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Known as “Bamboo Man” by the locals, Kaneohe is a residential town located on the Oahu Island. Historically it has been a great location for commercial farming thanks to a natural supply of abundant rainfall. However, present day Kaneohe focuses more on Banana cultivation.
Driving legally in Kaneohe requires:
| Coverage | Requirements | Most Common |
| Liability Bodily Injury | 20,000/40,000 | 100,000/300,000 |
| Liability Property Damage | 10,000 | 50,000 |
| Bodily Injury - Motorist Uninsured | Not required | 20,000/40,000 |
| Not required Coverage | Medical Payments Coverage | 2,000 |
| Collision | Not required | 250 deductible |
| Comprehensive | Not required | 1,000 deductible |
When you are purchasing a new policy, the type of car you drive will largely determine what type of coverage you need. If you’re driving an old, used vehicle, then Liability will probably be sufficient. But the newer and more expensive your vehicle is, the more coverage you should buy.
Did you know that Kaneohe drivers can get insured for as little as $68/mo* right now? This is substantially cheaper than average rates in Hawaii, which are as high as $114 per month for the majority of drivers.
Each insurance company is different, which helps explain the wide variance in average rates between companies. But rates aren’t everything. Would you be willing to pay a little more each month to do business with a customer service oriented company? Or an insurer with a reputable claims service? These are very important elements to keep in mind when trying to decide.
Auto insurance carriers contemplate numerous variables when calculating insurance quotes, including marital status, type of vehicle owned, education, your driving history, and business use of the vehicle. Also, keep in mind that premiums differ from provider to provider. To find out whether you’re still being charged the most affordable rate, compare cheap Hawaii auto insurance quotes online.
Insurance companies take multiple elements into account when creating an auto insurance policy. Regrettably, a great number of elements are confusing 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 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 Kaneohe is 34,597 and the median household income is $82,095.
The lower the accident statistics are in your area, the less you will likely be forking out in monthly premiums. In Kaneohe, the most recent accident statistics are fairly low for a population of nearly 35,000 people. You’re probably already saving money as a result of this.
Even in small cities or rural towns, auto theft can still be a problem. In order to make it less of a problem for you, think about installing a passive anti-theft system on your car, especially if it was made in Japan. In recent years, 3 of the top 5 stolen cars in Hawaii were produced in Japan, so owning a Japanese car could put you at greater risk for auto theft if you don’t protect it with a Comprehensive Automobile insurance policy. It’s the only form of coverage which pays out if you have to file a stolen vehicle claim.
If you have poor credit and you live in Hawaii, you’re in luck. Auto insurers are legally prohibited from charging you double – or even triple – the going rate they would normally give to people with good credit. Regrettably, because you are forking out less, people with better credit have to pay more in order to make sure that the insurance company still makes their profits.
The younger you are, the more likely you are to be charged higher rates for automobile insurance. Most companies assume that, because of your lack of driving experience, that you are more likely to cause an accident. However, you can immensely lower your rates with Driver’s Ed or Good Student discounts.
Having multiple major driving violations, such as a DUI or Reckless Driving, can make it confusing, expensive, or even impossible to find coverage. Even a few minor offenses, such as speeding tickets or a minor fender-bender, could raise your rate – unless your provider offers “Accident Forgiveness” discounts. Contact your agent for more information.
If you want to own a luxury vehicle, but don’t want to be financially put out if it gets stolen, or catches fire, or gets damaged by severe weather, then you’re going to want to buy all of the coverage needed to protect that investment (and in sufficiently high amounts, too). This, as you can see in the chart above, is why luxury vehicles cost so much more to insure.
Before you make any major decisions about your insurance policy, be sure to consider these minor elements as well:
If you’re newly married, then you might not be aware of the fact that you can save money by bundling your Automobile insurance policy with that of your spouse. And if you have other policies, such as homeowner’s or motorcycle insurance, you can bundle them for discounts, also (provided your insurer sells those types of coverage).
Once upon a time, insurance companies used to make a big deal about gender – and adjusted a customer’s premiums accordingly. These days, however, data shows that there is no real reason to charge men and women different rates. Based on this, most providers charge each gender about the same, give or take a few dollars per month.
The typical worker in Kaneohe can expect a work commute of 24-32 minutes each day. Over 65% of these motorists drive their own car to work, while 9-22% prefer to carpool with co-workers. A much smaller percentage take the bus.
Driving fewer miles each year will certainly save money on gas, maintenance, and lower your overall risk of getting into an accident. However, at best, it’ll only lower your monthly premium by about 2-3%. Registering your vehicle for business use, on the other hand, could raise your premiums by 12-13% or more.
New para about how less coverage is more expensive than more coverage, and how high deductibles can make more coverage more affordable
The largest number of motorists in Kaneohe have earned a high school diploma, while around 20% of drivers have achieved a bachelor’s degree. And these residents won’t just benefit from expanding their overall education; they’ll also see lower rates on their car insurance thanks to their efforts. It may sound hard to believe, but having a higher education is even better than having a prestigious job or a high salary when it comes to lower Automobile insurance rates.
There are a few local choices to look into if you’d like to pursue an advanced degree in Kaneohe. Windward Community College is a state-sponsored school offering associates degrees to prospective students. Additionally, the Windward Hawaii Loa Campus of Hawaii Pacific University is a private educational institution offering a variety of degrees.
Finding affordable auto insurance can be a hassle. There’s a lot of information you need to consider and, figuring out how insurance companies evaluate your potential risk can be complicated. But don’t let the wrong insurance company talk you into purchasing the wrong policy.
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
These Companies Offer Lowest Rates on Auto Insurance in Kaneohe, HI – Act Now!