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 $41 a month. This is around 72% lower than the national average of $1,754.
Compare the best homeowners insurance companies in Hawaii
Policygenius found the best homeowners insurance companies in Hawaii by analyzing quotes across every ZIP code in the state. We also looked at J.D. Power customer satisfaction scores and compared that with the coverage needs of Hawaii residents to find the best homeowners insurance in the state.
Company | Average monthly cost | Policygenius rating | |
|---|---|---|---|
$36 | 4.9 out of 5 | ||
$48 | 4.8 out of 5 | ||
$39 | 4.4 out of 5 | ||
$51 | 4.2 out of 5 |
First Insurance Company of Hawaii
4.9
Why we chose it
First Insurance Company of Hawaii provides quality service at a low price for Hawaiian homeowners, including NFIP flood insurance and special coverage against hurricane damage.
Pros and cons
Pros
Rates are 11% cheaper than the Hawaii state average — plus you can save up to 40% by bundling your home and auto policies
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
Cons
Not much information about coverage add-ons available online
Can't file claims online — must call, fax, or email your agent
More details
Why we chose First Insurance Company
First Insurance Company of Hawaii (FICOH) is a great option for Hawaiian homeowners looking to save money on their home insurance without sacrificing customer service or financial stability. Its home insurance rates are cheaper than the already-low state average, and you can save even more by bundling your home and car insurance policies with the insurer.
FICOH is also a stellar choice for homeowners at high risk of hurricane damage — it offers a special coverage that automatically pays out a predetermined amount based on the size and proximity of the storm, regardless of whether your home is damaged or not.
How do First Insurance Company home insurance rates compare to the average in Hawaii?
The average cost of First Insurance Company home insurance in Hawaii is $437 per year, which is less than than the state average annual premium of $486 per year.
How to get a quote
Online through First Insurance Company
2023 Policygenius award winner
State Farm
4.8
Bundle home & auto
Offers extended replacement cost
Offers flood insurance
Offers earthquake insurance
Wind/hail deductible
Offers wildfire insurance
Why we chose it
State Farm is one of the best home insurance companies in Hawaii thanks to its large selection of policy options, high customer service marks, and industry-best financial stability ratings.
Pros and cons
Pros
Save up to $1,127 per year when you bundle your home and auto insurance
Excellent line-up of policy add-ons, including extended replacement cost coverage
Cons
No longer sells home insurance policies in California
20% more complaints filed with the NAIC than other companies of its size
More details
Why we chose State Farm
State Farm is one of the best home insurance companies in Hawaii, especially if you want to add coverage to a basic policy. State Farm lets homeowners get extended replacement cost coverage for their homes, replacement cost coverage for their personal property, water backup protection, and more.
State Farm's customer service is highly rated, too. The company has received high ratings from policyholders, according to J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys. It has also received the highest rating possible from A.M. Best for financial strength and stability.
How do State Farm home insurance rates compare to the Hawaii average?
The average cost of home insurance from State Farm in Hawaii is $581 per year, which is 20% more expensive than the statewide average.
How to get a quote
Online through State Farm or by contacting your local State Farm agent.
2023 Policygenius award winner
Allstate
4.4
Bundle home & auto
Smart home discounts
Why we chose it
Allstate is one of the best homeowners insurance companies in Hawaii for people looking for more affordable premiums. Besides affordability, Allstate also offers a few perks to lower your deductible each year you go without filing a claim.
Pros and cons
Pros
High-quality and flexible policy options
Numerous discounts and features that help you save
Below-average customer complaints
Cons
No longer sells home insurance policies in California
Below-average digital experience rating with J.D. Power
More details
Why we chose Allstate
Besides Allstate's lower-than-average premiums, its high customer satisfaction ratings and excellent coverage options make it a top choice for homeowners in Hawaii. We also like that Allstate has discounts for setting up automatic payments, bundling policies, and signing up for coverage before your current policy expires — all easy for many people to qualify for.
It also stands out thanks to its diminishing deductible program each year you go without filing a claim. Your rates also won't go up if you only file one claim within a five-year period.
How do Allstate home insurance rates compare to the Hawaii average?
The average cost of an Allstate home insurance policy in Hawaii is $471 per year, which is 3% cheaper than the state average.
How to get a quote
Online through Policygenius or Allstate, or by contacting a local Allstate agent.
AIG
4.2
Wind/hail deductible
Offers wildfire insurance
Smart home discounts
Offers extended replacement cost
Offers earthquake insurance
Mobile app
Offers flood insurance
Insures older homes
Bundle home & auto
Why we chose it
AIG offers high-dollar policy limits, exclusive coverage add-ons, and complimentary wildfire and hurricane protection services — best for affluent homeowners looking to purchase multiple insurance policies with one luxury carrier.
