Alani es una escritora independiente especializada en finanzas personales. Su objetivo es hacer que los temas complejos sean más accesibles a través de contenidos divertidos y digestibles.
5+ years in insurance and personal finance content
Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
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The Aloha State is home to sunny weather, beautiful beaches, and rich culture. The average annual cost of home insurance is also cheaper than the national average, at $223 for a $300,000 policy with a $1,000 deductible.
Homeowners should also know that the state of Hawaii is vulnerable to flooding, earthquakes, and hurricanes. To protect your home, consider adding supplemental insurance for those hazards.
Allstate, Island Insurance, Universal Property & Casualty Insurance Company are the cheapest home insurance companies in Hawaii.
Fortifying your home against weather risks in Hawaii can earn you a discount on your policy.
Standard home insurance policies don’t cover hurricane damage in Hawaii, so you’ll need to purchase add-on coverage.
Best home insurance companies in Hawaii
Many quality home insurance companies serve homeowners in Hawaii, but the right company may differ from your neighbor’s. Evaluate your situation and needs to find the best homeowners insurance company. Start your search with the insurers below.
Insurance Company
Average Annual Premium
Best For
Island Insurance
$454
Cheapest rates
Universal Property & Casualty Insurance Company
$610
Senior homeowners
Allstate
$655
Company reputation
Hawaii Insurance and Guaranty
$984
Union members
Cheapest rates: Island Insurance
cheapest ratesisland insurance
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IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
NR
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
Not rated
For the most affordable homeowners policy, look no further than Island Insurance. Its average policy is 81% cheaper than the national average homeowners insurance cost. The company also offers an auto and home insurance bundle that saves customers an average of $436, according to its website.
Pros
10% multi-policy discount
Free equipment-breakdown and identity-theft-assistance coverage
Cons
Limited discounts and coverages
Limited customer service hours
Best insurer for senior homeowners: Universal Property & Casualty Insurance Company
senior homeownersUniversal Property
Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
NR
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
Not rated
People 65 and older account for nearly 21% of the population in Hawaii, according to Census Bureau data.[1] If you’re a homeowner age 65 or older, you’ll receive a senior discount with Universal Property & Casualty Insurance Company.
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.2/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
631
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$71/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$117/mo
Homeowners account for about 63% of households on the islands.[2] Allstate is the second-largest homeowners company in the nation by market share. It has strong financial strength ratings and offers several discounts, including a loyalty discount, windstorm mitigation discount, and protective device discount.
Pros
Competitive rates
AM Best financial strength rating of A+ (Superior)
Cons
Below-average J.D. Power customer satisfaction rating
More complaints received than average, according to the National Association of Insurance Commissioners (NAIC)
Best insurer for union members: Hawaii Insurance and Guaranty
Union members accounted for 24% of wage and salary workers in Hawaii, according to U.S. Bureau of Labor Statistics data.[3] If you’re a union member, you may receive a discount from Hawaii Insurance and Guaranty.
Pros
Low rates
Multiple available discounts
Cons
Limited digital experience
Limited customer service hours
Find Cheap Home Insurance in Hawaii
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Cheapest home insurance in Hawaii
The cheapest homeowners insurance company in Hawaii is Allstate. Policyholders with the company pay a monthly average of $71 for a $300,000 policy. This is significantly cheaper than the average cost of home insurance in Hawaii.
The table below shows the cheapest home insurance companies in Hawaii.
The below rates are estimated rates current as of: Monday, July 28 at 12:00 PM PDT.
The average cost of home insurance for a $300,000 policy with a $500 deductible in Hawaii is $246 per year, but your premiums will vary based on several factors.
Your home’s ZIP code, age and condition, replacement cost, coverages, and your claim’s history are among the few factors that your insurer evaluates when setting your premiums. Essentially, your home insurance rates reflect how likely you are to file a claim and how much the insurer must pay.
Cost of homeowners insurance by dwelling coverage amount
Standard homeowners insurance policies include dwelling coverage, which protects the physical structure of your home. The more dwelling coverage you need to replace your home in the event of a total loss, the more expensive your premiums will be.
Take a look at the table below for the average annual premium of policies with a $1,000 deductible and different dwelling coverage limits.
The below rates are estimated rates current as of: Monday, July 28 at 12:00 PM PDT.
A deductible is the amount you must pay before insurance disburses your claim. For example, if the insurer settles your claim for $10,000 and you have a $1,000 deductible, then you’ll receive $9,000 for repairs.
A low home insurance deductible leads to higher premiums on your policy. Meanwhile, a high deductible results in lower premiums. Before choosing a deductible, be sure you can afford it if you need to file a claim. Below, you’ll find the average cost for a policy with a $500 and $1,000 deductible for a policy with $300,000 in dwelling coverage
Deductible Amount
Average Annual Premium
$500
$246
$1,000
$223
How to get cheap homeowners insurance in Hawaii
While homeowners insurance coverage is essential, it’s an additional cost. Fortunately, Hawaii residents can take several steps to save on their policy:[4]
Shop around. Hawaii insurance companies calculate premiums differently. Comparing costs and coverages is one of the best ways to get the lowest price on the coverages you need. Shop the marketplace for competitive rates at least once yearly to ensure you’re not overpaying on your policy.
