How much is Flood Insurance in Hawaii?

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How much is Flood Insurance in Hawaii?

The average cost per policy in Hawaii through the NFIP is $679.18. Depending on where you live, this average could vary substantially! Depending on your deductibles, the cost of your home and contents, your premiums can change. The counties in Hawaii are listed below with their average cost per policy through the NFIP.

If you're interested in a quote for a private flood insurance policy to compare costs, we offer a 100% online quote process.

Average Costs through the NFIP

County
Average Cost per Policy
Hawaii County
$817.73
Honolulu City and County
$634.15
Kauai County
$860.02
Maui County
$661.54

*Prices as of March, 2022

Hawaii County includes the following cities: Captain Cook, Hakalau, Hawaii National Park, Hawi, Hilo, Holualoa, Honaunau, Honokaa, Honomu, Kailua Kona, Kamuela, Kapaau, Keaau, Kealakekua, Keauhou, Kurtistown, Laupahoehoe, Mountain View, Naalehu, Ninole, Ocean View, Ookala, Paauilo, Pahala, Pahoa, Papaaloa, Papaikou, Pepeekeo, Volcano, and Waikoloa.

Honolulu City and County includes the following cities: Aiea, Ewa Beach, Fort Shafter, Haleiwa, Hauula, Honolulu, Jbphh, Kaaawa, Kahuku, Kailua, Kaneohe, Kapolei, Kunia, Laie, McBh Kaneohe Bay, Mililani, Pearl City, Schofield Barracks, Wahiawa ,Waialua ,Waianae, Waimanalo and Waipahu.

Kauai County includes the following cities: Anahola, Eleele, Hanalei, Hanamaulu, Hanapepe, Kalaheo, Kapaa, Kaumakani, Kealia, Kekaha, Kilauea, Koloa, Lawai, Lihue, Makaweli, Princeville and Waimea.

Maui County includes the following cities: Haiku, ana, Hoolehua, Kahului, Kaunakakai, Kihei, Kualapuu, Kula, Lahaina, Lanai City, Makawao, Maunaloa,, Paia, Pukalani and Wailuku.

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Our private flood insurance averages are much lower than those shown above! Get a quote online and find out how much we can save you.

Not interested in private flood, or not sure whether you should choose an NFIP policy or a private flood insurance policy? We offer both! Give us a call and we'll answer all of your questions.

Our Prices are Consistently Lower!

How do I get cheap flood insurance in Hawaii?

You may be able to save by getting a quote for private flood insurance instead of going through the NFIP. This is an entirely online process, no need to wait for a callback or an email! Once you've received your quote, compare it to what you'd pay through the NFIP. But don't just compare the costs, check what's covered by the NFIP so that if you try to submit a claim, you're not caught off-guard by what is, and isn't, covered.

 

The cost of a claim can be expensive, most are financially devastated after experiencing a flood if they don't have coverage. The average NFIP claim for flood damage in Hawaii over the past 10 years is $42,300.

Do I need flood insurance in Hawaii?

It's important to have flood coverage in Hawaii because there is so much flooding. Many wait until a flood or hurricane is in the forecast, but we recommend getting flood insurance now so that you can take your time finding a policy that's right for you. Make sure you're covered before disaster strikes!

If you're wondering if you're in a flood zone, or close to one, enter your address on our FEMA Flood Zone map lookup.

Does my homeowner insurance cover flooding?

Homeowner's insurance generally excludes flood coverage. Obtaining a flood insurance policy is typically left up to the homeowner. If you're looking to get a policy, we offer a 100% online process. You can get a quote started here!

How to Get Flood Insurance Without a Flood Elevation Certificate.

Quality flood insurance is available without the added expense and trouble of getting an elevation certificate. FloodPrice can compare the rates for both private flood insurance and the NFIP to make sure you are getting the right coverage for the best price. Check out our quote page now to find out what coverage we can offer.

Risk Rating 2.0 Pricing in Hawaii.

FEMA's flood program through the NFIP has begun using a new pricing methodology, Risk Rating 2.0. This will result in a price change for 96% of policyholders. This will impact nearly all of the 61,400 NFIP policies in force in Hawaii.

New NFIP Policyholders can expect to see these changes October 1st, 2021. If you're an existing policyholder, these rate changes won't affect you until April 1st, 2022.*

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If you already have a policy through the NFIP, be sure to compare the Risk Rating 2.0 price to a Private Flood Insurance quote. You could possibly save hundreds of dollars. The time to start comparing prices on your flood insurance is before your policy is set to renews.

 

The NFIP does not allow mid-term cancellations. This means that once your policy renews, you have no option to cancel it unless you meet very restrictive guidelines, such as the sale of your home. The process can be difficult and frustrating. Here is a link to the guidelines to cancel an NFIP policy mid-term: FEMA Cancellation Form.

What is not covered by the NFIP?

Debris removal, additional living expenses, and belongings located in your basement, aren't covered. You would be required to purchase a secondary policy to cover appurtenant structures, such as a detached garage or shed. Visit their website to see everything that is, or isn't, covered by the NFIP.

If you'd like to be free from these limitations and have more options for coverage, consider getting flood insurance from FloodPrice,

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Need help from a Flood Expert? Call us at 866-503-5663

*78% of NFIP policy holders in Hawaii (48,098 policies) will see an average increase of $0-$120 per year. 5% of policyholders (2,812 policies) will see an increase of $120-$240 per year. 4% of policyholders (2,549 policies) will see an increase of greater than $240 per year.
Source: https://www.fema.gov/sites/default/files/documents/fema_alabama-state-profile_03-2021.pdf

 
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