If you want to save the most money, the best way to find more affordable car insurance rates in Honolulu is to make a habit of regularly comparing prices from providers in Hawaii.
- Step 1: Try to learn a little about how your policy works and the factors you can control to prevent expensive coverage. Many factors that cause high rates like speeding tickets, careless driving and an imperfect credit history can be remedied by making minor changes to your lifestyle. This article provides the details to find cheap rates and earn larger discounts.
- Step 2: Obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give prices from a single company like GEICO and State Farm, while independent agents can quote prices from many different companies.
- Step 3: Compare the price quotes to your current policy to determine if switching companies saves money. If you find a lower rate quote, make sure there is no coverage gap between policies.
One thing to remember is to make sure you’re comparing the same physical damage deductibles and liability limits on every quote request and and to get rate quotes from as many companies as possible. This enables an accurate price comparison and the most accurate and complete price analysis.
A recent survey discovered that most drivers renewed their policy with the same company for at least four years, and just under half have never compared rates from other carriers. Hawaii insurance shoppers could save themselves nearly $400 a year, but most undervalue how much they could save if they moved their coverage to a different company.
Quoting and comparing the lowest cost car insurance in Honolulu is not as confusing as people think. In a nutshell, each driver who is required to buy car insurance will probably be able to save money. Nevertheless, Hawaii consumers must learn how companies charge you for coverage because rates are impacted by many factors.
Low cost Honolulu Toyota Corolla insurance quotes
Most of the larger companies give coverage price quotes from their websites. Comparing Toyota Corolla insurance rates online is very simple as you just enter the coverages you want as requested by the quote form. After you complete the form, their system requests your driving and credit reports and generates a price based on the information you submitted.
Using the web to get quotes for Toyota Corolla insurance in Honolulu makes it easy to compare insurance prices and it is important to get many rate quotes if you want to find lower-cost rates.
In order to find out how much you’re overpaying now, compare rates from the companies below. If you have your current policy handy, we recommend you copy the insurance coverages exactly as they are listed on your policy. This makes sure you’re receiving comparison quotes based on the exact same insurance coverage.
The companies shown below provide quotes in Honolulu, HI. If multiple companies are shown, it’s a good idea that you compare several of them to get a more complete price comparison.
Discounts mean cheaper rates for Toyota Corolla insurance in Honolulu
Some insurance providers don’t always publicize all their discounts in a way that’s easy to find, so we took the time to find both the well known and the harder-to-find discounts that may be available.
- Organization Discounts – Being a member of a professional or civic organization can get you a small discount when shopping for insurance.
- Accident Waiver – This isn’t a discount exactly, but some companies like Progressive, Allstate, and Liberty Mutual will forgive one accident without raising rates with the catch being you have to be claim-free before the accident.
- Federal Government Employee – Employees or retirees of the government can earn a discount up to 10% with some insurance companies.
- Drive Less and Save – Low mileage vehicles may allow you to get lower premium rates on the low mileage vehicles.
- Theft Deterrent Discount – Vehicles equipped with tracking devices and advanced anti-theft systems prevent vehicle theft so companies will give you a small discount.
It’s important to note that many deductions do not apply to the whole policy. Some only apply to specific coverage prices like collision or personal injury protection. Even though the math looks like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.
The illustration below shows the difference between Toyota Corolla premium costs with and without discounts being applied to the rates. The premium estimates are based on a female driver, no violations or claims, Hawaii state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, safe-driver, multi-car, marriage, and multi-policy discounts applied.
If you would like to choose from a list of insurance companies who offer online Toyota Corolla insurance quotes in Honolulu, click here to view.
Rates and data analysis
The coverage table displayed next highlights different insurance rates for Toyota Corolla models. Learning a little about how car insurance premiums are formulated can help customers make decisions on the best policy to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Estimates do not factor in specific zip code location which can lower or raise auto insurance rates noticeably.
The diagram below highlights how deductible choice and can change Toyota Corolla annual premium costs for different insured age categories. The rate quotes are based on a single female driver, comprehensive and collision coverage, and no discounts are applied.
