Best and Cheapest Homeowners Insurance in Hawaii for 2024

The Best Homeowners Insurance in Hawaii

It may seem unlikely that you’ll have to file a homeowners insurance claim, but there are many things that can cause you to have to. Whether it’s a water damage claim, an injury to a third party, a break-in or damage from a natural disaster, there’s unfortunately plenty of potential reasons to file a claim with your homeowners insurance company. In the event that time comes, don’t you want to feel confident you’ve protected your home with one of the best homeowners insurance companies in Hawaii?

To help you be more confident in your homeowners insurance company, we have reviews and rankings for hundreds of homeowners insurance companies so you can evaluate and compare the best Hawaii home insurance companies. In the table above, you can sort through every homeowners insurance company ranked on Clearsurance. Next to each insurer you’ll find the company’s rating, which is based exclusively on the reviews and ratings provided by customers. Note: Only those companies with at least 25 homeowners insurance reviews are eligible to appear in the best Hawaii homeowners insurance rankings.

If you’re looking for additional information on one of the best homeowners insurance companies in Hawaii, you can visit the company’s profile page where you’ll learn about the company, additional coverages and potential discounts offered. You can also read reviews to see what other policyholders have to say about the particular Hawaii home insurance company.

On this page:

• Cheapest homeowners insurance rates in Hawaii for a $200K dwelling
• Cheapest homeowners insurance rates in Hawaii for a $400K dwelling
• Hawaii property crime statistics
• Hawaii disaster statistics

Who offers the best homeowners insurance rates in Hawaii for a $200K home?

Over 60% of Hawaii residents own a home which means you're probably looking for the best homeowners insurance. Luckily, Hawaii is the cheapest state for home insurance, but price isn't the only factor when buying a homeowners policy.

Of some of the largest companies in Hawaii, Allstate offers the cheapest homeowners insurance rates for a $200K home in Hawaii.

Compare the cheapest average homeowners insurance rates in Hawaii in the table below, which includes four of the largest home insurers in the state.

Check out the average cost for $200,000 in dwelling coverage

These rates are based on a $200,000 dwelling with the following coverage limits: $100,000 personal property, $20,000 loss of use, $20,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in Hawaii will differ. Rate data is provided by Quadrant Information Services.

Who offers the best homeowners insurance rates in Hawaii for a $400K home?

Of the largest insurers in Hawaii, Allstate has the cheapest Hawaii homeowners insurance rates on average for a home worth about $400K.

In the table below, you can see the average home insurance rates in Hawaii for the five most popular homeowners companies in the state.

These rates are based on a $400,000 dwelling with the following coverage limits: $200,000 personal property, $40,000 loss of use, $40,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in Hawaii will differ. Rate data is provided by Quadrant Information Services.

What do Hawaii property crime statistics indicate?

Theft and vandalism or malicious mischief are among the 16 perils a standard homeowners insurance policy protects you from. So, how does crime in Hawaii compare to other states around the country? The FBI published the following statistics on crime in Hawaii for 2016:

• Property crime - 42,753
• Burglary - 6,017
• Larceny theft - 31,082

The property crime and larceny theft rates in Hawaii are higher than the national average rate per 100,000 inhabitants while the burglary rate is slightly lower than the national average.

What do Hawaii disaster statistics indicate?

Weather-related incidents are typically among the costliest homeowners insurance claims. FEMA has published statistics for each state since 1953. Data is updated through August 2018. Here’s a look at the Hawaii federally declared disasters since 1953:

• Fire - 15
• Flood - 9
• Severe storm - 7
• Earthquake - 4
• Volcano - 3
• Hurricane - 2
• Mud/landslide - 1
• Tsunami - 1
• Typhoon - 1

How are homeowners insurance rates calculated in Hawaii?

Ever wonder why you pay what you do for home insurance in Hawaii? Some things may be obvious, like the age of your home. But other factors that contribute to the price of home insurance may not be as obvious. Here’s a list of some of the things homeowners insurance companies consider when quoting you a rate:

• The level of coverage required
• The size of your mortgage
• Your credit score
• The square footage of your home
• The geographic location of your home in Hawaii
• The condition of your home
• The age of your home
• The proximity of your home to a fire station
• Your previous claims record
• The amount of your deductible
• Optional add-ons like umbrella insurance

Zillow estimates that homeowners can expect to pay approximately $35 each month for every $100,000 of your home's value.

Hawaii homeowners with a mortgage are required to carry a separate hurricane insurance policy, which is why the cost of a homeowners policy may be lower. However, the average premiums will depend on dozen of other factors such as the age and construction of your home, replacement cost, property claims history, and even your marital status.

Hawaii is relatively safe from natural disasters, however, there are still specific causes of loss and insurance considerations to take in mind when buying property insurance. These common causes of property losses include: floods, earthquakes, wildfires and hurricanes. All of these perils are excluded from a standard homeowners policy and require an additional policy to get coverage.

How does Clearsurance rate and rank the best homeowners insurance companies in Hawaii?

Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:

• Price
• Customer Service
• Claim service
• Likelihood to renew

The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better.

The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.

Homeowners Insurance Guide

Your home is likely your most valuable asset, making it that much more important that you insure your home with one of the best Hawaii homeowners insurance companies. But beyond just picking an insurance provider, it’s crucial to have the right coverage and to understand that coverage. Did you know that a standard homeowners insurance policy has six types of coverage? And did you know that there are usually 16 types of perils found in a homeowners insurance policy?

At Clearsurance, we want to make sure you have a strong understanding of your homeowners insurance coverage and what it all means. Check out our homeowners insurance guide to become a smarter insurance customer. And for more educational content on other homeowners insurance topics, check out our homeowners insurance blog!