The type of vehicle to be insured is probably the most important factor when consumers are trying to find cheap coverage for active military. Vehicles with reasonable performance levels, a plethora of safety features, or a low likelihood of liability claims will cost much less to insure than fast, unsafe models. The information below presents coverage costs for a selection of the cheapest automobiles to insure.
|Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$789|
|Honda CR-V LX 4WD||$904|
|Ford Focus SE 4-Dr Sedan||$916|
|Chevrolet Equinox LT 2WD||$934|
|Chevrolet Silverado LS Extended Cab 4WD||$944|
|Dodge Grand Caravan Hero||$934|
|Ford Fusion S 4-Dr Sedan||$941|
|Nissan Altima 2.5 4-Dr Sedan||$934|
|Ford Explorer Eddie Bauer 4WD||$953|
|Hyundai Elantra SE Touring Station Wagon||$981|
|Chevrolet Impala LTZ||$983|
|Chevrolet Silverado 2500HD LT Crew Cab 4WD||$1,008|
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Data based on 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, multi-vehicle, safe-driver, multi-policy, and homeowner. Rates do not factor in vehicle garaging location which can revise price quotes greatly.
By looking at the data, cars like the Ford Escape, Honda CR-V, Ford Focus, Chevrolet Equinox, and Chevrolet Silverado are going to be some of the more affordable vehicles to insure for military personnel.
Determining which insurers offer the cheapest insurance rates for active military calls for a tad more effort than just quoting one company’s rates. Each auto insurance company uses their own method to set policy rates, so we’ll go over the overall cheapest insurance companies in Honolulu.
It’s important that readers know that Hawaii insurance rates are calculated based on many things that control the price you have to pay. Simply having a birthday, buying a home instead of renting, or getting a driving violation may generate price changes that can now make some companies cheaper than before.
Find the Cheapest Car Insurance for Military
|Rank||Company||Cost Per Year|
|6||First of Hawaii||$1,928|
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USAA may offer some of the most affordable car insurance rates in Honolulu at around $926 annually. State Farm, GEICO, Liberty Mutual, and Progressive also are some of the cheaper Honolulu, HI auto insurance companies.
As shown in the rates above, if you currently have a policy with Liberty Mutual and switched to State Farm, you might achieve yearly savings of approximately $297. Drivers with Progressive might save as much as $451 a year, and First of Hawaii customers might lower prices by $819 a year.
Understand that those estimates are averages for all insureds and vehicles and and are not figured with a specific location for active military. So the company that fits your needs best may not even be in the list above. That point stresses why you need to compare rates from multiple companies using your own driver and vehicle profiles.
The chart below demonstrates how choosing different deductibles can impact yearly insurance costs when researching cheap insurance for active military. The rate quotes are based on a single female driver, full coverage, and no discounts are factored in.
A 30-year-old driver could lower rates by $336 a year by switching from a $100 deductible up to a $500 deductible, or save $506 by choosing a $1,000 deductible. Even younger insureds, such as the 20-year-old chart data, can cut as much as $748 each year by choosing a higher deductible. If you make the decision to raise deductibles, it will be important to have enough in a savings account to allow you to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Picking the right car insurance company can be difficult considering how many companies sell insurance in Hawaii. The company rank data in the lists below could help you pick which car insurance companies you want to consider comparing price quotes from.
The rankings below are only made up of the largest auto insurers in America, so companies without a large exposure will not be included in this list. To view rates from the insurers below and more, click this link.
Top 10 Large Auto Insurers Overall in Honolulu
- American Family
- State Farm
- The Hartford
- AAA Insurance
- Liberty Mutual
Top 10 Large Auto Insurers in Honolulu Ranked by A.M. Best Rating
- USAA – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Progressive – A+
- The Hartford – A+
- AAA Insurance – A
- Liberty Mutual – A
Your low-price policy may be costing you money
Honolulu insurance rates are based on many factors that can increase the cost of having a policy. Simply having another birthday, buying a different vehicle, or having an accident can trigger price changes resulting in some rates now being more affordable than others.
Additionally, companies change prices multiple times each year as an adjustment for underwriting gains or losses. An extended period of higher than normal claims can cause rate increases, while a better loss history can produce more affordable Honolulu car insurance rates.
The graph below shows the cheapest car insurance in Honolulu, HI for a 45-year-old male driver with no violations or accidents, and great credit. When comparing rates based on his personal profile, USAA may offer the most affordable car insurance rates in Honolulu at $934 per year. This is $662 less than the average price paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive are the remaining most affordable Honolulu, HI auto insurance companies.
In this next rate comparison, we will give the driver from the first example a chargeable claim, less-than-perfect credit, and a blemish on his driving record. Due to the fact that every insurance company uses their own calculation for determining rates, comparing quotes could now result in a different list of the cheapest car insurance companies in Honolulu as shown below.
State Farm now has the cheapest rate in Honolulu with USAA, Liberty Mutual, GEICO, and First of Hawaii now being in the top five. This demonstrates why it is critical to perform a complete rate comparison when trying to find the lowest auto insurance rates for active military. Car insurance prices can be altered by many risk factors and can increase or decrease at any time, so the most economical company the last time you compared rates may now be priced much higher than other options.