How careless driving impacts insurance rates
The example below illustrates how speeding tickets and at-fault collisions can affect Toyota Corolla insurance costs for each different age group. The data assumes a married female driver, comprehensive and collision coverage, $250 deductibles, and no policy discounts are applied.
Insurance rates based on gender
The diagram below illustrates the comparison of Toyota Corolla car insurance costs for male and female drivers. The information is based on no driving violations, no at-fault accidents, comp and collision included, $100 deductibles, marital status is single, and no discounts are applied to the premium.
Full coverage versus liability only rates
The diagram below shows the difference between Toyota Corolla yearly insurance costs when comparing full coverage to state minimum liability only. The information is based on no tickets, no at-fault accidents, $250 deductibles, single marital status, and no discounts are taken into consideration.
Guidelines for dropping full coverage
There is no definitive rule to stop buying comp and collision coverage, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost minus the deductible, then it might be time to buy liability only.
For example, let’s pretend your Toyota Corolla claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, you would only receive $3,000 after paying your policy deductible. If it’s costing in excess of $300 annually for your policy with full coverage, then it might be time to buy liability only.
There are a few situations where dropping physical damage coverage is not financially feasible. If you still owe money on your vehicle, you have to keep full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
Learn How to Find Auto Insurance Cheaper
Lots of things are part of the equation when pricing auto insurance. Some of the criteria are obvious such as your driving history, although others are less apparent like your continuous coverage and annual miles driven.
Little extras can really add up – There are many optional add-on coverages that can add up when buying auto insurance. Coverages like personal injury protection, towing, and motor club memberships may not be needed and are just wasting money. These coverages may sound good when deciding what coverages you need, but if you have no use for them get rid of them and save.
Getting married is a good thing – Having a significant other can actually save you money on your policy. It generally demonstrates drivers are more mature and statistics prove drivers who are married file infrequent claims.
Vehicles with better crash test results cost less to insure – Vehicles that have high safety ratings tend to have lower insurance rates. Safer cars reduce occupant injuries and fewer injuries translates into savings for insurance companies which can mean better rates for you.
Liability coverage limits should be high – A critical coverage on your policy, liability insurance will afford coverage if a court rules you are at fault for physical damage or personal injury to other. Your liability coverage provides you with a defense in court which can cost a lot. This coverage is relatively inexpensive as compared to coverage for physical damage, so insureds should have plenty of protection for their assets.
Consolidate policies and save – Many insurance companies provide a discount for people who have multiple policies with them. It’s known as a multi-policy discount. Even though this discount sounds good, it’s in your best interest to comparison shop to verify if the discount is saving money.
Minor frequent policy claims are not good – If you file a lot of claims you can pretty much guarantee much higher rates or policy non-renewal. Insurance companies in Hawaii give better rates to people who file claims infrequently. Insurance coverage is designed for claims that pose a financial burden.
Toyota Corolla claim data – Car insurance companies include the past claim trends for vehicles when they file their rates in each state. Vehicles that the data determines to have higher prevalence or dollar amount of losses will have higher rates for specific coverages. The table shown below demonstrates the historical insurance loss data for Toyota Corolla vehicles.
For each policy coverage type, the claim amount for all vehicles combined as an average is represented as 100. Percentage numbers below 100 suggest losses that are better than average, while percentage values above 100 point to more losses or a tendency for losses to be larger than average.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Are auto insurance agents obsolete?
Many drivers just prefer to talk to an insurance agent and that is a smart decision One of the best bonuses of getting free rate quotes online is you can get cheaper rates and still buy from a local agent. And supporting local agents is definitely important in Honolulu.
Upon completion of this short form, your coverage information gets sent to local insurance agents who will gladly provide quotes for your business. There is no reason to contact an agency because prices are sent directly to your email. You’ll get the best rates AND a local agent. If you wish to get a price quote from a specific company, feel free to navigate to their website and give them your coverage information.
If you are wanting to purchase insurance from local Honolulu agents, you need to know there are two different types of agents and how they are distinctly different. Agents are considered either independent agents or exclusive agents depending on their employer.
