Average homeowners insurance cost in Hawaii

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Whether you’re buying a new home or want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. However, home insurance policies can get expensive, depending on your insurer and the coverage level you choose.

On average, Hawaii homeowners insurance costs $593 a year, based on Insure.com’s data.

Learn more about the average homeowners insurance rates by company and ZIP code in Hawaii.

Key Takeaways

Homeowners insurance costs an average of $593 a year, based on Insure.com analysis.
Of all the ZIP codes in Hawaii, 96813 has the most affordable home insurance rates at around $590 annually.
In Hawaii, Universal Insurance Co provides the most affordable home insurance at an average annual premium of $385.

Average home insurance cost in Hawaii by coverage level

The average cost of homeowners insurance in Hawaii is $593 per year for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.

However, if you increase the dwelling coverage limit from $300,000 to $400,000, you will pay $771 per year for homeowners insurance in Hawaii for $100,000 in liability protection and $1,000 deductible. Below, you can find the average cost of homeowners insurance in Hawaii for dwelling coverage of $300,000, $400,000 and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$441	$37
$200,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$461	$38
$300,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$593	$49
$300,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$613	$51
$400,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$771	$64
$400,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$791	$66
$600,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$1,134	$95
$600,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$1,154	$96
$1,000,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$1,811	$151
$1,000,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$1,831	$153

Homeowners insurance companies in Hawaii decide rates based on risk. They consider your location, claims history, credit history and coverage limit when calculating premiums.

If your neighborhood has seen many claims over the past few years, you can expect to pay higher home insurance rates than an area with few to no claims. Your credit score can also play a role in determining your home insurance costs.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in Hawaii

It’s always wise to shop around and compare prices before you buy homeowners insurance. There are many factors that go into deciding the best homeowners insurance company.

We have compared the insurers in Hawaii using their NAIC score and AM Best rating and compiled a list of the best homeowners insurance in Hawaii. Based on the analysis, State Farm received the lowest NAIC score and A++ rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
State Farm	$395	A++	0.95	5
Dongbu Insurance	$464	A	0.68	4.77
AIG	$606	A	0.09	4.64
Allstate	$516	A+	0.9	4.63
Universal Insurance Co	$385	A-	3.45	3.81

Average homeowners insurance cost by company in Hawaii

Universal Insurance Co has the cheapest homeowners insurance rates in Hawaii. Its average annual cost for Hawaii homeowners is $385. State Farm and Dongbu Insurance also offer affordable insurance.

By comparing homeowners insurance rates, you could save hundreds, if not thousands, of dollars annually.

The table below shows the average annual and monthly insurance rates for homeowners in Hawaii with $300,000 in dwelling coverage, $100,000 in liability coverage, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Universal Insurance Co	$385	$32
State Farm	$395	$33
Dongbu Insurance	$464	$39
Allstate	$516	$43
AIG	$606	$51
Island Insurance	$649	$54
Tokio Marine Holdings	$652	$54
RLI Insurance	$773	$64
Ocean Harbor	$898	$75

Hawaii homeowners insurance rates by ZIP code

Insurance providers in Hawaii factor in the risk of a given location when determining rates. ZIP codes with higher crime rates or frequent natural disasters are typically classified as high-risk, leading to increased premiums. Additionally, the cost of rebuilding or repairing homes in that area can affect your homeowners insurance costs.

To get the best deal on homeowners insurance rates in Hawaii, take the time to shop around and compare quotes from multiple insurers. Additionally, don’t forget to ask about potential discounts, like bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in Hawaii

Not every area in Hawaii has the same home insurance cost. How much you pay for homeowners insurance in Hawaii depends on many factors, including your ZIP code. Our data shows that 96813 ZIP has low-cost home insurance rates in Hawaii, at about $590 a year or $49 monthly.

Below you can find homeowners insurance rates for some of the most affordable ZIP codes in Hawaii.

ZIP code	Average annual rate	Average monthly rate
96813	$590	$49
96701	$593	$49
96703	$594	$49
96763	$596	$50

Most expensive ZIP codes for home insurance rates in Hawaii

Your ZIP code plays a significant role in determining the cost of your homeowners insurance. In Hawaii, some areas face higher premiums due to factors like high crime rates, greater risk of natural disasters and higher living expenses.

In Hawaii, 96763 has the highest homeowners insurance rates, at $596 per year.

Here, we’ve highlighted some of the most expensive ZIP codes in Hawaii for homeowners insurance:

ZIP code	Average annual rate	Average monthly rate
96763	$596	$50
96796	$594	$49
96898	$593	$49
96859	$590	$49

Home insurance rate trend in Hawaii

We analyzed home insurance rate trends in Hawaii and found that homeowners insurance rates experienced an overall increase of 6% or $31, from 2022 to 2023.

The data below shows how much homeowners insurance rates have changed since 2019.

2019 rates	2022 rates	2023 rates
$477	$562	$593

To choose the right homeowners insurance, it’s important to conduct thorough research and compare rates from various insurers, as each evaluates risk differently. Comparing quotes from at least three companies can help you secure the most affordable coverage in Hawaii.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.