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For renters in Hawaii looking to protect their possessions from threats like fires, storms, and theft, having renters insurance is key. But before getting a policy, you likely want to know – how much is renters insurance in Hawaii?

The average cost of renters insurance in Hawaii falls within the range of $15 to $30 per month, which comes out to between $180 and $360 per year. However, your exact rate will depend on factors we’ll explore here.

If you’re short on time, here’s a quick answer: The typical cost for renters insurance in Hawaii is $15 to $30 per month or $180 to $360 annually. However, your specific rate will be based on the value of your belongings, selected coverage and policy limits, location risk factors, and more.

Average Cost of Renters Insurance in Hawaii

Typical monthly and yearly rates

The average cost of renters insurance in Hawaii ranges from $15 to $30 per month, or $180 to $360 per year. However, your exact premium can vary depending on factors like your location, coverage limits, and deductible amount.

According to 2021 rate data analyzed by ValuePenguin, Hawaii residents pay an average annual premium of $273 for renters insurance. This works out to around $23 per month. However, rates can range from as low as $144 per year ($12 per month) to as high as $624 per year ($52 per month).

Here’s an overview of typical monthly and yearly renters insurance costs in Hawaii:

  • Minimum: $12-$15 per month or $144-$180 per year
  • Average: $23 per month or $273 per year
  • Maximum: $50+ per month or $600+ per year

As you can see, there’s quite a bit of variation. While one renter may pay $15 per month, another with different circumstances may pay over $50. Let’s look at what impacts your exact premium amount.

What impacts your exact premium

Several factors determine your unique renters insurance rate in Hawaii. Some of the main variables include:

  • Location: Renters insurance rates tend to be higher in urban areas like Honolulu compared to rural spots. Also, properties in coastal areas or flood zones often cost more to insure.
  • Coverage limits: Selecting higher coverage for personal property, loss of use, liability, etc. leads to higher premiums.
  • Deductible amount: Choosing a lower deductible (like $250) will increase your rate compared to a higher deductible (like $1000).
  • Credit score: Renters with good credit generally get lower insurance rates.
  • Claims history: Too many past claims can cause your premium to rise.
  • Discounts: Bundling renters with auto insurance or having protective devices like smoke alarms can earn discounts.

As you can see, many variables impact your exact renters insurance costs. That’s why rates can vary so much between different Hawaii renters. The good news is there are lots of ways to save, like bundling policies or raising your deductible.

Comparing quotes between insurers is wise to find the best rate for your situation.

Coverage and Limits

Minimum vs. optional coverages

Renters insurance policies in Hawaii typically include basic coverages like personal property coverage, loss of use coverage, personal liability coverage, and medical payments coverage. The minimum coverage limits set by insurance companies usually provide basic protection, but renters may want to consider purchasing additional optional coverages or increasing limits for better protection.

The minimum personal property coverage limits range from $10,000 to $25,000 depending on the insurer. This covers replacement costs for possessions damaged or stolen. However, average rental insurance claims in Hawaii are around $10,000, according to insurance data.

So renters with higher value possessions may want to purchase more coverage. Optional coverages like scheduled personal property can provide customized limits for expensive items like jewelry, art, or collectibles.

Minimum loss of use coverage that covers hotel or apartment rental expenses if the rental becomes inhabitable is usually about 10-20% of personal property limits. For most renters the minimum is adequate, but optional increased limits are available if desired.

Typical minimum liability coverage that covers injuries for which the renter is legally liable is around $100,000. But optional higher limits up to $500,000 or above are commonly available. Average rental insurance liability claims in Hawaii run around $9,000.

But damages from dog bites or serious accidents can exceed basic limits, so increased coverage is worth considering.

Choosing policy limits

Choosing the right policy limits involves balancing premium costs with adequate protection. The table below shows estimated annual premium ranges for sample coverage limits:

Coverage Type Minimum Limits Premium Estimate Higher Limits Premium Estimate
Personal Property $15,000 $100 – $150 $30,000 $130 – $200
Loss of Use 10% of personal property Included 20% of personal property $10 – $15 additional per year
Personal Liability $100,000 Included $300,000 $20 – $30 additional per year

While higher limits cost more, they can provide much greater peace of mind for not much more money annually. Renters should consider their personal risk factors like high-value possessions or breeds of dogs when choosing appropriate limits.

Location and Risk Factors in Hawaii

High-risk areas due to natural disasters

Hawaii faces threats from various natural disasters like hurricanes, volcanic eruptions, tsunamis, earthquakes, flooding, and wildfires. These put certain areas at higher risk for damage, which insurers account for in premiums.

