Wouldn’t it be great if we could magically tell you the one perfect company that has the cheapest insurance for 17 year olds? Regrettably, it’s not quite that easy, as there are many unknowns like if you own or rent your home, the safety features built into your vehicle, and if you want full coverage included, that help determine the price you have to pay. This article should teach you a little about the different scenarios that increase car insurance cost and also should give you some help in finding cheaper rates.
The type of vehicle driven is one of the biggest factors when trying to find low-cost auto insurance for 17 year olds. Vehicles with lower performance, good crash test ratings, or a positive history of liability claims will cost much less to insure than high performance models. The next table outlines insurance costs for the most affordable automobiles to insure.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $3,583 |
| Ford Escape Limited 4WD | $3,855 |
| Toyota Prius | $3,893 |
| Dodge Grand Caravan CV | $4,014 |
| Honda Civic DX 4-Dr Sedan | $4,213 |
| Toyota RAV4 4WD | $4,250 |
| Chevrolet Malibu Hybrid | $4,256 |
| Chevrolet Equinox LT AWD | $4,250 |
| Chevrolet Impala LT | $4,257 |
| Ford Explorer Eddie Bauer AWD | $4,288 |
| Toyota Tacoma Double Cab 4WD | $4,296 |
| Ford F-150 XLT Crew Cab 4WD | $4,288 |
| Chevrolet Silverado LS Regular Cab 2WD | $4,324 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $4,405 |
| Honda Odyssey EX-L W/Rear Entertainment | $4,483 |
| Toyota Corolla LE | $4,493 |
| Hyundai Elantra SE 4-Dr Sedan | $4,483 |
| Ford Edge Limited AWD | $4,489 |
| Nissan Altima 2.5 S 4-Dr Sedan | $4,483 |
| Ford Fusion Sport 4-Dr Sedan | $4,521 |
| Jeep Grand Cherokee Limited 2WD | $4,528 |
| Volkswagen Jetta 2.0T 4-Dr Sedan | $4,521 |
| GMC Sierra SLE Extended Cab 4WD | $4,528 |
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Data based on single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in vehicle location which can lower or raise coverage rates significantly.
Looking at the rates, we can assume that vehicles like the Honda CR-V, Ford Escape, and Toyota Prius are a few of the more affordable vehicles to insure for teen drivers. The price for car insurance will tend to be more expensive because there is more liability exposure for 17 year olds, but in general those particular vehicles will most likely have the lowest insurance rates that you are likely to find.
For teen drivers, one of the big components that are used to help calculate the price you pay for insurance is the neighborhood you call home. Areas with a lot of weather claims or more people tend to have more expensive auto insurance rates, whereas areas that tend to be more rural have the enjoyment of a little cheaper coverage.
The following table lists the most expensive areas in Hawaii for 17 year olds to purchase a policy in. Honolulu ranks #6 having an annual price of $1,047 for the average policyholder, which is around $87 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Hilo | $1,109 |
| 2 | Kailua | $1,084 |
| 3 | Ewa Beach | $1,057 |
| 4 | Royal Kunia | $1,057 |
| 5 | Halawa | $1,047 |
| 6 | Honolulu | $1,047 |
| 7 | Kaneohe | $1,047 |
| 8 | Pearl City | $1,047 |
| 9 | Wahiawa | $1,047 |
| 10 | Waianae | $1,047 |
| 11 | Waipahu | $1,046 |
| 12 | Mililani Town | $1,036 |
| 13 | Kapolei | $1,036 |
| 14 | Wailuku | $1,026 |
| 15 | Makakilo | $1,026 |
| 16 | Schofield Barracks | $1,016 |
| 17 | Ewa Gentry | $1,015 |
| 18 | Mililani Mauka | $1,005 |
| 19 | Nanakuli | $1,005 |
| 20 | Waimalu | $1,005 |
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Rate information is approximated as specific Honolulu zip code can increase or decrease premiums significantly.
