Home Insurance in Hawaii
Hawaii's median home value is $839,100.
The typical home in Hawaii was built around 1980. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 14% of homes were built before 1960.
The housing stock in Hawaii is 63% single-family homes and 31% apartments in buildings with 5+ units.
In Hawaii, about 63% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 13%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 63% of occupied homes in Hawaii are owner-occupied.
43% of homes in Hawaii are primarily heated with electricity.
In Hawaii, the statewide average premium for a standard HO-3 homeowners policy is $1,549 per year (NAIC, 2023 data).
Key figures
| Median home value | $839,100 |
|---|---|
| Median year built | 1980 |
| Owner-occupied share | 63% |
| Share of owner-occupied homes with a mortgage | 63% |
| Home insurance premium | $1,549 - statewide average (NAIC, 2023 data) |