Just like anywhere else, the price of homeowners insurance varies depending on several factors like where you live, the type of home you lived in when it was built, and the insurance company itself. As a ballpark figure, the average cost of homeowners insurance in Hawaii is roughly $1,083 a year, which is just under the national average. As mentioned earlier, Hawaii’s location and the fact that it’s a Pacific island chain makes it susceptible to hurricanes, floods, and even tsunamis, which might make homeowners insurance more expensive. In addition to hurricanes and floods, Hawaii is also one of the only states in America to feature active volcanoes. The good news is that most of the damage caused by eruptions falls under fire damage coverage in most policies. However, the bad news is that these policies typically won’t cover damages caused by earth movements during eruptions, requiring you to purchase additional coverage. While where you live in Hawaii can also affect the rates you pay, the insurance prices in the cheapest and most expensive cities don’t vary by much. As an example, Hilo, Kahului, and Kihei are the most expensive cities for homeowners insurance in Hawaii, with residents paying an average of $1,095 annually. However, homeowners in cities like Halawa, Waianae, and Nanakuli, the cheapest city for homeowners insurance in Hawaii, pay just slightly less with an average premium cost of $1,066 per year. Ultimately, the rate you pay will depend on the type and amount of coverage you need. In any case, we recommend sourcing a few different plans that cover the full value of your home and meet your coverage needs before taking a closer look at rates.