ZIP Codes Tracked
25
Hawaii Homeowners Insurance
U.S. Treasury FIO data for 25 ZIP codes in Hawaii (HI).
Homeowners in Hawaii pay an average of $2,130 per year for home insurance — 20% above the national average of $1,776. That ranks Hawaii as the 11th most expensive state out of 51 for homeowners insurance. Between 2018 and 2022, premiums rose by 11.6%; nonrenewal rates declined by 14.0% over the same period.
On five-year premium growth (2018–2022), Hawaii ranks 10th out of 51 states. Its nonrenewal rate (0.30%) ranks 50th out of 50 — nonrenewal is an early warning indicator of insurer retreat, often tied to disaster risk.
Source: U.S. Department of the Treasury, Federal Insurance Office — "Analyses of U.S. Homeowners Insurance Markets, 2018–2022." Premium values are five-year averages across all ZIP-level observations. See methodology for caveats.
Avg Premium
$2,130/yr
National avg: $1,776 (+20% above)
Premium Change
+11.6%
2018-2022 change
Avg Loss Ratio
20.0%
Claims paid vs premiums earned
Nonrenewal Rate
0.30%
-14.0% change
Data Snapshot: Hawaii Homeowners Insurance
Hawaii homeowners paid an average of $2,130 per year for home insurance based on U.S. Treasury FIO data covering 25 ZIP codes across the state. That is 20% above the national average of $1,776 per year reported by the Federal Insurance Office. Hawaii ranks 11th most expensive out of 51 states and territories on annual premium, with ZIP-level observations ranging from $1,365 in 96706 to $3,858 in 96722.
Between 2018 and 2022, average premiums rose by 11.6% in Hawaii, placing the state 10th nationally on five-year premium growth. The state-level loss ratio averaged 20.0%, meaning insurers retained a healthy margin after claims, typical of stable markets. Nonrenewal rates — the share of policies insurers decline to extend at expiration — averaged 0.30%, a decline of 14.0% over the study period (ranking 50th out of 50 states).
Within Hawaii, premium dispersion across ZIP codes is substantial: the most expensive ZIP (96722 in Princeville) charges 183% more than the least expensive (96706 in Ewa Beach), reflecting local differences in catastrophe exposure, construction costs, and claims history. The FIO dataset aggregates voluntary reporting from the 40 largest homeowners insurers covering roughly 80% of the U.S. market, so ZIP-level figures represent market averages rather than individual quotes; actual premiums vary with dwelling value, deductible, coverage limits, and insurer-specific underwriting. This page is for educational research only and is not insurance advice — homeowners should obtain quotes from multiple licensed carriers or an independent agent before purchasing or renewing coverage.
Loss Ratio Reading: Hawaii
Hawaii statewide — FIO 2018-2022 average: 20% (Insurer-favorable) — low claim payout — insurer retains a healthy margin.
Reporting Period
2018-2022
Source
U.S. Treasury FIO
Premium Trends (2018-2022)
