{"id":2974,"date":"2023-10-28T14:00:00","date_gmt":"2023-10-28T14:00:00","guid":{"rendered":"https:\/\/businessyield.com\/ins\/?p=2974"},"modified":"2023-10-27T23:08:13","modified_gmt":"2023-10-27T23:08:13","slug":"car-insurance-in-hawaii-coverage-cost-best-options","status":"publish","type":"post","link":"https:\/\/businessyield.com\/ins\/car-insurance\/car-insurance-in-hawaii-coverage-cost-best-options\/","title":{"rendered":"Car Insurance in Hawaii: Coverage, Cost & Best Options"},"content":{"rendered":"

Auto insurance is an important purchase, but finding cheap car insurance in Hawaii isn\u2019t always easy. The best way to find cheap car insurance is to compare rates from multiple insurers.<\/p>

Minimum coverage in Hawaii is $492 per year on average, but you can likely get a cheaper policy. For example, Geico offers the cheapest rates in Hawaii at $318 per year, on average, for minimum coverage of car insurance for a 35-year-old driver with a clean driving record.<\/p>

The cheapest car insurance company in Hawaii is State Farm at $1,022 per year on average, or $85 per month. Meanwhile, the average cost of full coverage car insurance in Hawaii is $1,631 per year, or about $136 per month.<\/p>

How an Insurance Premium works<\/strong><\/span><\/h2>

An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto, home, and life insurance. Once earned, the premium is income for the insurance company. It also represents a liability, as the insurer must provide coverage for claims being made against the policy.<\/p>

Failure to pay the premium on the individual or the business may result in the cancellation of the policy.<\/p>

When you sign up for an insurance policy, your insurer will charge you a premium. This is the amount you pay for the policy. Policyholders may choose from several options for paying their insurance premiums. Some insurers allow the policyholder to pay the insurance premium in installments\u2014monthly or semi-annually\u2014while others may require an upfront payment in full before any coverage starts.<\/p>

The price of the premium depends on a variety of factors, including:<\/p>