Average homeowners insurance cost in Hawaii

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Whether you’re buying a new home or safeguarding the one you already own, it’s important to have comprehensive homeowners insurance. However, the amount you’ll pay depends on the insurance company and the coverage limits you choose.

Homeowners insurance in Hawaii costs an average of $593 a year, according to Insure.com’s study.

Read this guide to learn more about the average homeowners insurance rates in Hawaii by insurance company and ZIP code.

Key Takeaways

Homeowners insurance costs an average of $593 a year, based on our 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

In Hawaii, the annual homeowners insurance cost is $593, on average for the limits of $100,000 in liability, $300,000 in dwelling coverage and a $1000 deductible.

Increasing your dwelling coverage from $300,000 to $400,000 will raise your annual homeowners insurance premium to $771 in Hawaii, with $100,000 in liability protection and a $1,000 deductible. Below are the average costs for homeowners insurance in Hawaii based on dwelling coverage limits 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

In Hawaii, homeowners insurance companies set rates by assessing various risk factors. Your location, claims history, credit history and coverage limit all affect your premium.

If multiple claims have been filed in your neighborhood over the past few years, you’ll likely face higher home insurance rates than areas with fewer 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 a good idea to shop around and compare prices before purchasing homeowners insurance. Several factors come into play when choosing the best homeowners insurance company.

We evaluated homeowners insurance providers in Hawaii by comparing their NAIC scores and AM Best ratings and compiled a list of the top insurers in the state. Based on Insure.com’s analysis, State Farm received the lowest NAIC score and an AM Best rating of A++. A lower NAIC score signifies fewer complaints relative to the company’s size, indicating greater 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 provides the most affordable homeowners insurance in Hawaii, with an average annual premium of $385. State Farm and Dongbu Insurance also offer cheap home insurance rates.

Shopping around for homeowners insurance can help you save hundreds of dollars annually.

Here are the average annual and monthly insurance rates for homeowners in Hawaii with a policy that provides $300,000 in dwelling coverage, $100,000 in liability protection, 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 is a key factor in determining the cost of your homeowners insurance coverage. In Hawaii, certain areas have higher insurance premiums due to elevated crime rates, increased risk of natural disasters, and higher living costs.

96763 has the most expensive homeowners insurance rates in Hawaii at an average annual cost of $596.

Below, we’ve highlighted some of the most expensive ZIP codes in Hawaii for home 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 following data highlights the changes in homeowners insurance rates since 2019.

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

Finding the right homeowners insurance requires thorough research and comparing rates from different insurers, as each has its own way of assessing risk. By gathering quotes from at least three companies, you can increase your chances of getting 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.