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Do you need auto insurance in Hilo? At AutoInsuranceEZ.com, you can find the very best insurance rates locally. To receive free car insurance quotes from the top providers today, input your zip code into the quote box on this page.

Hilo is a city which has a lot going for it. Both the public and private sector operate thriving business operations in Hilo, especially those connected to the shipping industry. While Hilo started out as a major sugar cane producer, its heavy rainfall and warm climate are encouraging the cultivation of other tropical crops. In recent years, the city has been attracting both retirees and college students thanks to great weather and the emergence of new schools.

  • Fun fact: Did you know that Hilo is #17 on the list of “Top 101 cities with the highest average yearly precipitation”? Learn more about Hilo.

Auto Insurance Coverage Requirements in Hawaii

Drivers in Hawaii must be insured with at least the following:

Coverage Requirements Most Common
Bodily Injury Liability 20,000/40,000 100,000/300,000
Property Damage Liability 10,000 50,000
Uninsured Motorist Bodily Injury Not required 20,000/40,000
Medical Payments Not required 2,000
Collision Not required 250 deductible
Comprehensive Not required 1,000 deductible

Just because Liability coverage is the bare minimum option doesn’t mean you shouldn’t look into a more comprehensive policy. Sure, you’ll save money from month to month, but if anything happens to your car that isn’t your fault, you’ll be footing the bill.

Most Hawaii drivers are paying around $114 per month for their automotive policy. But living in Hilo can net you some discounts, if you know how and where to look. Right now, you can get insured for as little as $66/mo*!

Average Monthly Auto Insurance Premiums Legend: Hilo Allstate State Farm Liberty Mutual 10 20 30 40 50 60 70 80 90 100 110 $44 $40 $114

 

It’s a little odd that there are such drastic price differences between Liberty Mutual and the competition, but there are several potential explanations for this. One company might have drastically different policies over the other, or one company might invest more in customer service and claims processing. Just remember that there’s more to insurance than who’s charging the cheapest rate.

Auto insurance providers consider several elements when figuring out insurance quotes, including geography, zip code, type of vehicle owned, years of driving experience, and business use of the vehicle. Additionally, premiums differ from provider to provider. To verify you’re still paying the most favorable rate, compare cheap Hawaii auto insurance quotes online.

Major Car Insurance Factors in Hilo

Insurance companies take several factors into account when creating an auto insurance policy. Unfortunately, a great number of elements are difficult or impossible to change, such as your gender or the make/model of your car. Other variables your car insurance company may consider include:

  • Your Zip Code

Your auto insurance rates may differ depending on where you call home. In general, highly populated cities have higher auto insurance rates because the extra amount of drivers on the road increases the likelihood of an accident! The population of Hilo is 43,263 and the median household income is $50,339.

Auto Insurance by Zip Code Legend: Honolulu Hilo Kailua Kaneohe Kapolei Allstate State Farm Liberty Mutual 10 20 30 40 50 60 70 80 90 100 110 120 $41 $44 $41 $41 $41 $42 $40 $42 $42 $42 $121 $114 $121 $121 $121

 

  • Automotive Accidents

In areas with high rates of serious accidents, your monthly premium may be higher to offset the extra risk of getting into an accident. Thankfully, Hilo accident statistics are fairly low, considering the population.

Fatal Accidents in Hilo, HI Legend: Hilo Fatal accident count Vehicles involved in fatal crashes Fatal crashes involving drunk persons Fatalities Persons involved in fatal crashes Pedestrians involved in fatal accidents 1 2 3 4 5 6 7 8 3 4 1 3 8 2

 

  • Auto Thefts in Hilo

Living in a large city (Especially one with a high crime rate) will increase your risk of being a victim of auto theft. If your general location has high rates of theft and claims, you can expect to pay more for auto insurance to offset these costs. Even if auto theft statistics for Hilo aren’t alarmingly high, installing an anti-theft device on your vehicle could save you hundreds of dollars per year! Or, if your car is at risk for theft, you might have to add Comprehensive coverage to your policy – which will significantly raise your rates.

