Best homeowners insurance in Hawaii for 2022

We looked at policy cost, coverage quality, and unique policy offerings for Hawaii residents to find the best homeowners insurance companies in Hawaii.

Jessica Olivo

By

Jessica Olivo

Jessica Olivo

Freelance contributor

Jessica Olivo is a writer living in Connecticut. She specializes in web and blog content in a variety of topics such as parenting, business, and culture, as well as serialized and short fiction.

After working in publishing and book publicity for many years, she transitioned to freelance writing full time.

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This article has been reviewed by a licensed Policygenius expert to ensure that sources, statistics, and claims meet our standard for accurate and unbiased advice.

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By

Ian Bloom, CFP®, RLP®

Ian Bloom, CFP®, RLP®

Certified Financial Planner

Ian Bloom, CFP®, RLP®, is a certified financial planner and a member of the Financial Review Council at Policygenius. Previously, he was a financial advisor at MetLife and MassMutual.

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Hawaii may be exactly what you picture when you think about an island paradise, but even so, a good home insurance policy is a vital asset for every homeowner.

Fortunately, the average cost of homeowners insurance in Hawaii is only $486 per year or $40 a month. This is around 74% lower than the national average of $1,899.

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But there are other factors you should consider when choosing an insurer. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Hawaii.  

Best homeowners insurance companies in Hawaii

Of the companies we looked at, DB Insurance has the lowest home insurance rate in Hawaii, with an average yearly cost of $286. 

State Farm’s $581 yearly premium is the most expensive, but it also has the highest score from J.D. Power, which rates companies based on customer and claims satisfaction. Customer service is an important factor to consider when choosing a home insurance company.   

Policygenius analyzed thousands of quotes from the 5 largest Hawaii insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Hawaii residents to find the best homeowners insurance in Hawaii.

Company

Average yearly cost

J.D. Power Rating

State Farm

$581

835

First Insurance Company of Hawaii

$437

--

Allstate

$471

829

DB Insurance

$286

--

Island Insurance Companies

$408

--

State Farm

State Farm logo

There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.

Pros

  • Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage

  • Get up to $1 million in personal liability coverage

  • Score discounts for bundling, installing security devices, and choosing a high deductible

  • File and track claims online, over the phone, in person, or through its mobile app

  • High customer satisfaction and financial strength ratings

Cons

  • No discounts for first-time homebuyers or going a year without a claim

Why State Farm tops our best list

State Farm’s exemplary customer service sets it apart from its competitors. Not only does State Farm rate highly for claim satisfaction, it also offers customers a variety of online resources and tools to make buying insurance, accessing your policy, and filing claims quick and easy. The State Farm mobile app even allows customers to view ID cards from your phone as well as upload photos directly to a claim to expedite the process.   

How to get a quote

Online through State Farm

First Insurance Company of Hawaii

First Insurance Company of Hawaii logo

First Insurance Company of Hawaii's unique FirstTrack hurricane policy that pays out claims after a storm hits your area — regardless of whether your home is damaged — sets this insurer apart from the competition.

Pros

  • Covers homes that are usually more difficult to insure

  • Special hurricane coverage pays out a predetermined amount based on the size and proximity of the storm — regardless of whether your home is damaged

  • Can purchase NFIP flood insurance at the same time as your standard home insurance policy

  • Save up to 40% when you bundle your home and auto insurance policies

  • Identity fraud coverage included in the base policy

Cons

  • Not much information about coverage add-ons available online

  • Can't file claims online — must call, fax, or email an agent

Why First Insurance Company of Hawaii tops our best list

While flood insurance has to be purchased through the National Flood Insurance Program, you can apply for it directly through First Insurance Company of Hawaii, saving you an extra step. Since flooding can be a big issue in the Hawaiian islands, having this coverage with First Insurance Company of Hawaii can save you a lot of time, money, and frustration.

How to get a quote

Online through First Insurance Company of Hawaii

Allstate

Allstate logo

Allstate's mix of exceptional customer satisfaction ratings, personalized coverage options, and numerous discount opportunities make it one of the most popular homeowners insurance companies on the market.

