Who Has the Cheapest Auto Insurance for Lyft Drivers in Honolulu?

The vehicle model requiring coverage is a large consideration when comparing quotes for the best insurance for Lyft drivers. Vehicles with higher performance, a lack of modern safety features, or a history of substantial liability claims will cost quite a bit more to insure than safer models.

The table below features car insurance prices for a handful of the more affordable vehicles to insure.

Cheapest Vehicles to Insure in Honolulu, HI
Vehicle Insured Estimated Cost for Full Coverage
Honda CR-V LX 4WD $886
Ford Escape Limited 2WD $907
Honda Accord LX-P 4-Dr Sedan $973
Toyota RAV4 Limited 4WD $1,053
Chevrolet Malibu LS $1,060
Chevrolet Equinox LS 2WD $1,053
Honda Odyssey LX $1,064
Dodge Grand Caravan SXT $1,072
Toyota Prius $1,111
Jeep Grand Cherokee Limited 4WD $1,128
Hyundai Sonata GLS 4-Dr Sedan $1,134
Nissan Rogue S AWD $1,128
Toyota Tacoma 2WD $1,136
Volkswagen Jetta 2.0T Station Wagon $1,166
Ford Explorer Limited 4WD $1,174
GMC Sierra SLE Regular Cab 2WD $1,185
Toyota Camry Hybrid $1,202
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Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Price estimates do not factor in vehicle location which can increase or decrease insurance rates substantially.

Looking at the data, cars like the Honda CR-V, Ford Escape, and Honda Accord are most likely to be the more affordable vehicles to insure for Lyft vehicles.

One of the many criteria that are used to help calculate car insurance rates is your address in Honolulu. Areas with a lot of weather claims or more people tend to have more expensive car insurance rates, whereas areas that tend to be more rural tend to receive slightly lower rates.

The following table sorts the most expensive places in Hawaii for Lyft drivers in which to purchase auto insurance. Honolulu is ranked #5 with an annual cost of $1,047 for car insurance, which is around $87 per month.

How much does car insurance cost in Honolulu, HI?
Rank City Premium Per Year
1 Hilo $1,109
2 Kailua $1,052
3 Mililani Mauka $1,047
4 Kapolei $1,047
5 Honolulu $1,047
6 Ewa Gentry $1,046
7 Makakilo $1,046
8 Waipahu $1,046
9 Waimalu $1,036
10 Schofield Barracks $1,036
11 Mililani Town $1,036
12 Halawa $1,036
13 Lahaina $1,026
14 Royal Kunia $1,026
15 Nanakuli $1,016
16 Wahiawa $1,016
17 Ewa Beach $1,015
18 Waianae $1,005
19 Kaneohe $1,005
20 Pearl City $1,005
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Rate quotes are approximated as the specific zip code location can revise price quotes greatly.

The chart below shows how choosing a deductible can influence yearly insurance costs when getting quotes for cheap insurance for Lyft drivers. The rates are based on a married male driver, full coverage, and no additional discounts are factored in.

The chart above illustrates that a 40-year-old driver could lower their car insurance rates by $184 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $280 by switching to a $1,000 deductible. Youthful drivers, such as the 20-year-old example, could shave up to $616 each year by choosing larger deductibles on their policy.

When raising deductibles, it will be necessary to have additional savings on hand to allow you to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Picking a highly-rated insurer can be rather challenging considering how many different companies sell coverage in Honolulu. The company information listed below could help you pick which car insurance companies you want to consider purchasing coverage from.

These ratings include the largest companies in the United States, so companies with more of a regional focus are not factored into this list. To compare prices from these and other competitive companies, simply click here.

Top 10 Major Car Insurance Companies in Honolulu Ranked by Claims Service

  1. State Farm
  2. Esurance
  3. AAA Insurance
  4. Progressive
  5. GEICO
  6. Liberty Mutual
  7. Allstate
  8. The Hartford
  9. Farmers Insurance
  10. Safeco

Top 10 Major Car Insurance Companies Overall in Honolulu

  1. USAA
  2. American Family
  3. State Farm
  4. The Hartford
  5. AAA Insurance
  6. GEICO
  7. Progressive
  8. Allstate
  9. Nationwide
  10. Liberty Mutual

The importance of comparing Honolulu car insurance rates

Honolulu insurance rates are impacted by many things that may substantially change the cost of a policy. Improving your credit rating, getting married, or getting a DUI can produce rate changes that can make some companies cheaper than competitors. In addition to those changes, car insurance companies change their prices as needed to help ensure profitability. A period of increased losses can result in higher priced premiums, while lower claim levels can cause cheaper Honolulu car insurance rates.

As an example, the bar chart below shows a variety of companies that have the cheapest car insurance in Honolulu, HI for a 35-year-old female driver with no violations or accidents, and solid credit. If we compare prices based on her current rating profile, USAA offers the most affordable car insurance rates in Honolulu at $1,013 a year. This is $583 less than the average policy premium paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive round out the rest of the cheapest Honolulu, HI auto insurance companies.

In the next rate comparison, we’ll give the driver in the first chart a chargeable claim, a lower credit score, and a speeding citation. Because every insurance company has a unique formula to set premium rates, comparing insurance quotes most likely will result in a different list of affordable companies as shown below.

State Farm now has the cheapest insurance rate in Honolulu with USAA, Liberty Mutual, GEICO, and Allstate completing the list. This example demonstrates why drivers need to compare many different companies when trying to find the most economical insurance rates for Lyft drivers.

Auto insurance prices are made up of many risk factors and change dramatically, so the most economical option the last time you shopped your coverage around may now be priced much higher than other options.

The Honolulu auto insurance agencies shown below are a good start to provide answers to your questions and help you determine which car insurance company is the best fit, since lots of people like to have some professional guidance when shopping for cheaper insurance for Lyft vehicles. It’s not always simple to find the cheapest rates, so getting advice from a licensed agent can add comfort knowing you have sufficient protection if you have a claim. To locate a Honolulu car insurance agency close to where you live, click the button at the bottom of the list or click here to get price quotes now.

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