How Much Is Car Insurance in Hawaii? (2024) (2024)

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How Much Is Car Insurance in Hawaii? (2024)? ›

According to a report from Bankrate, average premiums for full coverage auto insurance hit $2,543 in 2024, a 26% increase from 2023. Unsurprisingly, drivers across the U.S. are looking for ways to save. Nearly half (49%) of auto insurance customers are actively shopping for a new plan, according to J.D. Power.

According to a report from Bankrate, average premiums for full coverage auto insurance hit $2,543 in 2024, a 26% increase from 2023. Unsurprisingly, drivers across the U.S. are looking for ways to save. Nearly half (49%) of auto insurance customers are actively shopping for a new plan, according to J.D. Power.

How much is car insurance in Hawaii per month? The average car insurance rate in Hawaii is $152 per month or $1,819 per year for full coverage. For minimum liability coverage, drivers in the Aloha State pay an average of $52 per month or $625 per year.

Here are the minimum Hawaii auto insurance coverage requirements for the legal operation of an automobile in the state: Bodily injury liability coverage: $20,000 per person and $40,000 per accident. Basic personal injury protection: $10,000. Property damage liability coverage: $10,000.

Louisiana is the most expensive state for car insurance with average auto insurance premium of $2,883 annually. Maine's average insurance premium for full coverage is $1,175 annually, making this the cheapest state for car insurance in 2024.

Young drivers ages 16 to 24 tend to have the most expensive car insurance. Drivers in this age group are often inexperienced and are more likely to get into car accidents and file insurance claims. As a result, car insurance companies often charge higher premiums to young drivers.

The rise in insurance costs is in addition to historically high prices for new and used vehicles since the coronavirus pandemic, as well as rising costs to repair vehicles.

And GEICO is known for helping make life even sunnier by providing quality protection for Hawaiians' cars, motorcycles, and more–all at an affordable rate.

People caught driving without insurance in Hawaii face significant penalties. Sanctions include fines of up to $5,000, community service of up to 275 hours, license suspension for up to one year, vehicle impoundment and even jail time of up to 30 days.

What is full coverage insurance in Hawaii? ›

Full coverage insurance in Hawaii is usually defined as a policy that provides more than the state's minimum liability coverage, which is $20,000 in bodily injury coverage per person, up to $40,000 per accident, and $10,000 in property damage coverage.

Hawaii is a considered a “no-fault state”, which means your motor vehicle insurance company will pay the bills for your injuries and your passengers' injuries up to the personal injury protection benefits (“PIP”) limit. And you cannot sue or be sued unless there are serious injuries.

Car insurance usually follows the car in Hawaii. The types of car insurance that follow the car in Hawaii are collision, comprehensive, and property damage liability. You're required to carry property damage liability and personal injury protection in Hawaii. PIP follows the driver, unlike liability coverage.

Credit history: Insurance providers view drivers with low credit scores as higher risks, so they often pay higher insurance premiums in most states. Gender: The average car insurance cost for men is generally higher in most states because men tend to get into more car accidents than women.

In most states, car insurance companies are allowed to use credit scores during the underwriting process to determine a consumer's eligibility for coverage and to set policy rates. However, only four states—California, Hawaii, Maryland and Massachusetts—prohibit the use of any credit information.

The firm's Home Insurance Projection Report foresees a 6% rise in annual premiums in 2024.

The standard monthly premium for Medicare Part B enrollees will be $174.70 for 2024, an increase of $9.80 from $164.90 in 2023.

Premium Adjustment Percentage for 2024

Using this formula, the premium adjustment percentage for the 2024 benefit year is 1.4899877401 ($7,292/$4,894), which represents an increase in ESI premiums of approximately 48.9 percent over the period from 2013 to 2023.

This stage ends when the amount spent by you and your plan on your covered drugs adds up to equal the initial coverage limit set by Medicare for that year. In 2024 that limit is $5,030. Your monthly premium payments do not count toward reaching that limit.