Honolulu, HI Homeowners Insurance

Learn more about homeowners insurance in Honolulu.

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How to find cheap home insurance in Honolulu

 

Homeowners insurance is a critical element of homeownership. It covers your dwelling — and the personal property within it — against a variety of perils, including fire, theft, vandalism, or wind damage. Incidents like this occur often. When paired with the high cost of repairing or rebuilding a house, purchasing homeowners coverage can seem like a smart move.

The cost of home insurance factors in variables such as the cost of building materials, the value of your personal belongings, and the overall value of the primary dwelling. The location of your home also contributes to the price of your homeowners insurance policy. In areas prone to perils likefrozen pipes, hail, windstorms, or wildfires, home insurance rates may be higher to account for the extra risk. Learn more about what is covered by a homeowners insurance policy.

If you want to find cheap home insurance in Honolulu, start with looking around and comparing what different companies offer. Take a look at the summary below showing average Honolulu homeowners insurance rates to ensure you start your search with as much background info as possible. One thing to note is that the yearly cost of homeowners coverage is determined based on your chosen coverage limits as well as a number of other rating factors.

 
Honolulu, Hawaii, homeowners insurance — table of contents:
  1. Rates by insurance company
  2. Rates by coverage level
  3. Rates by neighborhood
  4. Rates by deductible level
  5. Insurance bundle discounts
 

 

Homeowners insurance in Honolulu by company

Honolulu homeowners insurance rates will vary depending on which insurance company you choose. The most affordable home insurance in Honolulu is Allstate offering average annual rates at just $272 per year. This is considerably cheaper than the city’s average homeowners premium of $425.

Below you'll find a list of the cheapest home insurance companies in Honolulu, Hawaii to help you start your search.

 
CHEAP HOME INSURANCE COMPANIES IN HONOLULU
CompanyAverage Annual Rate
Allstate$272
Liberty$412
State Farm$445
  
  
 

 

Average homeowners insurance rates in Honolulu by coverage levels

How much you pay for home insurance coverage is greatly influenced by the level of coverage you choose. In Honolulu, carrying $200K dwelling coverage costs an average of $295, while carrying additional coverage up to $400K costs $583/year.

 
HOMEOWNERS INSURANCE RATES IN HONOLULU — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100K Dwelling$221
$200K Dwelling$295
$250K Dwelling$366
$400K Dwelling$583

 

 

Honolulu homeowners insurance prices by ZIP code

Not every area of Honolulu has equal home insurance premiums. One of the factors that insurers use when pricing your insurance policy is the number of claims filed in your surrounding area. As such, your neighborhood's location can dramatically impact your home insurance rates.

If you're looking for the most affordable home insurance rates in Honolulu, take at look at the 96813 ZIP code. In the 96813 area, homeowners coverage usually costs just $425 per year — a full $0 less than the overall average for Honolulu. If you’re looking for the areas with the least expensive homeowners insurance rates in Honolulu, have a look at the table below.

 
AFFORDABLE ZIP CODES FOR HOMEOWNERS INSURANCE IN HONOLULU
ZIP CodeAverage Annual Home Insurance Rate
96813$425
96814$425
96815$425

Other areas of Honolulu, however, face homeowners rates that are higher than the city average . Crime rates, fire risk, and even your proximity to emergency services could lead insurance companies to see certain neighborhoods as higher risk, which could drive up area rates. With an annual average premium of $425, 96813 comes in as the priciest ZIP code in Honolulu for homeowners insurance.

 
EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN HONOLULU
ZIP CodeAverage Annual Home Insurance Rate
96813$425
96814$425
96815$425
 

 

Homeowners insurance deductibles in Honolulu

Among the plethora of decisions faced by homeowners when buying a homeowners insurance policy is how high or low to set the deductible. A homeowners deductible is how much your insurance requires you to pay out of pocket toward a claim. Where you choose to set your homeowners deductible is directly related to the overall cost of your coverage.

On the whole, choosing a lower deductible means that your insurance premiums will be higher. As such, if you want your insurance rates to stay low, aim for a higher deductible. Remember that your deductible should not be set at an amount that you would have difficulty paying in the event of a loss.

The following chart reveals the average premium costs affiliated with most deductibles.

 
HOME INSURANCE RATES BY DEDUCTIBLE IN HONOLULU
Deductible LevelAverage Annual Home Insurance Rate
$500$412
$1,000$366
$1,500$358
$2,000$339
$5,000$298
 

 

Money-saving tip: bundle home and auto insurance in Honolulu

If saving money is your primary concern, you might purchase insurance for your home and auto through the same insurance company. Bundling your homeowners and auto insurance can be a good money-saving option. Bundling policies in Honolulu could, in fact, lead to average annual savings of 7%.

 
CHEAPEST CAR INSURANCE WITH A POLICY BUNDLE IN HONOLULU
CompanyAvg. Annual Auto Insurance Rate (With Bundle)
State Farm$816
USAA$884
Allstate$996
Farmers$1,520
State Farm$600
 

It's definitely worth considering bundling both your auto and home policies as a potential way of saving money.

 

Compare home insurance rates today!

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Ross Martin LinkedIn

As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to auto and home insurance. He has a background in writing and education, as well as a master's degree from Royal Holloway, University of London. He has been quoted by CNET, iDriveSafely.com, and Kin Insurance.