Hawaii Commercial Auto Insurance: Quotes From $24/mo

According to the Insurance Research Council, one in eight drivers in the US are uninsured. This can cause your business a headache if you get into an accident with someone who doesn’t have proper insurance. You will want to invest in an adequate insurance policy to protect your business from this and similar accidents. This article will guide you on what you need to know about commercial auto insurance for your Hawaii business.

What is Commercial Auto Insurance?

Commercial auto insurance is a policy that protects vehicles used in your business. Most US states require drivers and vehicle operators to have this insurance to pay for liabilities, bodily injury, and property damage on the road.


Why Do I Need Commercial Auto Insurance?

Even if you already have personal auto insurance, you still need commercial auto coverage. Personal auto insurance does not cover vehicles for work-related tasks besides the commute to work. You will need this insurance for the following work activities:

  • Shopping for supplies for your business

  • Meeting a client

  • Delivering services or products

  • Some landscaping activities

  • Operating a business out of a vehicle like a food truck

  • Meeting with a lawyer

Auto Accident Statistics in Hawaii

Below are auto accident statistics from the Department of Transportation in 2021.

Total crash deaths 94
Fatality rate 0.94
Serious injury crashes 546
Serious injury rate 5.48
Non-motorized fatalities and serious injuries 138


Honolulu

Honolulu had the most traffic fatalities in 2021. Commercial auto insurance Honolulu has to protect your business from increased risks like fatalities and crime rates. According to 2021 data, you have a 1 in 390 chance of being a victim of a violent crime in Honolulu. Your chance of being a victim of property crime is 1 in 31.




Components of Hawaii Commercial Auto Insurance

Hawaii commercial auto insurance policies will offer you standard components and coverage. Below are the specific parts of your insurance policy.


Auto Liability

Your auto liability policy covers bodily injury and property damages you are responsible for. This policy also helps pay for legal costs and court fees.


Personal Injury Protection

This policy pays for medical bills for your driver’s and passenger’s injuries up to the personal injury limit. It also pays for lost income and replacement services. Since Hawaii is a no-fault state, you cannot sue or be sued unless there are excessive injuries.


Uninsured Motorist

Uninsured motorist covers medical bills you experience if a driver with insufficient insurance hits you. This policy can also cover property damage, but this coverage may be split into a separate policy.


Collision

This policy protects your vehicles against damages that result from road accidents. Events covered include:

  • Collisions with other vehicles

  • Single-vehicle accidents

  • Hitting stationary or road objects

Comprehensive

Your comprehensive policy protects your vehicles from other sources of damage besides collisions. Event coverage includes:

  • Theft and Vandalism

  • Extreme weather like hail

  • Fire

  • Hitting an animal

  • Falling objects

  • Windshield damage

Compare Cheap Commercial Auto Insurance Quotes Online

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Add-Ons to Hawaii Commercial Auto Insurance

You can increase the coverage of your policy through the use of add-ons. Below are a few possible add-ons you can pick.


Roadside Assistance

This policy will cover your business for road breakdown services like towing, jumpstarts, and tire changes. It can also help you get into a locked car.


Rental Reimbursement

This policy will help you pay for rental vehicles you must temporarily use. You may have a vehicle in the repair shop and still need a way to perform business operations.


Pet Injury

Pets are typically not covered under auto insurance. This can protect the pets of your clients or others transported by your business in case of an accident.


Gap Insurance

A gap insurance policy helps you cover damaged financed vehicles. The amount you owe on your vehicle will go down as it depreciates. This can leave you in a situation where your vehicle is worth less to your insurer than you owe on your loan. Gap coverage helps you make up that difference.


Auto Glass Coverage

An auto glass policy helps you repair or replace your windshield from physical damage. If you have a comprehensive policy, you might not need this coverage. However, this policy is a way to get just your windshield covered for less than comprehensive coverage would cost.


Hawaii Commercial Auto Insurance Requirements

Hawaii commercial auto insurance is required to have certain coverage limits to meet the demands of Hawaii law. Vehicles in Hawaii must be insured throughout their registration period. You must always have a valid insurance identification card in your vehicle. Below are the minimum limits for some insurance policies.


Personal Injury Protection

Your insurance must meet a minimum coverage of $10,000 per person for medical and rehabilitative costs.


Auto Liability

Hawaii is a 20/40/10 state for auto liability.

Bodily injury per person Bodily injury per accident Property damage per accident
$20,000 $40,000 $10,000


Uninsured & Underinsured Motorist

This coverage is optional. Still, Hawaii requires that your insurer advise you on these Uninsured and & Underinsured motorist policies. You must reject this coverage in writing. The minimum coverage for this policy is $20,000 per person.


Is Hawaii a No-Fault State?