Honolulu car insurance company ratings
Buying coverage from a highly-rated auto insurance provider can be rather challenging considering how many different companies sell coverage in Honolulu. The company information shown below could help you analyze which coverage providers to look at shopping your coverage with.
These ratings only include the largest auto insurers in America, so companies without a large exposure will not be included in the list. To check prices from many more Hawaii auto insurance companies, just click here.
Top 10 Major Car Insurance Companies 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
Top 10 Major Car Insurance Companies in Honolulu Ranked by Value
- USAA
- American Family
- The Hartford
- State Farm
- AAA Insurance
- Nationwide
- Safeco
- Esurance
- Allstate
- Liberty Mutual
Types of discounts on Honolulu insurance rates
Insurance companies that sell policies for 17 year olds may also offer special discounts that could lower prices by as much as 35% if you meet specific eligibility requirements. Large car insurance companies and their offered discounts are:
- American Family has discounts for mySafetyValet, bundled insurance, air bags, accident-free, good student, and good driver.
- Nationwide has savings for family plan, anti-theft, accident-free, business or organization, and multi-policy.
- MetLife offers discounts including claim-free, multi-policy, good driver, accident-free, and defensive driver.
- 21st Century may offer discounts for anti-lock brakes, driver training, early bird, good student, automatic seat belts, air bags, and teen driver.
- Farmers Insurance policyholders can earn discounts including teen driver, early shopping, bundle discounts, youthful driver, homeowner, and business and professional.
- Allstate includes discounts for senior citizen, early signing, good payer, anti-theft, and anti-lock brakes.
The information below illustrates the comparison of annual premium costs with and without discounts. The premiums are based on a female driver, no accidents or driving violations, Hawaii state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with paperless filing, passive restraint, anti-theft, good student, paid-in-full, and vehicle safety discounts applied. When drivers qualify for the discounts, theaverage amount saved on car insurance for 17 year olds is 28% or $674.
The information below demonstrates how deductible levels can change insurance rates when trying to find cheap insurance for 17 year olds. The rates are based on a married female driver, full coverage, and no additional discounts are factored in.
In the chart above, a 50-year-old driver could lower rates by $180 a year by switching from a $100 deductible up to a $500 deductible, or save $272 by changing to a $1,000 deductible. Younger drivers, like the 20-year-old, could drop their prices as much as $450 annually by using a higher deductible. When choosing a higher deductible, it will now be necessary to have enough spare savings to be able to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
The Honolulu auto insurance agencies shown below can probably help you decide which policy fits your needs best, since lots of drivers aren’t clear which coverage they need and would like to have some professional guidance when comparing insurance rates for 17 year olds. It can be challenging to find the cheapest rates, and using a licensed agent can give you peace of mind knowing your coverage gives you sufficient coverage at claim time.
To locate a Honolulu insurance agent in your neighborhood, click the button at the bottom or click here to compare price quotes now.
- Anita Butay Diniega
1088 Bishop St #2210 – Honolulu, HI 96813 – (808) 841-5915 - Insurance Associates, Inc.
800 Bethel St # 200 – Honolulu, HI 96813 – (808) 538-6938 - Cornerstones Financial and Insurance Agency
250 Ward Ave #220 – Honolulu, HI 96814 – (808) 626-5068
More Honolulu, HI insurance agents
Ideas for finding more affordable car insurance for 17 year olds
The list below shows some thrifty suggestions that can help Honolulu drivers buy cheaper coverage.
- Maintaining good credit helps earn cheaper rates
- Vehicles with good safety ratings are usually cheaper to insure
- Increase your comprehensive and collision deductibles
- If your vehicles are older, consider dropping full coverage
- Claim-free drivers earn discounts
- Save money by bundling your home and auto policies
- Comparison shop frequently
The last tip in the list is extremely significant, as we hit on in the prior information. Prices charged by auto insurers can change in a short period of time, so don’t hesitate to buy a different policy if a cheaper price is available.
Many drivers prefer to stick with one company, but it’s not recommended if that devotion results in you overpaying a fortune every year. Spend a few minutes and compare rates to find cheaper insurance for 17 year olds in Honolulu.