Home Insurance in Hilo, Hawaii: What You Should Know
Hilo, located on the Big Island of Hawaii, is known for its lush rainforests and volcanic landscapes. However, its location near Mauna Loa and frequent rainfall increase risks for homeowners, which in turn affects home insurance premiums.
National vs. Hilo Home Insurance Costs
The national average cost for home insurance is $1,400 per year, but Hilo homeowners pay an average of $1,950 per year. The elevated risk of volcanic activity, heavy rain, and coastal flooding contributes to these higher premiums.
Home Insurance Rates by Home Age in Hilo
| Home Age | Average Annual Premium |
|---|---|
| 0-10 years | $1,850 |
| 10-20 years | $1,900 |
| 20-30 years | $1,950 |
| 30+ years | $2,050 |
Home Insurance Rates by Credit Tier in Hilo
- Excellent Credit (750+): $1,850/year
- Good Credit (700-749): $1,950/year
- Fair Credit (650-699): $2,100/year
- Poor Credit (Below 650): $2,300/year
Cheapest Home Insurance Providers in Hilo
For homeowners in Hilo, the following providers offer affordable home insurance options:
- State Farm: $1,900/year
- Liberty Mutual: $1,950/year
- Allstate: $1,980/year
- Progressive: $2,000/year
- USAA: $1,850/year
Home Insurance Rates by Deductible in Hilo
- $500 Deductible: $2,100/year
- $1,000 Deductible: $1,950/year
- $2,000 Deductible: $1,800/year
- $5,000 Deductible: $1,650/year
Types of Homeowners Insurance in Hilo
In addition to standard insurance policies, homeowners in Hilo should consider the following types:
- HO-3 (Special Form): Most homeowners use this policy for coverage against common risks.
- HO-5 (Comprehensive Form): Provides more extensive protection for high-value homes.
- HO-8 (Older Home Insurance): Ideal for historic homes in Hilo’s older neighborhoods.
Additional Coverage Options in Hilo
- Volcanic Eruption Insurance: Necessary for homes near Mauna Loa, as volcanic eruptions can cause significant damage.
- Flood Insurance: Hilo’s heavy rains and proximity to water bodies make flood insurance a wise investment.
- Hurricane Insurance: Essential for protecting your home against wind damage from tropical storms and hurricanes.
Frequently Asked Questions (FAQ) for Hilo Homeowners
- Q: Does homeowners insurance in Hilo cover volcanic eruptions?
- A: Some policies do, but it’s important to verify with your provider. You may need additional coverage.
- Q: How does living near Mauna Loa affect my insurance costs?
- A: Living near an active volcano increases risks, so premiums tend to be higher for homes closer to volcanic activity.
Frequently Asked Questions About Hilo Home Insurance
Hilo homeowners pay an average of $1,950 per year for home insurance in 2026, well above the national average of $1,400 per year. The elevated risk of volcanic activity, heavy rain, and coastal flooding drives up premiums on the Big Island.
Hilo’s proximity to Mauna Loa raises insurer risk assessments. Combined with frequent rainfall and coastal flooding exposure, this contributes to Hilo having some of the higher home insurance premiums in Hawaii.
Credit tier significantly impacts Hilo premiums. Excellent credit (750+) averages $1,850/year, good credit (700-749) averages $1,950/year, fair credit (650-699) averages $2,100/year, and poor credit (below 650) averages $2,300/year.
Newer homes cost less to insure in Hilo. Homes 0-10 years old average $1,850/year, 10-20 years average $1,900/year, 20-30 years average $1,950/year, and homes 30+ years old average $2,050/year.
- About the Author
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Autumn Cafiero Giusti is a licensed life and health insurance broker and award-winning journalist with more than 20 years of experience. She writes extensively about flood, Medicare, home, and life insurance for publications like U.S. News and CBS News.
