Average renters insurance cost in Hawaii

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Renters insurance costs in Hawaii varies depending on various factors, including the coverage amount, insurance company, and individual circumstances. But, the average renters insurance cost in Hawaii is $247 per year or $21 per month for coverage limits of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. These are average rates and actual premium costs may differ.

Renters insurance companies in Hawaii

State Farm offers affordable renters insurance in Hawaii at an average annual rate of $143 followed by Dongbu Insurance and AIG, based on Insure.com’s analysis.

But it’s smart to get multiple quotes for various renters insurance companies in Hawaii because the prices vary a lot among carriers.

Below we have compared the average annual and monthly renters insurance rates of insurance companies across Hawaii.

Average cost of renters insurance in Hawaii by coverage level

As we discussed above, in Hawaii, the average cost of renters insurance is $247 per year, that’s $20 more than the national average. These rates are for the coverage level of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible.

However, if you lower the personal property coverage from $40,000 to $20,000, you will pay $165 per year for renters insurance in Hawaii for $300,000 in liability protection and $1000 deductible.

Find below the average cost of renters insurance in Hawaii for personal property coverage of $20,000 and $40,000.

Most affordable ZIP codes for renters insurance in Hawaii

How much Hawaii renters pay for insurance majorly depends on the ZIP code they live in. 96701 is the most affordable ZIP for renters insurance in Hawaii among all the ZIP codes analyzed, at about $247 a year on average.

Rates vary based on the zip code, that’s why comparing quotes is one of the easiest ways to get the best deal on renters insurance in Hawaii.

Least affordable ZIP codes for renters insurance in Hawaii

Your zip code, among other factors, affects how much you pay for renters insurance in Hawaii. 96898 is the least affordable zip code for Hawaii renters at an average cost of $247 a year or $21 monthly.

We have analyzed quotes from the major insurance carriers across all the zip codes in Hawaii. Below are the average annual renters insurance costs by ZIP code.

Renters and auto bundle discounts in Hawaii

If you’re looking for ways to trim costs on your insurance premiums, consider purchasing renters and auto insurance from the same company.

Bundling policies can help you save an average of 13% per year in Hawaii. Universal Insurance Co offers the cheapest rate on renters and auto insurance bundle, you can save 4% a year on your premiums.

Final thoughts: Average renters insurance in Hawaii

Renters insurance is a must-have for renters in Hawaii. It protects your belongings in the event of damage from fire, theft, vandalism or any other natural disasters.

To find the best renters insurance at an affordable rate, shop around and compare quotes from multiple insurance companies. Consider factors like coverage options, deductibles, and customer reviews in addition to price.

Methodology

Insure.com commissioned Quadrant Information Services to gather renters insurance rates for all available ZIP codes in Hawaii. These rates include a coverage limit of $300,000 for liability coverage, personal property coverage ranging from $20,000 to $40,000, and a $1,000 deductible, with credit tier alignment specified as good/none.

Explore other insurance options in Hawaii

Cheapest homeowners insurance in Hawaii

Average car insurance cost in Hawaii

Non-owner car insurance in Hawaii

Shivani Gite

Contributing Writer

 

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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.

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