Bundle policies. Many home insurance companies offer discounts for bundling your home and auto insurance policy. This is usually one of the most common and effective ways to save. Some companies even offer discounts for bundling three or more insurance products.
Fortify your home. Homes in Hawaii are susceptible to certain damages from high winds. That’s why insurers offer discounts for making weather-resistant home improvements. Some of these improvements include installing shatterproof windows and updating your roof.
Implement security features. Security devices, such as smoke detectors, security cameras, and security alarm systems, are a good idea to protect your home from break-ins and fire disasters. Increased protection decreases the likelihood of filing a claim and reduces your premiums.
How much homeowners insurance do you need in Hawaii?
The amount of homeowners insurance you need in Hawaii depends on your coverage needs. You may need additional insurance for certain risks. For example, common weather risks in Hawaii may call for supplemental flood and earthquake insurance. Or, if you own high-value items like artwork or jewelry, you might purchase a personal belongings floater.
Most mortgage lenders require homeowners insurance if you have an outstanding mortgage on your home. Even if you don’t have a mortgage, insurance coverage is important to protect your investment financially from an unexpected disaster.
Additional living expenses coverage, or loss of use coverage
Each type of coverage comes with its own coverage limits, which you and your insurer determine. Before buying a policy, it’s important to understand what home insurance policies cover to decide how much coverage you need.
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What are some of the biggest risks when owning a home in Hawaii?
The biggest risks in Hawaii are flooding, earthquakes, and hurricanes. Standard home insurance policies won’t cover those perils, but you can purchase supplement insurance at an extra cost.
Here’s what you need to know about these hazards and where to get coverage:
Flooding
If you live in Hawaii, you want to protect your home from flood damage. Floods pose a risk to 31.5% of properties in Honolulu over the next 30 years, according to the First Street Foundation, a nonprofit that provides data on climate risk in the housing market. Unfortunately, standard home insurance doesn’t cover floods. So, you’ll need to buy a separate policy through the National Flood Insurance Program (NFIP) or a private insurance company that offers flood coverage.
Earthquakes
Active volcanoes cause thousands of earthquakes yearly in Hawaii.[5] Some of these earthquakes are small, but others cause major damage. Standard home insurance doesn’t cover earthquake damage, so you’ll have to buy extra coverage from a private insurer. Ask your insurance agent about earthquake coverage for your house and your personal items.
Hurricanes
In 1992,Hurricane Iniki, a level 4 storm, caused $3 billion in major damages on the islands.[6] Hurricane season is June–November, and homeowners should consider buying hurricane insurance because standard home policies in Hawaii don’t cover hurricanes. So, it’s a good idea to ask your home insurance company about its hurricane coverage options.
Hawaii homeowners insurance FAQs
If you’re shopping for a home insurance policy in the Aloha State, this additional information may help as you research your coverage options.
How much is home insurance in Hawaii?
Home insurance in Hawaii costs $223 per year for a policy with a $1,000 deductible and $300,000 in dwelling coverage, Insurify data shows. But your rates will depend on multiple factors, including your ZIP code, age of your home, square footage of your home, and coverage levels you choose.
Which company has the cheapest homeowners insurance in Hawaii?
Allstate has the cheapest homeowners insurance in Hawaii, with premiums of $71 per month.
Does Hawaii require homeowners insurance?
No. Hawaii doesn’t require homeowners insurance, but your lender will require it if you have a mortgage on your home. Carrying this coverage is important so that if something damages or destroys your home you won’t be on the hook financially to pay for the repairs.
Is hurricane insurance required in Hawaii?
No. The state of Hawaii doesn’t require hurricane insurance. But your lender will probably require you to carry this coverage as a condition of your mortgage approval. Hurricane coverage is add-on insurance that covers wind-related damage that hurricanes cause.
Methodology
Insurify data scientists analyzed rates from more than 180 home insurance companies sourced directly from Insurify’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Default Coverage Assumptions
Dwelling coverage: $300,000
Deductible: $1,000
Personal property limit: $25,000
Liability limit: $300,000
Additional data points beyond these default values are sourced from Insurify’s proprietary database. Rates are updated monthly.
Alani Asis is a personal finance freelance writer with nearly three years of experience in content creation. She has landed bylines with leading publications and brands like Insider, Fortune, LendingTree, and more. Alani aims to make personal finance approachable through fun, relatable, and digestible content.
Alani has been a contributor at Insurify since January 2023.
5+ years in insurance and personal finance content
Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
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