Pros

  • Several coverage add-ons, including ones for roof surfaces, water backup, green improvements, and mold protection

  • 8+ discounts, including autopay, bundling, zero claims, and new homebuyer

  • Get up to 25% off your premiums when you bundle home and auto insurance

  • Excellent customer service and claims satisfaction ratings

  • File and track claims online or through its mobile app

Cons

  • Rates are typically high compared to competitors

Why Allstate tops our best list

Allstate gives customers many ways to save money on your policy through a wide range of discounts. If you’re switching to Allstate from another company, you can receive a 10% welcome discount. Renewing a policy? You can get a 10% loyalty discount. But the discount we like the most is the 25% your home and auto policies when you bundle the two with Allstate. Between the savings and the high J.D. Power score, Allstate is a great option for Hawaii homeowners.

How to get a quote

Online through Policygenius or Allstate 

DB Insurance

DB Insurance logo

Although there's limited information about DB Insurance available online, one huge perk the insurer offers is up to 40% in savings when you bundle your home and auto insurance together.

Pros

  • Save 10% on your home insurance and 30% on your car insurance when you bundle your policies together

  • Good financial stability

Cons

  • Minimal information about coverage options and discounts available online

  • Can't file claims online

Why DB Insurance tops our best list

DB Insurance incentivizes customers to purchase both home and auto insurance together with a 40% companion policy discount. If you bundle your insurance with DB Insurance, you can save 30% on auto insurance as well as an additional 10% off your home insurance. 

How to get a quote

By calling DB Insurance

Island Insurance Companies

Island Insurance Companies logo

Island Insurance Company has been one of Hawaii's go-to insurance companies for over 80 years. With customizable home insurance policy options for most homes and coverage needs, Island Insurance is a great option for most Hawaii residents.

Pros

  • Save up to 18% on auto insurance and 10% on homeowners insurance when you combine the two under the Island Package Bundle

  • Flexible and customizable coverage options for various home and protection needs

Cons

  • Not much information online about coverage offerings

  • No online claims option

Why Island Insurance tops our best list

Island Insurance prides itself on being the only locally owned and serviced home insurance company in Hawaii, making them the best choice for Hawaiians who want to support their local community. It has a strong financial backing and over 80 years of experience in Hawaii.   

How to get a quote

Online through Island Insurance

Cheapest homeowners insurance companies by city in Hawaii

Looking at average home insurance costs for the 15 most popular insurers in Hawaii, we found that the cheapest homeowners insurance companies in the state is DB Insurance with an average yearly rate of $286 all across the state.

The cost of homeowners insurance is based on a number of factors about your home, including its age, value, and size. 

Where you live plays a big factor as well. Since areas of higher crime are likely to see more claims due to break-ins and vandalism, rates in those neighborhoods will often be more expensive. Likewise, if you live in an area with volcanic activity or heavy windstorms, you may see higher rates as well.

City

Company

Average yearly cost

Anahola

DB Insurance

$286

Camp H M Smith

DB Insurance

$286

Captain Cook

DB Insurance

$286

Eleele

DB Insurance

$286

Ewa Gentry

DB Insurance

$286

Fern Acres

DB Insurance

$286

Fort Shafter

DB Insurance

$286

Haiku-Pauwela

DB Insurance

$286

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Shopping for homeowners insurance in Hawaii

Home insurance rates in Hawaii are among the lowest in the country, but you still need to make sure you’re getting the best coverage for that low cost when shopping for homeowners insurance

In this section, we break down the average annual home insurance rates in Hawaii for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies in the state for individuals with a poor credit score, dog owners, and pool owners. Once you’re ready to shop, a Policygenius expert can help you navigate your coverage needs and help you find the best deal on homeowners insurance in Hawaii.

Hawaii home insurance costs by coverage amounts

Dwelling coverage is the portion of your homeowners policy that covers the cost of repairs to your home. To make sure you have enough coverage to rebuild your entire house if need be, your dwelling coverage limit should be based on your home’s replacement cost rather than the market value or the purchase price. 

In Hawaii, a policy with $500,000 in dwelling coverage costs an average of $811 a year, while a policy with $100,000 in coverage costs $264.  

Dwelling coverage amount

Average yearly cost

$100,000

$264

$200,000

$349

$300,000

$486

$400,000

$647

$500,000

$811

Liability coverage protects your assets in case you are responsible for someone else’s injuries or damage to their property. Since lawsuits can result in costly settlements, your liability coverage should be based on the total value of your assets, such as your home, cars and other vehicles, and liquid assets like cash and certain investments. 

