Allstate is the cheapest homeowners insurance company in Hawaii with an average cost of $384 per year, based on an analysis by Insurance.com.
With so many options out there, it is not easy to choose a homeowners insurance company in Hawaii. You need a reliable company that will provide you with quality service at an affordable price. If this is what you're looking for, then keep on reading this guide.
Cheapest homeowners insurance in Hawaii
Based on Insurance.com's rate analysis, the cheapest homeowners insurance company in Hawaii is Allstate. It offers home insurance at an average of $384 a year.
Insurance providers use different methods when deciding on your average annual premium, as a result, prices vary significantly between carriers. Therefore, get at least three price quotes when you shop for coverage, suggests Insurance.com's former Senior Consumer Analyst Penny Gusner.
Following is a list of cheapest home insurance companies along with their average annual premium-
| Company name | Average annual premium |
|---|---|
| Allstate | $384 |
| State Farm | $502 |
| First Fire | $514 |
| Liberty | $597 |
Average cost of homeowners insurance in Hawaii
The average cost of homeowners insurance in Hawaii is $499 a year or $42 a month. However, the average annual premium varies by the insurance company, zip code, coverage type, your home's age, among other factors. It’s a good idea to compare price quotes from different Hawaii homeowners insurance companies to get the best deal.
| Average annual premium | Average monthly premium |
|---|---|
| $499 | $42 |
Most expensive zip codes in Hawaii for homeowners insurance
The home insurance rate you pay depends a lot on where your property is located. It means that rates vary depending upon the zip code, with some areas having considerably higher rates than others for home insurance.
We have compared quotes from all the major home insurance companies in Hawaii for nearly all the zip codes. Hawaii homeowners insurance rates are the most expensive for zip code 96703. Its average annual cost is $347.
Find below the average home insurance rate for other zip codes-
| ZIP code | Average annual rate |
|---|---|
| 96703 | $347 |
| 96701 | $337 |
Home and auto bundle discounts in Hawaii
Most insurance companies offer discounts to those who bundle their car and home insurance policies. A home and auto bundle can save you an average of $91 a year or 16%, based on an analysis by Insurance.com.
You can save an average of $154 a year if you bundle your home and auto insurance policies from State Farm, the highest among the carriers surveyed.
Below we provide a list of top insurance companies in Hawaii that offer a discount on home and auto bundles.
| Company | $ Bundle average saving | % Bundle average saving |
|---|---|---|
| State Farm | $154 | 24% |
| Hawaiian Ins & Guar | $123 | 15% |
| Allstate | $75 | 19% |
| Tradewind Insurance | $59 | 10% |
| Dongbu Insurance | $44 | 10% |
