Auto Insurance in Hawaii Pricing and Costs

Find ways to save on your annual premium for car insurance in Hawaii

The average Hawaii auto insurance premium paid by residents in 2006 was $853 a year. That average ranks Hawaii as 15th for most expensive auto insurance, especially when the national average at that time was $817. As an individual or business owner, you need to maintain Hawaii car insurance coverage to protect your family, employees and/or business.

However, the notoriously high Hawaii auto insurance rates may cause some concern. Keep the following in mind to help you save money as you consider auto insurance in Hawaii pricing and costs:

1. Failure to meet the state minimum coverage requirements may result in fines.

2. Most agencies and companies offer various discounts on Hawaii auto insurance rates.

3. A larger deductible on your Hawaii auto insurance coverage means a smaller premium.

 

Maintain minimum auto insurance in Hawaii to avoid fines

Residents of Hawaii, by law, must have minimum liability coverage on their vehicles. Failure to maintain minimum coverage may result in fines, suspension of your license or even the possibility of jail time (if your record shows numerous offenses). Therefore, you not only have the fine to pay and a red mark on your driving record, but you may also suffer a loss of income because you can't drive to work.
Try: The Hawaii Department of Commerce and Consumer Affairs and the Atlas Insurance Agency provide specific information on the minimum requirements for Hawaii automotive insurance and the penalties for not meeting them.

Select an auto insurance company in Hawaii that provides premium discounts

There are several possibilities for discounts on your automotive insurance in Hawaii. Among them are discounts for multiple insurance polices (such as home and auto) through the same provider, safe drivers, safety features on the vehicle (like anti-lock brakes, airbags and car alarms), and even good student discounts for the teenagers on your policy that do well in school.
Try: AIG Hawaii offers special discounts for group auto insurance that may really benefit your business. Consider using the First Insurance Company of Hawaii, which, in addition to various premium discounts, offers a direct repair program that can save you money if your car needs repairs after a collision.

Increase your Hawaii car insurance deductible to save money

As you obtain Hawaii auto insurance quotes, ask the representative about how the premium changes as you increase your deductible. Smaller deductibles of $250 to $500 mean you'll be paying more on your premium, since the insurance company has to pay more for repairs in the event of an accident. The Hawaii Insurance Commissioner recommends that you go for a policy with a higher deductible to reduce your premium. Yes, you would pay more if you were in an accident, but that usually doesn't happen very often to most people.
Try: DTRIC Insurance offers a discount on your deductible for every year you go without a claim against your car insurance policy, which will save you even more money. Consult the Insurance Information Institute for more ways to save on your Hawaii auto insurance policy.

Copyright © 2011 Business.com, Inc. All Rights Reserved.

---