In Hawaii, the homeownership rate is just over 58%, which is much lower than the U.S. national average rate of about 64%. Part of that is due to Hawaii’s high cost of living. The median property value in the state was $631,700 in 2018, compared to the U.S. average which was just $229,700 the same year.
Hawaii is one of the most beautiful states, with warm sandy beaches, clear blue waters and lush mountain ranges. But because it’s an island, many homes in Hawaii are at risk of flood, storm and even earthquake damage. Having the right home insurance policies can protect your home and your belongings from certain events.
If you’re shopping for home insurance in Hawaii, there are a few things you should consider. First, decide how much insurance coverage you need. Also think about purchasing add-on coverages, like flood and earthquake insurance. Lastly, you’ll want to pick a deductible that you can comfortably afford to pay out-of-pocket.
Best home insurance companies in Hawaii
To simplify your insurance shopping experience, we put together a list of the best home insurance companies in Hawaii. These providers were rated highly in J.D. Power’s 2019 U.S….
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