Liability coverage amount

Average yearly cost

$100,000

$450

$200,000

$466

$300,000

$486

$400,000

$430

$500,000

$522

Hawaii home insurance costs by deductible amount

Your homeowners insurance deductible is the amount you pay toward each covered claim. Since this payment must be made for every claim you file, it’s important that you choose a deductible amount that you’ll be able to afford in the event of a loss. 

As seen in the table below, Hawaii residents can save around $99 on home insurance by choosing a $2,000 deductible over the $500 option.

Deductible amount

Average yearly cost

$500

$535

$1,000

$486

$2,000

$436

Home insurance discounts in Hawaii

Insurance companies will often offer discounts to customers with home security systems. By installing a burglar alarm, smoke detector, or deadbolt, you are making your home safer against fires and theft, which means you are less likely to file an insurance claim. 

While you won’t get a huge discount if your house has one of the following features and nothing else, they can add up if you have several protective devices in your home. Here is the average annual rate and average discount percentage for homes in Hawaii with deadbolts, smoke alarms, or burglar alarms. 

Discount

Average yearly cost

Dead bolt

$486

Smoke alarm

$477

Burglar alarm

$463

Home insurance companies in Hawaii for dog owners

Dog owners may see higher home insurance rates since certain dog breeds are often responsible for bite-related liability claims. 

With an average rate of $286 per year, DB Insurance has the cheapest home insurance rates in Hawaii  for a home with a dangerous dog breed, while State Farm’s average yearly premium of $581 is the highest. 

Company

Average yearly cost

DB Insurance

$286

Island Insurance Companies

$408

First Insurance Company of Hawaii

$437

Allstate

$471

State Farm

$581

Home insurance companies in Hawaii for pool owners

Insurance companies often charge higher rates to customers who own pools, since having one on your property increases the probability of injuries and liability claims. Not all companies factor this risk as heavily into your overall cost, however, so it’s important to compare quotes to get the best rate.

With an average rate of $286 per year, DB Insurance has the cheapest home insurance rates for Hawaii homes that have a swimming pool, while State Farm’s average yearly premium of $581 is the most expensive.

Company

Average yearly cost

DB Insurance

$286

Island Insurance Companies

$408

First Insurance Company of Hawaii

$437

Allstate

$471

State Farm

$581

How to buy homeowners insurance in Hawaii

With a variety of natural disasters capable of causing major damage to homes in Hawaii, it’s important to have enough coverage to provide comprehensive protection against the elements. 

Here are a few steps to ensure you purchase the home insurance policy that’s best for you:

  1. Reach out to a licensed Policygenius agent. If you have questions on anything from determining your coverage limits to choosing a deductible, a Policygenius can help at no cost to you. 

  2. Ask about the Hawaii FAIR plan. If you are unable to get an insurance policy for any reason, you can still get coverage to protect your home through this last resort insurance option. 

  3. Figure out how much you can afford to pay for your deductible. If your home doesn’t face much weather or theft risk, consider opting for a high deductible to lower your premiums.

  4. Compare quotes from a Policygenius agent. A Policygenius agent can help you compare quotes from several different companies to make sure you are getting the right coverage at the best price.

  5. Choose your policy, sign, and pay your first premium. Once you’ve picked the right policy, a Policygenius agent can prepare the paperwork for you to sign. After that, you only need to make your first payment. Your agent will even cancel your old policy for you, if need be.

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Frequently asked questions

What is the average home insurance cost in Hawaii?

The average cost of homeowners insurance in Hawaii is $486 per year or $40 a month.

Is hurricane insurance mandatory in Hawaii?

While insurance is not legally mandated by the state, most mortgage lenders require homeowners insurance as a stipulation for your loan.

Is flood insurance required in Hawaii?

If you live in a flood zone or an area of high risk, you may be required by your mortgage lender to purchase flood insurance.

Do I need flood insurance in Hawaii?

Since most homes in Hawaii are in close proximity to the coast and there is a high propensity for tropical storms and other severe weather, flood insurance can likely save you hundreds, even thousands of dollars in repairs due to flood damage.

Methodology

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

Author

Freelance contributor

Jessica Olivo

Freelance contributor

Jessica Olivo is a writer living in Connecticut. She specializes in web and blog content in a variety of topics such as parenting, business, and culture, as well as serialized and short fiction.

After working in publishing and book publicity for many years, she transitioned to freelance writing full time.

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