If you want to save the most money, the best way to get more affordable auto insurance rates is to regularly compare quotes from companies who provide car insurance in Honolulu.
Step 1: Try to comprehend individual coverages and the steps you can take to keep rates down. Many factors that cause high rates such as traffic violations and a bad credit score can be amended by making lifestyle changes or driving safer. Continue reading for more ideas to help reduce premium rates and find possible discounts that are available.
Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can give quotes from one company like Progressive or Allstate, while independent agents can provide price quotes for a wide range of companies. View a list of agents
Step 3: Compare the new rate quotes to your current policy to see if a cheaper price is available. If you can save some money and change companies, make sure there is no lapse in coverage.
Step 4: Give notification to your agent or company to cancel your current auto insurance policy and submit a completed policy application and payment to the new company. Once received, put the new proof of insurance paperwork in your vehicle.
A good tip to remember is that you’ll want to compare the same physical damage deductibles and liability limits on each quote request and and to get price estimates from every company you can. This guarantees a level playing field and the best price quote selection.
Statistics show that over 70% of consumers have been with the same company for a minimum of four years, and nearly 40% of drivers have never quoted rates to find lower-cost coverage. Most drivers in Hawaii could save almost 40% a year by just shopping around, but they mistakenly think it’s difficult to compare rates.
Affordable car insurance in Honolulu, HI
The following companies are our best choices to provide quotes in Hawaii. If multiple companies are shown, we recommend you visit several of them in order to find the lowest rates.
Affordable rates on Lexus RC 200t insurance in Honolulu with these five auto insurance discounts
Car insurance is not cheap, but there are discounts available that can help lower your rates. A few discounts will be applied when you complete an application, but some need to be asked for in order for you to get them.
- Air Bags and Passive Restraints – Cars that have air bags or motorized seat belts may get savings as much as 30%.
- Early Payment Discounts – If you can afford to pay the entire bill rather than paying in monthly installments you can actually save on your bill.
- Online Discount – Certain insurance companies will provide an incentive for buying your policy digitally online.
- Life Insurance – Some auto insurance companies give a small discount if you purchase some life insurance in addition to your auto policy.
- Save with More Vehicles Insured – Buying insurance for primary and secondary vehicles on one policy could earn a price break for each car.
Consumers should know that some credits don’t apply to the whole policy. A few only apply to the cost of specific coverages such as comprehensive or collision. So when the math indicates all the discounts add up to a free policy, you won’t be that lucky.
Companies who may offer many of the previously listed discounts may include but are not limited to:
Before you buy a policy, ask all the companies which discounts can lower your rates. Discounts might not apply in Honolulu. To see a list of auto insurance companies that have a full spectrum of discounts in Honolulu, click here to view.
Your insurance coverage should be tailored to you
When quoting and choosing adequate coverage, there is no single plan that fits everyone. Each situation is unique and your insurance should unique, too.
These are some specific questions could help you determine whether or not you could use an agent’s help.
- Is business equipment covered while in my vehicle?
- Am I better off with higher deductibles on my Lexus RC 200t?
- Am I covered if I drive in a foreign country?
- How much coverage applies to personal belongings?
- At what point should I drop full coverage?
- What if I owe more than I can insure my car for?
- Can I afford to buy a different vehicle if my Lexus RC 200t is totaled?
If you don’t know the answers to these questions, you might consider talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies.
Buying from insurance agencies
Certain consumers still prefer to buy from a local agent and often times that is recommended One of the great benefits of comparing auto insurance online is you can get cheap auto insurance rates and still buy from a local agent. Supporting local insurance agents is definitely important in Honolulu.
Once you complete this short form, your insurance coverage information gets sent to local insurance agents that provide free Honolulu auto insurance quotes for your auto insurance coverage. It’s much easier because you don’t need to drive around because prices are sent immediately to your email address. You can find the lowest rates and a licensed agent to work with. In the event you want to get a comparison quote from a particular provider, you would need to go to their quote page and fill out the quote form the provide.
Auto insurance agents in Honolulu come in two varieties
If you want to use a local Honolulu insurance agency, you need to know there are two types of insurance agents and how they are distinctly different. Agents can either be independent agents or exclusive agents.
Independent Auto Insurance Agencies or Brokers
Independent agents do not write with just one company and that allows them to write policies with lots of companies and find the cheapest auto insurance rates. To transfer your coverage to a different company, your agent can switch companies and you won’t have to switch agencies.
If you are comparing auto insurance prices, we recommend you compare prices from at a minimum one independent agency to get the most accurate price comparison. Most can insure with smaller regional carriers that can offer cheaper rates than bigger companies.
The following are independent agencies in Honolulu who may provide price quotes.
