The words “low-priced” and “auto insurance” really shouldn’t be used in the same sentence, specifically when comparison shopping for the lowest insurance rates for safe drivers. Because it’s not cheap, let’s get started by showing you some of the things that influence auto insurance premiums, and find a way to shave a little off your next policy.
The vehicle requiring coverage is one of the main factors that determines whether or not you find cheap insurance for safe drivers. Vehicles with lots of speed or power, a lack of advanced safety features, or a track record of large liability claims will cost much more to insure than safer, lower-performance models. The list below outlines insurance premiums for a number of the most cost-effective automobiles to insure in Hawaii.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape Limited 2WD||$855|
|Honda CR-V LX 2WD||$913|
|Jeep Wrangler Sahara 4WD 2-Dr||$938|
|Ford F-150 XL Crew Cab 4WD||$956|
|Chevrolet Impala LS||$973|
|Ford Edge SEL AWD||$979|
|Volkswagen Jetta SE 2.5 Station Wagon||$981|
|GMC Sierra SL Extended Cab 2WD||$991|
|Toyota Tacoma Double Cab 4WD||$1,010|
|Ford Explorer Limited 2WD||$1,018|
|Hyundai Elantra SE Touring Station Wagon||$1,020|
|Honda Accord EX-L 4-Dr Sedan||$1,029|
|Nissan Rogue SL 2WD||$1,061|
|Hyundai Sonata GLS 4-Dr Sedan||$1,066|
|Honda Odyssey Touring||$1,063|
|Dodge Grand Caravan SE||$1,065|
|Toyota Camry LE||$1,082|
|Chevrolet Malibu Hybrid||$1,117|
|Toyota RAV4 Sport 4WD||$1,124|
|Chevrolet Equinox LS AWD||$1,117|
|GMC Sierra 2500HD SLE Regular Cab 2WD||$1,133|
|Chevrolet Silverado 2500HD LTZ Crew Cab Diesel 4WD||$1,136|
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Table data does not factor in the specific area where the vehicle is garaged which can increase or decrease premiums greatly.
Looking at the numbers, we can presume that cars like the Ford Escape, Honda CR-V, and Toyota Prius are most likely going to be some of the most affordable vehicles to insure for good drivers.
One of the many criteria that are looked at to help calculate the amount you pay for auto insurance is where you live in Honolulu. Areas with high crime rates or more dense population tend to have higher rates, whereas areas with less congestion have the benefit of cheaper car insurance.
The table below shows the most expensive cities in Hawaii for safe drivers in which to purchase auto insurance. Honolulu comes in at #5 with the annual price of $1,047 on average, which is approximately $87 monthly.
|Rank||City||Average Per Year|
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Price information shown is estimated as zip code location can increase or decrease coverage rates noticeably.
Responsible drivers pay cheaper Honolulu insurance rates
The easiest way to find cheap insurance prices for good drivers is to be a safe driver and avoid accidents and violations. The chart below highlights how traffic violations and fender-benders drive up auto insurance rates for different age groups of insureds. The premiums are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.
The data in the chart shows the average cost of auto insurance per year with no accidents and a clean driving record is $1,263. Receive two speeding tickets and the average cost swells to $1,732, an increase of $470 each year. Now add two accidents along with the two speeding tickets and the 12-month cost of insurance for safe drivers increases to an average of $3,709. That’s an increase of $2,446, or $204 per month, just for not driving safely!
Cost of full coverage in Honolulu
Saving on insurance should be important to the majority of people, and an easy way to save on the cost of insurance for safe drivers is to buy liability only. The diagram below illustrates the difference between insurance premiums with full coverage and liability only. The rates are based on no claims or violations, $1,000 deductibles, single marital status, and no discounts are applied to the premium.
If we average the cost for ages 20 through 70, physical damage coverage on your policy costs an extra $1,118 per year over and above liability only. That is a big expense that brings up the question if paying for full coverage is a waste of money. There isn’t a written rule to eliminate full coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your vehicle’s claim settlement value is $12,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company would pay you is $11,000 after the policy deductible has been paid. If premiums are more than $1,100 a year to have full coverage, then you may want to consider only buying liability coverage.
There are some conditions where eliminating full coverage is not advised. If you still owe a portion of the original loan, you must maintain physical damage coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not opt for liability only.
Selecting a good quality auto insurance company can be challenging considering how many companies sell insurance in Hawaii. The company rank data shown next may help you select which auto insurers you want to consider when looking for cheaper rates. The rankings below are only comprised of companies that write coverage in many states, so smaller companies that only insure vehicles in Hawaii are not factored into the list.
Top 10 Major Auto Insurance Providers in Honolulu Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- The Hartford
- Farmers Insurance
Top 10 Major Auto Insurance Providers in Honolulu Ranked by Value
- American Family
- The Hartford
- State Farm
- AAA Insurance
- Liberty Mutual
How to find budget-friendly insurance for safe drivers
Below you’ll find many penny-pinching solutions that can help drivers quote cheap auto insurance.
- Avoid at-fault accidents and claims
- Avoid filing small claims
- Higher credit scores may earn you cheaper rates
- Keep your driving record clean
- Drive vehicles with five-star safety ratings
- Compare quotes from other companies often
That last idea is remarkably significant, as was emphasized in the prior information. Coverage prices in Honolulu vary considerably, so drivers shouldn’t hesitate to buy from a different company if you can save money.
Sticking with a specific company is fine, but is isn’t recommended if that stubbornness costs you hundreds every year. Now is a great time to compare prices to find cheaper car insurance for safe drivers.
If you like to get some professional advice when comparing insurance rates for good drivers, the agents listed below are willing to help you decide which auto insurance policy fits you best. To locate a Honolulu insurance agent using an interactive map, click the button link following the list or click here to compare prices now.
- Jef Saragena – State Farm Insurance Agent
677 Ala Moana Blvd Ste 310 – Honolulu, HI 96813 – (808) 951-0866
- Kevin Takahashi – State Farm Insurance Agent
1284 Kalani St d108 – Honolulu, HI 96817 – (808) 845-0069
- Allstate Insurance: Thomas Choi
1130 N Nimitz Hwy Rm A260 – Honolulu, HI 96817 – (808) 664-0970