Pros and cons
Pros
Offers higher coverage limits for high-value homes
Guaranteed & extended replacement cost coverage available
Complimentary wildfire and hurricane mitigation services
Cons
Can’t purchase a stand-alone home insurance policy
Only insures homes valued at $750,000+
Can’t file claims online
More details
Why we chose AIG
Because AIG is designed exclusively for homes valued at $750,000 or more, rates vary widely based on where your home is located, its rebuild value, custom features and fixtures, and the wealth of unique artwork, jewelry, and other priceless possessions you have to insure.
How much does AIG home insurance cost in Hawaii?
The average cost of AIG home insurance in Hawaii is $616 per year, according to sample quotes provided to us by Quadrant Information Services. This makes AIG about 27% more expensive than the statewide average.
Methodology & why you can trust our rates
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.
How much is homeowners insurance in Hawaii?
The average cost of homeowners insurance in Hawaii is $486 per year, or $41 a month, for an insurance policy with $300,000 in dwelling coverage. This means insurance in Hawaii is significantly less expensive than the national average cost of $1,754 per year.
Hawaii homeowners insurance rates by city
Home insurance costs in Hawaii can vary depending on where you live. For example, home insurance in Hauula costs $482 per year, while in Hawaii National Park the average cost of coverage is $503 per year.
Here’s a look at the average cost of home insurance in the 20 largest cities in Hawaii.
City | Average monthly cost | Average annual cost | Difference from state average (%) |
|---|---|---|---|
Waimalu | $40 | $482 | -1% |
Anahola | $40 | $484 | 0% |
Captain Cook | $40 | $484 | 0% |
Eleele | $40 | $484 | 0% |
Ewa Gentry | $40 | $482 | -1% |
Kapolei | $40 | $482 | -1% |
Haiku-Pauwela | $40 | $484 | 0% |
Hakalau | $40 | $484 | 0% |
Pupukea | $40 | $482 | -1% |
Hana | $40 | $484 | 0% |
Wainiha | $40 | $484 | 0% |
Hanapepe | $40 | $484 | 0% |
Hauula | $40 | $482 | -1% |
Hawaii National Park | $42 | $503 | 3% |
Hawi | $40 | $484 | 0% |
Hilo | $40 | $484 | 0% |
Princeville | $40 | $484 | 0% |
Honalo | $40 | $484 | 0% |
Honaunau | $42 | $503 | 3% |
Honokaa | $40 | $484 | 0% |
Hawaii homeowners insurance rates by coverage amount
The table below highlights the average annual premium in Hawaii for five different levels of dwelling coverage, which is the part of your policy that covers structural damage to your home.
Generally speaking, more dwelling coverage means higher homeowners insurance rates, as shown in the table below.
Dwelling coverage limit | Average annual cost |
|---|---|
$100,000 | $264 |
$200,000 | $349 |
$300,000 | $486 |
$400,000 | $647 |
$500,000 | $811 |
Cheapest homeowners insurance companies 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 Hawaii are DB Insurance, UPC Insurance, and Universal.
Company | Average annual cost |
|---|---|
DB Insurance | $286 |
$317 | |
Universal | $339 |
Island Insurance Companies | $408 |
$437 | |
$471 | |
$581 | |
$616 | |
RLI Insurance | $666 |
Ocean Harbor Insurance | $708 |
Cheapest Hawaii homeowners insurance if you have an older home
Older and historic homes are usually more expensive to insure than newer homes. Insurers consider them a higher risk because they can be fragile, their construction materials may be obsolete, and certain structural components like the roof or plumbing may not be in good shape or up to current-day code.
Here are the cheapest home insurance options in Hawaii for a 50-year-old home.
Company | Average annual cost |
|---|---|
DB Insurance | $286 |
UPC Insurance | $328 |
Universal | $342 |
Island Insurance Companies | $408 |
First Insurance Company of Hawaii | $437 |
Allstate | $471 |
AIG | $616 |
RLI Insurance | $666 |
State Farm | $672 |
Ocean Harbor Insurance | $946 |
Cheapest Hawaii homeowners insurance if you have a history of claims
One of the biggest factors that plays a role in your home insurance premium is your claims history. You'll typically pay more for home insurance if you have multiple claims on your record, since insurers perceive you as posing a greater risk of filing more claims later on.
Here are the cheapest home insurance companies in Hawaii for a homeowner with three claims within a five-year period.
Company | Average annual cost |
|---|---|
Universal | $339 |
Island Insurance Companies | $408 |
UPC Insurance | $412 |
DB Insurance | $420 |
Allstate | $471 |
First Insurance Company of Hawaii | $598 |
RLI Insurance | $666 |
State Farm | $709 |
Ocean Harbor Insurance | $855 |
AIG | $906 |
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:
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.
