The car, truck, or SUV on the policy is a large factor when quoting the best coverage for welfare recipients. Vehicles with high performance, a lack of advanced safety features, or a high likelihood of having liability claims will cost much more to insure than more modest models. The table below illustrates insurance costs for a handful of the most cost-effective vehicles to insure in Hawaii.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$885|
|Honda Accord LX 4-Dr Sedan||$923|
|Honda CR-V EX 2WD||$932|
|Toyota RAV4 Sport 2WD||$954|
|Ford Focus SEL 4-Dr Sedan||$985|
|Toyota Camry SE||$1,003|
|Jeep Grand Cherokee SRT-8 4WD||$1,027|
|Nissan Rogue S 2WD||$1,025|
|Dodge Grand Caravan SE||$1,036|
|Hyundai Sonata SE 4-Dr Sedan||$1,074|
|Ford Escape Limited 4WD||$1,076|
|Ford Fusion Sport AWD 4-Dr Sedan||$1,089|
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Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Premium costs do not factor in specific location information which can modify rates considerably.
Looking at the numbers, you can figure that makes and models like the Jeep Wrangler, Honda Accord, Honda CR-V, Toyota RAV4, and Ford Focus are a few of the most affordable vehicles to insure for drivers on welfare.
Finding good, cost effective auto insurance is tough enough, and determining which company offers the best auto insurance rates for welfare recipients requires more quotes for comparison. Every insurance company uses their own calculation for setting prices, so let’s take a look at the most affordable auto insurance companies in Hawaii.
It’s a good idea to know that Honolulu, HI auto insurance rates are impacted by many factors that control the policy premium. Simply improving your credit, moving to a different location, or having an at-fault accident can cause premium changes that can now make some companies higher when they were quite affordable.
Find the Best Cheap Insurance in Hawaii
|Rank||Company||Cost Per Year|
|7||First of Hawaii||$1,928|
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USAA has some of the cheapest car insurance rates in Honolulu at around $936 annually. This is $660 less than the average rate paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive also qualify as some of the cheapest Honolulu, HI car insurance companies.
As shown in the table above, if you have coverage with Progressive and switched to State Farm, you could see an annual premium reduction of in the neighborhood of $499. Drivers with Allstate could save as much as $817 a year, and First of Hawaii policyholders might lower prices by up to $819 a year.
Understand that those policy rates are averages for all drivers and vehicles and and are not calculated with a vehicle location for welfare recipients. So the auto insurance company that fits your age and vehicle best may not even be in the list above. That underscores the importance of why you need to compare as many prices as possible using your own driver information and specific vehicle type.
Auto insurance rates are higher with tickets and accidents
One of the best ways to obtain low auto insurance prices in Honolulu for drivers on welfare is to drive attentively and not have accidents or get tickets. The diagram below shows how traffic citations and accident claims can influence auto insurance rates for different age groups. The rate quotes are based on a married male driver, full coverage, $100 deductibles, and no discounts are factored in.
The data above shows the average cost of an auto insurance policy per year with no accidents or violations is $1,303. Get one speeding ticket and the average cost rises to $1,493, an increase of $190 each year. Now add two accidents along with the one speeding ticket and the yearly cost of auto insurance for welfare recipients increases to an average of $3,099. That’s an increase of $1,796, or $150 per month, just for not being more responsible behind the wheel!
Which auto insurance company is best in Honolulu?
Ending up with a good quality car insurance company can be rather challenging considering how many companies provide coverage in Honolulu. The company information in the lists below can help you analyze which car insurance providers you want to consider purchasing from.
These rankings are only made up of major nationwide insurance companies, so smaller companies that only insure vehicles in Hawaii are not factored into these rankings. If you’d like to compare prices from the most competitive companies in Hawaii, just click here.
Top 10 Large Auto Insurance Companies Overall in Honolulu
- American Family
- State Farm
- The Hartford
- AAA Insurance
- Liberty Mutual
Discount Honolulu car insurance
Auto insurance companies that offer coverage for welfare recipients may also give you policy discounts that can lower rates by as much as 40% or more if you qualify. A list of auto insurance companies and some of the premium reductions they offer are shown below.
- State Farm may include discounts for multiple policy, accident-free, Drive Safe & Save, safe vehicle, good student, and anti-theft.
- American Family policyholders can earn discounts including Steer into Savings, defensive driver, mySafetyValet, air bags, and accident-free.
- GEICO offers discounts including five-year accident-free, daytime running lights, multi-policy, anti-theft, and air bags.
- 21st Century offers discounts for anti-lock brakes, 55 and older, air bags, student driver, driver training, defensive driver, and teen driver.
- Progressive discounts include continuous coverage, online signing, multi-policy, good student, homeowner, and online quote discount.
The example below shows the difference between annual premium costs with and without discounts applied to the policy rates. The costs are based on a male driver, no claims or driving violations, Hawaii state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with safe-driver, multiple policy, marriage, defensive driving course, claim-free, and anti-theft discounts applied. When discounts are factored in, theamount saved on auto insurance for welfare recipients is 28% or $309.
Why are you paying too much for Honolulu car insurance?
Hawaii auto insurance rates are impacted by many things that may substantially change the price you pay. Getting older, buying a new vehicle, or getting into an accident can produce rate changes that can now make some companies cheaper than others.
In addition, insurers change rates multiple times each year in order to offset underwriting gains or losses. A period of higher than normal claims can result in higher rates, while a lower level of claims can produce lower-priced Honolulu car insurance rates.
For example, the chart below analyzes the cheapest car insurance in Honolulu, HI for a 40-year-old female driver with no accidents or violations, and good credit. When comparing rates based on her current risk factors, USAA offers the lowest car insurance rates in Honolulu at $954 each year. This is $642 less than the average rate paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive are the rest of the best Honolulu, HI auto insurance companies.
Let’s now give the driver from the first example a claim, a lower credit rating, and a traffic ticket or two. Because each company uses their own formula for setting prices, comparing rates may now show a completely different list of the cheapest car insurance companies in Honolulu as shown below.
State Farm now has the cheapest auto insurance in Honolulu with USAA, Liberty Mutual, GEICO, and First of Hawaii also being competitive. This example proves why Honolulu drivers need to shop around to find affordable auto insurance rates for welfare recipients.
Insurance prices are calculated by many risk factors and change frequently, so the lowest-price company a year ago may now not even be in the top five.