The words “economical” and “insurance” really don’t belong together, especially when you are shopping around for the cheapest coverage for handicapped drivers. To help control this cost, let’s teach you some of the things that can significantly affect auto insurance premiums, and find out if you can reduce the price of your next policy.
For drivers with handicaps, one of the largest things that are looked at to determine the amount you pay for auto insurance is where your residence is. Areas with a lot of weather claims or more people are more likely to have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower rates.
The illustration below ranks the highest-priced areas in Hawaii for handicapped drivers to buy an auto insurance policy in. Honolulu shows up at #4 having an annual price of $1,047 for the average policy, which is around $87 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Hilo | $1,098 |
| 2 | Kailua | $1,052 |
| 3 | Wahiawa | $1,047 |
| 4 | Honolulu | $1,047 |
| 5 | Waimalu | $1,047 |
| 6 | Pearl City | $1,047 |
| 7 | Waianae | $1,047 |
| 8 | Makakilo | $1,046 |
| 9 | Ewa Gentry | $1,046 |
| 10 | Kaneohe | $1,036 |
| 11 | Mililani Mauka | $1,036 |
| 12 | Wailuku | $1,026 |
| 13 | Royal Kunia | $1,026 |
| 14 | Kahului | $1,026 |
| 15 | Nanakuli | $1,016 |
| 16 | Kihei | $1,016 |
| 17 | Halawa | $1,016 |
| 18 | Kapolei | $1,016 |
| 19 | Mililani Town | $1,016 |
| 20 | Waipahu | $1,015 |
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Premium costs are estimated as specific Honolulu garaging address can decrease or increase coverage rates noticeably.
The type of vehicle needing coverage is probably the most important factor when looking for cheaper auto insurance for handicapped drivers. Vehicles with lots of speed or power, poor crash test ratings, or a history of substantial liability claims will cost substantially more to insure than more economical and safe models. The list below features insurance prices for a selection of the most economical vehicles to buy coverage for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Dodge Grand Caravan CV | $886 |
| Jeep Grand Cherokee Laredo 4WD | $934 |
| Toyota RAV4 Limited 2WD | $939 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $953 |
| Honda Civic LX 4-Dr Sedan | $965 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $967 |
| Honda CR-V LX 2WD | $969 |
| Toyota Camry XLE | $983 |
| Honda Odyssey EX-L W/Rear Entertainment | $988 |
| Ford Escape Limited 2WD | $991 |
| Nissan Rogue S 2WD | $1,001 |
| GMC Sierra SLE Crew Cab 4WD | $1,011 |
| Kia Optima LX | $1,001 |
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Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Premium amounts do not factor in Honolulu, HI location which can decrease or increase rates noticeably.
Based upon the table data, makes and models like the Dodge Grand Caravan, Jeep Grand Cherokee, Toyota RAV4, and Toyota Tacoma are the most budget-friendly vehicles to insure for drivers with handicaps.
How violations and accidents impact rates
In a perfect world, the ideal way to snag good auto insurance premiums in Hawaii for drivers with handicaps is to drive safe and avoid accidents and violations. The information below demonstrates how speeding tickets and at-fault accidents can raise insurance costs for different ages of insureds. The prices are based on a single male driver, full coverage, $100 deductibles, and no other discounts are factored in.
In the example above, the average cost of a car insurance policy per year with no accidents or violations is $1,523. Get two speeding tickets and the average cost rises to $2,020, an increase of $497 each year. Then add two accidents along with the two speeding tickets and the yearly cost of auto insurance for handicapped drivers jumps again to an average of $3,779. That’s an increase of $2,256, or $188 per month, just for a couple of infractions!
Liability-only versus full coverage
Paying less for auto insurance is probably important to most drivers, and one common way to pay less for insurance for handicapped drivers is to not pay for full coverage. The chart below visualizes the comparison of insurance prices with full physical damage coverage compared to only buying liability only. The prices are based on no violations or claims, $100 deductibles, drivers are single, and no discounts are applied to the premium.
If averaged for all ages, full coverage on your policy costs $1,523 per year more than just buying liability insurance. Many drivers may wonder when is the right time to remove full coverage. There isn’t a steadfast formula that is best for determining when to drop full coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of any settlement you would receive from your insurance company, then you might consider buying liability only.
The information below highlights how deductible selection can change annual premium costs when trying to find cheap insurance for handicapped drivers. The information is based on a single female driver, full physical damage coverage, and no discounts are applied to the premium.
In the chart above, a 40-year-old driver could save $292 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $442 by switching to a $1,000 deductible. Younger drivers, like the Age 20 chart data, have the ability to save $748 every year just by choosing higher deductibles when buying full coverage.
When using a larger deductible, it will be required to have enough funds in savings to allow you to cover the extra out-of-pocket expense, which deters some people from using high deductibles.