Hawaii’s ocean location makes it vulnerable to certain weather challenges, like hurricanes that can cause wind damage and flooding. If you live in the Aloha State, it’s important to find a home insurance policy that fits the needs of your home and your lifestyle.
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How to Get Affordable Home Insurance in Hawaii
Buying a home is a big investment. In fact, it might be one of the biggest investments of your lifetime. Like any investment, buying a home comes with risk. However, there are steps that Hawaiian homeowners can take to minimize that risk and protect their investments.
The first step? Buying homeowners insurance. It’s not required by law, but a homeowners policy provides financial liability for your property and belongings in case of natural disasters or theft. You can buy different coverage levels designed for different property types, locations, and other factors.
Find the right coverage with our full guide on Hawaii home insurance.
Homeowners insurance quotes in Hawaii by Company
Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in.
As of 2020, the average home insurance premium in Hawaii costs $372 annually, and the median home value is $617,400.
That’s a pretty penny. How can you be expected to pay all of these costs (vital as they are) and still provide for you and your family?
Homeowners Insurance Quotes in Hawaii by City
Home insurance varies in price from city to city, just like property costs. The cost of insurance coverage is determined by variables specific to your ZIP code, including the volume of claims filed nearby, crime rates, and property costs, and risk variables, such as natural disaster frequency. Even your specific neighborhood may determine whether you pay more or less on your annual premiums.
Home insurance rates in Hawaii can be relatively high or low compared to the national average; it all depends on which city or town you live in. Here are the most and least expensive Hawaii ZIP codes in which to insure a home.
|Most Expensive Real Estate in Hawaii||Cheapest Real Estate in Hawaii|
Cheapest Home Insurance in Hawaii
What does home insurance cover in Hawaii?
There are several types of home insurance coverage. The specific terms of insurance policies may vary by state, but in general, the standard policy types are as follows:
Mobile Home Form
Hurricane Insurance in Hawaii
The typical homeowners insurance policy doesn’t cover hurricane damage. Consider talking to insurance providers about coverage options that will protect your investment in your home during high-wind storms like hurricanes. Your mortgage lender may require you to buy a hurricane or flood policy. But even if they don’t, Hawaii’s June-to-November hurricane season can make hurricane policies a smart purchase.
Flood Insurance in Hawaii
Flooding often happens during hurricanes and storms. You need a separate flood insurance policy to cover property damage from flooding. Buying a flood policy may be required if you live in a high-risk flood zone. However, even if you don’t live in a high-risk zone, flood insurance can be a smart purchase if you live near an area that has flooded in the past. Learn more about flood insurance and how to find flood insurance providers from the National Flood Insurance Program.
Hawaii Homeowners Insurance FAQs
Does USAA insure homes in Hawaii?
Yes, USAA is a popular insurer in Hawaii. It’s important to know that USAA requires policyholders to be members of the USAA organization, which means they must either be active military members or veterans or have family in the armed forces.
How long does a home insurance claim take in Hawaii?
Many people find that it takes 18–24 months to fully restore their homes and possessions to their pre-loss state after a significant covered loss.
Does homeowners insurance cover flooding in Hawaii?
Even the best homeowners insurance usually doesn’t cover flooding. You need a separate flood insurance policy to cover flood damage.
Buying a home is stressful enough—don’t let insuring it get in the way of enjoying your new property.
Special Home Insurance Situations in Hawaii
Unique elements of your home may affect homeowners insurance prices. Check out these quotes for some special situations that may impact your home insurance in Hawaii.
Cheapest Home Insurance for Houses Near the Coastline in Hawaii
|Insurance Company||Average Annual Premium|
|First of Hawaii||$244|
Cheapest Home Insurance for Houses with a Swimming Pool in Hawaii
|Insurance Company||Average Annual Premium|
|First of Hawaii||$245|
Conclusion: How to find the cheapest home insurance in Hawaii
Just like with groceries or clothes, you can find a good bargain on home insurance in Hawaii. With a little research and the right tools, you’ll be on your way to big savings.
Use Insurify to compare home insurance premiums for your property in Hawaii.
Compare Hawaii Home Insurance Quotes in Two Minutes
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