Best Homeowners Insurance in Hawaii (2024)

State Farm has the best home insurance in Hawaii for 2024, with a MoneyGeek score of 91 out of 100 and an average annual premium of $227.

Updated: December 4, 2024

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State Farm excels as the best and cheapest home insurance company in Hawaii. AIG Insurance offers superior benefits for customer service and new homes, while RLI is optimal for those requiring higher dwelling coverage limits.

Unless indicated otherwise, our quote comparisons used a $100,000 dwelling coverage limit. The amount of dwelling coverage and how much insurance you need directly impacts your premium.

Additionally, MoneyGeek has scrutinized the cheapest home insurance in Hawaii for budget-conscious individuals prioritizing price over service.

Key Takeaways

For homeowners in Hawaii seeking the best overall insurance provider, State Farm leads with a MoneyGeek score of 91 out of 100, offering budget-friendly premiums at $227 per year. Allstate follows as the runner-up with a score of 84 out of 100 and slightly lower premiums at $217 per year. State Farm stands out for its balance between cost and coverage, while Allstate offers competitive pricing and strong service credentials.

In Hawaii, State Farm offers the cheapest homeowners insurance with a premium of $217 per year, making it an exceptional choice for budget-conscious homeowners. Allstate also provides competitive rates and ranks as the runner-up in affordability.

For exceptional customer service in Hawaii, AIG Insurance leads as the best homeowners insurance provider, with a MoneyGeek score of 93 out of 100. State Farm follows as the runner-up, earning a score of 85 out of 100.

Why Trust MoneyGeek? Our research utilizes credible information from the Hawaii Department of Insurance and Quadrant Information Services, ensuring reliable homeowners insurance recommendations for Hawaii.

Home insurance rates in Hawaii represent the latest quotes as of July 2024.

138,240Quotes Analyzed

8Companies Compared

6ZIP Codes

Overall Best Homeowners Insurance in Hawaii

State Farm is the premier company offering the best home insurance in Hawaii. Whether you're safeguarding your home against volcanic activity or tropical storms, take a look at the best overall homeowners insurance providers in Hawaii below.

State Farm: MoneyGeek score of 91 out of 100 ($227 per year)
Allstate: MoneyGeek score of 84 out of 100 ($217 per year)

In Hawaii, you're faced with a unique mix of insurance needs. Finding the right balance between cost and quality service is paramount.

Best OverallState Farm

MoneyGeek Score:

91/ of 100

Overview

State Farm leads in customer satisfaction for home insurance in Hawaii. With a MoneyGeek score of 91, they demonstrate a clear commitment to pleasing their clients. The average annual premium for State Farm homeowners in Hawaii is $227.

Earthquake coverage from State Farm provides protection against natural disasters like earthquakes or mudslides, a very rare offering that can offer peace of mind in volatile regions. Additionally, earth movement exclusion prevents loss from events like landslides and sinkholes, adding an extra layer of security.

Best Homeowners Insurance in Hawaii for Customer Service

AIG Insurance leads the charge as the best home insurance provider in Hawaii when it comes to service quality. For those prioritizing exceptional service, these providers are the best:

AIG Insurance: MoneyGeek score of 93 out of 100 ($254 per year)
State Farm: MoneyGeek score of 85 out 100 ($227 per year)

Homeowners should seek out insurers that offer solid financial backing and a commitment to customer satisfaction — for instance, timely assistance following storm damage to their homes.

Best for ServiceAIG

MoneyGeek Score:

93/ of 100

Overview

AIG Insurance in Hawaii has an impressive customer satisfaction score of 59 out of 65, indicating a high level of service quality that policyholders appreciate. With an average annual premium of $254, this provider offers affordability alongside excellence.

Alongside the common discounts, AIG Insurance offers guaranteed replacement cost, allowing for the rebuilding of your home to its pre-loss condition without depreciation concerns. Additionally, energy efficiency upgrade is available, covering sustainable materials and construction choices after a covered loss, promoting environmentally friendly recovery for homeowners.

Best Cheap Homeowners Insurance in Hawaii

State Farm stands out as an affordable option, ensuring peace of mind without breaking the bank. Take a look at the best and cheapest homeowners insurance providers in Hawaii for those on a budget below.

State Farm: MoneyGeek score of 93 out of 100 ($227 per year)
Allstate: MoneyGeek score of 90 out of 100 ($217 per year)

State Farm emerges as a budget-friendly choice for homeowners. Even though this provider offers the cheapest premiums, that doesn't always equate to the best service. Considering the average cost of home insurance in Hawaii, savvy homeowners seek a balance between cost and quality service.

Best CheapState Farm

MoneyGeek Score:

93/ of 100

Overview

State Farm ranks high in affordability, with an average annual premium for a policy of $227. State Farm offers a variety of discounts to help homeowners save on their insurance costs. Home security measures and bundling policies are two common options available.

Protective device discounts encourage you to have safety features like alarms, which can deter theft and damage, leading to fewer claims and savings for you. Bundle discounts reward you for holding multiple policies with State Farm, simplifying your finances while reducing overall expenses.

Best Homeowners Insurance in Hawaii for Expensive Homes

RLI stands out as the top provider for home insurance in Hawaii for those with high-value homes. These providers are leading the market for homeowners needing $1 million in dwelling coverage.

RLI: MoneyGeek score of 85 out of 100 ($1,070 per year)
State Farm: MoneyGeek score of 72 out of 100 ($1,930 per year)

RLI not only tops the list with a MoneyGeek score of 85 but also boasts an affordability score of 55 out of 55. When insuring high-value homes, which often require more coverage, finding the right balance of cost and quality in insurance is crucial. RLI seems to deliver on both fronts.

