Cheapest Homeowners Insurance in Hawaii (2024 Rates)

Hawaii residents seeking cost-effective home insurance will find Allstate to be a top choice, especially for those looking for $100K coverage. However, if your coverage needs extend to high-value homes with $1 million in coverage, RLI offers the most economical option.

Looking for budget-friendly home insurance in Hawaii? Try Allstate is the most affordable for $100K in dwelling coverage at an average of $188 annually. It's crucial to understand how home insurance rates can differ substantially based on your dwelling coverage. In Hawaii, the cheapest home insurance providers for various dwelling coverages include:

• Cheapest for $100,000: Allstate at $188 per year
• Cheapest for $250,000: DB Insurance at $256 per year
• Cheapest for $500,000: DB Insurance at $534 per year

Take a look at the cheapest home insurance providers below to see how costs adjust according to dwelling coverage.

For affordable home insurance in Hawaii, compare quotes from different providers. Use MoneyGeek's home insurance calculator to get Hawaii quotes quickly without sharing personal details first.

Seeking the most economical home insurance for high-value homes in Hawaii? DB Insurance provides the lowest rate for $750K Dwelling Coverage at a mere $819 annually. With dwelling coverage being the primary factor influencing home insurance costs, high-value homes generally pay more. Let's examine the most cost-effective options:

• Cheapest for $750,000: DB Insurance at $819 per year
• Cheapest for $1MM: RLI at $1,070 per year

We advise homeowners to purchase dwelling coverage for their home's replacement cost, separate from property value. View the cheapest home insurance in the table below to see how coverage impacts costs.

The most economical home insurance for $100K in dwelling coverage in Hawaii is offered by Allstate with an annual premium of $121. The cost of insurance for new homes in Hawaii is generally lower, mainly because newer homes are less likely to require repairs or have structural issues that could lead to claims.

As far as different coverage levels are concerned, you'll find:

• Cheapest for $100K Dwelling: Allstate at $121 per year
• Cheapest for $250K Dwelling: DB Insurance at $200 per year
• Cheapest for $500K Dwelling: DB Insurance at $297 per year

To see how costs change for a newly constructed home based on dwelling coverage, ytake a look at the table below. Remember, understanding insurance pricing in Hawaii will help you make informed decisions that meet your budget and risk tolerance.

If you're living in Hawaii and have made one claim in the past five years, the most affordable home insurance provider is Allstate, costing $188 annually for $100K in dwelling coverage. It's crucial to note that a previous claim tends to lead to higher costs for future claims.

Here are the cheapest companies in Hawaii if you've had one claim in the past five years and are looking at varying coverage values:

• Cheapest for $100,000: Allstate at $188 per year
• Cheapest for $250,000: DB Insurance at $278 per year
• Cheapest for $500,000: DB Insurance at $579 per year

It's also important to consider the impact of multiple claims. Comparing the average cost of home insurance in Hawaii, homeowners claim-free in the past five years pay on average $22 less annually than those with two claims for $100K in dwelling coverage. Thus, preserving a no-claim record is beneficial for saving money over the long term.

The type of construction and the materials used for the roof of your home significantly influence the cost of your home insurance. For a frame construction type house with a shake-treated roof in Hawaii, Allstate provides the cheapest annual premium at $188. These factors contribute to a higher cost of insurance because they are considered more vulnerable to potential damage.

The least expensive premiums for varying dwelling coverage in Hawaii are as follows:

• Cheapest for $100,000: Allstate at $188
• Cheapest for $250,000: DB Insurance at $256
• Cheapest for $500,000: DB Insurance at $534

Hawaiian homeowners with superior construction type houses and tile roofs pay on average $43 less annually for their insurance compared to those with frame construction type houses and shake-treated roofs. Essentially, using higher quality building and roofing materials lessens your insurance costs, a fact particularly relevant for Hawaiians due to the extreme weather conditions often experienced in the area.

Adjusting your deductible might save you hundreds annually. For a $2,000 deductible in Hawaii, the most affordable home insurance company is Allstate at a cost of $188 per year, while the cheapest for a $500 deductible is DB Insurance at $200 annually.

For different deductible levels, the cheapest companies are:

• $2,000 deductible: Allstate at $188 per year
• $1,500 deductible: Allstate at $188 per year
• $1,000 deductible: Allstate at $188 per year
• $500 deductible: DB Insurance at $200 per year

In home insurance, a deductible is what you pay before your insurance kicks in. The average cost difference for a $2000 vs $500 deductible across all insurers is $43.

When seeking the most affordable home and auto bundle policy in Hawaii, State Farm ranks first with an annual premium of $1,063. Maximizing savings is possible by bundling home and auto insurance together.

• State Farm at $1,063 per year
• Allstate $1,513 per year

The advantages of bundling extend beyond cost, offering the convenience of managing both policies under one insurance provider. This enhances the customer experience, enabling efficient policy management and a singular point of contact. Learn more about the best Hawaii insurance bundle and experience the benefits first-hand.