In an ideal world, we could just tell you the one company in Honolulu that has the best insurance prices in Hawaii. It’s not that simple, unfortunately, as there are a whole bunch of unknown aspects like how high your deductibles should be, your financial responsibility, and if you have a coverage lapse, that all go into determining the rate you pay. This article will cover these factors and others that can influence the price of auto insurance and will hopefully give you a good start to your coverage search.
The vehicle driven is one of the primary factors that determines the availability of low-priced coverage for young drivers. Vehicles with limited top-end speed, excellent safety ratings, or a low likelihood of liability claims will cost significantly less to insure than adrenaline junky models.
The next table illustrates insurance rates for some of the cheaper vehicles to insure.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 4WD | $3,172 |
| Ford Escape Limited 4WD | $3,364 |
| Honda Accord EX-L 4-Dr Sedan | $3,374 |
| Toyota Prius | $3,392 |
| Ford F-150 STX Super Cab 2WD | $3,507 |
| Volkswagen Jetta SE 2.5 Station Wagon | $3,582 |
| Jeep Grand Cherokee Laredo 4WD | $3,729 |
| Chevrolet Impala LT | $3,734 |
| Chevrolet Equinox LT 2WD | $3,729 |
| Toyota RAV4 Sport 4WD | $3,738 |
| Dodge Grand Caravan SXT | $3,758 |
| Ford Explorer Limited 4WD | $3,765 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $3,758 |
| Ford Focus SEL 4-Dr Sedan | $3,889 |
| Toyota Corolla XLE | $3,919 |
| Ford Edge Limited AWD | $3,926 |
| Honda Odyssey EX-L | $3,919 |
| Hyundai Elantra GLS 4-Dr Sedan | $3,928 |
| Nissan Altima Hybrid 4-Dr Sedan | $3,947 |
| Chevrolet Silverado LT Crew Cab 4WD | $3,953 |
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Above prices assume single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include claim-free, and safe-driver. Estimates do not factor in your specific Honolulu, HI location which can change premium rates substantially.
Based upon these rates, models like the Honda CR-V, Ford Escape, and Honda Accord will definitely be the most affordable vehicles to insure for youthful drivers. The cost of a car insurance policy will be more costly because of the fact that there is more claim risk for young drivers, but overall those particular vehicles will tend to have the lowest prices that you’ll find.
Figuring out which insurers offer the best insurance rates for young drivers calls for a tad more effort in order to find a policy that fits your budget. Every car insurance company uses a little different formula for establishing rates, so let’s take a look at the insurance companies that tend to be cheaper in Honolulu.
It’s important that you understand Honolulu, HI insurance rates are based on many factors that may substantially change the price you have to pay for coverage. Turning one year older, marrying your spouse, or having a fender bender can produce rate changes that can now make some companies more affordable than the competition.
Find Cheaper Car Insurance for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $954 |
| 2 | State Farm | $1,076 |
| 3 | GEICO | $1,335 |
| 4 | Liberty Mutual | $1,406 |
| 5 | Progressive | $1,560 |
| 6 | Allstate | $1,906 |
| 7 | First of Hawaii | $1,928 |
| 8 | AIG | $2,397 |
| View More Rates Go | ||
USAA has some of the most affordable car insurance rates in Honolulu at around $954 per year. State Farm, GEICO, Liberty Mutual, and Progressive would also make the list of some of the best Honolulu, HI auto insurance companies.
As depicted above, if you currently have coverage with Progressive and switched to State Farm, you could realize annual savings of about $484. Customers with Allstate might save as much as $830 a year, and First of Hawaii insureds might lower prices by $852 a year.
To discover how much you can save, click here to begin a quote or click several companies below for low rates.
These estimates are averages across all types of insureds and vehicles and do not factor in an exact vehicle garaging location for young drivers. 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 quotes using your own driver information and specific vehicle type.
Hawaii insurance companies
Finding the highest-rated insurer can be challenging considering how many companies there are in Hawaii. The ranking information in the lists below can help you decide which car insurance companies you want to consider when buying insurance for young drivers.
The ratings below are for companies with a nationwide focus, so smaller companies that only insure vehicles in Hawaii are not factored into this list. If you’d like to compare prices from the insurers below and more, click this link.
| 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 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Get discount Honolulu insurance
Auto insurance companies that offer quotes for young drivers may have special discounts that could potentially reduce rates by 35% or more if you meet certain criteria. Companies and their possible discounts are detailed below.
