We don’t have to tell you that auto insurance companies want to keep your business as long as possible. Insureds who shop around at least once a year are very likely to buy a new policy because of the high probability of finding better rates. A study discovered that consumers who routinely compared rates saved about $865 annually as compared to drivers who didn’t regularly shop around.
If saving money on insurance is the reason for your visit, then having a good understanding how to find and compare insurance rates can save time, money, and frustration.
To save the most money, the best way to find discount auto insurance rates is to compare prices regularly from different companies in Honolulu.
- Try to understand coverages and the things you can change to drop your rates. Many rating factors that are responsible for high rates like speeding tickets, accidents and a substandard credit history can be controlled by paying attention to minor details.
- Compare rates from direct, independent, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like GEICO or Allstate, while agents who are independent can provide prices from multiple sources. Find a Honolulu insurance agent
- Compare the new rate quotes to your existing policy to see if a cheaper rate is available in Honolulu. If you can save some money and change companies, make sure coverage does not lapse between policies.
- Provide proper notification to your current company to cancel the current policy and submit payment along with a signed and completed policy application for your new coverage. Don’t forget to safely store the proof of insurance paperwork with the vehicle registration.
One key aspect of rate comparisons is to use the same deductibles and limits on each price quote and and to get rates from every company you can. This helps ensure an apples-to-apples comparison and maximum price selection.
Comparison shopping for the lowest-priced auto insurance coverage in Honolulu is simple if you know the tricks. If you’re already insured or just want cheaper coverage, you can use these tips to find better prices without reducing protection. You just need to use the least time-consuming way to shop for auto insurance instantly.
The car insurance companies shown below are ready to provide comparison quotes in Hawaii. If multiple companies are shown, it’s a good idea that you compare several of them to get the best price comparison.
It may be expensive, but it’s not optional
Even though Honolulu Optima Hybrid insurance rates can get expensive, maintaining insurance serves several important purposes.
First, almost all states have mandatory insurance requirements which means you are required to carry a specific minimum amount of liability protection if you drive a vehicle. In Hawaii these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you took out a loan on your Optima Hybrid, more than likely the lender will require you to buy full coverage to ensure the loan is repaid in case of a total loss. If the policy lapses, the bank may buy a policy for your Kia at a much higher premium rate and require you to reimburse them for the expensive policy.
Third, car insurance preserves your Kia and your assets. It will also pay for medical bills that are the result of an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, your car insurance policy will pay all costs to repair after the deductible has been paid.
The benefits of insuring your car definitely exceed the cost, especially with large liability claims. In a recent study of 1,000 drivers, the average customer is overpaying more than $750 every year so shop around once a year at a minimum to save money.
Insurance coverage specifics
Having a good grasp of a insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement.
Coverage for medical expenses
Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for things like X-ray expenses, nursing services, rehabilitation expenses and surgery. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants in addition to any family member struck as a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay
Coverage for uninsured or underinsured drivers
This gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.
Due to the fact that many Hawaii drivers have only the minimum liability required by law (Hawaii limits are 20/40/10), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
This coverage pays for damage to your Optima Hybrid from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage protects against things such as sideswiping another vehicle, hitting a mailbox and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from older vehicles. Another option is to raise the deductible on your Optima Hybrid to bring the cost down.
Auto liability insurance
This can cover injuries or damage you cause to other’s property or people in an accident. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 20/40/10 that means you have $20,000 in coverage for each person’s injuries, a per accident bodily injury limit of $40,000, and a limit of $10,000 paid for damaged property. Another option is one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.
Liability coverage protects against things like repair bills for other people’s vehicles, pain and suffering, medical expenses and legal defense fees. How much liability coverage do you need? That is up to you, but you should buy as much as you can afford. Hawaii state law requires minimum liability limits of 20/40/10 but you should think about purchasing more liability than the minimum.
The chart below demonstrates why the minimum limit may not be high enough to cover claims.
Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims like fire damage, hitting a deer and damage from a tornado or hurricane. The most a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Which auto insurance company is best in Honolulu?
Buying coverage from the top insurer is difficult considering how many companies sell insurance in Honolulu. The rank data shown next could help you decide which car insurance providers to look at when shopping around.
Top 10 Honolulu Car Insurance Companies Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- The Hartford
- Farmers Insurance