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Motorcycle Insurance in Hawaii: The Cheapest Quotes and Best Companies
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The Cheapest Motorcycle Insurance in Hawaii
Insurance laws in Hawaii require riders to have motorcycle insurance — it’s up to you to figure out which policy suits you best. Some riders prefer to purchase liability-only policies, which are the cheapest options available. That said, liability-only policies only offer limited protection. They provide coverage for injuries and property damage to third parties, but not damages to your motorcycle. Full coverage policies include collision and comprehensive insurance, which cover your bike and medical costs. This study used a 50/100/25 liability coverage policy for a rider with a good record in Hawaii.
Cheapest Liability-Only Motorcycle Insurance Quotes in Hawaii
Using quotes from several carriers, MoneyGeek determined which offer cheap motorcycle insurance for liability-only policies in Hawaii. These are:
- Progressive: $77 per year
- GEICO: $106 per year
Shopping around for motorcycle insurance quotes in Hawaii has its advantages. You can save as much as $77 per year on insurance premiums by comparing policies from different companies. For instance, Markel offers a similar policy at $154 a year, making Progressive’s rate half as expensive.
Average Annual Premium for Liability Coverage
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- CompanyAnnual Premium
- 1.Progressive$77
- 2.GEICO$106
- 3.Markel$154
Cheapest Full Coverage Motorcycle Insurance Quotes in Hawaii
If you own a motorcycle, you want to ensure that it has protection from damages — and not just those sustained from being in an accident. You also want coverage for flying debris, natural disasters, vandalism and theft. Although full coverage policies have higher premiums than liability-only, you get better protection for your motorcycle because of collision and comprehensive insurance. It’s also good to remember that if you’re still making payments on your bike, you’ll most likely need a full coverage policy. In this analysis, MoneyGeek used a 50/100/25 full coverage policy with a $500 deductible for a rider with a good record in Hawaii.
Based on quotes from several carriers, you can get cheap full coverage policies for motorcycle insurance in Hawaii from:
- GEICO: $236 per year
- Progressive: $267 per year
GEICO’s rate is 57.2% lower than a similar policy from Markel, which costs $551. That’s a difference of $315 each year.
Average Annual Premium for Comprehensive and Collision
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- CompanyAnnual Premium
- 1.GEICO$236
- 2.Progressive$267
- 3.Markel$551
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What Is the Average Motorcycle Insurance Cost in Hawaii?
Riders in the U.S. pay an average of $364 a year for a full coverage policy. Rates across states, however, vary. Insurers consider several factors to determine how much motorcycle insurance will cost in Hawaii. These include your age, location within Hawaii, riding experience and riding record. On average, riders in Hawaii pay $351 per year or around $29 a month for a full coverage policy, roughly 3.5% lower than the national average.
In comparison, riders with liability-only coverage pay an average of $112 per year or around $9 a month. Although it's considerably more affordable, it doesn’t offer any coverage for your injuries or damages to your bike.
We computed averages for Hawaii using a policy with $50,000/$100,000 coverage for bodily injury and $25,000 for property damage. Full coverage policies included a $500 deductible and personal injury protection coverage.
Car Insurance Costs by Coverage Type
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- Policy TypeAverage 12-Month Cost in HawaiiAverage 12-Month National CostVariance
- Full Coverage$351$364-$12
- Liability Only$112$141-$29
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The Best Motorcycle Insurance Companies in Hawaii
Premium rates are always a factor when searching for motorcycle insurance in Hawaii. But there are other aspects worth looking into as well. MoneyGeek ranked several insurers using a unique rating system to identify which ones offer the best motorcycle insurance in Hawaii. We used state-specific numbers and considered insurers’ financial strength and product offerings in this analysis. The insurance company with the highest score is Progressive.
Using this rating system, MoneyGeek identified the three insurance companies that offer the best motorcycle insurance in Hawaii. These are:
1
Progressive
Score:96
Pros
- You can combine policies with auto or home insurance
- Offers customer several online tools
- You can report claims via their website, the phone or their mobile app
Cons
- No breakdown coverage
- Quotes depend on the mode of purchase
- Not all discounts are available in every state
More About Progressive
With an overall score of 95.82, Progressive ranks as the best motorcycle insurer in Hawaii. They offer one of the lowest rates for liability-only coverage in Hawaii — on average, riders pay $77 per year. Full coverage policies, on average, cost $267 a year.
Standard Progressive policies include OEM (original equipment manufacturer) coverage, which guarantees the use of the same-quality parts — if not better. Thanks to their accident forgiveness feature, filing claims for less than $500 does not increase your premiums, nor will your first accident above $500 if you’re able to remain claim-free for four consecutive years. Paying in full or signing up for automatic payments decreases your premium. Progressive also rewards safety, which means that you’re eligible for a discount if you complete a safety course or if you’re able to avoid accidents or violations for three years.
