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The five insurance providers that we looked to find the best homeowner insurance in Hawaii included two major players in the industry (Allstate and State Farm) as well as several regional carriers. All our choices, large or small, do a good job of providing reasonably-priced, comprehensive homeowner insurance in the island-state, and were evaluated for financial stability, customer service, and breadth of coverage. That information, coupled with some well-chosen quotes, should enable you to pick the company that is best suited for you.
The Five Best Homeowners Insurance Companies in Hawaii
- Allstate – Best for New Homebuyers
- State Farm – Best Web Experience
- First Insurance Company of Hawaii – Best for Local Agents
- Hawaiian Insurance and Guaranty Company – Best for Discounts
- Universal North American Insurance – Best for Customer Service
Compare Hawaii’s Best Insurance Companies
| Reviews.com Score | Average Price | AM Best Financial Strength | J.D. Power Overall Customer Satisfaction | |
| Allstate | 4 | $250 | A+ | 829/1,000 |
| State Farm | 3.75 | $369 | A++ | 829/1,000 |
| First Insurance Co. of Hawaii | N/A | $274 | A+ | N/A |
| Hawaiian Insurance & Guaranty Co. | N/A | $442 | B | N/A |
| Universal North American Insurance Co. | N/A | $250 | A- | N/A |
Allstate
Allstate’s strength is in the diversity of its offerings and discounts, which allow you to pick and choose the coverage that works best for your circumstances. It has a great website, with tons of useful information.
Best for New Homebuyers
Why we chose it
Why we chose it
Pros
- Diverse discount opportunities
- Informative website and digital tools
- Above average customer service
Cons
- NAIC complaint ratio index high
Discounts available
- Early signing discount
- Homebuyer discount
- Hail resistant roof discount
Unique features
Allstate’s discount list is longer than most national insurers. You could save up to 10% on your premiums if you sign up for your new policy at least 7 days before the current one expires.
*J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale
Further Reading on Allstate:
State Farm
Best Web Experience
Why we chose it
Why we chose it
Pros
- Financially stable
- Detailed quote tool
- Informative website
Cons
- Few discounts
- Higher premiums
Discount available
- Multi-policy
- Fire,smoke, or burglar alarms discount
- Impact-resistant roof discount
Unique features
State Farm’s comprehensive website makes it easy to get a detailed quote in minutes. You can also pay your bill, file and manage a claim, and handle most maintenance tasks either online or via the company’s app.
Further Reading on State Farm:
First Insurance of Hawaii
First Insurance of Hawaii has been noted as one of the best local providers of homeowners insurance for Hawaii residents thanks to its long history, local agencies, competitive rates, and a few generous discounts.
Best for Local Agents
Why we chose it
Why we chose it
Pros
- Solid financial backing
- Low premium rates
- Good customer service
Cons
- Few additional coverage options
- Few discounts
Discount available
- Multi-policy
- Renew-policy discount
- 40% claim free discount
Unique features
The personality of a small company, with the features of a larger one. Plus, a 40% discount if you can remain claim-free for multiple consecutive years.
Hawaiian Insurance and Guaranty Company
Hawaiian insurance and Guaranty Company has been serving residents of the Aloha state for over 100 years. While its website can certainly use an update, its strong local roots and extensive discount list has made it a favorite for Hawaiian residents for decades.
Best for Discounts
Why we chose it
Why we chose it
Pros
- Extensive discount list
- Experience in Hawaii
Cons
- Can be pricey
- Older website
- Low financial strength rating
Discounts available
- Multi-policy
- Security systems discount
- Loss free discount
- Newly purchased home discount
- Superior construction discount
- Union member discount
Unique features
This insurance provider boasts a large number of discounts that most homeowners won’t have any trouble getting. It also has a local touch that helps improve its customer service experience.
Universal North American Insurance Co.
Though the Universal North American Insurance Company is smaller than others, it does have some solid financial stability giving it a good “A-“ AM Best rating. The company also can tout some highly competitive homeowners insurance premiums, as well as a good customer service team.
