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How to find affordable homeowners 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 average homeowners policy costs $35 per month in Honolulu, Hawaii. This is well under the national average.

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.

 
Table of contents:
  1. Rates by insurer
  2. Rates by coverage amount
  3. Rates by ZIP code
  4. Rates by deductible amount
  5. Policy bundling savings

 

Honolulu home insurance 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 lowest-price home insurers in Honolulu, Hawaii to help you start your search. You can also check out our guide to the best home insurance companies based on the results of The Zebra's Customer Satisfaction Survey.

 
AFFORDABLE HOME INSURERS IN HONOLULU
Company Average Annual Rate
Allstate $272
Liberty Mutual $412
State Farm $445

 

Honolulu homeowners insurance prices by coverage level

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.

 
POPULAR COVERAGE LIMITS IN HONOLULU
Coverage Level Average Annual Rate
$100K Dwelling $221
$200K Dwelling $295
$250K Dwelling $366
$400K Dwelling $583

 

Honolulu home insurance rates 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 HOME INSURANCE AREAS IN HONOLULU
ZIP Code Average 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 HOME INSURANCE AREAS IN HONOLULU
ZIP Code Average Annual Home Insurance Rate
96813 $425
96814 $425
96815 $425

 

Honolulu homeowners insurance deductibles

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 PREMIUMS BY DEDUCTIBLE LEVEL IN HONOLULU
Deductible Level Average Annual Homeowners Insurance Rate
$500 $412
$1,000 $366
$1,500 $358
$2,000 $339
$5,000 $298
 

 

Home and auto insurance bundling 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 RATES WITH HOME BUNDLE IN HONOLULU
Company Avg. Annual Auto Insurance Rate (With Bundle)
State Farm $816
USAA $884
Allstate $996
Farmers $1,520

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Ross Martin photo
Ross MartinManager, Content Quality

Ross joined The Zebra as a writer and researcher in 2019. As a licensed insurance agent, he specializes in writing insurance content to help shoppers make informed decisions.

Ross holds a master's degree from Royal Holloway, University of London and has a background in copywriting and education. As a former teacher, he applies his educational skills to explain insurance concepts in ways that consumers can understand.

Ross's work has been cited by The New York Times, AxiosInvestopedia, The Simple DollarThe BalanceCar and Driver and Fox Business. He has been quoted by CNET, I Drive Safely and Kin Insurance

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.