- GEICO may offer discounts for emergency military deployment, anti-theft, daytime running lights, multi-vehicle, good student, military active duty, and defensive driver.
- USAA has discounts for multi-policy, multi-vehicle, vehicle storage, safe driver, family discount, loyalty savings, and military installation.
- Progressive has savings for online signing, online quote discount, multi-vehicle, homeowner, and good student.
- American Family offers premium reductions for mySafetyValet, Steer into Savings, good student, bundled insurance, early bird, TimeAway discount, and multi-vehicle.
- Esurance may have discounts that include anti-lock brakes, anti-theft, paid-in-full, DriveSense, and multi-car.
- Farmers Insurance offers discounts including electronic funds transfer, pay in full, mature driver, teen driver, and homeowner.
- State Farm discounts include Steer Clear safe driver discount, defensive driving training, multiple policy, accident-free, good student, multiple autos, and anti-theft.
The chart below visualizes the comparison of insurance prices with and without discounts applied to the premium. The rate quotes are based on a male driver, no driving violations, no at-fault accidents, Hawaii state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with paperless filing, passive restraint, paid-in-full, good student, vehicle safety, and anti-theft discounts applied. When drivers take advantage of discounts, theamount saved on insurance for young drivers is 28% or $745.
Why you are probably overpaying for car insurance
Honolulu, HI insurance rates are calculated based on many things that may substantially change the price you have to pay for coverage. Simply getting older, increasing deductibles, or getting a DUI may generate price changes that may make certain companies cheaper in comparison to the competition. Not only that, but insurers modify pricing every year or even multiple times each year to adjust for gains or losses. Higher than normal claims may result in higher prices, while profitable underwriting can result in lower-priced Honolulu car insurance rates.
The chart below shows the companies that have the cheapest car insurance in Honolulu, HI for a 40-year-old male driver with no accidents or violations, and good credit. If we compare prices based on his current risk factors, USAA has the cheapest car insurance rates in Honolulu at $973 annually. This is $623 less than the average premium paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive are also included in the top five cheapest Honolulu, HI auto insurance companies.
In the next rate comparison, we’ll give the driver from above an accident surcharge, a lower credit score, and a blemish on his driving record. Since every car insurance company uses their own formula for setting prices, comparing quotes most likely will result in a different list of affordable companies as shown below.
State Farm now has the cheapest auto insurance in Honolulu, HI with USAA, GEICO, First of Hawaii, and Liberty Mutual also being competitive. This example demonstrates why Hawaii drivers need to shop around to find the lowest auto insurance rates for young drivers. Car insurance prices are calculated by many different factors and can change without notice, so the cheapest rate six months ago may now be wasting a lot of money.
How to find cheaper car insurance for young drivers
Below you’ll find some of the better money-saving suggestions that can help you quote lower-cost coverage.
- Better credit rating means better rates
- Drop full coverage on older vehicles
- Prevent rate increases by staying accident-free
- Buy your homeowners policy from the same company as your auto insurance
- Vehicles with good safety ratings have lower liability rates
- Compare prices frequently to find the best deal
That last tip is very significant, as was pointed out in this write-up. Prices charged by auto insurers in Honolulu fluctuate constantly, so don’t hesitate to change to a new company if you can find a cheaper rate.
Having brand loyalty is commendable, but it isn’t a good idea if that faithfulness ends up costing you a wad of cash every year. It takes less than five minutes to compare rates to find cheaper car insurance for young drivers.
If you have coverage questions and would like to get some help when shopping around for cheaper insurance for young drivers, the agents below can most likely help you determine which insurance coverage you need. To locate a Honolulu car insurance agency nearest to you, click the link at the bottom.
- Allstate Insurance: Bradley Maruyama
800 S Beretania St Ste 260 – Honolulu, HI 96813 – (808) 591-8016 - Allstate Insurance: Ricky N. Bonilla
2024 N King St #101b – Honolulu, HI 96819 – (808) 842-5844 - Insurance Associates, Inc.
800 Bethel St # 200 – Honolulu, HI 96813 – (808) 538-6938