Best and Cheapest Home Insurance in Hawaii (2021)

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Introduction

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. 

Use Insurify to get a custom home insurance quote within just a few minutes!

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 2021, 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 Annual Homeowners Insurance Premium in Hawaii by Company

Average prices for standard homeowners insurance for a 7-15 year old home, $200,000 in coverage

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Home Insurance Rates 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.

CityMedian Home Price
Wailea$2,300,000
Kailua$1,800,000
Lahaina$1,400,000
Hilo$364,424
Kapaau$426,066
Waimea$571,533

What Does Home Insurance Cover in Hawaii?

There are several types of home insurance. Specific terms of insurance policies may vary by state, but in general, the standard policy types are as follows:

HO-1: Basic
HO-2: Broad Form
HO-3: Special Form
HO-4: Tenant’s Form
HO-5: Comprehensive
HO-6: Condo Form
HO-7: Mobile Home Form
HO-8: Older Home

For more detailed Hawaii city level guides, check out these below.

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.

Learn More

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

Beachside living is wonderful. But the risk a nearby coastline may present to your home could end up increasing your home insurnace rates. The closer you are to the shore, the more at risk your property is to flooding. This will be reflected in your homeowners insurance rate.

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

Cheapest Home Insurance for Houses With Swimming Pools in Hawaii

Swimming pools fall under a category called attractive nuisances. Sure, they offer a fun way to cool off during warm summer months, but they also pose a major injury risk. For that reason, having a swimming pool in your yard could increase rates.

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

Say Aloha to the best and cheapest insurance rates for homeowners in Hawaii.

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.

Hawaii Homeowners Insurance FAQ

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 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.

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.