One of the many factors that are used to help calculate the amount you pay for auto insurance is where you call home in Honolulu. Regions with more people or even just more weather-related claims will most likely have higher rates, whereas more rural areas benefit from lower coverage costs.
The illustration below sorts the most expensive places in Hawaii for electric cars in which to buy car insurance. Honolulu shows up at #6 having an annual price of $1,047 for the average insured, which is about $87 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Hilo | $1,109 |
| 2 | Kailua | $1,094 |
| 3 | Royal Kunia | $1,057 |
| 4 | Halawa | $1,047 |
| 5 | Kaneohe | $1,047 |
| 6 | Honolulu | $1,047 |
| 7 | Ewa Gentry | $1,046 |
| 8 | Waipahu | $1,046 |
| 9 | Nanakuli | $1,036 |
| 10 | Kahului | $1,026 |
| 11 | Schofield Barracks | $1,016 |
| 12 | Pearl City | $1,016 |
| 13 | Kihei | $1,016 |
| 14 | Waimalu | $1,016 |
| 15 | Lahaina | $1,016 |
| 16 | Wahiawa | $1,016 |
| 17 | Makakilo | $1,015 |
| 18 | Ewa Beach | $1,015 |
| 19 | Mililani Mauka | $1,005 |
| 20 | Mililani Town | $1,005 |
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Rate quotes are estimated as specific Honolulu garaging address can lower or raise prices greatly.
Determining which company quotes the best auto insurance rates for electric cars takes a bit more effort in order to find coverage that fits your budget.
Each company uses a slightly different approach to establish rates, so we will examine the most competitive auto insurance companies in Hawaii. It’s a good idea to know that Honolulu auto insurance rates are determined by lots of factors that will increase or decrease the cost of your policy. Improving your credit score, buying a different home, or getting a ticket for running a stop sign can trigger rate changes resulting in some companies being cheaper than before.
Lowest Insurance Price Quotes for EV’s
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $964 |
| 2 | State Farm | $1,076 |
| 3 | GEICO | $1,376 |
| 4 | Liberty Mutual | $1,464 |
| 5 | Progressive | $1,560 |
| 6 | Allstate | $1,964 |
| 7 | First of Hawaii | $1,987 |
| 8 | AIG | $2,397 |
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USAA quotes some of the most affordable car insurance rates in Honolulu at around $964 annually. State Farm, GEICO, Liberty Mutual, and Progressive also rank well as some of the cheaper Honolulu, HI insurance companies.
In the above rates, if you currently buy coverage from GEICO and switched to USAA, you could realize annual savings of approximately $412. Drivers with Liberty Mutual might save as much as $500 a year, and Progressive policyholders might realize rate reductions of up to $596 a year.
If you would like to find cheaper car insurance rates, click here to start a quote or quote rates from the companies below.
Be aware that those policy rates are averages across all insureds and vehicles and do not factor in an exact location for electric cars. So the company that has the cheapest rates for you may not even be in the list above. That points out the importance of why you need to compare prices as often as possible using your own individual information.
The vehicle model you are buying coverage for is a large consideration when trying to find the cheapest insurance for electric cars. Vehicles with higher performance, poor safety ratings, or a high likelihood of having liability claims will cost quite a bit more to insure than safer models. The table below outlines insurance costs for the most cost-effective automobiles to buy insurance for.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $826 |
| Jeep Wrangler Rubicon 4WD 2-Dr | $927 |
| Jeep Grand Cherokee Laredo 4WD | $977 |
| GMC Sierra SLE Crew Cab 2WD | $984 |
| Honda CR-V EX-L 4WD | $1,037 |
| Toyota Prius | $1,043 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,047 |
| Ford Edge SE AWD | $1,096 |
| Hyundai Elantra SE Touring Station Wagon | $1,098 |
| Toyota Camry Hybrid | $1,117 |
| Dodge Ram 2500 Crew Cab ST 2WD | $1,123 |
| Chevrolet Malibu Hybrid | $1,117 |
| Chevrolet Silverado 3500HD LTZ Crew Cab Diesel 2WD | $1,133 |
| Ford Explorer Eddie Bauer 2WD | $1,140 |
| Ford F-150 XL Super Cab 4WD | $1,133 |
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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Table data does not factor in specific Honolulu, HI garaging location which can modify insurance rates greatly.
Looking at the numbers, models like the Ford Escape, Jeep Wrangler, Jeep Grand Cherokee, and GMC Sierra should be a few of the most economical vehicles to insure for eco-friendly vehicles.
What is the best auto insurance company in Hawaii?
Buying coverage from the highest-rated insurance provider is hard considering how many companies sell insurance in Honolulu. The information listed below may help you select which coverage providers to look at when shopping your coverage around. These rankings are for large, nationwide insurance companies, so companies that only write business in Hawaii or surrounding areas are not included in this list.
Top 10 Large Car Insurance Companies in Honolulu Ranked by Customer Service
- State Farm
- GEICO
- The Hartford
- Progressive
- Allstate
- American Family
- AAA Insurance
- Nationwide
- Liberty Mutual
- Farmers Insurance
Full coverage rates compared to liability-only
Reducing the cost of auto insurance is probably important to most vehicle owners, and one of the fastest ways to find cheaper insurance for electric cars is to only buy liability insurance. The diagram below illustrates the difference between annual premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no claims or driving violations, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.
As an overall average, full coverage costs an additional $1,118 per year more than just buying liability only. That is a large expense which might make you wonder when is it safe to stop buying full coverage. There is no written rule of when to drop full coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.
Reckless driving habits raise Honolulu auto insurance rates
The ideal way to score cheap auto insurance prices in Hawaii for eco-friendly vehicles is to pay attention while driving and have a clean driving record. The example below illustrates how violations and fender-benders can raise annual premium costs for different categories of driver ages. The premium estimates are based on a married female driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.
The chart shows that the average cost of an auto insurance policy per year with no accidents or violations is $1,461. Get two speeding tickets and the average cost jumps to $2,076, an increase of $616 each year. Then include two accidents along with the two speeding tickets and the yearly cost of auto insurance for electric cars jumps again to an average of $4,334. That’s an increase of $2,873, or $239 per month, just for not driving responsibly!