The words “bargain” and “insurance” probably shouldn’t be used together, in particular when looking for the best car insurance rates for high mileage drivers. Let’s open your eyes to some things that can significantly affect car insurance prices, and see how we can help you shave a little off your next policy.
Finding out which company quotes the lowest-priced insurance rates for high mileage drivers will take more time in order to find the lowest price quote. Every insurance provider has a different process for filing rates in each state, so let’s take a look at the insurance companies that tend to be cheaper in Hawaii.
It’s important to know that Honolulu insurance rates are based on many factors which can substantially decrease or increase the price you have to pay. Simply having a birthday, having a claim, or having a fender bender can produce rate changes resulting in some companies being more affordable than competitors.
Best Cheap Insurance Rates in Hawaii
|Rank||Company||Cost Per Year|
|7||First of Hawaii||$1,947|
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USAA may have some of the most affordable car insurance rates in Honolulu at around $964 a year. This is $632 less than the average price paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive would also be considered some of the most economical Honolulu, HI car insurance companies.
In this example, if you are insured with Liberty Mutual and switched to State Farm, you might realize annual savings of in the vicinity of $297. Drivers with Progressive could save as much as $467 a year, and Allstate insureds might lower prices by up to $797 a year.
To get a fast rate comparison, click here to begin a quote or click through to the companies below.
These policy rates are averages across all insureds and vehicles and do not take into consideration a specific vehicle garaging location for high mileage drivers. So the car insurance company that is most affordable for your situation may not even be in the list above. That helps illustrate why you need to get car insurance quotes using your own driver data and vehicle information.
The make and model of vehicle needing coverage is probably the biggest factor when shopping around for low-priced insurance for high mileage drivers. Vehicles with high performance, a lack of advanced safety features, or an increased likelihood of liability claims will cost substantially more to insure than more modest models. The table below illustrates car insurance prices for the most economical vehicles to insure in Hawaii.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$886|
|Honda CR-V EX-L 4WD||$907|
|Honda Accord EX-L 4-Dr Sedan||$964|
|Ford Escape XLT 4WD||$996|
|Honda Odyssey EX W/Rear Entertainment||$1,032|
|Ford Edge SEL AWD||$1,037|
|Chevrolet Malibu Hybrid||$1,053|
|Ford Explorer Eddie Bauer 4WD||$1,072|
|Toyota Corolla XLE||$1,109|
|Chevrolet Silverado LS Extended Cab 2WD||$1,128|
|Jeep Wrangler Unlimited Rubicon 4WD 4-Dr||$1,160|
|Dodge Grand Caravan SXT||$1,174|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$1,181|
|Ford Focus SES 2-Dr Coupe||$1,183|
|Chevrolet Equinox LS 2WD||$1,185|
|Nissan Altima 2.5 4-Dr Sedan||$1,190|
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Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Prices do not factor in specific zip code location which can alter price quotes considerably.
Based upon the table data, you can infer that makes and models like the Hyundai Elantra, Honda CR-V, Honda Accord, Ford Escape, and Honda Odyssey should be a few of the most economical vehicles to insure for high mileage drivers.
Poor driving habits will raise your insurance rates
In a perfect world, the best way to obtain the cheapest insurance rates in Hawaii for high mileage drivers is to drive safe and avoid accidents and keep your driving record clean. The diagram below shows how violations and fender-benders impact insurance costs for different age groups. The premiums are based on a married female driver, comp and collision included, $500 deductibles, and no policy discounts are applied.
In the prior example, the average cost of an auto insurance policy in Hawaii per year with no violations or accidents is $967. Factor in one speeding ticket and the average cost rises to $1,125, an increase of $158 each year. Now throw in two accidents along with the one speeding ticket and the yearly cost of insurance for high mileage drivers goes up to an average of $2,554. That’s an increase of $1,586, or $132 per month, just for a couple of infractions!
The information below highlights how deductible choice can raise or lower yearly insurance costs when getting quotes for cheap insurance for high mileage drivers. The price estimates are based on a single male driver, full physical damage coverage, and no discounts are applied to the premium.
A 40-year-old driver could reduce rates by $304 a year by changing from a $100 deductible to a $500 deductible, or save $458 by choosing a $1,000 deductible. Young drivers, such as the 20-year-old chart data, have the ability to save $1,004 annually by using a higher deductible.
When insureds make the decision to increase the deductibles on their policy, it will be important to have emergency funds available to satisfy the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Buying coverage from a high-quality auto insurance provider is hard considering how many companies sell coverage in Honolulu. The information listed below can help you select which coverage providers you want to consider when buying insurance for high mileage drivers. The rankings below include the largest companies in the United States, so companies that may only write in Hawaii are not included in the list.
Top 10 Large Auto Insurers in Honolulu Ranked by Customer Service
- State Farm
- The Hartford
- American Family
- AAA Insurance
- Liberty Mutual
- Farmers Insurance
Top 10 Large Auto Insurers in Honolulu Ranked by Customer Satisfaction
- USAA – 94%
- AAA Insurance – 91%
- State Farm – 90%
- Nationwide – 90%
- The Hartford – 89%
- GEICO – 89%
- Liberty Mutual – 88%
- Allstate – 88%
- Esurance – 87%
- Progressive – 87%
How to find more affordable insurance for high mileage drivers
It’s not impossible to find cheaper rates, and here are many money-saving suggestions that can help Hawaii drivers buy lower-cost coverage.
- Don’t waste money on full coverage for older vehicles
- Improve your credit score
- Higher comprehensive and collision coverage deductibles will save money
- The safer your car, the less it costs to insure
- Save money by insuring your home and auto with the same company
- Frequent claims will increase rates
- Comparison shop at least once a year
That last idea is certainly valuable, as we hit on in this write-up. Insurance prices vary greatly, so drivers shouldn’t be reluctant to buy from a new company if you can save money. Many drivers prefer to stick with one company, but is isn’t recommended if that loyalty results in overpaying thousands of dollars over several years. If you have a few minutes, compare prices and find cheaper insurance for high mileage drivers in Honolulu.
If you would rather have some professional guidance when shopping around for cheaper insurance for high mileage drivers, the agents listed below are willing to provide answers to your questions and help you determine which coverages you need.
To locate a Honolulu car insurance agency close to you, click the button at the bottom.
Kaina Kauahi – State Farm Insurance Agent
560 N Nimitz Hwy #217f – Honolulu, HI 96817 – (808) 524-9997
Gary Nakamura – State Farm Insurance Agent
1016 Kapahulu Ave #250 – Honolulu, HI 96816 – (808) 734-3265
Cornerstones Financial and Insurance Agency
250 Ward Ave #220 – Honolulu, HI 96814 – (808) 626-5068
Allstate Insurance: Valerie Nagaji
4211 Waialae Ave #8080 – Honolulu, HI 96816 – (808) 735-2841