Average Cost of Homeowners Insurance in Hawaii (2024)


In Hawaii, the average cost of homeowners insurance in 2024 is $454. This is notably less than the national average of $2,423. Aside from the amount of coverage you get on your home, the insurance provider has the largest impact on premiums. The difference between the lowest and highest premium amounts averages $547.

If your rates have recently increased, our analysis of the cheapest policies in Hawaii may offer more affordable options. Remember, the insurance provider can significantly affect your premium costs.

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Rates updated:

Dec 06, 2024

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To establish the average cost of homeowners insurance in Hawaii, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.

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These rates reflect the average cost of home insurance in Hawaii as of 2024.

138,240Quotes Analyzed
 
8Companies Compared
 
6ZIP Codes

Average Cost of Home Insurance in Hawaii by Coverage Amount

In Hawaii, the average homeowners insurance premium is $454 for policies with specified coverage amounts. This rate is notably less than the national average of $2,423.

Selecting the right amount of home insurance is key. Your policy should be robust enough to rebuild your home and replace belongings after a loss. For detailed guidance, consider how much coverage you need. For example, if you choose a policy with $100K in dwelling coverage, the annual premium is $271. However, for a larger home needing $500K in dwelling coverage, the annual premium increases to $911. These figures reflect the direct impact of coverage amounts on the insurance premiums you'll pay.

Average Annual Home Insurance Premium New Jersey by Coverage Amount
$100K Dwelling / $50K Personal Property / $100K Liability$271
$250K Dwelling / $125K Personal Property / $200K Liability$454
$500K Dwelling / $250K Personal Property / $300K Liability$911
$750K Dwelling / $375K Personal Property / $500K Liability$1,387

Average Cost of Home Insurance in Hawaii by Insurer

When shopping for homeowners insurance in Hawaii, premium costs can vary significantly among providers for comparable coverage. For instance, DB Insurance offers a policy at $256 annually, which is considerably lower than the state average, while Hawaiian Insurance and Guaranty Company's premium stands at $735, reflecting a notable difference for similar protection.

For those seeking quality insurance options, there are plenty of high-quality insurance providers in Hawaii in Hawaii. Differences in underwriting practices, company risk assessments and regional considerations can influence premium prices across insurers.

Average Annual Home Insurance Premium New Jersey by Provider
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
DB Insurance$256
RLI$384
Island Insurance$391
Allstate$423
State Farm$440
First Insurance Company of Hawaii$487
AIG Insurance$519
Hawaiian Insurance and Guaranty Company$735

Average Cost of Home Insurance in Hawaii by Construction and Roof Type

The type of roof on your home influences your homeowners insurance premium, albeit to a lesser extent than coverage amount and claims history. In Hawaii, homes with composition roofing, a cost-effective option, do not see a variation in premiums due to roof type, with the average premium remaining at $454.

Construction materials influence costs. Superior construction materials, known for their resistance to certain perils, such as fire, can lead to lower insurance rates. However, in Hawaii, the difference in premiums between homes with superior construction and those with standard frame construction is relatively modest, with superior construction averaging $381 in premiums compared to $454 for frame construction.

Use the dropdowns on the table below to see how premiums change based on your home's materials.

Average Annual Home Insurance in New Jersey by Construction and Roofing Type
Data filtered by:Results filtered by:
Construction:
Construction:Frame
Roof Type:
Roof Type:Composition
$100K Dwelling / $50K Personal Property / $100K Liability$271
$250K Dwelling / $125K Personal Property / $200K Liability$454
$500K Dwelling / $250K Personal Property / $300K Liability$911
$750K Dwelling / $375K Personal Property / $500K Liability$1,387
$1M Dwelling / $500K Personal Property / $1M Liability$1,827

Average Cost of Home Insurance in Hawaii for Newly Constructed Homes

Homeowners insuring new construction in Hawaii can expect to pay an average annual premium of $309, which is lower than the $454 average for existing homes. This cost reduction is typically due to modern materials and adherence to current building codes enhancing safety and durability. The table below displays the premium differences for various coverage levels in new versus existing homes.

Average Annual Home Insurance Premiums: New vs. Existing Construction
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
Existing Construction (2000)$454
New Construction (2023)$309

Average Cost of Home Insurance in Hawaii by Claims History

Hawaii homeowners who have been claim-free for five or more years pay an average annual premium of $454 for their insurance. In comparison, those with one claim in the past five years see an average increase of $24, bringing their premium to $478. Homeowners with two claims within the same timeframe face a further increase, with an average annual premium of $492, which is $38 above the baseline average. These figures illustrate the financial benefit of maintaining a claim-free record.

Average Annual Home Insurance in New Jersey by Claims Experience
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
Claim free for 5+ years$454
1 claim in past 5 years$478
2 claims in past 5 years$492
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HAWAII NATURAL DISASTERS AND HOME INSURANCE

In Hawaii, earthquakes, wildfires, hurricanes, tsunamis and volcanic eruptions pose the greatest risks to homes. However, standard homeowners insurance does not typically cover flood damage, so you may need separate flood insurance. Homeowners insurance only covers certain disasters. Tsunamis, being related to earthquakes and water movement, also require special consideration for coverage.

How to Shop for Home Insurance in Hawaii

Getting a handle on homeowners insurance costs in Hawaii is within your reach. By exploring your options and understanding the market, you can find a policy that fits your budget. Here's how to find the best deal.

  1. 1
    Assess Your Coverage Needs

    Decide how much coverage you need for your home.

  2. 2
    Compare Quotes

    Compare quotes to find the best deal.

  3. 3
    Check for Discounts

    Ask about bundles or other ways to save money.

  4. 4
    Choose a Deductible

    Pick an amount you can pay if there's a claim.

  5. 5
    Review Company Ratings

    Make sure the insurer is reliable and has good service.

  6. 6
    Purchase Your Policy

    Buy the insurance that fits your needs and budget.

Bundling Home Insurance With Auto Insurance in Hawaii

Hawaii homeowners can unlock savings by bundling their home and auto insurance policies. According to MoneyGeek's analysis, average savings in Hawaii range from $58 to $118, with an average percent savings of about 6%. This multipolicy approach not only simplifies your insurance management but also trims down the combined cost of your premiums.

Home Insurance Discounts in Hawaii

Hawaii offers several homeowners insurance discounts to help lower your costs.

  • Loyalty discounts: For long-term policyholders.
  • Protective devices: Like smoke detectors or security systems.
  • Claims-free discounts: For homeowners without recent insurance claims.

For comprehensive insights on saving with discounts, explore our guide on how to save with discounts. Inquiring about available discounts when obtaining a quote can lead to significant savings.

FAQ: Homeowners Insurance in Hawaii

On average, what is the cheapest insurer in Hawaii?

Is flooding in Hawaii covered by homeowners insurance?

What is the biggest factor that impacts the price of homeowners insurance in Hawaii?

In Hawaii, how much, on average, can I save bundling my homeowners insurance with auto?

Additional Resources for Homeowners Insurance in Hawaii

Use the resources below to find affordable coverage or calculate potential costs.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.