Who Has the Cheapest Honolulu Auto Insurance for 18 Year Olds?

The words “bargain” and “insurance” really don’t belong together, in particular when shopping around for the cheapest auto insurance for 18 year olds. To save some money, let’s introduce you to a few of the factors that impact car insurance premiums, and find some ways to lower the price of your next policy.

Comparing quotes for reasonably-priced car insurance is challenging, and determining which insurers offer the lowest-priced insurance rates for 18 year olds requires even more shopping around. Each auto insurance company has a proprietary formula for establishing rates, so first we will examine the insurance companies that tend to have lower prices in Honolulu, HI.

It’s important that you understand Honolulu, HI insurance rates are impacted by many factors that control the price you pay. Taking a driver safety course, buying a newer car, or getting a DUI can trigger rate changes resulting in some rates now being higher when they were quite affordable.

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USAA may offer some of the most affordable car insurance rates in Honolulu at around $936 a year. This is $660 less than the average rate paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive would also be considered some of the lowest-priced Honolulu, HI insurance companies.

As the rates illustrate above, if you are currently insured with State Farm and switched to USAA, you might achieve yearly savings of in the neighborhood of $184. Insureds with GEICO might save as much as $440 a year, and Liberty Mutual customers might reduce rates by $528 a year.

Remember that these prices are averaged across all drivers and vehicles and are not factoring in an exact location for 18 year olds. So the company that can offer you the lowest price may not even be in the list above. That underscores the importance of why you need to get car insurance quotes using your own driver data and vehicle information.

One of the more important considerations that determine the annual cost of car insurance is the neighborhood you call home in Honolulu. Areas with a lot of weather claims or more people likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims benefit from lower prices.

The next table ranks the highest-priced places in Hawaii for 18 year olds to buy an auto insurance policy in. Honolulu is listed at #11 having an annual price of $1,036 on average, which is about $86 each month.

How much is auto insurance in Honolulu, HI?
Rank City Premium Per Year
1 Hilo $1,109
2 Kailua $1,094
3 Ewa Gentry $1,057
4 Mililani Town $1,047
5 Halawa $1,047
6 Mililani Mauka $1,047
7 Schofield Barracks $1,047
8 Ewa Beach $1,046
9 Makakilo $1,046
10 Waianae $1,036
11 Honolulu $1,036
12 Royal Kunia $1,026
13 Lahaina $1,026
14 Kaneohe $1,016
15 Nanakuli $1,016
16 Wahiawa $1,016
17 Kapolei $1,016
18 Kahului $1,016
19 Waipahu $1,015
20 Pearl City $1,005
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Premium amounts are estimated as the specific area where the vehicle is garaged can alter rates considerably.

Ending up with the top insurance provider is difficult considering how many companies are available to choose from in Honolulu. The ranking information listed below can help you decide which car insurance companies you want to consider buying from. These rankings include large, nationwide insurance companies, so companies that focus mainly on Hawaii business are not factored into the list.

Honolulu, HI Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
Progressive 84 91 93 87% A+ 89.5
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Farmers Insurance 78 87 88 79% A 84.3
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Data Source: Insure.com Best Car Insurance Companies

Difference between liability only and full coverage rates

Buying cheaper insurance is important to the majority of vehicle owners, and one easy way to lower the cost of insurance for 18 year olds is to not insure for full coverage. The illustration below illustrates the difference between insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in Hawaii. Data assumes no claims, a clean driving record, $500 deductibles, single marital status, and no policy discounts are applied.

If we average the cost for ages 20 through 70, comprehensive and collision coverage on your policy costs an additional $1,253 per year more than just buying liability only. That amount may make you wonder if you should buy full coverage at all. There is no exact formula that is best for determining when to drop comp and collision coverage, but there is a guideline you can consider. If the annual cost of having full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

Illustration showing the impact of accidents and violations

The common sense way to get low insurance rates in Hawaii for teen drivers is to drive attentively and avoid accidents and keep your driving record clean. The information below demonstrates how traffic citations and at-fault collisions can influence insurance costs for each age group. The data assumes a single male driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.

The data above shows the average cost of a car insurance policy in Hawaii per year with no accidents or violations is $1,253. Get written up for one speeding ticket and the average cost hikes up to $1,414, an increase of $160 each year. Then add one accident along with the one speeding ticket and the annual cost of insurance for 18 year olds increases to an average of $1,854. That’s an increase of $601, or $50 per month, just for being a less-than-perfect driver!

If you aren’t sure which coverage to buy and prefer to have professional advice when comparing insurance rates for 18 year olds, the agents listed below can probably provide answers to your questions and help you determine which coverage fits your budget.

To locate an agency in your neighborhood, click the button at the bottom of the list.

View map of Honolulu, HI insurance agents

How to find budget-friendly auto insurance for 18 year olds

Below you’ll find some of the better thrifty solutions that can help Hawaii drivers find lower-cost coverage.

That last tip is remarkably necessary, as was noted in the prior article. Prices charged by companies in Honolulu vary considerably, so drivers shouldn’t hesitate to change to a new company if a more affordable rate is found. Loyalty to a specific company is fine, but it’s not recommended if that loyalty results in overpaying a small fortune. In just a few minutes you could compare prices and find cheaper auto insurance for 18 year olds.