Our editorial team analyzed regional and national home insurance companies that sell policies in Honolulu to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
Honolulu homeowners pay an average of $1,164 annually for a home insurance policy with a $1,000 deductible and $300,000 in dwelling coverage.
Although it’s an undeniably beautiful place to call home, Hawaii is vulnerable to numerous threats, including hurricanes, tsunamis, flash flooding, and earthquakes.1 With many things that could go wrong, homeowners in Honolulu may choose to pay for additional coverage to protect the value of their residences.
Best home insurance companies in Honolulu
When choosing the right home insurance policy, the best company for you varies based on your unique situation and needs. Although your needs might look different, the insurance companies below offer worthwhile options for Hawaii homeowners.
Cheapest rates: Island Insurance
Best company for veterans: USAA
Best company for high-value homes: AIG
Cheapest home insurance companies in Honolulu
Island Insurance offers Honolulu residents the cheapest home insurance, on average. Other relatively affordable home insurers working with Hawaii homeowners include Universal North America Insurance Company, Hawaiian Insurance & Guaranty Company, and Allstate.
The table below highlights the cheapest home insurance companies in Honolulu.
How much is home insurance in Honolulu?
The average annual cost of a home insurance policy in Honolulu is $1,164 for $300,000 in dwelling coverage with a $1,000 deductible.
But the exact cost of your home insurance policy will vary based on your unique situation. Some common factors outside of your control that influence costs include flooding risks, the location of the closest fire department, your ZIP code, and age of the home.4
Some factors within your control that affect your costs include what deductible you choose and how much liability coverage you purchase.
Cost of home insurance by dwelling coverage in Hawaii
If you need a higher level of coverage, you’ll likely face a more expensive homeowners insurance premium. Homeowners with high-value homes often pay significantly more than homeowners with a more affordable home.
The table below highlights the average costs of dwelling coverage by coverage limit in Hawaii.
Cost of homeowners insurance by deductible amount
Your home insurance deductible is the amount you’ll pay before the insurer helps pay for a covered loss. For example, if your roof needs replacing after a storm, you might pay a $1,000 deductible before the insurance company picks up the rest of the tab, up to your coverage limits.
Opting for a higher deductible typically leads to a lower insurance premium, as you’re assuming more of the risk.
The table below highlights how your deductible affects average home insurance costs. Rates are for $300,000 in dwelling coverage.
Average cost of home insurance in other cities in Hawaii
Home insurance costs vary from city to city, depending on the risks in a particular location. Even different ZIP codes within the same city can affect your insurance premiums differently. For example, a homeowner in a ZIP code without a nearby fire station or history of theft or vandalism might face higher insurance costs than a homeowner in a ZIP code without similar risks.
The table below outlines the differences in annual premiums across Hawaii. All average annual rates are for $300,000 in dwelling coverage with a $1,000 deductible.
What to know about owning a home in Honolulu
Whether you own or plan to own a home in Honolulu, it’s helpful to get a lay of the property landscape. Homeowners in the area face the following considerations:
Honolulu home insurance FAQs
If you need Hawaii home insurance answers, explore the questions below.
The average annual insurance rate in Honolulu is $1,164 for a standard home insurance policy with $300,000 in dwelling coverage and a $1,000 deductible. But this coverage doesn’t include protection for damage caused by earthquakes or flooding. If you choose to purchase secondary coverage, you’ll pay higher insurance costs.
Island Insurance offers the cheapest rates to homeowners in Honolulu. The average annual rate for a policy with $300,000 in dwelling coverage with a $1,000 deductible is $454. Although this insurance company has relatively affordable coverage options and a show of financial strength, customer satisfaction is middle of the road.
The average home insurance rate in Hawaii is $1,164 per year for $300,000 in dwelling coverage and a $1,000 deductible. But your exact insurance rate will vary based on the insurance company and your specific needs.
Homeowners insurance in Hawaii doesn’t include property damage coverage from hurricanes, which could keep premiums lower. In order to fully protect your home, buying supplemental coverage for natural disasters — like hurricanes, floods, and earthquakes — will increase your total insurance costs.
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Insurance Writer
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