- Pyramid Insurance Center Ltd
420 Waiakamilo Rd – Honolulu, HI 96817 – (808) 527-7667 – View Map
- Rosten Y Tsuha Insurance Agency Inc
1350 S King St #303 – Honolulu, HI 96814 – (808) 591-5545 – View Map
- Island Insurance Hawaii
1022 Bethel St – Honolulu, HI 96813 – (808) 643-4000 – View Map
Exclusive Insurance Agents
Agents in the exclusive channel generally can only insure with one company and examples are State Farm, Allstate, or Farmers Insurance. These agents are not able to provide rate quotes from other companies so they really need to provide good service. Exclusive agents are well schooled in insurance sales and that enables them to sell even at higher rates. Some consumers prefer to purchase coverage from exclusives mainly due to loyalty to the company rather than having low rates.
Shown below is a short list of exclusive insurance agents in Honolulu that can give you rate quotes.
- Herb Fujikawa – State Farm Insurance Agent
3538 Waialae Ave #205 – Honolulu, HI 96816 – (808) 732-1076 – View Map
- Dee Ann Lee – State Farm Insurance Agent
600 Kapiolani Blvd #210 – Honolulu, HI 96813 – (808) 599-7666 – View Map
- Allstate Insurance: Valerie Nagaji
4211 Waialae Ave #8080 – Honolulu, HI 96816 – (808) 735-2841 – View Map
Picking a insurance agency should depend on more than just a low price. Any agent in Honolulu should be forthright in answering these questions:
- Will the quote change when the policy is issued?
- Do they get extra compensation for selling add-on coverages?
- Are there any discounts for paying up front?
- Are claim adjusters local or do you have to take your car somewhere else?
- Is assistance available after office hours?
- Do they carry Errors and Omissions coverage?
- Are they actively involved in the community?
- How long have they been in business?
If you receive satisfactory answers to all your questions and locked in a price quote, you may have just found an insurance agent that can properly insure your vehicles. Just remember once you purchase a policy you can terminate your policy whenever you choose to so don’t feel that you are obligated to a policy with no way to switch.
Auto insurance coverage specifics
Understanding the coverages of a auto insurance policy helps when choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Shown next are the usual coverages found on most auto insurance policies.
Medical payments and PIP coverage – Coverage for medical payments and/or PIP pay for bills for chiropractic care, doctor visits and EMT expenses. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover all vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage
UM/UIM (Uninsured/Underinsured Motorist) coverage – This protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Lexus RC 200t.
Due to the fact that many Hawaii drivers have only the minimum liability required by law (which is 20/40/10), it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Most of the time these limits do not exceed the liability coverage limits.
Liability car insurance – This provides protection from damage that occurs to a person or their property. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 20/40/10 which stand for a $20,000 limit per person for injuries, a limit of $40,000 in injury protection per accident, and $10,000 of coverage for damaged property. Another option is a combined limit that pays claims from the same limit without having the split limit caps.
Liability can pay for claims such as loss of income, emergency aid, pain and suffering, legal defense fees and repair bills for other people’s vehicles. How much coverage you buy is up to you, but it’s cheap coverage so purchase as much as you can afford. Hawaii state law requires minimum liability limits of 20/40/10 but you should think about purchasing higher limits.
The next chart shows why low liability limits may not be adequate.
Collision coverage – Collision insurance pays for damage to your RC 200t resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for claims such as driving through your garage door, backing into a parked car, damaging your car on a curb and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible on your RC 200t to bring the cost down.
Comprehensive auto coverage – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things such as damage from flooding, hail damage, a tree branch falling on your vehicle, theft and rock chips in glass. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Compare. Compare. Compare.
We’ve covered some good ideas how to save on Lexus RC 200t insurance in Honolulu. The key thing to remember is the more providers you compare, the more likely it is that you will get a better rate. You may even be surprised to find that the lowest priced car insurance comes from some of the smallest insurance companies. They may have significantly lower auto insurance rates on certain market segments than the large multi-state companies such as Progressive and GEICO.
When searching for the cheapest Lexus RC 200t rate quotes, it’s a bad idea to reduce coverage to reduce premium. There are a lot of situations where an insured dropped collision coverage only to discover later that it was a big mistake. The aim is to get the best coverage possible at the lowest possible cost while not skimping on critical coverages.
For more information, link through to these articles:
- Understanding Rental Car Insurance (Insurance Information Institute)
- Who Has Affordable Car Insurance for Low Mileage Drivers in Honolulu? (FAQ)
- Who Has Affordable Honolulu Car Insurance Rates for College Students? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for 19 Year Olds in Honolulu? (FAQ)
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Keeping Children Safe in Crashes Video (iihs.org)