Best and Cheapest Hawaii Renters Insurance as Rated by Customers in 2021
A common misconception is that your landlord’s insurance will cover your belongings if you experience theft or fire in your apartment, but that’s not true. It’s important to know that your landlord’s insurance covers the building you’re renting while renters insurance covers your personal belongings and provides liability protection. Each policy offers different but important coverages.
So if you want to ensure you’re properly covered while renting, it’s important to find one of the best Hawaii renters insurance companies. But where do you start? In the table above, you can sort through all the renters insurance companies ranked on Clearsurance. The rating next to each company — the insurer’s Clearsurance score — is based exclusively on the thousands of ratings provided by customers. Note: Only those companies with at least 25 renters insurance reviews are eligible to appear in the best Hawaii renters insurance rankings.
Interested in learning more about one of the companies on the list of the best renters insurance companies in Hawaii? You can visit the company’s profile page to find more information about the company and read reviews to learn from the experiences of other policyholders.
On this page:
- Hawaii renters insurance rates
- Average cost of renting in Honolulu
- Renters insurance for Hawaii college students
- Hawaii property crime statistics
Out of the most popular renters insurance companies in Hawaii, State Farm offers the cheapest Hawaii renters insurance rates, on average.
In Hawaii, renters insurance rates depend on factors specific to you as well as the company you choose. Some companies may offer renters insurance in Hawaii for a cheaper rate than others. In the table below, you can see average Hawaii renters insurance rates from some of the largest companies in the state.
|Company||Average renters insurance rates|
These average renters insurance rates are based on a policy with $30,000 in personal property coverage (with a $500 deductible), $100,000 in personal liability and $1,000 in medical payments to others. 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.
In Honolulu, the average cost of rent is $1,846 per month, but the price can vary based on your location and size of your apartment.
Honolulu is the most populous city in Hawaii with nearly half a million residents. Honolulu is known for its beaches, laid-back lifestyle and the Hawaiian luau, but it’s still a large metropolitan city. While the average monthly rent for an apartment in Honolulu is $1,846, the average for most areas of Honolulu stands at $1,783 per month, including in areas like Makiki Heights and the Punchbowl area. However, the cost can vary based on location within the city. The average cost of an apartment in Downtown Honolulu is $1,668 per month while the average cost in the Academy of Arts area is $798 per month.
Just like area affects rent costs, so does the type of apartment. The average cost of a studio apartment in Honolulu is $1,726 per month and the average cost of a one-bedroom apartment is $1,854. On the other hand, a three bedroom apartment costs an average of $2,710 per month. Something else renters should consider when renting in Honolulu is renters insurance. At a low monthly rate, renters insurance can protect your personal items from common perils experienced in apartments, such as theft.
Hawaii may be a group of small islands in the middle of the Pacific Ocean, but it actually has a handful of colleges and universities including Brigham Young University and the University of Hawaii. If you find yourself attending a college in the desirable Aloha State, you’ll likely be living in a dorm or renting an off-campus apartment. There are a few things for college students renting housing in Hawaii to consider in order to protect their personal belongings.
Typically, college students who live in dorms located on the college campus are covered by their parents homeowners insurance policy. That’s usually only the case for students who live on campus, though. College students in Hawaii who rent apartments off campus should consider a renters insurance policy because their items won’t be covered under their parents’ policy, and without a renters insurance policy, they won’t have any protection.
College students will most likely have roommates in the apartment they rent. It’s not advised that students share renters insurance policies with roommates. Rather, each student should have their own renters insurance policy to protect their own belongings.
Theft and vandalism or malicious mischief are among the 16 perils a standard renters 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.
How to save money on your renters insurance in Hawaii
While renters insurance may be more affordable than other types of insurance, no one wants to pay more than they have to. So what are the different ways that you can lower your Hawaii renters insurance premium and have some extra spending money?
Here are the top 5 ways to save on your renters insurance:
- Raise your deductible
- Ask about potential discounts
- Bundle your policies
- Determine the value of your personal property
- Pay in full by check
How Clearsurance rates and ranks the best renters 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:
- 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.
Renters insurance guide
As we mentioned above, there’s common misconceptions regarding what is and isn’t covered by a renters insurance policy. Before you purchase a policy from one of these best renters insurance companies in Hawaii, it’s important to understand what your policy covers. For example, did you know that many renters insurance policies include liability protection in the event a non-resident is injured on the property. Plus, if your apartment becomes uninhabitable from an incident, some policies may cover your expenses as you find temporary housing in Hawaii.
We want to make sure you’re equipped with a proper knowledge of renters insurance, so check out our renters insurance guide. Looking for more educational information about renters insurance? Check out our renters insurance blog for more information and topics related to renters insurance.