Hawaii High Risk Auto Insurance
Those seeking insurance coverage for their automobile in Hawaii have relatively limited choices of providers. Only 41 insurance companies are registered and licensed in the state of Hawaii. Among them are companies like Amex Assurance, Federal, Hawaiian Insurance and Guaranty, Metropolitan, and State Farm. Each is set up with its own rate schedule for premiums.
Hawaii Minimum Coverage Requirements
Hawaii state law contains a minimum liability insurance coverage that motorists are required to have on their vehicles. This coverage level is set at a minimum of $20,000 per person to $40,000 per accident personal injury liability. Property Damage liability coverage of $10,000 must be maintained. In addition, PIP (Personal Injury Protection) coverage is required in the amount of at least $10,000.
No Fault Means Insurance Pays Regardless
Hawaii is a no fault state in terms of accidents. This means that each party's insurance will pay for personal injuries and property damage up to certain limits regardless of who is at fault in an accident. There are also some limits placed on one's right to sue under the no fault system, even when the responsible party is identified.
Proof of Insurance Enforced by Fines and Stiff Penalties
Drivers in Hawaii are required to carry an insurance identification card in their vehicle at all times. These cards are issued by the insurance company and contain information about the vehicle insured, coverage on the policy, effective dates, and the name of the policy holder. Failure to show this ID card in the event of a traffic stop will result in an additional fine. If the individual is unable to produce proof of effective insurance coverage at the time of the stop by the court date on the ticket, he will be charged as having no insurance. The penalties are quite stiff for failure to carry minimum insurance.
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