Motorcycle Insurance in Hawaii: The Cheapest Quotes and Best Companies

Insurance laws in Hawaii require riders to have motorcycle insurance — it’s up to you to figure out which policy suits you best. Some riders prefer to purchase liability-only policies, which are the cheapest options available. That said, liability-only policies only offer limited protection. They provide coverage for injuries and property damage to third parties, but not damages to your motorcycle. Full coverage policies include collision and comprehensive insurance, which cover your bike and medical costs. This study used a 50/100/25 liability coverage policy for a rider with a good record in Hawaii.

Using quotes from several carriers, MoneyGeek determined which offer cheap motorcycle insurance for liability-only policies in Hawaii. These are:

• Progressive: $77 per year
• GEICO: $106 per year

Shopping around for motorcycle insurance quotes in Hawaii has its advantages. You can save as much as $77 per year on insurance premiums by comparing policies from different companies. For instance, Markel offers a similar policy at $154 a year, making Progressive’s rate half as expensive.

If you own a motorcycle, you want to ensure that it has protection from damages — and not just those sustained from being in an accident. You also want coverage for flying debris, natural disasters, vandalism and theft. Although full coverage policies have higher premiums than liability-only, you get better protection for your motorcycle because of collision and comprehensive insurance. It’s also good to remember that if you’re still making payments on your bike, you’ll most likely need a full coverage policy. In this analysis, MoneyGeek used a 50/100/25 full coverage policy with a $500 deductible for a rider with a good record in Hawaii.

Based on quotes from several carriers, you can get cheap full coverage policies for motorcycle insurance in Hawaii from:

• GEICO: $236 per year
• Progressive: $267 per year

GEICO’s rate is 57.2% lower than a similar policy from Markel, which costs $551. That’s a difference of $315 each year.

Riders in the U.S. pay an average of $364 a year for a full coverage policy. Rates across states, however, vary. Insurers consider several factors to determine how much motorcycle insurance will cost in Hawaii. These include your age, location within Hawaii, riding experience and riding record. On average, riders in Hawaii pay $351 per year or around $29 a month for a full coverage policy, roughly 3.5% lower than the national average.

In comparison, riders with liability-only coverage pay an average of $112 per year or around $9 a month. Although it's considerably more affordable, it doesn’t offer any coverage for your injuries or damages to your bike.

We computed averages for Hawaii using a policy with $50,000/$100,000 coverage for bodily injury and $25,000 for property damage. Full coverage policies included a $500 deductible and personal injury protection coverage.

Premium rates are always a factor when searching for motorcycle insurance in Hawaii. But there are other aspects worth looking into as well. MoneyGeek ranked several insurers using a unique rating system to identify which ones offer the best motorcycle insurance in Hawaii. We used state-specific numbers and considered insurers’ financial strength and product offerings in this analysis. The insurance company with the highest score is Progressive.

Using this rating system, MoneyGeek identified the three insurance companies that offer the best motorcycle insurance in Hawaii. These are:

Before deciding where to get motorcycle insurance in Hawaii, it’s best to compare quotes from different providers. You will need the following information to get a quote:

• Location where you keep the bike
• The bike’s year, make and model
• Your birthdate
• Riding record
• How much coverage you want (more details are provided below)

Hawaiian laws require everyone who rides a motorcycle to have liability coverage. It is also necessary for riders to carry proof of insurance on their bikes at all times. If you can't prove your motorcycle is insured when pulled over, you may receive a citation.

Based on the laws and insurance requirements of Hawaii, policies must have at least the following coverages:

• $20,000 per-person bodily injury liability (BI)
• $40,000 per-accident bodily injury liability
• $10,000 property damage liability (PD)
• Personal injury protection (PIP)

The minimum liability coverage requirement for motorcycle insurance in Hawaii is 20/40/10. It means that in an accident, $40,000 is the total coverage limit for bodily injuries of two or more people, with each person having a limit of $20,000. If there's damage to the other person’s property, your policy helps cover costs up to $10,000.

Aside from the minimum liability coverages required, riders need to have personal injury protection of $10,000 to cover medical expenses and lost wages on a no-fault basis.

Most states require riders to have motorcycle insurance, and Hawaii is no exception. Given the various factors riders need to consider when purchasing motorcycle insurance in Hawaii, here are the answers to some commonly asked questions:

MoneyGeek completed a study using quotes with varying coverage limits and different driver profiles from several providers to identify which offers the least expensive premium in Hawaii. An internal rating system and figures specific to the state determined the insurer with the best insurance for motorcycles in the state. Overall scores were calculated using premium prices (60%), product and service portfolios (30%) and financial strength (10%). Insurance requirements in Hawaii were based on information from the Department of Motor Vehicles in Hawaii.