Best for Customer Service
Why we chose it
Why we chose it
Pros
- 24/7 customer service
- Online claim tool
- Low premiums
Cons
- Hard to use website
- Few discounts
Discounts available
Paperless billing discount
Unique features
24/7 customer service is available for all policy holders. The company also has some incredibly low premiums that meet or beat the competition.
Average Cost of Homeowners Insurance in Hawaii
Residents of Hawaii can expect to pay around $1,102 per year for homeowners insurance which is slightly lower than the NAIC national average of $1,211. However, many homeowners pay much less, around $300.
This is because home valuation greatly determines the cost of homeowners insurance. Since Hawaii has limited space and is filled with prime properties, the state-wide average increases.
Home insurance add-ons that will further protect you
Due to being an island state that does get tropical storms and hurricanes, Hawaii homeowners should certainly look at acquiring flood insurance. Many homeowners insurance companies allow you to do this directly through them. If yours doesn’t then you need to go to the National Flood Insurance Program instead.
According to the U.S. Geological Survey, Hawaii experiences thousands of earthquakes every year. Most homeowners insurance policies don’t include earthquake coverage in their basic policies, which means that you may have to pay extra to get this added protection. Most of the seismic activity is imperceptible and is caused by magma movement from volcanoes. But the earthquake record for the state shows an average of one magnitude 6 or greater earthquake every 10 years, so you might want to get this coverage added to your policy.
The Cheapest Homeowner Insurance Companies in Hawaii
| Largest Companies by Market Share in Hawaii | Average Annual Premium |
| Allstate | $250.00 |
| Universal North Amer Ins Co | $250.00 |
| First Insurance Co of Hawaii | $274.00 |
| State Farm | $369.00 |
| Hawaiian Ins & Guar Co Ltd | $442.00 |
Cost of Homeowners Insurance by Age of Home
| Age of Home (years) | Sample Annual Premium |
| 0-10 | $326 |
| 10-25 | $419 |
| 25-50 | $423 |
| 50+ | $423 |
| Average | $398 |
Top 3 Cheapest Homeowners Insurance Companies in Hawaii
- Allstate- $250
- Universal North American Insurance – $250
- First Insurance Company of Hawaii– $274
Top 2 Most Expensive Homeowners Insurance Companies in Hawaii
- State Farm – $369
- Hawaiian Insurance & Guaranty Company – $442
Resources Helpful for Hawaii Homeowners
Different local communities in Hawaii offer home repair and improvement programs such as the Honolulu city and county. Residents should take advantage of these opportunities to protect their homes for the future.For those first time buyers looking to acquire a home, there’s the Hula Mae Mortgage Loan Program that can help individuals or families acquire a 30-year mortgage at extremely low rates.
Homeowners Insurance FAQ
Methodology
We evaluated the companies based on their customer rating and experience, financial stability, and coverage to determine the best providers. To compare home insurance companies across the board, we then calculated a Reviews.com score based on the following:
- Customer Ratings — Customer ratings are an indication of satisfaction with the process of filing a claim. We measured this using J.D. Power Homeowners Satisfaction ratings.
- Coverage — As there isn’t one company to fit everyone’s needs, we evaluated companies by the amount of coverage options and add-ons available.
- Confidence — It is extremely important for insurance companies to fulfill customers’ claims. Companies with sound financial strength will not have issues paying out claims, regardless of the amount. However, companies with weak financial strength might not be able to pay out claims. We measured this using AM Best’s ratings, which specializes in assessing the financial strength of insurance companies.
- Customer Experience — The amount of complaints a company receives is an indicator of the overall customer experience as it expresses dissatisfaction. We have based this measure on the NAIC National Complaint Index.
About the Authors
The Reviews.com staff is dedicated to providing you with all the deep-dive details. Our writers, researchers, and editors came together from Charlotte, Seattle, San Juan, Fort Worth, Fort Lauderdale, San Diego, and Chicago to put this review together.
