The last period for which reliable data regarding annual auto insurance premiums in Hawaii is available is 2010. In that year, premiums, which averaged $1,119, were significantly below the national average of $1,538.

Annual Changes

Premiums in Hawaii dropped 17% between 2009 and 2010, following the nationwide trend toward lower auto insurance rates. As the state of Hawaii does not in any way fix or otherwise determine insurance rates, auto insurers set their own rates using their own formulas. It is not possible to predict whether rates will rise or fall in the near future, so that checking this site for trends as well as using it to obtain multiple quotes is highly recommended in order to find the best possible insurance rates.

Seasonal Changes

In 2010, rates for auto insurance in Hawaii fluctuated quite often, with peaks occurring in April, May and September. While the price at the end of 2010 was basically the same as that in the beginning of the year, it is not possible to predict any seasonal patterns for future years. What is clear is that the rates in Hawaii are subject to rapid change, so that drivers are advised to monitor rates and obtain quotes in order to get the best rates.

Insurance Requirements

Hawaii is a no-fault state where insurance regulations require property damage insurance and personal injury protection coverage as well as bodily injury liability cover. The mandatory minimum level of coverage for property damage and no-fault injury insurance is $10,000 whereas $20,000 per person and $40,000 per accident bodily injury cover is mandatory in Hawaii. The additional mandatory bodily liability insurance provides coverage when standard no-fault limits are reached or in the case of a permitted lawsuit that results in a judgment against the covered driver. Uninsured and underinsured motorist coverage is available in Hawaii and is highly recommended.

Advice for Getting the Best Deals

In Hawaii, several firms, both national and local, offer auto insurance coverage. Each insurer has its own criteria for determining the rates that apply to particular drivers and cars; therefore, it is not possible to determine which firm or type of firm offers the best rates. Obtaining multiple quotes from reliable insurance companies that are rated A or higher by A. M. Best is highly recommended, and the J. D. Power consumer satisfaction ratings for each company should also be considered.

Using this site to monitor prices and to obtain periodic multiple quotes from competing insurers enables drivers in Hawaii to make sure they are getting the best possible rates.