Updated: September 11, 2026
Advertising & Editorial Disclosure
DB offers the cheapest homeowners insurance in Hawaii, with average rates of $272 per year.
DB, RLI, State Farm, AIG and Island cost 9% to 55% below Hawaii's $600 average.
Bundle your home and auto insurance policies to save 10% to 25% on premiums — one of the biggest discounts Hawaii insurers offer.
DB is the cheapest home insurance company in Hawaii at $272 per year, though eligibility may be limited. RLI ranks second at $384 annually and provides coverage to all Hawaii residents. The five most affordable insurers deliver savings between $56 and $328 compared to the state average.
| DB Insurance | $23 | $272 | -55% |
| RLI | $32 | $384 | -36% |
| State Farm | $36 | $433 | -28% |
| AIG Insurance | $43 | $519 | -14% |
| Island Insurance | $45 | $544 | -9% |
*The rates above are for homeowners ages 41 to 60 with good credit and no claims history. Quotes are for a home built in 2000 insured for $250,000 in dwelling coverage, $125,000 in personal property coverage and $200,000 in liability coverage with a $1,000 deductible.
DB offers the lowest home insurance rates in Hawaii, according to MoneyGeek's analysis, across older homes, high-fire-risk properties and senior-specific coverage. Rates beat competitors in every one of these categories.
| Older Homes | DB Insurance | $280 |
| Newer Homes | DB Insurance | $213 |
| Young Homeowners | DB Insurance | $272 |
| Senior Homeowners | DB Insurance | $272 |
| High-Risk Fire Homes | DB Insurance | $305 |
| Smaller Homes | DB Insurance | $298 |
| Larger Homes | DB Insurance | $348 |
The cheapest company may not be your best fit. Customer service quality, coverage options and claims handling matter beyond price. Our guide to the best home insurance companies in Hawaii compares insurers across these factors.
Risk factors differ by location, so insurers price policies differently across Hawaii. DB offers the cheapest home insurance rates in cities like Honolulu and Kailua.
| Honolulu | DB Insurance | $272 |
| Kailua | DB Insurance | $272 |
| Kilauea | DB Insurance | $272 |
| Laupahoehoe | DB Insurance | $272 |
Your coverage needs determine which insurer offers the best rate. For basic $100,000 dwelling coverage in Hawaii, DB offers the lowest premiums at just $200 annually. DB also provides the most affordable pricing for mid-range and high-value homes, while RLI is the cheapest option at premium $1 million dwelling coverage levels.
| DB Insurance | $17 | $200 |
| State Farm | $19 | $223 |
| AIG Insurance | $21 | $254 |
| Allstate | $23 | $272 |
| RLI | $23 | $279 |
Hawaii homeowners can cut their insurance costs by hundreds of dollars annually through discounts, higher deductibles and smart home improvements.
Combine your home and auto insurance with the same company. State Farm, Allstate and Progressive save Hawaii homeowners 10% to 25% on both policies when bundled.
A higher deductible lowers your annual premium. You'll pay more out of pocket when filing a claim, so choose an amount you can afford at claim time.
Hawaii allows insurers to use credit-based insurance scores when setting rates. A better credit score can save hundreds of dollars a year on your home insurance premium.
Filing multiple claims within three years triggers rate increases. Save your homeowners policy for major losses. Handle small repairs out of pocket.
Contact your insurer to find every discount you qualify for beyond bundling. Review your policy each year to add new discounts as your situation changes.
Frequently asked questions about the cheapest home insurance in Hawaii:
Standard homeowners insurance in Hawaii covers tornado damage to your dwelling and personal property. Hawaii isn't considered a high tornado risk area, so this coverage is usually included without premium increases.
Hawaii doesn't require flood insurance statewide, but mortgage lenders mandate it for properties in FEMA high-risk flood zones. Standard homeowners insurance excludes flood damage, so you'll pay out-of-pocket for water-related losses without separate flood coverage.
Replacement cost coverage pays the full amount to rebuild or repair without deducting for depreciation, while actual cash value coverage factors in depreciation and pays current market value. Most Hawaii lenders require replacement cost coverage to protect their investment in your home.
Yes, you can cancel your Hawaii home insurance at any time. You won't pay cancellation fees, and you'll get a prorated refund for unused premiums. Check your mortgage requirements first: lenders require proof of continuous coverage.
Our rate analysis reflects what most Hawaii homeowners need: standard coverage for a typical single-family home built within the past 25 years.
We pulled quotes from major insurers using one consistent homeowner profile across Hawaii. Removing variables this way isolates how each company prices identical coverage. The base profile represents Hawaii's most common home insurance scenario.
Standard Coverage Profile:
For specialty scenarios like older homes, high-value properties and rural locations, we adjusted individual variables from this base profile while holding other factors constant. The results show how specific characteristics move your rate against the standard homeowner.
These figures are estimates based on statewide averages. Your actual premium depends on your home's location, age, construction type and your claims history. Compare quotes from at least three insurers to find your lowest rate.
Mark Fitzpatrick is a licensed Property and Casualty (P&C) Insurance Producer in Connecticut and MoneyGeek's resident expert in insurance and economics. In nearly a decade covering the insurance market at LendingTree and MoneyGeek, he's analyzed hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
His work has appeared in The Washington Post, The New York Times and NPR. He draws on independent cost and consumer experience data, and no insurance company partnerships affect his recommendations.
Mark studied at Boston College and later earned a master's in economics and international relations from Johns Hopkins University. He worked in financial risk management at State Street before joining MoneyGeek. He's also a five-time “Jeopardy!” champion.
