Cheap Car Insurance Quotes in Hawaii – HI

Hawaii may be a small state, but its citizens have more than 121 different insurance companies to choose from. This market diversity benefits the insurance buyer, allowing them to shop around in order to find the best possible prices. There are many companies in Hawaii that offer discount insurance, but only a few have the local expertise and regulatory compliance to provide residents in HI with the best possible service. When looking for discount insurance quotes in Hawaii; make sure to keep the following tips in mind.

Health Insurance
Like the rest of the United States, Hawaii will begin radical changes to its state insurance program within the next few years. As part of the broader effort towards healthcare reform, Hawaii must expand its Medicare program while also designing a subsidy plan that will make medical insurance more affordable for Hawaiians. The Hawaiian government recommends that all medical insurance programs meet a few minimum standards in order to ensure broad coverage by the end of 2014. Most medical insurance programs should provide some form of catastrophic incident coverage, alleviating the financial burden placed on those with unexpected injuries or ailments. Additionally, all insurance needs to have a clear provider network, or the ability to be reimbursed after attending a qualified medical professional outside of network. Finally, insurance programs should include offices and regional representatives on each island, not just on Oahu.

Some Hawaiians save a great deal of money with limited benefit plans, health insurance plans that pay out only in certain circumstances and are thus far cheaper than more comprehensive plans. Accident only coverage is invalid for diseases and for some hospital bills, but it covers all of the medical costs in the event of workplace accidents or other traumatic events. According to the Hawaiian Medical Association, Hawaii has the second highest rate of car accidents in the country, so perhaps this is an insurance plan worth looking into.

Motor Vehicle Insurance
The Hawaiian government requires every vehicle on the nation’s highways and public roads to maintain constant insurance coverage. Failure to have a vehicle insured can result in hefty fines if discovered, or possibly jail time if there is an accident. Hawaiian drivers must keep a copy of their insurance certificate in their vehicle. Drivers without insurance certificate must forfeit their registration and license plates to the county director of finance, making it impossible to drive their vehicle on the roads.

In Hawaii, insurance operates on a “no-fault” basis. This means that insurance companies must pay the bills for injuries sustained by both drivers up to the limit of the insurance’s personal injury protection benefits. Additionally, drivers are unable to sue each other over minor accidents, with the driver-at-fault always being responsible for the damage to both cars in the event of an accident. Every driver must carry, at a minimum, at least $20,000 worth of bodily injury coverage, and they must also have uninsured motorist coverage. However, there are a number of optional types of insurance that can be included such as funeral benefits and wage loss, but these should be determined on a case by case basis, and they are not required (nor usually supplied) by discount insurance programs.

Hawaii Insurance Regulation
In Hawaii, the Department of Commerce and Consumer Affairs is in charge of the regulation of insurance companies and the enforcement of relevant laws. The insurance division maintains officers in Honolulu, with all operations being overseen by the Insurance Commissioner. Consumers are encouraged to contact the Department of Commerce with questions about HI insurance, and they are required by law to call the enforcement division of the Insurance Commission should they suspect insurance fraud or a scam related to an insurance provider.