2
GEICO
Score:85
Pros
- Make payments through their mobile app
- Policies can be bundled with auto insurance
- Provides customer service 24/7
Cons
- Local offices are limited
- Earned a below-average rating for customer satisfaction in J.D. Power’s most recent Insurance Shopping Study
- Not all discount options are available in all states
More About GEICO
The second spot goes to GEICO, with an overall score of 85.48. It offers liability-only policies for an average of $106 each year, while a full coverage policy in Hawaii costs $236.
You can purchase additional protection such as accessories coverage, which covers damage to seats, chrome pieces or CB radios. You can also opt for towing and labor assistance. Riders can take advantage of several discounts. Transferring from another insurer to GEICO makes you eligible for a 10% decrease in your premium, as does insuring multiple motorcycles or renewing your policy. The most sizable discount, however, comes from bundling your policy with auto insurance. Though GEICO doesn’t offer numerous add-on coverages, its financial strength and affordable prices in Hawaii more than compensate for it in MoneyGeek’s analysis.
3
Markel
Score:70
How to Get a Motorcycle Insurance Quote in Hawaii
Before deciding where to get motorcycle insurance in Hawaii, it’s best to compare quotes from different providers. You will need the following information to get a quote:
- Location where you keep the bike
- The bike’s year, make and model
- Your birthdate
- Riding record
- How much coverage you want (more details are provided below)
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Ensure you're getting the best rate for your motorcycle insurance. Compare quotes from the top insurance companies.
How Much Motorcycle Insurance Coverage Do You Need in Hawaii?
Hawaiian laws require everyone who rides a motorcycle to have liability coverage. It is also necessary for riders to carry proof of insurance on their bikes at all times. If you can't prove your motorcycle is insured when pulled over, you may receive a citation.
Based on the laws and insurance requirements of Hawaii, policies must have at least the following coverages:
- $20,000 per-person bodily injury liability (BI)
- $40,000 per-accident bodily injury liability
- $10,000 property damage liability (PD)
- Personal injury protection (PIP)
How Much Insurance Coverage Is Required in Hawaii?
The minimum liability coverage requirement for motorcycle insurance in Hawaii is 20/40/10. It means that in an accident, $40,000 is the total coverage limit for bodily injuries of two or more people, with each person having a limit of $20,000. If there's damage to the other person’s property, your policy helps cover costs up to $10,000.
Do You Need Uninsured Motorist, Underinsured Motorist or PIP Coverage in Hawaii?
Aside from the minimum liability coverages required, riders need to have personal injury protection of $10,000 to cover medical expenses and lost wages on a no-fault basis.
MONEYGEEK EXPERT TIP
A policy with 50/100/25 coverage more than meets the minimum insurance requirements in Hawaii, but MoneyGeek recommends increasing your limits to 100/300/100. It significantly increases your protection for an incremental cost. Since riders in Hawaii must have PIP coverage, you should get at least the minimum coverage of $10,000.
Frequently Asked Questions About Motorcycle Insurance in Hawaii
Most states require riders to have motorcycle insurance, and Hawaii is no exception. Given the various factors riders need to consider when purchasing motorcycle insurance in Hawaii, here are the answers to some commonly asked questions:
Different insurers offer different rates for motorcycle insurance in Hawaii. Progressive offers the cheapest liability-only coverage at $77 per year. For full coverage policies, however, GEICO offers the lowest rate at $236 per year.
On average, full coverage motorcycle insurance in Hawaii costs $351 each year or around $29 per month. Liability-only insurance costs less — you pay $112 per year or around $9 per month — but it doesn’t provide the same amount of protection.
Based on MoneyGeek’s internal rating system using data unique to Hawaii, Progressive offers the best insurance for your motorcycle in Hawaii.
Everyone who rides a motorcycle in Hawaii needs insurance. At the very least, your policy should have 20/40/10 coverage for bodily injury and property damage. Having PIP coverage is also mandatory.
Compare Motorcycle Insurance Rates
Ensure you're getting the best rate for your motorcycle insurance. Compare quotes from the top insurance companies.
Methodology
MoneyGeek completed a study using quotes with varying coverage limits and different driver profiles from several providers to identify which offers the least expensive premium in Hawaii. An internal rating system and figures specific to the state determined the insurer with the best insurance for motorcycles in the state. Overall scores were calculated using premium prices (60%), product and service portfolios (30%) and financial strength (10%). Insurance requirements in Hawaii were based on information from the Department of Motor Vehicles in Hawaii.
About Mark Fitzpatrick
sources
- Department of Commerce and Consumer Affairs. "Motor Vehicle Insurance Information." Accessed May 13, 2021.
- Department of Commerce and Consumer Affairs. "Motorcycle Insurance Information." Accessed May 13, 2021.
- Insurance Information Institute. "Background On: No-Fault Auto Insurance." Accessed May 13, 2021.
- Recovery Law Center. "Hawaii Motorcycle Laws." Accessed May 13, 2021.
- Recovery Law Center. "Personal Injury Protection Lawyer in Honolulu." Accessed May 13, 2021.