Homeowners Insurance in Hawaii

Homeowners insurance shouldn't be complicated. Compare rates from Hawaii by city and company below.

How to find cheap homeowners insurance in Hawaii


Homeowners insurance may be optional, but it's important. It helps to protect your belongings in the event your house is damaged. A homeowners insurance policy covers your house and property in the event of a number of calamities, such as wind damage, fire, theft, vandalism, and more.

There are major differences in home insurance rates from state to state. Home insurance policy rates in US states may vary depending on the frequency and value of homeowners claims submitted in that particular state, and depend on the value of the belongings and structures covered by the policy.

The best way to find an affordable homeowners insurance policy in Hawaii is to view prices from multiple insurance companies. Learn more about average home insurance rates in Hawaii by referencing the below tables. Remember: your rates may differ, depending on your coverage limits.


Hawaii home insurance:
  1. Homeowners rates by company
  2. Costs by city
  3. Bundling home and auto insurance


Homeowners insurance prices in Hawaii by insurer

Rates for home insurance in Hawaii differ depending on the insurance company you use. Allstate offers the most affordable homeowners insurance in Hawaii — $272 per year. This is less than the state average cost of $442, providing a $171 discount on average statewide homeowners insurance costs.

Get a head start on looking for cheap homeowners insurance by reviewing the best Hawaii carriers, listed below.


THE MOST AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN HAWAII
CompanyAverage 12-Month Rate in Hawaii
Allstate$271.50
Universal Insurance$321.52
Liberty Mutual$418.90
First Insurance$427.83
State Farm$473.50


Hawaii home insurance prices by city

Not every city in Hawaii has equal home insurance costs. Policy rates rely on on city-specific variables, including the number of claims filed nearby, meaning your specific ZIP code impact how much you pay.

The cheapest homeowners insurance in Hawaii is available in Honolulu. An average home insurance policy in Honolulu costs $425 per year — $17 less than the average policy in other Hawaii cities. The below table shows the best places to live in Hawaii if you’re looking for cheap homeowners insurance.


AFFORDABLE CITIES FOR HOME INSURANCE IN HAWAII
CityAverage Annual Home Insurance Rate
Honolulu$424.69
Ewa Beach$427.19
Royal Kunia$427.19
Halawa$427.19
Schofield Barracks$427.19


How to save: bundle home and auto insurance in Hawaii

If you're trying to save on insurance, consider purchasing both your home and auto insurance policies from one company. Bundling homeowners and auto insurance in Hawaii can lead to substantial savings on your auto insurance policy. Bundling home and auto policies in Hawaii leads to an a yearly discount of $62.


HOME AND AUTO INSURANCE BUNDLING DISCOUNTS IN HAWAII
Avg. Yearly Auto Insurance Rate (No Bundle)Avg. Annual Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$1,004.00$942.00$62.007%


A great way to save is to bundle your auto and homeowners insurance policies. Find a policy today!


Compare rates from top car insurance companies.

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Home insurance and earthquakes in Hawaii

Hawaii copes with an estimated 33 earthquakes every year, which means that Hawaii residents should consider adding earthquake insurance.* This type of protection is not a regular feature in most insurance policies. Earthquake coverage comes in the form of a scheduled endorsement to your current policy, covering losses that result from land movement.

Aftershocks are another serious concern when it comes to earthquakes. An aftershock can be quite powerful, and often continue causing damage long after the initial event. Fortunately, having this coverage means that you pay only one deductible for losses that results from the initial seismic event as well as all related aftershocks that happen within a period of 72-hours.

*Source: United States Geological Survey (https://earthquake.usgs.gov/earthquakes/browse/)

 

Does home insurance cover flood damage in Hawaii?

Flood damage— no matter the circumstances under which it occurs —is not covered by homeowners insurance policies. To ensure your home is covered, you should buy flood coverage from a private flood insurance company or through the National Flood Insurance Program (NFIP).

Flood insurance coverage from private companies may vary, but if you buy through the NFIP you are allotted coverage for:

  • $250,000 structural coverage
  • $100,000 personal property coverage

If the value of your home and personal property exceed these limits, look into acquiring a policy from a private company for additional protection.

Flood insurance is especially important in Hawaii, which suffered $821,843 in 2016 flood insurance claims, according to data from FEMA.