Hawaii Auto Insurance Requirements
Drivers in Hawaii are required to be covered by a current auto insurance policy. Minimum auto insurance coverage requirements in Hawaii are mandated by state law and the Department of Commerce, Insurance Division. The following minimum coverage is required on every registered vehicle, except as noted below:
(Source: Hawaii Department of Commerce, Insurance Division)
Driving without the mandatory liability insurance in Hawaii can result in heavy fines of at least $500 (for a first offense), a driver’s license and registration suspension for up to three months and reinstatement fees. Subsequent offenses within five years are severely penalized.
Factors Influencing Car Insurance Premiums in Hawaii
Finding cheap car insurance in Hawaii takes some legwork and research, but it helps that Hawaii ranks below the national average for car insurance costs. While many factors go into underwriting auto insurance, Hawaii insurance consumers enjoy market conditions that positively impact car insurance quotes and rates:
• Hawaii insurance rates are not influences tremendously by urban –vs- rural factors due to the size and location of the state (and outer islands)
• Vehicle repair costs are generally more expensive in Hawaii than elsewhere due to the remote location of the state
• Overall accident rates are lower than national averages
• Auto insurance fraud is below the national average
• Vehicle theft rates are below national averages
The average auto insurance premium for residents in Hawaii is $1,707 in 2011; the national average is $1,790.
Tips for Obtaining Cheap Car Insurance in Hawaii
• Defensive driving courses for those over 55 years of age may provide premium discounts
• Maintain a good driving record
• College graduates receive discounts
• Bind multiple policies (homeowners, life, auto) with the same provider
• Maintain a good credit score
• Create a personal “emergency fund” of up to $1500 and increase deductibles accordingly
• Discuss affinity discounts with your insurance provider
• Drop comprehensive and collision insurance on older vehicles
Hawaii Statistics
• Auto Theft: Hawaii’s auto theft rate is above the national average, but this rate has been decreasing somewhat in the past few years. This can be attributed primarily to anti-theft devices being standard on recent model cars, as well as public awareness of the issue.
(Source: Auto Thiefs)
• Automobile Accidents: The total vehicle miles traveled in Hawaii have remained fairly constant in recent years, as have accident fatality rates. 2009 saw a slight increase in the number of deaths in Hawaii motor vehicle accidents.
(Source: National Highway Traffic Safety Administration)
Enter your Zip Code below to find Cheap Car Insurance in Hawaii.