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The Best Cheap Hawaii Homeowners Insurance for 2023

Dana George
By: Dana George

Our Insurance Expert

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.

If you're fortunate enough to live in the beautiful state of Hawaii, you probably have dozens of things you'd rather do than shop for homeowners insurance. Still, the right homeowners insurance policy can enhance your experience of owning a home by protecting one of your most valuable assets. Here, we help you locate the best homeowners insurance in Hawaii and outline key factors to look for in choosing a Hawaii home insurance policy.

  • Cheapest overall for Hawaii: Dongbu Insurance
  • Cheapest for new home construction: Allstate
  • Cheapest for older homes: Dongbu Insurance
  • Cheapest for homeowners who have filed a claim: Dongbu Insurance

Cheapest overall for Hawaii

With shockingly low rates, these companies offer cheap homeowners insurance in Hawaii:

  • Dongbu Insurance, with an average annual rate of $263
  • United Insurance Holdings, coming in with an average rate of $265
  • Allstate, with an average annual rate of $288

Cheapest for new home construction

The excitement of moving into a new home is made even sweeter by learning that homeowners insurance will cost less than for an older home. That's because insurance companies are less concerned about claims on a house with all-new components. The savings are passed on to the homeowner through lower insurance premiums. Here are the three cheapest Hawaii home insurance providers for newly built homes:

  • Allstate, offering an average annual rate of $163
  • United Insurance Holdings, with an average annual rate of $181
  • Island Insurance, with an average annual rate of $188

Cheapest for older homes

Hawaii is a state rich in history, a history reflected in the character of its older homes. The only fly in the ointment when it comes to an older home is how many things can go wrong. For example, an older home is more likely to have issues with things like wood rot, leaks, and mold. For that reason, insurers tend to charge more for homeowners insurance. These three companies have kept their rates low, older home or not:

  • Dongbu Insurance, with an average annual rate of $200
  • United Insurance Holdings, offering an average annual rate of $246
  • Universal Insurance, with an average annual rate of $251

Cheapest when you've made a claim

When disaster strikes and a home is damaged or destroyed, there's nothing like knowing there's enough insurance to set things right. Still, following a claim, a homeowner can expect premiums to go up for a while. For a Hawaii homeowner who has made a claim, these three insurers offer the most forgiving rates:

  • Dongbu Insurance, offering a rate of $238
  • United Insurance Holdings, coming in with an average annual rate of $246
  • Universal Insurance, offering an average annual rate of $250

Average home insurance cost in Hawaii compared to the national average

The average cost of homeowners insurance in Hawaii is $392, about 77% lower than the national average of $1,725.

Average Rate Category Hawaii National Average
Overall $392 $1,725
New home construction $250 $943
Older homes $346 $1,658
When making a claim $352 $1,803
Data source: Quadrant data.

Hawaii homeowners insurance overview

The best homeowners insurance in Hawaii offers comprehensive coverage at an affordable price.

Different types of homeowners coverage

When it comes to homeowners insurance, there are eight types of policy, referred to as HO-1 through HO-8. Six are meant for traditional homes (non-mobile). Coverage ranges from basic to comprehensive, with all the bells and whistles. The best homeowners insurance companies offer them all.

Level of coverage

As a homeowner shops for coverage, it's important to look at more than price. Cost is important, but a bare-bones policy that doesn't cover much following a disaster can add to the stress of making repairs. Ideally, a homeowner will shop for the most comprehensive coverage at the lowest cost. A policy with the appropriate level of coverage can save a homeowner from having to spend funds out of pocket.

Amount of deductible

A deductible is the amount of money a homeowner must pay toward a claim. Let's say a roof is damaged in a windstorm. The total cost to replace the roof is $17,000, with a $1,000 deductible on the policy. The homeowner pays the contractors $1,000, and the insurance company covers the remaining $16,000.

Potential discounts

One of the best ways to snag cheap homeowners insurance in Hawaii is to check out insurer discounts. Nearly all insurance companies offer home insurance discounts of some kind. They range from policy bundling, to alarm system discounts, to non-smoker discounts. Before deciding which policy is best, it's important to know how much each policy costs after discounts.

What are the most common homeowners insurance claims in Hawaii?

To ensure proper coverage, it helps to know the most common Hawaii home insurance claims.

Water damage

According to the National Weather Service, there's a propensity for heavy downpours during Hawaii's wet season. If there's damage to a roof and water gets into the house during a rainstorm, standard homeowner's insurance should cover that loss (the same is true for a leaky appliance or a broken pipe). But to protect a home against flooding, a homeowner must purchase additional coverage.

Wind damage

Wind damage is another common Hawaii claim. Blowing objects, falling trees, and heavy winds can all do damage to the roof and exterior of a home.

Fire and lightning

Hawaii is not alone when it comes to fire and lightning. According to the Insurance Information Institute, fire and lightning damage accounted for 25% of all homeowners insurance claims in 2019. Fire is not the top claim in the state, but it is one of the most expensive claims insurance companies deal with.

Homeowners insurance coverage options and discounts in Hawaii

Here's a quick rundown of coverage and discount options available to those looking for the best homeowners insurance in Hawaii.

Coverage options

As mentioned, Hawaii homeowners have their choice of policy types and levels of coverage. Here's how the eight types of homeowners insurance break down:

  • One type covers renters.
  • Another covers only mobile homes.
  • The other six range from basic coverage to more extensive protection for traditional homes.

A homeowner may want coverage for upgraded features like custom flooring or a theater room. A comprehensive insurance policy may also protect against loss of things like fine artwork, precious coins, and jewelry.

Discount options

Finding inexpensive homeowners insurance in Hawaii depends, in part, on claiming as many discounts as possible. Each insurance company offers its own set of discount options. Here's a sample of the most common:

  • Advance purchase
  • Alarm system
  • Smoke detectors
  • Fire extinguishers
  • Roof upgrade
  • New home
  • Non-smoker
  • Company loyalty
  • Homeowners association (HOA) membership
  • Home and auto bundle

5 cheapest cities in Hawaii for homeowners insurance

Insurance companies take many factors into account as they determine premiums. They include things like:

  • Crime rate in the area
  • Value of surrounding homes
  • Cost to rebuild in a particular area
  • How far a house is from a fire station

With that said, here are the five cheapest cities for Hawaii home insurance:

City Name Average Home Insurance Rate
Ewa Gentry $387
Hauula $387
Hickam Housing $387
Kaneohe $387
Kapolei $387
Data source: Quadrant data.

5 most expensive cities in Hawaii for homeowners insurance

Here are the five most expensive cities in The Aloha State for homeowners insurance:

City Name Average Home Insurance Rate
Puunene $405
Ookala $405
Ninole $405
Keauhou $405
Kealia $405
Data source: Quadrant data.

The best homeowners insurance in Hawaii provides the coverage a homeowner needs at a cost they can afford. The proper level of coverage not only provides adequate protection of a home, but can also help a homeowner rest easier and enjoy their home more.

Our Insurance Expert