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2019 Guide: Best Homeowners Insurance Companies in Hawaii

Hawaiian residents pay, on average, $1,014 for homeowners insurance. Know what discounts you are eligible for and shop around for different providers before choosing a plan. We strongly recommend looking for hurricane insurance in addition to typical homeowners insurance plans.
Hawaiian residents pay, on average, $1,014 for homeowners insurance. Know what discounts you are eligible for and shop around for different providers before choosing a plan. We strongly recommend looking for hurricane insurance in addition to typical homeowners insurance plans.

The checklist of things to consider when buying a house can feel as big as the house itself, but let’s just focus on homeowner’s insurance. Hawaii does not require residents to have homeowner’s insurance, but your lender might. Homeowners can get the most out of their island living with the reassurance that comes with coverage in the event of a disaster or accident in the home.

The average cost for homeowner’s insurance in Hawaii is $1,014. The coverage you need and the prices you pay may differ based on your location and your concerns. Check out this list of the top homeowner’s insurance companies in Hawaii to start your search for protection.

Top 5 Homeowners Insurance Providers in Hawaii

Allstate

Allstate is a great place to start when you look for homeowner’s insurance. Among the company’s online resources is a Common and Costly Claims tool. Hawaii homeowners can search for the top claims in their area - this should come in handy when you are searching for additional coverage later.

The online quote tool and home inventory tools can also help you instantly determine what coverage you need and how much it will cost. Homeowners insurance typically covers the possessions inside your home in addition to the home itself, so it is important to know what you can get after an accident or disaster.

State Farm

If you talk to your new neighbors about homeowner’s insurance, they will probably tell you to go with State Farm. The insurance giant covers over 30% of Hawaii homeowners. State Farm also has an A++ rating from A.M. Best and an 82/100 insurance rating from Consumer Reports - these numbers are pretty impressive.

State Farm also offers an online quote tool and an easy-to-use website with resources. They are certainly worth a look if you want to compare multiple homeowner’s insurance plans.

First Insurance Company of Hawaii

Hawaiians that prefer a locally-based insurance company should look into the First Insurance Company of Hawaii. This company is backed by the Tokio Marine Group, so you won’t have to worry about getting the coverage you need from a local provider.

First Insurance Company of Hawaii offers two big advantages over the first companies we mentioned: hurricane insurance and loss-free credit. Hurricane insurance is self-explanatory. Loss-free credit offers big discounts on your premium if you have not made a claim. This discount can reach up to 40% of your premium - these rates are typically unheard of and are double what you can get from larger insurance companies.

Heritage Insurance

Heritage Insurance is a great place to get additional hurricane insurance coverage. This coverage comes with specific terms, but if you meet those terms, you can save a lot with Heritage. Homeowners who have property within 300 feet of water can get coverage from the time a hurricane watch is announced until 72 hours after the warning is canceled.

Heritage covers over 14% of all homeowners with insurance in Hawaii and has an A+ financial strength rating from A.M. Best. If you need additional hurricane insurance or are shopping around for this type of plan, be sure to include Heritage in your search.

USAA

Last but not least, let’s look at USAA. This coverage is only available for military members and their families. If you qualify, it is worth putting USAA on your search. They offer affordable coverage and have a very high rating from J.D. Power (891/1000,) A.M. Best (A++,) and Consumer Reports (92/100.)

Additional Considerations Before You Commit to a Homeowners Insurance Carrier

Know the value of the items in your home before you shop for insurance. Some plans will cover the full value of your possessions while others only cover a certain amount based on the depreciated value of these possessions.

Before you begin shopping for homeowner’s insurance, also educate yourself of the risks where you are buying. First-time home buyers in Hawaii may not know whether or not they are in a lava zone. Lava zones come with different risks - and this may translate into different costs or different needs.

It is also important to look for different types of hazard insurance, including earthquake and hurricane insurance. We also recommend flood insurance, but this coverage is also separate from general homeowners’ insurance. Hawaii living comes with risks, but just think of your beach days while you shop for homeowner’s insurance.

"If you’re currently evaluating your options for homeowners insurance on your next property in Hawaii, a good first step is to connect with an experienced local real estate agent.

Agents can provide valuable guidance and advice on what kind of coverage you should be looking for, how much you’ll need given your property type and location, and make recommendations that can help you save on your monthly premium. They can also point you in the direction of quality insurance carriers and trustworthy local agencies or independent agents.

Fill out our online form to connect with a top-rated buyer's agent near you for a no-obligation, introductory call.

If you’re currently evaluating your options for homeowners insurance on your next property in Hawaii, a good first step is to connect with an experienced local real estate agent.

Agents can provide valuable guidance and advice on what kind of coverage you should be looking for, how much you’ll need given your property type and location, and make recommendations that can help you save on your monthly premium. They can also point you in the direction of quality insurance carriers and trustworthy local agencies or independent agents.

Fill out our online form to connect with a top-rated buyer's agent near you for a no-obligation, introductory call.

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Reuven Shechter

Reuven Shechter is the Outreach Coordinator at Clever Real Estate, the free online service that connects you with top real estate agents to help save on commission. He spreads the word about Clever, disseminating studies to journalists and developing relationships with media outlets. Reuven is passionate about investing in real estate and creating lasting success for families. His writing has been featured in Max Real Estate Exposure, Leverage Marketing, and more.

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