Independent agencies can sell policies from many different companies so they can insure your vehicles through many companies and help determine which has the cheapest rates. If they quote lower rates, they simply move your policy to a different company which makes it simple for you.
When comparing rate quotes, you absolutely need to get some free quotes from independent agents so that you can do a thorough price comparison. Most also have access to smaller regional carriers which may provide better rates.
Listed below is a short list of independent insurance agents in Honolulu who can help you get free insurance rate quotes.
- Cavanah Associates, Inc.
1100 Alakea St #2600 – Honolulu, HI 96813 – (808) 537-1970 – View Map
- John H Connors Insurance
500 Ala Moana Blvd # 2303 – Honolulu, HI 96813 – (808) 534-7300 – View Map
- Island Insurance Hawaii
1022 Bethel St – Honolulu, HI 96813 – (808) 643-4000 – View Map
Exclusive Insurance Agents
Agents that choose to be exclusive can only write with one company such as Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents are unable to give you multiple price quotes so they have no alternatives for high prices. These agents are highly trained on their company’s products and that allows them to sell at a higher price point. Drivers often buy from the same agent for years mainly due to the brand and solid financial strength.
Below are Honolulu exclusive agencies that are able to give price quote information.
- Allstate Insurance: Rory Lee
575 Cooke St d – Honolulu, HI 96813 – (808) 596-8333 – View Map
- Larry Welsch – State Farm Insurance Agent
1575 S Beretania St Ste 203 – Honolulu, HI 96826 – (808) 944-3450 – View Map
- Allstate Insurance: Dan Y.W. Au Hoy
931 University Ave Ste 108 – Honolulu, HI 96826 – (808) 944-1854 – View Map
Picking a insurance agent requires you to look at more than just a cheap price quote. Get answers to these questions too.
- Do they specialize in personal lines coverage in Honolulu?
- Will high miles depreciate repair valuations?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- What kind of financial rating does the company have?
- If you raise deductibles, how much can you save?
If you receive answers to your satisfaction for all questions you ask as well as an affordable premium quote, you may have found an auto insurance agent that can be trusted to properly insure your vehicles. Keep in mind you can always cancel your coverage whenever you wish so never assume you are locked into a specific company for the entire policy term.
Best auto insurance in Hawaii
Picking the right insurance provider is difficult considering how many choices you have in Hawaii. The ranking information displayed below could help you pick which companies you want to consider shopping prices with.
Top 10 Honolulu Car Insurance Companies Ranked by Customer Service
- State Farm
- The Hartford
- American Family
- AAA Insurance
- Liberty Mutual
- Farmers Insurance
Top 10 Honolulu Car Insurance Companies Overall
- American Family
- State Farm
- The Hartford
- AAA Insurance
- Liberty Mutual
More comparisons equals affordable rates
A few companies do not offer rates over the internet and usually these smaller providers only sell through independent agents. Cheaper Toyota Corolla insurance in Honolulu is definitely available online and from local insurance agents, so compare prices from both in order to have the best price selection to choose from.
Drivers who switch companies do it for a number of reasons such as not issuing a premium refund, delays in responding to claim requests, policy cancellation and even lack of trust in their agent. Whatever your reason, finding the right car insurance provider is easier than you think.
When buying insurance coverage, make sure you don’t skimp on coverage in order to save money. In many cases, an insured dropped physical damage coverage only to find out they didn’t have enough coverage. Your goal should be to buy a smart amount of coverage at an affordable rate while still protecting your assets.
For more information, feel free to browse the articles below:
- Auto Insurance Facts and Statistics (Insurance Information Institute)
- Who Has Cheap Auto Insurance for a Toyota Camry in Honolulu? (FAQ)
- What Car Insurance is Cheapest for Infrequent Drivers in Honolulu? (FAQ)
- Who Has the Cheapest Auto Insurance for Drivers with Accidents in Honolulu? (FAQ)
- Auto Insurance for Teen Drivers (Insurance Information Institute)
- What Does No-Fault Insurance Cover? (Allstate)
- Front crash protection reduces rear-end crashes (Insurance Institute for Highway Safety)