| Year | Avg Premium | Median Premium |
|---|---|---|
| 2018 | $1,909 | $1,956 |
| 2019 | $1,910 (+0.0%) | $1,950 |
| 2020 | $1,964 (+2.9%) | $1,989 |
| 2021 | $2,090 (+6.4%) | $2,088 |
| 2022 | $2,130 (+1.9%) | $2,136 |
Average Premium by Year
$1,909 2018
$1,910 2019
$1,964 2020
$2,090 2021
$2,130 2022
Most Expensive ZIP Codes in Hawaii
#1 #2 #3 #4 #5 #6 #7 #8 #9 #10
96722
Princeville, HI
$3,858/yr
Loss ratio: 8%
96761
Lahaina, HI
$2,807/yr
Loss ratio: 14%
96821
Honolulu, HI
$2,750/yr
Loss ratio: 14%
96740
Kailua Kona, HI
$2,719/yr
Loss ratio: 13%
96790
Kula, HI
$2,544/yr
Loss ratio: 12%
96743
Kamuela, HI
$2,482/yr
Loss ratio: 6%
96753
Kihei, HI
$2,427/yr
Loss ratio: 13%
96734
Kailua, HI
$2,386/yr
Loss ratio: 28%
96741
Kalaheo, HI
$2,382/yr
Loss ratio: 6%
96816
Honolulu, HI
$2,213/yr
Loss ratio: 16%
Most Affordable ZIP Codes in Hawaii
#1 #2 #3 #4 #5 #6 #7 #8 #9 #10
96706
Ewa Beach, HI
$1,365/yr
96732
Kahului, HI
$1,382/yr
96738
Waikoloa, HI
$1,480/yr
96793
Wailuku, HI
$1,529/yr
96707
Kapolei, HI
$1,561/yr
96720
Hilo, HI
$1,565/yr
96797
Waipahu, HI
$1,577/yr
96768
Makawao, HI
$1,815/yr
96789
Mililani, HI
$1,870/yr
96744
Kaneohe, HI
$1,960/yr
All ZIP Codes in Hawaii
25 ZIP codes sorted by premium (highest first). Click column headers to sort.
| ZIP | City | Premium |
|---|---|---|
| 96722 | Princeville | $3,858 |
| 96761 | Lahaina | $2,807 |
| 96821 | Honolulu | $2,750 |
| 96740 | Kailua Kona | $2,719 |
| 96790 | Kula | $2,544 |
| 96743 | Kamuela | $2,482 |
| 96753 | Kihei | $2,427 |
| 96734 | Kailua | $2,386 |
| 96741 | Kalaheo | $2,382 |
| 96816 | Honolulu | $2,213 |
| 96766 | Lihue | $2,205 |
| 96825 | Honolulu | $2,139 |
| 96701 | Aiea | $2,136 |
| 96712 | Haleiwa | $2,068 |
| 96746 | Kapaa | $2,033 |
| 96744 | Kaneohe | $1,960 |
| 96789 | Mililani | $1,870 |
| 96768 | Makawao | $1,815 |
| 96797 | Waipahu | $1,577 |
| 96720 | Hilo | $1,565 |
| 96707 | Kapolei | $1,561 |
| 96793 | Wailuku | $1,529 |
| 96738 | Waikoloa | $1,480 |
| 96732 | Kahului | $1,382 |
| 96706 | Ewa Beach | $1,365 |
Hawaii Insurance Guides
Why Is Homeowners Insurance So Expensive?
Key factors driving premium increases nationwide
The Insurance Nonrenewal Crisis
Why insurers are dropping policyholders and what it means
Understanding Loss Ratios
What loss ratios reveal about your state's insurance market
Insurance Costs by State
How Hawaii compares to other states
Related Data for Hawaii
Natural Disaster Risk
FEMA disaster & NOAA storm data for Hawaii
Wildfire Risk Data
USDA wildfire risk assessments for Hawaii
Rental Market Data
HUD fair market rents in Hawaii
Cost of Living
BEA regional price parities across metros
Property Taxes
County property tax rates in Hawaii
Climate Data
NOAA climate normals for Hawaii
Frequently Asked Questions
What is the average homeowners insurance cost in Hawaii? ▼
The average homeowners insurance premium in Hawaii is $2,130 per year, based on U.S. Treasury FIO data covering 25 ZIP codes. This is 20% above the national average of $1,776.
How have insurance premiums changed in Hawaii? ▼
Hawaii homeowners insurance premiums changed by +11.6% between 2018 and 2022. The average loss ratio is 20.0%, meaning insurers pay out that percentage of earned premiums in claims.
Which ZIP code has the most expensive insurance in Hawaii? ▼
The most expensive ZIP code for homeowners insurance in Hawaii is 96722, with an average premium of $3,858/yr. The most affordable is 96706 at $1,365/yr.
What is the nonrenewal rate for Hawaii homeowners insurance? ▼
The average nonrenewal rate in Hawaii is 0.30%. This rate has changed by -14.0% from 2018 to 2022. Nonrenewals occur when an insurer declines to renew an existing policy at expiration. ZIP 96732 has the highest nonrenewal rate in the state at 0.57%.
What is a loss ratio and what does Hawaii's mean? ▼
A loss ratio measures how much an insurer pays out in claims compared to premiums collected. Hawaii's average loss ratio is 20.0%. Ratios above 100% indicate insurers are paying more in claims than they collect, which often leads to premium increases.
How often do homeowners file insurance claims in Hawaii? ▼
The average claim frequency in Hawaii is 2.39%, meaning that percentage of policies result in a claim each year. The average claim severity (cost per claim) is $16,744. Higher claim frequency and severity typically correlate with higher premiums.
Source: U.S. Department of the Treasury, Federal Insurance Office (FIO) Homeowners Insurance Data (2018-2022). Premiums are ZIP-level averages and may not reflect individual policy costs U.S. Department of the Treasury, Federal Insurance Office (FIO) Homeowners Insurance Data (2018-2022). Premiums are ZIP-level averages and may not reflect individual policy costs
Related
Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainInsure Editorial
