Cheap Auto Insurance Quotes for 18 Year Olds in Hawaii

For teen drivers, one of the big components that is used to calculate the price of your policy is where you choose to live. Areas with more people or higher crime rates like Hilo, Pearl City, and Waianae tend to pay more, whereas areas with lower vehicle theft rates and fewer weather claims enjoy lower car insurance rates.

The table below displays the most expensive cities in Hawaii for 18 year olds to purchase a policy in.

Premium amounts are approximated as specific Hawaii zip code can revise rates substantially.

Comparing rates for low-priced auto insurance is easier said than done, and finding out which companies quote the cheapest auto insurance rates for 18 year olds involves additional perseverance. Policy prices will probably be much more than the state average, with the extra cost attributed to the posibility of more claims associated with offering coverage for teen drivers, but economical insurance should be available with some perseverence. Each auto insurance company has a proprietary method for filing rates in each state, so let’s take a look at the auto insurance companies that tend to be cheaper in Hawaii.

Best Insurance Companies for Teens

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USAA offers some of the cheapest car insurance rates in Hawaii at around $936 annually. State Farm, GEICO, Liberty Mutual, and Progressive are also some of the cheaper Hawaii auto insurance companies.

In this example, if you are currently insured with Progressive and switched to State Farm, you may realize an annual premium reduction of upwards of $504. Drivers with Allstate may save as much as $786 a year, and First of Hawaii policyholders might lower prices by $886 a year.

Understand that those prices are averaged for all drivers and vehicles and and are not figured with a rate surcharge for 18 year olds. So the auto insurance company that has the cheapest rates for you may not even be featured in the above rate chart. That helps illustrate why you need to get car insurance quotes using your own driver data and vehicle information.

The vehicle you are trying to insure is a significant factor that determines whether or not you can buy cheap auto insurance for 18 year olds in Hawaii. Vehicles with higher performance, a lack of modern safety features, or an increased likelihood of liability claims will cost much more to insure than safer, lower-performance models.

The information below ranks insurance premiums for a selection of the cheaper automobiles to buy insurance for.

Above prices assume single male driver age 18, no speeding tickets, no at-fault accidents, $500 deductibles, and Hawaii minimum liability limits. Discounts applied include claim-free, and safe-driver. Price estimates do not factor in vehicle location which can decrease or increase prices greatly.

Based upon the table data, we can infer that vehicles like the Honda CR-V, Ford Escape, Chevrolet Traverse, Subaru Forester, and Toyota Prius are going to be the more affordable vehicles to insure for teen drivers. Car insurance rates will be higher anyway just due to the fact that there is more exposure for 18 year olds, but generally speaking those specific models will tend to have the least expensive rates that you are likely to find.

Discounts on cheap auto insurance for 18 year olds in Hawaii

Auto insurance companies that offer coverage for 18 year olds could also offer rate discounts that could reduce prices by as much as 35% or more if you are eligible for them. The best auto insurance companies and some of the premium reductions they offer are:

The illustration below shows the comparison of annual premium costs with and without discounts applied. The premiums assume a male driver, no tickets, no at-fault accidents, Hawaii state minimum liability limits, full physical damage coverage, and $1,000 deductibles.

The first bar for each age group shows premium with no discounts. The lower bar shows the rates with paperless filing, passive restraint, vehicle safety, paid-in-full, continuous coverage, and good student discounts applied. When these discounts are applied, the average amount saved each year on auto insurance for 18 year olds is 33% or $952.

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Full coverage rates compared to liability only

Finding cheap auto insurance for 18 year olds in Hawaii is the goal of the majority of vehicle owners, and one of the best ways to buy cheaper insurance is to only pay for liability coverage. The chart below shows the comparison of yearly insurance costs with full coverage compared to only the Hawaii minimum liability coverage. The premiums are based on no accidents, no driving violations, $250 deductibles, drivers are not married, and no discounts are factored in.

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Averaged out for all age groups, physical damage coverage on your policy costs $1,396 per year more than just buying liability only. That may make you wonder if paying for full coverage is a waste of money. There isn’t a written rule of when to eliminate physical damage coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

For example, let’s say your vehicle’s book value is $9,500 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $8,500 after the policy deductible has been paid. If premiums are more than $850 a year for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.