Average Costs and Cheapest Homeowners Insurance Companies in Hawaii

Allstate is consistently the cheapest option in Hawaii, offering low-cost policies for different dwelling coverages, including Hawaii residents with expensive homes, newer homes and homes with a pool.

Universal North America is the second-best option for expensive homes. For newer homes and homes with a pool, you can also take a look at offers from State Farm.

MoneyGeek looked at thousands of quotes from insurers in Hawaii to get averages, so you can find the cheapest options for your needs and also used costs and service measures to break down the best homeowners insurance providers in Hawaii if you want to balance cost and quality.

The cheapest homeowners insurance providers in Hawaii differ depending on dwelling coverage needs. Policies from Allstate for a baseline dwelling coverage of $500,000 cost $446 per year.

The same insurer also offers low-cost policies at other dwelling coverages levels:

• Cheapest for $100,000: Allstate
• Cheapest for $250,000: Allstate
• Cheapest for $500,000: Allstate

The amount of home insurance coverage you need is proportionate to the cost to replace your home. If you need a higher coverage limit than the amount provided above, you can see estimate quotes by toggling the table below.

Your preferred coverage level is one of the biggest factors affecting the cost of your homeowners' insurance. The average cost of homeowners insurance in Hawaii is $764 per year for a $500,000 baseline dwelling coverage.

The higher the coverage, the more expensive your premiums will be. Dwelling coverage worth $100,000 in Hawaii costs an average of $220 per year. In contrast, a dwelling coverage of $3,000,000 costs $5,225 per year on average.

To determine how much your homeowners insurance in Hawaii will be, companies evaluate your circumstances and check area-related risks. They will look at the property’s location, how far it is from a fire department, its dwelling value, the roof’s quality, whether you have an aggressive dog breed, if you own a pool, and the deductibles you choose.

To see how different factors affect your premiums, you can use MoneyGeek’s calculator and modify the dwelling coverage limits to see what’s best for your needs.

MoneyGeek studied quotes for different dwelling coverages by gathering thousands of quotes from several insurance providers in Hawaii.

The two most affordable homeowners insurance policies in Hawaii for expensive properties with $2,000,000 in coverage are:

• Allstate: $2,202 per year
• Universal North America: $2,628 per year

Even at the same coverage levels, prices can vary significantly between insurance providers. Shopping around and comparing quotes from multiple providers is essential when buying a policy.

If you have a newer home and need $250,000 worth of dwelling coverage, MoneyGeek helps you find the cheapest providers by compiling thousands of quotes in our study.

To get the average homeowners insurance rates in Hawaii for newer homes, we used a sample home built in 2015. These are the two cheapest options:

• Allstate: $200 per year
• State Farm: $369 per year

If you own a home built in 2015, you can save as much as $79 on average compared to a home built in 2000. Numbers for homes built in 2000 differ from the above quotes due to a different ZIP code collection process.

You can save around $79 if you live in a home built in 2015, compared to a house built in 2000. In addition to wear and tear, older homes are expensive to repair, with features that are more difficult to replace, accounting for the higher rates.

Hawaii residents with pools should expect homeowners insurance to be higher than average.

For a baseline dwelling coverage of $250,000, the cheapest low-cost homeowners insurance in Hawaii for pool owners are:

• Allstate: $238 per year
• State Farm: $473 per year

Insurance providers raise home insurance costs if you own a pool in your home because it increases the risk of injuries or death.

In most cases, insurance providers look at an individual’s credit score to determine the cost of a policy. The idea is that people who have lower credit scores tend to have higher insurance losses and claims payouts.

But not all states permit this practice. Hawaii is one of the states that do not allow providers to use credit scores to determine homeowner insurance rates.

Homeowners' insurance costs and companies with the cheapest rates can change depending on the city where your home is located.

In Hawaii, Allstate is the most affordable home insurance company in Honolulu. At an average cost of $446 per year, it is $318 cheaper than the city's average rates across all companies.

If you want to find the best homeowners insurance in Hawaii, you must disclose certain information about yourself. To get a binding home insurance quote from a particular insurance provider in Hawaii, you will need to provide your name, address and Social Security Number.

Aside from these, an insurer will also need additional information to calculate your annual premium. Insurance companies may consider the age of your home, its current value, the value of everything inside it, the type of home, the materials used, its condition and the estimated cost of rebuilding it.

Let the company know if you have other safety features like home security or energy-saving systems because that may affect your annual premium.

Without having to disclose your personal information, you can get a home insurance estimate using MoneyGeek’s home insurance calculator. We based our estimates on thousands of quotes.

MoneyGeek analyzed homeowners insurance premiums from 4 of the top insurance companies in Hawaii that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Hawaii. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $500,000, liability coverage of $100,000 and personal property coverage of $100,000.