Who Has Cheap Car Insurance for Drivers with Bad Credit in Hawaii?

The safety and performance level of the vehicle on the policy is probably the largest consideration when trying to find economical coverage for drivers with bad credit. Vehicles with more horsepower, poor safety ratings, or a track record of large liability claims will cost significantly more to insure than safer models.

The next lists illustrates coverage prices for some of the more afforable vehicles to buy insurance for.

Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Hawaii minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Rate information does not factor in specific location which can revise premiums greatly.

Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Hawaii minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Premium amounts do not factor in specific garaging location which can impact prices substantially.

Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Hawaii minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Premium costs do not factor in specific location information which can revise coverage prices significantly.

For people with poor credit, one of the largest considerations that establish the annual cost of car insurance is your address in Hawaii. Areas with a lot of weather claims or more people like Hilo, Kailua, and Honolulu are more likely to pay higher prices, whereas areas with less traffic congestion and claims have the luxury of lower rates.

The information below illustrates the most expensive cities in Hawaii for drivers with bad credit to buy car insurance in.

Rate information is comparative as vehicle location can alter coverage rates substantially.

Get discount Hawaii auto insurance rates

Car insurance companies that sell cheap auto insurance for drivers with bad credit in Hawaii may also give you discounts that could reduce prices by as much as 25% or more if you meet eligibility requirements. Large car insurance companies and a summarized list of policyholder discounts are detailed below.

The information below visualizes the comparison of insurance costs with and without discounts applied to the policy rates. The premium estimates are based on a male driver, no claims or driving violations, Hawaii state minimum liability limits, comp and collision included, and $100 deductibles.

The first bar for each age group shows the price with no discounts. The second bar shows the rates with multiple policy, claim-free, marriage, multiple vehicle, vehicle safety, and passive restraint discounts applied. When drivers take advantage of discounts, the the average yearly reduction on car insurance for drivers with bad credit is 42% or $820.

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Liability only or full coverage

Finding cheap auto insurance for drivers with bad credit in Hawaii is the goal of the majority of drivers, and one of the fastest ways to buy cheaper insurance is to buy liability only. The example below shows the comparison of insurance premiums when comparing full coverage to liability only. The costs are based on no violations or accidents, $250 deductibles, marital status is single, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $250 Deductibles’, ‘Liability Only’],[‘Age 20’, 2373,807],[‘Age 30’, 1251,447],[‘Age 40’, 1227,415],[‘Age 50’, 1121,389],[‘Age 60’, 1087,383],[‘Age 70’, 1317,509]]);var options = {title: ‘Comparison of Rates for Full Coverage and Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Hawaii’,minValue: 0,format: ‘$###,###’},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);}

If the expense is averaged for all age categories, full coverage costs $1,396 per year over and above liability only. That touches on the question when is it a good idea to stop buying full coverage. There is no written rule of when to stop paying for physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is about 10% or more of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your vehicle’s book value is $6,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, you would only receive $5,000 after paying your deductible. If you are paying in excess of $500 a year to have full coverage, then you may need to consider dropping full coverage.

Who is cheaper: Allstate, Geico, Progressive, or State Farm?

When comparing car insurance for people with poor credit in Hawaii, four companies to definitely compare rates with are Allstate, Geico, Progressive, and State Farm. The next table points out some of the ratings and options that are available.