Shopping around for budget car insurance is not easy, and deciding which companies have the cheapest insurance rates for teachers takes even more shopping around. Every auto insurer uses their own calculation for establishing rates, so let's take a look at the most affordable insurance companies in Hawaii.
Keep in mind that Honolulu insurance rates are influenced by many factors that can increase the price you have to pay. Simply improving your credit, getting divorced, or getting a ticket for running a stop sign may cause policy rate changes that can cause some rates to be much higher than others.
Best Cheap Insurance Rates for Educators
|Rank||Company||Cost Per Year|
|7||First of Hawaii||$1,987|
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USAA generally has some of the cheapest car insurance rates in Honolulu at around $936 per year. This is $660 less than the average rate paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive are also some of the more affordable Honolulu, HI car insurance companies.
In the above rates, if you have coverage with Liberty Mutual and switched to USAA, you might achieve a yearly price reduction of in the vicinity of $470. Hawaii drivers with Progressive may save as much as $640 a year, and Allstate policyholders might realize rate reductions of up to $970 a year.
Remember that these premiums are averages for all drivers and vehicles in Hawaii and do not take into consideration a specific zip code for teachers. So the company that is best for you may not even be in the list above. That emphasizes why you need to get rate quotes using your own personalized driver profile and vehicle information.
For teachers and educators, one of the largest things that determine the amount you pay for auto insurance is your address. Larger areas are more likely to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of cheap car insurance rates.
The illustration below sorts the highest-priced places in Hawaii for teachers to buy an auto insurance policy in. Honolulu is listed at #7 with an annual rate of $1,036 for the average policy, which is approximately $86 each month.
|Rank||City||Average Per Year|
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Annual rates are comparative as specific location information can change price quotes greatly.
The vehicle model driven is one of the main factors when trying to find low-cost auto insurance for teachers. Vehicles with lots of horsepower, a lack of advanced safety features, or an increased likelihood of liability claims will cost substantially more to insure than safer models.
The information below showcases coverage premiums for the most affordable automobiles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$973|
|Honda Accord LX-P 4-Dr Sedan||$978|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$975|
|Honda CR-V LX 2WD||$1,002|
|Ford Edge SEL AWD||$1,032|
|Toyota Tacoma Double Cab 4WD||$1,072|
|Hyundai Elantra SE 4-Dr Sedan||$1,109|
|Chevrolet Silverado LS Crew Cab 4WD||$1,128|
|Toyota Corolla XRS||$1,133|
|Volkswagen Jetta SEL 4-Dr Sedan||$1,128|
|Nissan Rogue S AWD||$1,137|
|Ford Explorer XLT AWD||$1,130|
|Dodge Ram Crew Cab ST 4WD||$1,147|
|Ford Fusion S 4-Dr Sedan||$1,151|
|Ford Focus SE 4-Dr Sedan||$1,157|
|Toyota RAV4 4WD||$1,185|
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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 claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Premium costs do not factor in specific garaging location which can influence coverage prices greatly.
Looking at the rates, we can presume that cars like the Ford Escape, Honda Accord, Jeep Wrangler, Honda CR-V, and Ford Edge will be some of the most economical vehicles to insure for teachers and educators.
Full coverage versus liability only rates
Saving money on insurance is the goal of most people, and one great way to save on the cost of insurance for teachers is to buy liability only. The information below visualizes the comparison of insurance costs when comparing full coverage to liability only. The data assumes a clean driving record, no claims, $250 deductibles, marital status is single, and no other discounts are factored in.
As an average, full coverage on your policy costs an extra $1,543 per year over having just liability coverage. A very common question is when is it safe to stop buying full coverage. There is no clear-cut rule to delete comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.
For example, let's pretend your vehicle's replacement cost is $4,500 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $3,500 after paying your deductible. If premiums are more than $350 annually to have full coverage, the it may be a good time to stop paying for full coverage.
How to get discounts on Honolulu auto insurance rates
Auto insurance companies that offer quotes for teachers may also give you special discounts that could potentially reduce rates by 40% or more if you qualify for them. A list of insurance companies and some of the premium reductions they offer are detailed below.
- Progressive has discounts for online quote discount, multi-policy, online signing, continuous coverage, and homeowner.
- AAA may include discounts for good student, multi-car, pay-in-full, education and occupation, and AAA membership discount.
- Farmers Insurance offers discounts including multi-car, early shopping, alternative fuel, good student, and teen driver.
- GEICO policyholders can earn discounts including defensive driver, federal employee, five-year accident-free, military active duty, and anti-theft.
- Esurance discounts include Switch & Save, emergency road assistance, online quote, multi-policy, paid-in-full, and claim free.
- SAFECO may have discounts that include teen safety rewards, safe driver, homeowner, multi-car, and bundle discounts.
- State Farm has savings for multiple autos, passive restraint, Steer Clear safe driver discount, defensive driving training, good driver, and multiple policy.
The diagram below illustrates the difference between insurance rates with and without discounts applied to the policy premium. Data assumes a female driver, no violations or claims, Hawaii state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with claim-free, accident-free, anti-theft, marriage, multiple policy, and multiple vehicle discounts applied. When drivers take advantage of discounts, the average amount saved each year on insurance for teachers is 28% or $398.
Tips for buying the cheapest auto insurance for teachers
It is possible to find better rates, and here are many thrifty ideas that can help drivers quote lower-cost auto insurance.
- Pay less by remaining claim-free
- Vehicles with good safety ratings have lower liability rates
- Be a cautious driver
- Pay lower rates with good credit
- Drive attentively and avoid accidents
- Compare rates and switch if you can find a better deal
The last tip is remarkably valuable, as we noted in the article above. Rates fluctuate considerably, so don't be unwilling to change to a new company if a better rate can be found.
Loyalty to a specific company is fine, but it's not a good idea if that loyalty ends up costing thousands of dollars over the life of your policy. Now is a great time to compare rates and find cheaper auto insurance for teachers in Honolulu.