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Hawaii Car Insurance Laws – Bankrate.com

  • Attorney Daniel Albert

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We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
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Hawaii car insurance laws are a little different than in some states. For starters, Hawaii is a no-fault state. There are some complications to how this works, though. First off, the no-fault portion applies to injuries but not to property damage. All drivers are still required to carry minimum liability coverage, but the state also requires personal injury protection, also known as PIP coverage. In contrast, many at-fault, or torte states, require only basic liability coverage.
The financial fallout from auto accidents can be bad enough even with insurance, but it’s often unmanageable without insurance. From medical bills to property damage, car accidents can be financially perilous to those without sufficient coverage. Looking at some of the numbers below can help highlight why states usually require auto insurance for all drivers.
Hawaii auto insurance requirements specify that all drivers must carry minimum liability coverage and personal injury protection insurance. Hawaii minimum car insurance includes basic liability, which covers damages to others and their properties. In contrast, personal injury protection covers injuries to yourself and your passengers. Because Hawaii is a no-fault state, lawsuits between drivers may only occur in the case of serious injuries.
Like most states, Hawaii insurance laws require a certain level of minimum liability coverage. However, this coverage may not always be enough. While it satisfies the law, it can still leave drivers with more costs out of pocket than they may be able to afford. Because of the limitations around minimum coverage, some drivers choose to expand their coverage limits or add other policy types to their auto insurance plan.
Collision and comprehensive insurance are two of the more popular coverage types. Each of these can add layers of financial protection that are absent in a minimum coverage plan. Comprehensive insurance provides financial protection around damages that your vehicle sustains while not in use. For example, if it were to be damaged while parked in the driveway or a parking lot. Collision insurance pays towards those damages that your car sustains while it is in use—for instance, running into a tree, another vehicle, a curb or other objects while driving. Many of the top auto insurance companies offer these types of policies.
Hawaii is a no-fault state. For Hawaii drivers, this means that it will be your own insurance that pays for you and your passengers’ medical bills in most accidents. In Hawaii, the no-fault rules only apply to injuries and not to property damage. Suppose you are at fault in an accident. In that case, your policy will pay for your medical expenses and the other driver’s property expenses. Specifically, your personal injury protection will cover medical bills for you and your passengers. At the same time, your property damage liability will pay towards the other driver’s vehicle damages.
Driving without insurance in Hawaii is illegal and can carry severe consequences. For the first offense, drivers will be fined $500. For each offense after the first that occurs within five years of the previous violation, the driver will be fined no less than $1,500. The first offense can see a three-month license suspension, while further violations can see a year of license suspension. Repeat offenses can even lead to imprisonment.
While auto insurance can be costly, driving without insurance in Hawaii can be more expensive. If you are at fault for an accident and uninsured, you could end up with unmanageable out of pocket costs. Not only does your policy protect you from financial loss in the case of an accident, but it protects against these legal fines and penalties.
While Hawaii car insurance laws require basic liability and personal injury protection, there are other types of auto coverage to consider as well. Some drivers choose to expand beyond the mandated coverage to gain extra financial security. Two of the more popular types of auto coverage are medical payments coverage and uninsured motorist coverage.
Auto insurance can be a highly nuanced and personalized industry, making these questions tricky to answer conclusively. The best car insurance companies vary between drivers. Different drivers have different needs but also receive varied rates. Consider starting with the Bankrate guide to the best car insurance companies in Hawaii for 2021.
Auto insurance companies offer different rates to different drivers. This variance is due to how they calculate rates. Providers use numerous points of detailed personal data to determine premiums. Variables like age, location, vehicle, driving record, insurance score and more are generally used. Even so, some companies in Hawaii offer cheaper rates on average than others.
Hawaii is somewhat below the national average for auto insurance costs. In Hawaii, on average, a full coverage policy costs $1,127 per year. In contrast, the U.S. average annual cost for a full coverage plan is $1,674. A minimum coverage plan in Hawaii costs an average of $345 per year.
Bankrate.com is an independent, advertising-supported publisher and comparison service. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. This compensation may impact how, where and in what order products appear. Bankrate.com does not include all companies or all available products.
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