Motorcycle Insurance in Hawaii: The Cheapest Quotes and Best Companies

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.

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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• Company
  Annual Premium
• 1.
  Progressive
  $77
• 2.
  GEICO
  $106
• 3.
  Markel
  $154

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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• Company
  Annual Premium
• 1.
  GEICO
  $236
• 2.
  Progressive
  $267
• 3.
  Markel
  $551

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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 Type
  Average 12-Month Cost in Hawaii
  Average 12-Month National Cost
  Variance
• Full Coverage
  $351
  $364
  -$12
• Liability Only
  $112
  $141
  -$29

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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:

Expand All Rankings +

1

Progressive

Score:96

-

4.9/5

Affordability

4.7/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take

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

-

4.6/5

Affordability

3.3/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take

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

+

3/5

Affordability

4.3/5

User Satisfaction

4/5

Financial Stability

Geek Quick Take

Pros

• Offers coverage for mechanical breakdowns
• Extensive discounts
• Claims and payments processed online

Cons

• No policy bundling available
• No mobile app
• Policies are not available in all states

More About Markel

With Markel, riders pay an average of $154 per year for a liability-only policy. However, if you want a full coverage policy in Hawaii, be prepared to pay the high rate of $551 on average. You can decrease your premium by installing a theft-deterrent device or keeping a clean record. If you only have a minor violation in the last three years, you are eligible for their Safe Driver discount. Even completing a state-approved safety course gives you lower rates. Having an accident-free year also allows you to lower your deductible by 25%. If you can keep this up for four consecutive years, your deductible drops to $0. You can also select additional coverage for your policy to cover mechanical breakdowns and trailers towed by your motorcycle.

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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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)

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.

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.

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:

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About Mark Fitzpatrick

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Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark 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 economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.

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