If you do not know how to calculate insurance premiums in Hawaii, MoneyGeek’s car insurance calculator is a simple way to get an estimate. MoneyGeek also analyzed the major factors that impact car insurance premiums in Hawaii to help you understand how your premiums are calculated.
Hawaii Car Insurance Calculator: Estimate Your Car Insurance Costs
Updated: October 29, 2024
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Nov 20, 2024
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Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
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Hawaii Car Insurance Calculator: How it Gets You an Instant, Free Estimate
It will take you an average of 10 to 15 minutes to get a personalized car insurance quote from an insurer in Hawaii since you will be required to provide a variety of personal details. MoneyGeek’s car insurance calculator for Hawaii allows you to get an instant quote based on your age, coverage required, driving record and vehicle type.
In Hawaii, your driving record, level of coverage purchased and adding a teen driver to your policy are the biggest factors that will impact car insurance costs. However, depending on your particular profile, the biggest factor for you may vary.
Insurance costs will typically depend on your particular profile characteristics. However, you can get a close estimate of the cheapest car insurance company in Hawaii for you using MoneyGeek’s car insurance calculator.
Our default driver pays $413 per year for car insurance with GEICO, the cheapest widely available auto insurer in Hawaii. Apart from cost, quality of coverage and customer service are also important factors to keep in mind when choosing a car insurer.
FACTORS TO CONSIDER WHEN GETTING A CAR INSURANCE ESTIMATE IN HAWAII
- We recommend using MoneyGeek’s car insurance calculator to get car insurance estimates or browsing our collection of sample drivers to find the cheapest car insurance in Hawaii.
- To get a better idea of how your state’s costs compare to others, you can use MoneyGeek’s analysis of the average cost of car insurance in Hawaii.
- If you’re not just focused on cost, MoneyGeek also scored the best car insurance companies in Hawaii based on the provider’s balance of affordability and service quality.
How Car Insurance Premiums are Calculated in Hawaii
If you don’t know how car insurance premiums in Hawaii are calculated, it is important to note that insurers use a variety of rating factors to determine car insurance costs. The most important factors used to calculate your car insurance premiums in Hawaii are your driving record, the level of coverage you purchase and whether you add a teen driver to your policy.
Having a poor driving record can multiply your car insurance rates by 3x in Hawaii.
How Much Adding a Teen Driver Matters in Calculating Car Insurance in Hawaii
Car insurance companies consider inexperienced drivers to be at higher risk to insure due to their increased likelihood of getting into an accident. This means that adding a teen driver to your policy will drive the cost of your car insurance up.
Adding a teen driver to your policy in Hawaii can multiply your car insurance costs by 1.7x.
How Much The Age of Your Car Matters in Calculating Car Insurance in Hawaii
In Hawaii, the age of your car will impact your car insurance costs. The newer your car is, the more expensive your car is, the higher your insurance costs will be.
In Hawaii, the age of your car can multiply car insurance rates by 1.4x.
How Much Coverage Levels Matters in Calculating Car Insurance in Hawaii
When you want to calculate how much car insurance you need in Hawaii, it is important to note that the level of coverage you choose will directly impact your premiums. The most expensive premium in Hawaii is for full coverage car insurance with liability limits of 100/300/100 and a $500 deductible. The cheapest option is a state minimum policy.
The level of coverage you purchase in Hawaii will impact your car insurance by up to 2.5x.
How Much Driving Record Matters in Calculating Car Insurance in Hawaii
Insurers use your driving record as a rating factor when calculating car insurance costs because it is an indicator of how likely you are to get into a crash. If you have a history of traffic violations, you will pay more for car insurance compared to a driver with a clean driving record.
In Hawaii, your driving record is the most important factor in the cost of your car insurance. A poor driving record can multiply your rates by up to 3x.
How Much Car Model Matters in Calculating Car Insurance in Hawaii
High-value cars typically cost more to insure because the cost of repairs are usually high. Some car models also tend to have a high theft index meaning that they are more likely to be stolen. This means the model of the car you want to insure will be a significant factor in the cost of your car insurance in Hawaii.
Depending on the model of the car you want to insure, your premiums can increase by 2x in Hawaii.
How to Calculate How Much Car Insurance You Need in Hawaii
Your car insurance costs in Hawaii will largely depend on the level of coverage you purchase. It is important to calculate how much car insurance you need in Hawaii to find the best balance of cost and protection.
Hawaii requires drivers to carry bodily injury liability, property damage liability and personal injury protection. However, you should consider buying additional liability insurance and comprehensive and collision insurance, depending on your situation.
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Understand Hawaii car insurance requirements
You can figure out how much car insurance you need in Hawaii by looking up Hawaii’s minimum car insurance requirements. However, if you purchase the minimum coverage required by Hawaii insurance laws, you will only be protected up to $20,000 bodily injury liability per person, $40,000 bodily injury liability per accident, $10,000 property damage liability and $10,000 personal injury coverage. Hawaii doesn’t require you to buy comprehensive and collision insurance, which protects you against damages to your car.
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Consider Purchasing Additional Liability Insurance
You may need liability insurance above the minimums required by Hawaii state laws if you want to be fully protected in the event of a major crash.
If you purchase a policy in Hawaii with $300,000 in bodily injury liability per accident, you will pay an average of $665 per year, compared to roughly $448 for a state minimum policy.
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Decide whether or not to buy comprehensive and collision insurance
It is important to determine whether you need a full coverage policy before you purchase car insurance. Hawaii law does not require you to have a full coverage policy with comprehensive and collision insurance. However, if you’re leasing or financing the purchase of your car, your lender may require it.
The cost of adding comprehensive and collision with a $1,000 deductible is an average of $333 per year in Hawaii. While full coverage offers better protection, you may want to drop it if you are paying hundreds of dollars per year to insure a car that is only worth a few thousand dollars.
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Consider buying additional protection besides these core coverages
Hawaii doesn’t require drivers to carry uninsured or underinsured motorist coverage. However, this coverage can protect you if you have an accident with an uninsured motorist who is at fault. In Hawaii, up to 9.3% of motorists are uninsured.
Additionally, drivers in Hawaii are covered for up to $10,000 in medical costs and lost wages since the state requires drivers to carry personal injury protection coverage.
Frequently Asked Questions About How Car Insurance is Calculated in Hawaii
The following commonly asked questions have more information on how to calculate insurance premiums in Hawaii.
How can I estimate how much my car insurance costs in Hawaii?
You can estimate how much car insurance costs in Hawaii using MoneyGeek’s car insurance calculator. This gives you an estimate based on your profile details such as age, driving history, coverage level required and type of car you want to insure.
What are the most important factors companies use to calculate auto insurance costs in Hawaii?
The most important factors that car insurers in Hawaii use to calculate car insurance premiums are your driving history, the level of coverage you purchase and adding a teen driver to your policy.
How do I calculate how much car insurance I need?
You can calculate how much car insurance you need in Hawaii by looking up the minimum coverage requirements required in the state. You should also consider additional liability coverage and comprehensive and collision insurance if you want to be fully protected.
Methodology
MoneyGeek partnered with Quadrant Data Services to get car insurance quotes from across Hawaii. Our data science team analyzed how personal factors impacted cost and incorporated our findings into our calculator to provide users with an accurate estimate of their expected yearly auto insurance costs. Read more about our methodology here.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.