HawaiiHomeowners Insurance

Find the Best Homeowners Insurance Rates & Companies in Hawaii

The current average cost of homeowners insurance in Hawaii is just $382 per year or just under $32 per month for a policy with $250,000 in dwelling coverage. This falls well below the national average rate of $1,428 per year. Still, having home insurance in Hawaii is critical to prevent potential financial losses due to many common disasters like vandalism, fire damage, and more.

Fortunately, a Hawaii independent insurance agent can get you equipped with the right kind of home insurance. They'll make sure to find a policy that best suits your needs. But first, here's an overview of Hawaii home insurance rates and more.

Best Homeowners Insurance Companies in Hawaii

Many different Hawaii insurance companies could sell you a home insurance policy. But since you're looking for the best overall blend of coverage and cost and you don't have time to waste, you can start with our list. Check out some of the top home insurance companies in Hawaii and skip right to the best.

• Allstate: Allstate sells home insurance coverage at a highly affordable rate in Hawaii, at just $358 on average for a policy with $250,000 in dwelling coverage. Allstate provides a lot of customizable options for home insurance, such as optional identity theft coverage, yard and garden coverage, musical and sports equipment coverage, electronic data recovery coverage, and others. The carrier also offers a multitude of discounts to help further reduce your rates.
• Ocean Harbor: Ocean Harbor Insurance Group offers coverage at just a slightly higher rate of $521 per year for the same amount of dwelling protection. The carrier offers plenty of add-ons you can customize your policy with, including water and sewer backup coverage, debris removal coverage, and ID recovery coverage. Ocean Harbor also offers tons of discount options to help bring down your policy's costs.
• AIG: AIG also has affordable policy rates at an average of $456 annually. Here's the catch: policyholders must get a policy with at least a limit of $750,000 in dwelling coverage. Further, you must belong to AIG's Private Client Group to be eligible to receive coverage. But if you qualify, you can enjoy many perks to your coverage, such as guaranteed replacement cost and disaster mitigation services.

A Hawaii independent insurance agent can help you find the right home insurance policy from one of these excellent local carriers.

What Homeowners Insurance in Hawaii Can Cover

Hawaii gets impacted by natural disasters fairly often. It's critical to understand that just a standard home insurance policy may not provide you with enough coverage against some of the state's most common disasters, which include floods, flash flooding, and tropical storms. Review the coverage included in your home insurance policy from the start so you can be prepared. 

Floods and Flash Flooding

Floods and flash flooding caused by storms like hurricanes and tsunamis are by far the most common natural disasters in Hawaii. It's crucial to be aware that a standard home insurance policy in Hawaii doesn't cover natural sources of flooding, such as heavy rainfall, tsunamis, and hurricanes. A separate flood insurance policy is necessary to protect against flooding disasters.

Tropical Storms

Tropical storms are also very common in Hawaii. However, your home insurance may not provide coverage for any components of tropical storms other than potential lightning and resulting fire damage in Hawaii. Many home insurance policies in Hawaii exclude wind damage coverage, so you'd need a separate windstorm policy to make up for this coverage hole. You'd also need flood insurance to protect your property against this element of tropical storms.

What Homeowners Insurance in Hawaii Will Not Cover

As previously mentioned, Hawaii's standard home insurance doesn't cover flood disasters and often does not cover wind damage. But Hawaii home insurance also doesn't cover damage caused by earthquakes. Separate earthquake insurance would be needed to protect against losses due to damage from these natural disasters. Hawaii has an extremely high flood, earthquake, and windstorm risk, so consider adding these coverages with the help of an independent insurance agent.

Flood Damage in Hawaii

While flooding certainly occurs in Hawaii due to rain, tropical storms, etc., it can also occur because of a totally different threat. Sewer breaks and backups can cause an even messier form of flooding in the home, and protection against this threat is often excluded by home insurance as well. Make sure to look into adding a separate rider, floater, or endorsement to give your home insurance policy coverage against sewer breaks and backups and resulting flood damage to your home.

Average Cost of Homeowners Insurance in Hawaii

The current average cost of home insurance in Hawaii is just $382 per year or under $32 per month. Considering the current national average premium rate for home insurance is $1,428 annually, Hawaii's rates are shockingly low in comparison. The much cheaper cost of home insurance in Hawaii can be due to the state's exclusion of wind coverage from standard home insurance. Many Hawaii homeowners are forced to purchase separate windstorm or hurricane insurance to compensate for this.

Average Hawaii Home Insurance Costs by City

Know that your Hawaii home insurance rates actually vary by each city in the state as well. Some of the cheapest home insurance premiums in Hawaii are observed in the town of Hilo, at an average of $858 per year. Here are some Hawaii cities and the average cost of home insurance in each.

How well do Hawaii's cities measure up to the national average?

National average burglary rate 3.76 per 1,000 people

National average home value $269,000

National average home insurance cost $1,428 year

City	Avg. home value	Average annual home insurance cost
East Honolulu	$975,000	$1,318
Ewa Gentry	$609,766	$921
Hilo	$368,357	$858
Kahului	$765,810	$1,161
Kailua	$523,092	$903
Kaneohe	$865,957	$1,316
Kapolei	$634,346	$1,288
Kihei	$708,371	$1,122
Makakilo	$657,000	$1,299
Mililani Mauka	$716,257	$1,297
Mililani Town	$712,761	$1,264
Pearl City	$780,817	$1,275
Urban Honolulu	$695,375	$1,318
Wailuku	$596,638	$1,156
Waipahu	$638,126	$1,261

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