Cheap Auto Insurance Quotes for Good Drivers in Hawaii

You’ve seen the catchy commercials from companies like Allstate and Nationwide that promise enormous savings. So you should just pick the company with the best ad, right?

It’s not that simple, unfortunately, as there are many unknowns such as any prior traffic citations, if your vehicle is considered high performance, the amount of coverage you want, and the neighborhood you live in. We will attempt to cover some of these topics and will hopefully give you a good beginning to your quest for cheaper car insurance in Hawaii.

The vehicle model requiring insurance is one of the biggest factors when quoting the lowest-priced auto insurance for good drivers. Vehicles with higher performance, poor safety ratings, or a history of substantial liability claims will cost significantly more to insure than more economical and safe models.

The tables below illustrates coverage prices for some of the most affordable automobiles to buy coverage for.

Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Rate quotes do not factor in specific location which can revise coverage rates greatly.

Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Hawaii minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Prices do not factor in garaging location in Hawaii which can modify auto insurance rates noticeably.

Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Price information does not factor in your specific Hawaii location which can affect prices considerably.

Establishing which insurers offer the lowest-priced auto insurance rates for good drivers takes a little more effort than just quoting one company’s rates. Each auto insurer has a proprietary method to determine premium rates, so we’ll go over the lowest cost auto insurance companies in Hawaii.

It’s important that readers know that Hawaii auto insurance rates are impacted by many things that can increase the price you pay for coverage. Simply getting older, having a teen driver, or getting a few speeding tickets can trigger price changes that can make some companies more affordable than the competition.

Cheapest Insurance Rates for Good Drivers

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USAA has some of the most affordable car insurance rates in Hawaii at around $926 each year. State Farm, GEICO, Liberty Mutual, and Progressive also are some of the more affordable Hawaii insurance companies.

In the above example, if you currently have a policy with GEICO and switched to USAA, you might achieve savings of upwards of $409. Customers with Liberty Mutual could save as much as $523 a year, and Progressive insureds might lower prices by $650 a year.

Bear in mind that those policy rates are averages for all ages of drivers and types of vehicles and and are not figured with a rate discount for good drivers. So the car insurance company that can offer the best rates for your situation may not even be featured in the list of companies shown earlier. That affirms the importance of why you need to get auto insurance quotes using your own specific driver information and vehicle.

Comparison of full coverage and liability-only policies

Finding cheap car insurance for good drivers in Hawaii should be important to most drivers, and one good way to pay lower rates for insurance is to not pay for full coverage. The diagram below visualizes the comparison of insurance costs with full physical damage coverage compared to only buying liability only. The premiums are based on no accidents or driving violations, $250 deductibles, single marital status, and no discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $250 Deductibles’, ‘Liability Only’],[‘Age 20’, 3205,1065],[‘Age 30’, 1649,587],[‘Age 40’, 1633,543],[‘Age 50’, 1487,509],[‘Age 60’, 1443,501],[‘Age 70’, 1763,669]]);var options = {title: ‘Comparison of Rates for Full Coverage and Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Hawaii’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

Averaged for all ages 20 through 70, physical damage insurance costs $1,863 per year more than just insuring for liability. Many people question when is the right time to remove full coverage. There is no exact rule of when to phase out comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is more than 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let’s assume your vehicle’s book value is $5,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would receive is $4,500 after paying your policy deductible. If premium cost is more than $450 annually for your policy with full coverage, then it may be the right time to buy liability only.

The example below demonstrates how choosing different deductibles can affect insurance costs when trying to find cheap insurance for good drivers. The rates are based on a married male driver, comp and collision included, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2251,2057,1843,1635],[‘Age 30’, 1189,1087,965,851],[‘Age 40’, 1139,1045,935,829],[‘Age 50’, 1043,957,859,763],[‘Age 60’, 1023,941,843,749],[‘Age 70’, 1173,1083,977,881]]);var options = {title: ‘Deductible Levels and Auto Insurance Rates in Hawaii’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

In the chart above, a 30-year-old driver could lower their policy premium by $204 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $310 by choosing a $1,000 deductible. Even younger insureds, like the 20-year-old category, could roll back prices up to $616 annually by using a higher deductible.

If you make the decision to raise deductibles, it is essential to have additional funds in a savings account to be able to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Ideas to find the cheapest auto insurance for good drivers

Here are a few penny-pinching ideas that can help you get cheap coverage.

• Home or renters coverage can save on auto insurance
• Avoid filing small claims
• Drive vehicles with five-star safety ratings
• Prevent rate increases by staying accident-free
• Just one traffic violation will increase your rates
• Shop around for cheaper prices

That final tip is remarkably necessary, as was affirmed in this write-up. Auto insurance prices in Hawaii change constantly, so don’t be afraid to change to a new company if a cheaper price is available. Brand loyalty is not necessarily bad, but is isn’t recommended if that inflexibility results in costing you a lot of money every month. If you have a few minutes, now is a great time to shop around to find cheaper car insurance for good drivers.