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? 

Average Home Cost in Hawaii Average Annual Insurance Premium in Hawaii
$617,400 $372


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
Wailea $2.3 Million Hilo $364,424
Kailua $1.8 Million Kapaau $426,066
Lahaina $1.4 Million Waimea $571,533


Cheapest Home Insurance in Hawaii

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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:



  • The simplest and least comprehensive type of homeowners insurance
  • Provides coverage for a handful of potential problems including
    • natural disasters (storms, fires, wind, lightning, volcanic eruption), 
    • explosions, 
    • theft, 
    • damage from vehicles, 
    • or civil commotion. 

Broad Form

  • Broad form homeowners insurance policies include all basic form coverage, plus protection from:
    • falling objects, 
    • damage from the weight of ice, snow, or sleet, 
    • freezing of household systems including HVAC and pipes, 
    • sudden and accidental damage to pipes and other household systems from artificially generated electrical current, 
    • accidental discharge or overflow of water or steam,
    • sudden and accidental damage. 
  • HO-2 policies typically cover both dwelling protection and personal property.
  • In some cases, broad form coverage may also include liability coverage. However, it still only covers the specific damages listed in the policy.

Special Form

  • The most common form of homeowners insurance is known as a “special form” policy.
  • While HO-1 and HO-2 policies are “named peril” policies (meaning they only cover dangers that are specifically listed in the policy), HO-3 policies are “open peril” policies meaning they’ll cover all dangers except those specifically excluded in the policy documents.

Tenant’s Form

  • HO-4 policies, also known as renters insurance, are for people who lease rather than own their homes. 
  • Tenant’s form policies typically cover all the same dangers as HO-2 policies. 
  • These policies include personal property coverage and liability coverage but don’t cover the physical structure of the house. 
  • Some HO-4 policies may also include loss of use coverage for the tenants.


  • Comprehensive form policies are usually the broadest and provide the highest level of coverage; not surprisingly, they also tend to be the most expensive type of homeowners insurance policies.
  • The biggest difference between HO-3 and HO-5 policies is that most HO-3 policies are “actual cash value” policies, whereas typically HO-5 policies are “replacement cost value” policies.
  • An actual cash value policy will only reimburse you for the actual value of a damaged or destroyed item, while a replacement cost value policy will reimburse you for however much it would cost to completely replace or repair the damaged or destroyed item (up to the coverage limits on the policy). 
  • HO-5 policies also provide personal property coverage against a wider range of dangers than the typical HO-3 policy. Many HO-5 policies also have extra coverage for high-value personal property, such as jewelry and artwork.

Condo Form

  • Not surprisingly, condo form insurance is for condominium owners. HO-6 policies generally protect against the same types of dangers as HO-3 policies. 
  • They provide dwelling protection coverage with a twist: HO-6 policies cover the walls, floors, and ceiling of the condo unit but not the rest of the building. 
  • These policies also include personal property and liability coverage and may include loss of use coverage.

Mobile Home Form

  • If you own a mobile home or manufactured home, you likely have an HO-7 policy. 
  • Mobile home form policies are typically identical to HO-3 policies, except they’re designed specifically for mobile and manufactured homes.
  • Like HO-3 policies, they provide dwelling protection coverage, other structures coverage, personal property coverage, liability coverage, and possibly loss of use coverage as well. 
  • HO-7 policies generally only protect the home when it’s stationary; if you plan to move your mobile or manufactured home, you’ll need to get a special policy to cover it while it’s in transit.

Older Home

  • Older homes have generally been built to less stringent code standards than recently built homes, and so insurers have designed a specialized type of homeowners insurance policy for them. 
  • HO-8 policies often only cover the basic perils listed in HO-1 policies and generally apply to homes that are registered landmarks or otherwise deemed historic homes. 
  • Owners of registered landmarks are typically forbidden from making the updates to HVAC, electrical, and other parts of the home to enable them to qualify for a standard HO-3 policy, so an HO-8 policy is often the only option for them.

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
Allstate $202
Family Security $779
First of Hawaii $244
Hawaii Insurance $382

Cheapest Home Insurance for Houses with a Swimming Pool in Hawaii

Insurance Company Average Annual Premium
State Farm $453
Universal Insurance $250
First of Hawaii $245
Allstate $202

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 find the best home insurance providers for your property in Hawaii

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Updated October 29, 2020

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