Basic vs. Comprehensive Auto Policy Legend: Basic Coverage Comprehensive Coverage Allstate State Farm Liberty Mutual 25 50 75 100 125 150 175 200 225 250 275 $44 $119 $40 $83 $114 $286

 

  • Your Credit Score

Unlike the other 47 states, insurance companies are legally prohibited from charging a premium based on your credit score. For those with bad credit, this can end up saving you a lot of money. However, everyone else may get charged a higher premium to offset this imbalance.
 

  • Your Age

It might not seem fair, but teenage drivers are often charged significantly higher rates than motorists in their 30’s and beyond. This is because their lack of driving experience puts them at higher risk for accidents. But you can try to lower your rates with a Driver’s Ed or a Good Student discount.

Auto Policy Age Comparison Legend: 34 Year Old 17 Year Old Allstate State Farm Liberty Mutual 15 30 45 60 75 90 105 120 135 150 165 $44 $90 $40 $44 $114 $175

 

  • Your Driving Record

Have you heard of “Accident Forgiveness”? It’s a new trend that’s starting to catch on in the automotive insurance industry. Basically, your insurer will pretend one or more of your minor driving violations don’t exist, and offer you a lower rate based on that.

Driving Violations Legend: Perfect Record Minor Speeding Ticket DUI/Reckless Driving Major At-Fault Accident Allstate State Farm Liberty Mutual 15 30 45 60 75 90 105 120 135 150 165 180 195 $44 $66 $195 $68 $40 $44 $44 $48 $114 $175 Do Not Sell $175

 

  • Your Vehicle

Luxury vehicles require more types of coverage be added to your policy (and in greater amounts, too) if you want to be adequately protected. Otherwise, if the worst should happen to your premium vehicle, you may be paying for most or all of the replacement/repair costs.

Car Insurance by Make/Model Legend: 2015 Honda Accord 2012 Porsche Boxster Spyder Allstate State Farm Liberty Mutual 30 60 90 120 150 180 210 240 270 300 $44 $159 $40 $117 $114 $306

 

Minor Car Insurance Factors in Hilo

Before you make any major decisions about your insurance policy, be sure to consider these minor factors as well:

  • Your Marital Status

You can save tens or even hundreds of dollars by bundling multiple insurance policies with the same provider. And married couples can take advantage of these discounts even more, because they have twice as many insurance policies to bundle on average.

  • Your Gender

Do you think women are better drivers than men? Or is it the other way around? Ask three different insurance providers, and you’ll probably get three different answers, since many companies are charging men and women equal premiums these days.

  • Your Driving Distance to Work

The average commute time for Hilo workers can range from 16-19 minutes. Of these drivers, nearly 70% prefer to drive their own vehicle to work each day. Anywhere from 7-19% carpool with co-workers.

Reducing your mileage is a great way to reduce expenses, such as gas and maintenance. Unfortunately, it will only alter your monthly premium by a few dollars, if at all. Business vehicles, on the other hand, can cost 10% more than vehicles meant for personal use.

  • Your Coverage and Deductibles

Do you know what your deductible is? Because if it’s low, you could be missing out on huge savings. Raising your deductible can drastically lower your monthly premiums. Just make sure you save some of that money in case you ever actually have to file a claim.

  • Education in Hilo, HI

A good number of people who drive in Hilo also have a high school diploma or some equivalent. Less than 20% have bachelor’s degrees. But did you know that going back to school could save you money on car insurance? It’s true! Many insurance companies offer lower rates for drivers with advanced degrees. As a matter of fact, you’re more likely to get a discount for your education than for having a high salary or an important job title.

Residents have a few options when searching for higher education in Hilo. The University of Hawaii at Hilo can help you get either a two year vocational degree, or a four year degree in such fields as science or agriculture. Then there’s Akami University, designed for working adults who want a career change. Additionally, there is also Hawaii Community College.

Unfortunately for most insurance companies, a simple internet search can reveal many of their trade secrets. But even with the proper information, it can still be difficult for you as an individual to figure out your risk profile and find low-cost insurance. Make sure you do your due diligence before you commit to your next car insurance policy.

How We Conducted the Analysis

*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

Sources:

Hawaii Department of Commerce and Consumer Affairs – Insurance

Hawaii Department of Commerce and Consumer Affairs – Financial Institutions

Department of Highway Safety and Motor Vehicles

City-Data.com

Census.gov

These Companies Offer Lowest Rates on Auto Insurance in Hilo – Compare Quotes Now!

 

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