Yes. Hawaii is a no-fault state for auto insurance. You must purchase a no-fault insurance policy to go with your commercial vehicles. This policy will cover you for medical expenses and provide protection no matter who is at fault. You can sue the at-fault party for serious injuries to recover more damages.


What are the Two Types of Limits of Liability Policies?

The two types of liability limits are combined single limits and split limits. Combined single limits take all coverage and allow it to be covered by a single dollar amount. Split limits set different maximum insurance payouts for different coverage. For example, your bodily injury limit may differ from your property damage coverage limit.

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Hawaii Commercial Auto Insurance Cost

Commercial auto insurance in Hawaii is $39 per month or $468 per year. Here’s a table showing the rates of the best companies:

Company Estimated Monthly Cost Estimated Yearly Cost Best for
NEXT $24 $288 Best overall choice of Hawaii commercial auto insurance
The Hartford $29 $348 Commercial auto disappearing deductible
CoverWallet $26 $312 Comparing commercial auto insurance quotes online
Tivly $30 $360 Comparing commercial auto insurance quotes over the phone
Thimble $32 $384 Customer service experience
Hiscox $34 $408 Bundling multiple insurance policies

Compare Cheap Commercial Auto Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

Best Hawaii Commercial Auto Insurance Companies

Before you go, check out reviews of the best Hawaii commercial auto insurance companies. Read on to know their pros, cons, and average cost: 


NEXT Insurance

Pros 

  • Get quotes quickly online

  • Transparent pricing on their policies

  • B+ score from the Better Business Bureau

Cons

  • None

NEXT began with the goal of giving small businesses flexible and instant insurance coverage in 2016. Today they offer affordable and competitive options. Your commercial auto insurance policy can benefit from their policy add-ons and convenient buying process. The company serves over 420,000 business owners. NEXT has A- rating AM Best for its strong financials.

Best for: Best overall choice of Hawaii commercial auto insurance

Average cost:  $24 per month 

Our rating: 10/10


The Hartford Insurance

Pros

  • Underwriting insurance for 200 years

  • Has a mobile app for insurance

  • 100% rating on the Corporate Equality Index

Cons

  • Some customers report difficulty reaching customer service

The Hartford has many excellent options for your commercial auto policy. You can get your vehicles covered with compressive and collision coverage. They also offer personal injury protection that helps you meet requirements for Hawaii auto insurance. The Hartford has an A+ rating from the Better Business Bureau.

Best for: Commercial auto disappearing deductible

Average cost: $29 per month

Our rating: 10/10 


CoverWallet Insurance

Pros

  • Keep track of your policies through their convenient online dashboard

  • Fill out a form or call a representative

  • Choose from multiple partners

Cons

  • Not an insurance company but an insurance broker

CoverWallet is a digital insurance platform that annually insures over ten thousand customers. While on their platform, you can compare quotes and policies from providers like Hiscox, Markel, Progressive, and Chubb. They eliminate the stress from shopping by letting you shop for quotes without buying commitment.

Best for: Comparing commercial auto insurance quotes online

Average cost:  $26 per month 

Our rating: 10/10


Tivly Insurance

Pros

  • 4-second phone answer rate for customers

  • Matches you with the right insurer

  • Over 200 insurance partners to choose from

Cons

  • You need to call to compare quotes

Tivly is an insurance network that offers customers over 200 partners to choose from. They help you bind coverage with partners like The Hartford, Liberty Mutual, and Progressive. Tivly’s partners offer personal injury protection, auto liability, gap insurance, and rental reimbursement options for your commercial auto policy. Call now to compare quotes over the phone. 

Best for: Comparing commercial auto insurance quotes over the phone

Average cost:  $30 per month 

Our rating: 10/10


Thimble Insurance

Pros

  • 4.6/5 customer rating

  • Offers A-rated insurance

  • Excellent customer service

Cons

  • Chat support is only available Monday through Friday

Thimble is a well-established insurance business whose policies are underwritten by other insurers. They offer immediate quotes and approvals online. You can get your Hawaii business vehicles covered within hours. Thimble has an A+ rating from the Better Business Bureau.

Best for: Customer service experience

Average cost: $32 per month 

Our rating: 10/10 


Hiscox Insurance

Pros

  • Discounts for bundling multiple policies

  • Passionate service agents

  • Refund policies within 14 days

Cons

  • Online quoting not available all the time due to periodic site maintenance

Hiscox offers specialized insurance that has the benefit of over 100 years of experience. You can speak with a licensed agent Monday-Friday. They offer protections for hundreds of professions and help tailor the policy to your needs. Hiscox has an A rating from AM Best.

Best for: Bundling multiple insurance policies

Average cost: $34 per month 

Our rating: 10/10 

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