Renters insurance in Hawaii: Cost, best companies and how to save

What is the average cost of renters insurance in Hawaii?

The average cost of renters insurance in Hawaii is $231 per year. Rates vary depending on factors like your location, the amount of coverage you choose, your deductible, and your claims history.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Average annual premium	$231
Average monthly premium	$19

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Best renters insurance company in Hawaii: AIG

AIG ranks as the best renters insurance company in Hawaii, earning a top score among the carriers we surveyed. Its average rate is $181 per year.

State Farm and Dongbu Insurance are also among the top insurance companies for renters insurance in Hawaii.

Renters insurance rates vary significantly among providers, so you should compare options before choosing. You should also select a company with a good reputation to ensure it will be there if you have a claim.

To help you find the best renters insurance in Hawaii, we evaluated average rates, NAIC complaints ratio, and AM Best financial ratings. We calculated the total Insurance.com score out of five using these factors.

Here are the best renters insurance companies in Hawaii.

Company	Average annual premium	AM Best	NAIC	Insurance.com rating
AIG	$181	A	0.09	5
State Farm	$118	A++	0.95	4.83
Dongbu Insurance	$150	A	0.68	4.62
Allstate	$218	A+	0.9	4.27
Universal Insurance Co	$263	A-	3.45	2.94

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Cheapest renters insurance in Hawaii

State Farm is the cheapest renters insurance company in Hawaii, with an average annual premium of $118, based on our analysis.

Since renters insurance rates vary significantly from one provider to another, comparing quotes is the best way to find affordable coverage that fits your needs.

Below is the list of the cheapest renters insurance companies in Hawaii and their average annual premiums.

Company name	Average annual premium
State Farm	$118
Dongbu Insurance	$150
AIG	$181
Tokio Marine Holdings	$204
Allstate	$218
Island Insurance	$251
Universal Insurance Co	$263
RLI Insurance	$318
Ocean Harbor	$372

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Renters insurance cost in Hawaii by city

In Hawaii, renters insurance rates vary across cities due to factors such as weather risks, crime rates, and other factors. To get the best deal in your city, Compare quotes from several insurers before selecting a policy, so they weigh each factor differently.

City	Annual insurance premium
Hilo	$231
Honolulu	$231
Kahului	$231
Kailua	$231
Kapolei	$231
Pearl City	$231

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How to save on renters insurance in Hawaii

There are several easy ways to lower the cost of renters insurance in Hawaii without losing necessary coverage:

Bundle your policies. Many insurance companies offer a discount if you buy renters and auto insurance together.
Increase your deductible. Choosing a higher deductible will lower your monthly or yearly premium; just ensure you can afford it.
Ask about discounts. Most providers offer savings for things like smoke alarms, security systems, or being claims-free.
Compare quotes. Prices can vary widely between companies, so getting quotes from multiple insurers can help you find the best deal.
Pay annually. Some insurers offer a small discount if you pay once a year instead of monthly.

Methodology

Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

FAQ: Hawaii renters insurance

Do I need renters insurance in Hawaii?

Renters insurance isn't required by law, but your landlord may require you to purchase a policy as part of your lease agreement.

How much renters insurance do I need in Hawaii?

You don't need any renters insurance by law, but when buying a policy you should ensure you have enough personal property coverage to cover all of your personal property at replacement cost.