Cheapest Car Insurance for Low-Income Drivers in Hawaii (October 2024)

For drivers in Hawaii with low income, GEICO offers the cheapest minimum coverage car insurance at $23 per month. Families with teens find the best rates with GEICO as well at $25 monthly. Although Hawaii doesn't offer state-backed insurance pools for drivers with low income, these affordable plans can help manage costs.

A minimum coverage policy is usually the cheapest, but it may not cover all expenses in an at-fault accident. Consider pay-per-mile insurance if you don't drive much, an even more affordable option in the Lone Star State.

Car insurance companies in Hawaii do not consider income when calculating your rates. Instead, they look at factors like age, driving record, credit history, and the type of car you drive. At-fault accidents and moving violations can increase your rates significantly. To find the cheapest rates, it's best to compare quotes from several insurance companies. This helps you see different options and choose the most affordable one. If your budget is tight, a basic minimum coverage policy is often the cheapest way to stay legal on the road. For drivers who rarely drive, pay-per-mile insurance is a great option to save money. MoneyGeek rounded up the cheapest insurers for low-income drivers in Hawaii to help you save.

To legally drive in Hawaii, you must have car insurance that meets the state's minimum car insurance requirements, which include:

• $20,000 for bodily injury liability per person
• $40,000 for bodily injury liability per accident
• $10,000 for property damage liability per accident
• $10,000 personal injury protection (PIP) per person

If you're on a tight budget, a liability-only car insurance policy may seem appealing as it covers expenses for the other driver if you're at fault in an accident. However, it won't cover damages to your own vehicle. To protect your own car, consider a full coverage car insurance policy, which includes collision and comprehensive coverages. These safeguard against a range of incidents, from theft to natural disasters.

For instance, if you live in an area of Hawaii known for volcanic activity or frequent storms, full coverage can offer peace of mind against natural damage to your vehicle. Understanding the risks and benefits of each coverage helps you choose the best option for your situation, ensuring you're well-protected on the Aloha State's roads.

Read More: Average Cost of Car Insurance in Texas

While car insurance rates don't hinge on income, your family setup does influence your premiums. In Hawaii, a single parent's annual premium can be $278 more than a married couple with one teen. Conversely, the same couple enjoys a rate that's $498 less each year.

The most affordable car insurance companies for a married couple with a teen in the Aloha State are:

• GEICO: $299 per year; $25 per month
• State Farm: $321 per year; $27 per month

For a single parent with a teen, the cheapest options are:

• GEICO: $577 per year; $48 per month
• State Farm: $643 per year; $54 per month

These figures show single parents may face steeper costs for minimum coverage auto insurance. The disparity often reflects the differing risks insurers associate with each family type. Keeping a solid credit history is key to unlocking lower rates because it signals financial responsibility to insurers.

Car insurance premiums generally decrease as you reach the early senior years (typically around age 55 to 65), especially if you have a clean driving record.

The two cheapest car insurance for senior drivers with low-income are:

• GEIOC: $23 per month, $275 per year
• Island Insurance Group: $28 per month, $333 per year

After age 70, car insurance rates typically increase, as older drivers are statistically considered higher risk. This trend continues each year, meaning premiums generally rise as seniors age. In Hawaii, there are specific laws and guidelines for seniors getting car insurance.

Income doesn't directly affect car insurance rates in Hawaii. Factors like your driving record, age, vehicle type, and location influence premiums. Hawaii also prohibits using credit history or gender to set rates. Understanding these key factors can help you make informed decisions and find the best car insurance for your needs in the Aloha State.

You don't need a state-sponsored program to cut costs — finding affordable car insurance in Hawaii is possible with the right strategies. Here are some tips to lower your premiums:

Finding affordable car insurance in Hawaii can be tough for drivers with low incomes. Here are answers to some of your most common questions on how to save.