Best Cheap Auto Insurance for High School Students in Hawaii

For teenagers, one of the big things that help determine the annual cost of car insurance is where you call home in Hawaii. Cities with more crime and/or more people like Hilo, Waipahu, and Kaneohe will most likely pay more, whereas areas with less congestion benefit from lower rates.

The next table ranks the highest-priced places in Hawaii for high school students to buy an auto insurance policy in.

Premium amounts are approximated as the garaging address in Hawaii can influence rates greatly.

Figuring out which companies offer the lowest-priced auto insurance rates for high school students calls for more time in order to find coverage that fits your buget.

Each insurance company uses a different method for determining rates in each state, so to begin we’ll rank the auto insurance companies with the overall best prices in Hawaii. It’s a good idea to be aware that Hawaii auto insurance rates are impacted by many things which can significantly increase or decrease the cost of coverage. Improving your credit rating, adding a teenager to your policy, or having an accident may generate price changes that can make some companies more affordable than competitors.

Find Cheaper Car Insurance for Students

Compare Rates Today

USAA may offer some of the cheapest car insurance rates in Hawaii at around $964 each year. State Farm, GEICO, Liberty Mutual, and Progressive also make the cut as some of the best Hawaii auto insurance companies.

As shown in the table above, if you buy coverage from Liberty Mutual and switched to State Farm, you may see a yearly savings of approxmiately $297. Policyholders with Progressive might save as much as $515 a year, and First of Hawaii insureds might realize rate reductions of up to $838 a year.

Bear in mind that those rates are averaged for all drivers and vehicles in Hawaii and do not factor in a rate increase for high school students. So the car insurance company that fits you best may not even be in the company chart above. That’s why you need to quote rates from as many companies as possible using your own driver data and vehicle information.

Cost of full coverage

Finding the best cheap car insurance for high school students in Hawaii is the goal of the majority of drivers, and one of the fastest ways to lower the cost of insurance is to buy liability only. The information below compares insurance prices with liability coverage only compared to full coverage. The data assumes a clean driving record, no claims, $1,000 deductibles, single marital status, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $1,000 Deductibles’, ‘Liability Only’],[‘Age 20’, 1889,807],[‘Age 30’, 1003,447],[‘Age 40’, 973,415],[‘Age 50’, 895,389],[‘Age 60’, 869,383],[‘Age 70’, 1077,509]]);var options = {title: ‘Full Coverage and Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Hawaii’,minValue: 0,format: ‘$###,###’},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 we average all the age groups together, physical damage coverage costs $1,118 per year more than just buying liability insurance. At some point, about every driver wonders if buying full coverage is worth the expense. There is no set rule of when to phase out full coverage on your policy, but there is a general guideline. If the annual cost of 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 $6,500 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $5,500 after paying your deductible. If you are paying over $550 annually for your policy with full coverage, then it might be time to buy liability only.

Get discounts on Hawaii car insurance

<img class="shadow floatright" src="http://www.quoteclickinsure.com/blog/wp-content/uploads/car-insurance-high-school-students-hi.jpg" alt="Cheaper Hawaii auto insurance for teenagers” />Insurance providers that sell the best cheap car insurance for high school students in Hawaii may have rate discounts that may potentially lower prices by 25% or more if you are eligible for them. A list of auto insurance companies and a summarized list of policyholder discounts are included below.

• GEICO policyholders can earn discounts including good student, air bags, multi-policy, five-year accident-free, and military active duty.
• Travelers may offer discounts for hybrid/electric vehicle, save driver, good student, student away at school, early quote, and payment discounts.
• Farm Bureau has savings for safe driver, driver training, good student, 55 and retired, youthful driver, multi-policy, and multi-vehicle.
• Liberty Mutual offers premium reductions for safety features, exclusive group savings, new move discount, multi-car, new vehicle discount, new graduate, and good student.
• American Family has discounts for accident-free, early bird, Steer into Savings, multi-vehicle, and good driver.
• Progressive may include discounts for good student, homeowner, multi-policy, online quote discount, online signing, and continuous coverage.

The illustration below visualizes the comparison of auto insurance rates with and without discounts applied to the policy premium. The premiums assume a male driver, no tickets, no at-fault accidents, Hawaii state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with paperless filing, good student, passive restraint, vehicle safety, continuous coverage, and anti-theft discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on auto insurance for high school students is 28% or $413.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 16’, 3225,2303],[‘Age 30’, 1003,729],[‘Age 40’, 973,707],[‘Age 50’, 895,649],[‘Age 60’, 869,627]]);var options = {title: ‘Comparison of Insurance Rates for High School Students’,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(‘qcibdisc’));chart.draw(data, options);}

Company comparison: Allstate vs State Farm vs Progressive vs Geico

When comparing auto insurance for teenagers, the companies that insure more vehicles than anyone else are Allstate, State Farm, Progressive, and Geico. If you add them together, they insure about 50% of all policies written in the United States. The next table compares ratings and policy coverage options that are available from each company.