For example, coastal regions are more vulnerable to hurricanes and tsunamis. Areas on the Big Island near active volcanoes like Kilauea also carry extra risk.

According to the Hawaii Emergency Management Agency, over the past 10 years, disasters have caused an average of $52 million in damage per year in the state. With climate change, disasters may become more frequent and severe. This increases the chances of expensive insurance claims.

Urban vs. rural differences

Generally, renters insurance costs more in urban Honolulu County compared to rural areas. Population density is much higher in Honolulu, so there is a greater chance of damage from fires spreading between units and buildings.

Theft and vandalism rates also tend to run higher with more people concentrated in a small area.

Conversely, rural regions see lower premiums since they present fewer risks. However, isolated areas can still sustain damage from flooding, volcanic eruptions, or other disasters. So renters should still consider policies to safeguard belongings.

Impacts on premiums

Due to Hawaii’s vulnerability to catastrophes, insurers view it as a relatively high-risk state. Hawaii ranked 9th nationwide for the highest average renters insurance rates in 2022, at around $15 per month according to Policygenius data.

Costs can run even higher in identified flood zones or lava flow hazard regions.

For comparison, the national average monthly premium is approximately $12. So Hawaii residents pay 25% above typical costs. Insurers charge more to counterbalance their increased chance of large claim payouts after disasters strike the islands.

Comparing Renters Insurance Rates in Hawaii

Getting quotes from providers

Getting renters insurance quotes from different providers is the best way to find the most affordable coverage in Hawaii. Most major insurance companies like State Farm, Allstate, and GEICO offer renters insurance in Hawaii. You can easily get quotes online or over the phone in just a few minutes.

Websites like and allow you to compare personalized renters insurance rates from multiple companies at once. This makes it fast and simple to shop for the lowest price.

When getting a quote, provide accurate details about your rental unit, possessions, and desired coverage limits. This will ensure you receive an accurate rate comparison across providers. Pay attention to coverage details too – cheaper plans may have poorer protection.

Key carriers in Hawaii market

Some top renters insurance providers in Hawaii include:

  • Hawaii Insurance Consultants – Local broker with 50+ years experience
  • Island Insurance – Hawaii-based company with strong reputation
  • Allstate – National carrier with affordable standard rates
  • State Farm – Largest insurer in Hawaii with strong financial backing

In a J.D. Power 2022 U.S. Renters Insurance Satisfaction Study, Allstate and State Farm scored well for overall customer satisfaction in the region. But also check smaller local carriers like Hawaii Insurance Consultants as they can offer personalized service and competitive pricing.

Make sure to compare at least 3 free renters insurance quotes before choosing a provider in Hawaii. This allows you to find the right mix of price, features, and financial stability for your situation.

How to Save on Hawaii Renters Insurance

Increasing deductibles

One way to reduce your renters insurance premium in Hawaii is to choose a higher deductible amount. The deductible is the portion of a claim you pay out-of-pocket before the insurance kicks in. By raising it from $500 to $1,000, you could potentially decrease your premium by up to 15-30%.

Just make sure you have adequate savings to cover the higher deductible amount if needed.

Bundling policies

Bundling your Hawaii renters insurance policy with other insurance policies with the same provider, like auto or motorcycle insurance, can lead to a discount of 5-15% or more. The discount incentivizes you to purchase multiple policies from one insurance company.

Consider consolidating other insurance products to your renters insurance provider to maximize savings.

Limiting high-risk items

Avoid declaring high-risk, high-value items like jewelry, art, musical instruments or collectibles on your Hawaii renters insurance policy. The additional coverage for these items can raise your premium significantly. Consider obtaining standalone coverage just for those specific items.

Removing them from your Hawaii renters insurance policy can help lower the rate. You can also opt for special endorsements that limit the dollar amount for categories like jewelry or computer equipment.

Implementing some combination of these tips can lead to potential Hawaii renters insurance savings of 20-40%. Shop around with many providers and compare all available discounts to find the best rate possible.

For more money saving advice, check out sites like NerdWallet and PolicyGenius.


The cost to insure rental property in Hawaii tends to fall in the range of $15 to $30 monthly or $180 to $360 per year. But many factors from your benefit selections to your geographic risk will impact rates. Comparing quotes and understanding the Hawaii market can lead to significant savings.

By weighing coverage needs versus cost and shopping policies smartly, renters can secure solid financial protection. For most accurate rate estimates, consult directly with leading insurers that write policies across the Hawaiian Islands.

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