumps again to an average of $1,566. That’s an increase of $599, or $50 per month, just for being a less-than-perfect driver!

Best auto insurance company in Hawaii

Buying coverage from a highly-rated car insurance company is hard considering how many different insurance companies sell coverage in Honolulu. The company information below could help you analyze which auto insurance companies to look at when shopping around. The ratings below include companies that insure vehicles nationwide, so companies that may only write in Hawaii are not factored into the list.

Top 10 Large 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 Large Car Insurance Companies in Honolulu Ranked by A.M. Best Rating

  1. USAA – A++
  2. State Farm – A++
  3. GEICO – A++
  4. Esurance – A+
  5. Nationwide – A+
  6. Allstate – A+
  7. Progressive – A+
  8. The Hartford – A+
  9. AAA Insurance – A
  10. Liberty Mutual – A

How to find low-cost car insurance for college graduates

The list below details many penny-pinching solutions that can help you buy cheap coverage.

The last tip is remarkably important, as we emphasized in the article above. Car insurance rates adjust frequently, so drivers shouldn’t be reluctant to switch carriers if a more affordable rate is found. Many drivers tend to have loyalty to a certain company, but it isn’t a good idea if that loyalty ends up costing a lot of money every month. Spend a few minutes and compare prices to find cheaper insurance for college graduates in Honolulu.