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!
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 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 prices for standard homeowners insurance for a 7-15 year old home, $200,000 in coverage
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.
|City||Median Home Price|
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:
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.
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.
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.
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 Company||Average Annual Premium|
|First of Hawaii||$244|
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 Company||Average Annual Premium|
|First of Hawaii||$245|
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.
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.
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.
Even the best homeowners insurance usually doesn’t cover flooding. You need a separate flood insurance policy to cover flood damage.