Are you tired of trying to find more affordable insurance rates in Hilo, HI? Hilo drivers have options when trying to find the lowest priced car insurance. You can either waste hours driving around getting price quotes or leverage the internet to find the lowest rates. There are both good and bad ways to compare insurance rates and you need to know the absolute fastest way to price shop coverage for your and get the cheapest rates either online or from Hilo insurance agents.

It is always a good idea to compare prices before your policy renews since prices are variable and change quite frequently. Even if you got the lowest rate on insurance a few years ago a different company probably has better premium rates today. You can search a lot of insurance on the internet, but by reading this article, you're going to learn some guaranteed methods to stop overpaying for insurance in Hilo.

The car insurance companies shown below are our best choices to provide quotes in Hilo, HI. If multiple companies are listed, it's highly recommended you visit two to three different companies to get the best price comparison.

Insurance Estimates for Popular Vehicles in Hilo
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Equinox LTZ AWD $1,242 $621 $104
Chevrolet Impala LT $800 $400 $67
Chevrolet Silverado LS Crew Cab 4WD $1,140 $570 $95
Dodge Ram Quad Cab TRX4 Off Road 4WD $1,100 $550 $92
Ford Escape Limited 2WD $602 $301 $50
Ford F-150 Lariat Super Cab 4WD $728 $364 $61
Ford Focus SES 2-Dr Coupe $1,160 $580 $97
Honda Accord EX 2-Dr Coupe $1,012 $506 $84
Honda CR-V EX-L 4WD $988 $494 $82
Honda Civic VP 4-Dr Sedan $1,184 $592 $99
Honda Odyssey EX-L W/Rear Entertainment $766 $383 $64
Mazda 3 S Grand Touring 4-Dr Hatchback $754 $377 $63
Nissan Altima 2.5 S 2-Dr Coupe $890 $445 $74
Toyota Camry Hybrid $918 $459 $77
Toyota Corolla LE $854 $427 $71
Toyota Prius $1,010 $505 $84
Toyota RAV4 4WD $694 $347 $58
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Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Prices do not factor in specific zip code location which can raise or lower price quotes greatly.

Can higher deductibles save money?

One common question asked by Hilo drivers is how low should you set your deductibles. The figures shown below summarize the premium difference of buying low and high policy deductibles. The first set of rates uses a $100 physical damage deductible and the second set of rates uses a $500 deductible.

Honda Accord rates are for example purposes only. To get rates for your specific vehicle, click here.

Honda Accord insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $198 $338 $226 $14 $68 $869 $72
Accord LX 4-Dr Sedan $198 $338 $226 $14 $68 $869 $72
Accord EX 4-Dr Sedan $198 $338 $226 $14 $68 $869 $72
Accord LX-P 4-Dr Sedan $198 $338 $226 $14 $68 $869 $72
Accord LX-P 4-Dr Sedan $198 $338 $226 $14 $68 $869 $72
Accord EX-L 4-Dr Sedan $228 $412 $226 $14 $68 $973 $81
Accord EX 2-Dr Coupe $228 $484 $300 $18 $90 $1,145 $95
Accord LX-S 2-Dr Coupe $228 $484 $300 $18 $90 $1,145 $95
Accord EX-L 2-Dr Coupe $258 $484 $300 $18 $90 $1,175 $98
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Honda Accord insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $144 $228 $226 $14 $68 $680 $57
Accord LX 4-Dr Sedan $144 $228 $226 $14 $68 $680 $57
Accord EX 4-Dr Sedan $144 $228 $226 $14 $68 $680 $57
Accord LX-P 4-Dr Sedan $144 $228 $226 $14 $68 $680 $57
Accord LX-P 4-Dr Sedan $144 $228 $226 $14 $68 $680 $57
Accord EX-L 4-Dr Sedan $166 $278 $226 $14 $68 $752 $63
Accord EX 2-Dr Coupe $166 $328 $300 $18 $90 $902 $75
Accord LX-S 2-Dr Coupe $166 $328 $300 $18 $90 $902 $75
Accord EX-L 2-Dr Coupe $188 $328 $300 $18 $90 $924 $77
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Rates do not factor in garaging location in Hilo which can modify insurance rates significantly.

Based on the above data, using a $100 deductible costs roughly $17 more each month or $204 a year than quoting the higher $500 deductible. Since the policyholder would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you normally average at least 24 months between claims, you would probably save some money by selecting a higher deductible.

How high should deductibles be?

The diagram below shows how choosing a deductible and can impact Dodge Ram insurance costs for different age groups. The prices are based on a single female driver, comprehensive and collision coverage, and no discounts are taken into consideration.

