Honolulu ,HI Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Honolulu, HI homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Honolulu, HI is $624. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Honolulu, HI. VHome Insurance will help you navigate the world of homeowners insurance coverages in Honolulu, HI.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $250 |
| $200,000 | $424 |
| $300,000 | $524 |
| $400,000 | $799 |
| $500,000 | $1,005 |
Home insurance costs in Honolulu can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 096821 | $624 |
| 96816 | $610 |
| 96825 | $602 |
| 96822 | $593 |
| 96819 | $594 |
| 96817 | $595 |
| 96813 | $585 |
| 96818 | $576 |
| 96814 | $578 |
| 96815 | $572 |
| 96826 | $563 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Honolulu, HI, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $640 |
| $1000 Deductible | $572 |
| $1500 Deductible | $540 |
| $2500 Deductible | $487 |
| $5000 Deductible | $412 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Kekaha-Waimea CCD, Kauai County, Hawaii | $116 | $154 | $231 |
| Kauai County, Hawaii | $117 | $156 | $234 |
| Kekaha CDP, Hawaii | $116 | $155 | $232 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Honolulu, HI | 3.3% | 13.9% |
| Kekaha-Waimea | 3.87% | 21.38% |
| Kauai County | 3.51% | 17.07% |
| Kekaha | 3.97% | 22.77% |
| Honolulu Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 1,074 | 1.0% | $337 |
| $200 to $299 | 1,646 | 2.0% | $787 |
| $300 to $499 | 2,697 | 3.0% | $1237 |
| $500 to $749 | 5,535 | 7.0% | $1912 |
| $750 to $999 | 10,723 | 15.0% | $2662 |
| $1,000 to $1,499 | 24,459 | 34.0% | $3787 |
| $1,500 or more | 24,808 | 34.0% | $5437 |
| Streets in Honolulu Area | Homeowners Insurance Cost |
|---|---|
| Kaimanahila St, Kahaloa Dr, Kiwila St, Funston Rd, Kawaihae Pl, Kahaha St, Kualono St, Matsonia Dr, Elm St, Gulick Ave | $945 |
| Hoopii Pl, Onini Pl, Halehoola Pl, Lelehune Pl, N Kuakini St, Kiele Pl, Iholena Pl, Kolopua St, Makalika Ct, Hokulani St | $None |
| Casey St, Kiionioni Loop, Kopke St, Alahee St, Gordon St, Hoahana Pl, Fort St, Manaiki Pl, Kaamalio Dr, Colburn St | $889 |
| Mokuhano Pl, Pahukui St, 11th Ave, Emerson St, Panini Loop, Maluhia Rd, Bishop Cir, Kawaiahao St, Kaikunane Loop, Ahua St | $962 |
| Kumulani St, Lounsbury St, Moanawai Pl, Barron Ln, Monterey Pl, Gardenia St, Keikilani Cir, Moanalualani Pl, Holua Way, Bishop St | $1,009 |
| Napoko Pl, 16th Ave, Nahoku Pl, Chaplain Ln, Kaliawa St, Manamana Pl, Hunter St, Flarety Cir, E Manoa Rd, Hoe St | $1,001 |
| Crater Rd, Miloiki Pl, N Kukui St, Halenoho Pl, Anderson Cir, Dement St, Ala Ulike Pl, Koko Uka Pl, Davenport St, Moreell Cir | $926 |
| Puuhale Pl, Frog Ln, Papali Pl, Yvonne Pl, E Manoa Rd, Woodlawn Dr, Niepers Ln, Huanu St, Paul Ln, Whiting St | $951 |
| Kuwili St, Kamuela Pl, Waiohinu Dr, Coyne St, Namur Rd, Nu Pl, Kona St, Palekaua St, Kepuhi St, Rice St | $None |
| Morris Ln, Palolo Ave, Loomis St, Ahiahi St, South St, Ala Opeha Pl, Ohua Ave, Kauhana St, Malu Pl, Aleo Pl | $945 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Honolulu | $142 to $145 |
| Kekaha-Waimea | $138 |
| Kauai County | $140 |
| Kekaha | $139 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,300 | $3,300 |
| Yearly Honolulu Homeowner Insurance Premium Example | $1,700 | $1,200 |
| Out of Pocket Expense During Claim | $1,300 | $3,300 |
| Total Home Insurance Premium for 6 years + Out of Pocket Expense for Claim | $11,500 | $10,500 |
| Net Savings to Honolulu Home Owner from High Deductible Plan | $1,000 | |
| Scenario | Honolulu, HI Home Replacement Value MORE than Home Value | Honolulu, HI Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $1,119,000 | $653,000 |
| Insurance Premium based on Replacement Value | $3,350 | $1,950 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $279,500 | Risk Exposure from Under Insuring Coverage is $186,500 |
| Premium Impact | Insurance cheaper by $550/year | Insurance costlier by $850/year |
| Insurance Company | State Farm | Allstate | Liberty Mutual |
| Monthly Premium | 140 | 46 | 98 |
| Year Built | 1992 | 1975 | 1989 |
| Home Details | 3 Beds, 2 Baths | 2 Beds, 1 Baths | 4 Beds, 1 Baths |
| Coverage Amount | $600000-$700000 | $200000-$250000 | $500000-$600000 |
| Deductible | $500 Deductible | $500 Deductible | $2500-$5000 Deductible |