Best for Expensive HomesRLI

MoneyGeek Score:

85/ of 100

Overview

RLI stands out in Hawaii as the premier home insurance provider for expensive homes, boasting a perfect affordability score of 55 out of 55. Homeowners can expect an average annual premium of $1,070.

While RLI offers competitive rates, homeowners have even greater opportunities for savings. With common discounts for additional safety measures, you can lower your premium while enhancing the security and value of your home.

RLI ensures comprehensive coverage options that cater to your specific needs. Although the company does not offer tiered add-on coverages or specific discounts, it maintains robust basic policies that secure your expensive home comprehensively without the need for extras.

Best Homeowners Insurance in Hawaii for New Homes

AIG Insurance is the superior provider of home insurance for new homes in Hawaii. These providers lead the market, offering exceptional value and comprehensive coverage for homeowners seeking protection for their abode.

AIG Insurance: MoneyGeek score of 100 out of 100 ($721 per year)

AIG Insurance provides an ideal balance for homeowners who prioritize both cost-efficiency and reliable customer service.

Best for New HomesAIG

MoneyGeek Score:

100/ of 100

Overview

AIG Insurance emerges as the top home insurance provider for new homeowners in Hawaii, boasting a perfect affordability score and an average annual premium of $721. One notable offering is its guaranteed replacement cost, ensuring on-site rebuilding that matches your home's original quality and materials.

AIG's policies can also be affordable with available discounts. The protective device discount incentivizes the installment of smoke alarms for reduced premiums, while the rare affinity discount rewards members of affiliated groups with exclusive savings opportunities.

Best Homeowners Insurance in Hawaii for Veterans

For those who've served, State Farm is the best home insurance provider in Hawaii with the highest MoneyGeek score. Its policies have an annual premium of $227. State Farm, along with AIG Insurance, emerge as Hawaii's premier choices for veterans and military families seeking home insurance.

State Farm: MoneyGeek score of 91 out of 100 ($227 per year)
AIG Insurance: MoneyGeek score of 88 out of 100 ($254 per year)

Selecting the best homeowners insurance company for veterans is crucial due to their distinctive lifestyle, which can include frequent moves and periods of deployment.

Best for VeteransState Farm

MoneyGeek Score:

91/ of 100

Overview

State Farm stands out in Hawaii for veterans seeking home insurance. It offers a competitive average annual premium of $227. Offering scheduled personal property coverage, State Farm ensures your high-value items like jewelry or electronics are protected beyond the standard policy limits.

State Farm rewards homeowners with multi-line discounts when they bundle home and auto insurance, promoting substantial savings. Additionally, installing protective devices such as smoke detectors or security systems can lead to discounts.

How to Find the Best Homeowners Insurance in Hawaii for You

What constitutes the best homeowners insurance for you hinges on your individual needs and the unique aspects of your home. In the forthcoming steps, we’ll guide you through evaluating and selecting a policy that suits you.

1
Assess Your Insurance Needs
Start by evaluating your specific insurance requirements to ensure adequate coverage for your property and possessions. Reflect on the value of your home, the area's natural perils, and your personal assets. For insights on determining how much home insurance coverage you need, visit this resource.
2
Research Various Providers
Investigate several insurance carriers, examining their market reputation, customer service record and financial solidity. Look for insurers that have a proven track record in the industry and positive reviews from policyholders.
3
Compare Coverage and Costs
Gather and compare quotes from multiple insurers to evaluate the relationship between cost and the range of offered coverage. Carefully reviewing these aspects can lead to significant savings.
4
Understand the Policy Details
Scrutinize the terms and details of the insurance policy, including coverage limits, deductibles and exclusions. Grasping these particulars confirms that you understand your responsibilities and the scope of the insurance company's obligations.
5
Consult with an Independent Agent
Speak with an impartial insurance agent who can offer expert advice tailored to your needs. An independent agent can help you navigate the complexities of homeowners insurance and assist in finding the best policy for your situation.

DOES HOME INSURANCE COVER FLOOD DAMAGE IN HAWAII?

Flood insurance isn’t legally required for homeowners in Hawaii. However, due to the island’s vulnerability to flooding, having flood insurance in Hawaii can provide valuable peace of mind.

FAQ: Homeowners Insurance in Hawaii

Selecting the best homeowners insurance provider in Hawaii hinges on aligning offerings with your individual needs. To help you with this decision, we've compiled a list of frequently asked questions about the best homeowners insurance providers in Hawaii.

Which insurance company is best for home insurance in Hawaii?

The best overall home insurance provider in Hawaii is State Farm, with a MoneyGeek score of 91 out of 100 and an average annual premium of $227.

Who has the most affordable homeowners insurance in Hawaii?

State Farm offers the cheapest homeowners insurance in Hawaii, with an average annual premium of $227. Homeowners may be able to lower their costs further if they qualify for discounts.

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.

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Best Homeowners Insurance in Hawaii (2024)

Key Takeaways

Overall Best Homeowners Insurance in Hawaii

Best Homeowners Insurance in Hawaii for Customer Service

Best Cheap Homeowners Insurance in Hawaii

Best Homeowners Insurance in Hawaii for Expensive Homes

Best Homeowners Insurance in Hawaii for New Homes

Best Homeowners Insurance in Hawaii for Veterans

How to Find the Best Homeowners Insurance in Hawaii for You

Assess Your Insurance Needs

Research Various Providers

Compare Coverage and Costs

Understand the Policy Details

Consult with an Independent Agent

FAQ: Homeowners Insurance in Hawaii

Which insurance company is best for home insurance in Hawaii?

Who has the most affordable homeowners insurance in Hawaii?