Dodge Ram rates are for example purposes only. To get rates for your specific vehicle, click here.

Does it make sense to buy full coverage?

The illustration below illustrates the comparison of Honda Accord premium costs with full physical damage coverage compared to only buying liability only. The costs are based on no violations or claims, $100 deductibles, single female driver, and no discounts are applied to the premium.

Honda Accord rates are for example purposes only. To get rates for your specific vehicle, click here.

When to stop buying comprehensive and collision coverage

There is no written rule to stop paying for physical damage coverage, but there is a general convention. If the yearly cost of full coverage is 10% or more of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let's pretend your Honda Accord settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $8,000 after the policy deductible has been paid. If you are paying in excess of $800 a year for full coverage, then it might be time to buy liability only.

There are some cases where only buying liability is not financially feasible. If you haven't paid off your loan, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

Special considerations

Always remember that when buying insurance from an agent or online, there isn't really a single plan that fits everyone. Everyone's situation is unique and your car insurance should be unique as well.Safe vehicles cost less to insure For instance, these questions could help you determine whether your personal situation will benefit from professional help.

If you're not sure about those questions but a few of them apply, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It's fast, doesn't cost anything and may give you better protection.

When should I get advice from a local insurance agent?

Some consumers still prefer to sit down and talk to an agent and doing so can bring peace of mind Good agents can help you build your policy and help file insurance claims. One of the best bonuses of getting online price quotes is that you can obtain cheaper prices and still have an agent to talk to.

Insurance agency in HiloUpon completion of this form (opens in new window), your insurance data is transmitted to companies in Hilo that can provide free Hilo car insurance quotes and help you find cheaper coverage. There is no need to even leave your home as quotes are delivered directly to you. If you want to compare rates for a specific company, you can always search and find their rate quote page and submit a quote form there.

Picking a insurer needs to be determined by more than just the premium amount. Get answers to these questions too.

Exclusive or Independent: There is a difference

If you are wanting to find a local insurance agency, there are two different types of agents from which to choose. Agents in Hilo may be either independent agents or exclusive agents. Either can insure your vehicles properly, but we need to point out why they differ since it can affect buying decisions.

Exclusive Auto Insurance Agents

Agents that elect to be exclusive can only write with one company such as State Farm, Allstate, or Farmers Insurance. They usually cannot place coverage with different providers so keep that in mind. Exclusive agents are well trained on what they offer which helps offset the inability to provide other markets. Many people choose to use a exclusive agent partially due to the brand name and strong financial ratings.

Independent Agencies or Brokers

Agents that elect to be independent do not have single company limitations so they have the ability to put coverage amongst many companies and find you the best rates. If premiums increase, an independent agent can move your coverage which is easy for the insured.

When searching for an agent, it's a good idea to get quotes from several independent agencies so that you can do a thorough price comparison. They also have the ability to place coverage with lesser-known insurance companies that may have much lower rates than larger companies.

Claim statistics by make and model

Which vehicle models have severe claims? The statistics below list the best and worst vehicles for likelihood of having large claims for each type of coverage listed.

Vehicle Make and Models with the Lowest and Highest Auto Insurance Medical Payment Claims
Lowest Claim Frequency Highest Claim Frequency
Chevrolet Corvette Nissan Sentra
Chevrolet Silverado 3500 Chevrolet Sonic
Ford F-250 SuperCrew Mitsubishi Lancer
Land Rover Range Rover Sport Dodge Charger
Tesla Model S Kia Forte
Ford Expedition Hyundai Accent

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Collision Claims by Vehicle
Lowest Claim Frequency Highest Claim Frequency
Jeep Wrangler Ferrari 458
Nissan Xterra Maserati Ghibli
Ford F-250 SuperCab Audi RS7
GMC Canyon BMW 6 Series
Chevrolet Colorado Maserati Granturismo
Ford F-150 SuperCrew Bently Continental GTC

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Comprehensive Claims by Vehicle Make and Model
Lowest Claim Frequency Highest Claim Frequency
Volvo V60 Maserati Quattroporte
Ford F-350 Bentley Continental GTC
GMC Sierra 2500 Mercedes-Benz S Class
Infiniti QX50 Maserati Granturismo
Nissan Xterra Audi S7
Smart ForTwo Bentley Continental GT

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Bodily Injury Liability Claims by Vehicle Model
Lowest Claim Frequency Highest Claim Frequency
Subaru Outback Mitsubishi Lancer
Fiat 500 Dodge Charger
Volvo XC60 Chevrolet Sonic
Chevrolet Corvette Hyndai Accent
Acura MDX Mitsubishi Mirage
Mercedes-Benz SL Class Chrysler 200

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years