Hawaii Car Insurance
Car insurance is mandatory for Hawaii drivers. Drivers are required to carry an insurance identification card in their vehicles at all times. Without proof of insurance, Hawaii drivers can be ticketed and fined, have to surrender their vehicle registration certification, and vehicle plates to the county director of finance, and may face other penalties.
Hawaiian drivers are required to carry two different types of auto insurance coverage. They must carry liability coverage of at least $20,000 for one person, $40,000 for all parties in an accident for bodily injury damages and at least $10,000 of coverage per occurrence for property damage liability. This amount of coverage may be more simply stated on an auto insurance policy as 20/40/10. The law in Hawaii also requires drivers to purchase Personal Injury Protection (“PIP”) coverage.
PIP is no fault coverage. Hawaii drivers must carry at least $10,000 in PIP coverage. It covers medical expenses for the injured party in an accident. This includes passengers in a vehicle. PIP is the primary form of medical coverage following an auto accident. If the injured party incurs medical bills beyond the PIP limits, they may bill their health insurer for additional expenses. Hawaii drivers should carefully review their auto insurance policy to understand its terms, coverage amounts, and limitations. Purchasing coverage beyond the minimum limits is a wise idea.
Optional Insurance Coverage Types
Other important coverage types in Hawaii include Uninsured/Underinsured Motorist (“UIM”) coverage, collision, comprehensive, wage loss, alternative care (includes other healthcare treatment such as naturopathy, faith healing, and acupuncture), funeral benefits, death benefits, PIP managed care, and PIP deductible.
UIM coverage applies in the event the at–fault driver in the accident is uninsured or does not have enough insurance to pay for the damages sustained by the other drivers or passengers in the accident. For example, if a driver in an accident had 20/40 UIM coverage, he or she would be able make a UIM claim with their auto insurance company and be able to receive up to $20,000 for their own bodily injury damages. Per the UIM policy limits, the insurer would only pay up to $40,000 for all UIM bodily injury claims stemming from the accident.
Collision and Comprehensive Coverage
Collision and comprehensive coverage may not be required by law but many financial institutions require vehicle owners to purchase them as a condition of their loans. They both can be very important in protecting your vehicle’s value and covering repairs in the event of an accident.
Collision pays for vehicle repairs or vehicle replacement value following a collision regardless of fault. Comprehensive coverage pays for all vehicle repair damage or replacement value for incidents other than a collision such as the tree falling on a car or the car being stolen. There are minimum deductible limits for these collision and comprehensive such as $500, but drivers can also raise their deductible amounts to lower their premiums.
Keep Your Insurance Current
It is very important that Hawaii drivers do not allow their auto insurance policies to lapse. Each day, hundreds of Hawaii drivers are involved in car accidents. Besides facing tickets, fines, and the loss of your vehicle, uninsured drivers in Hawaii may be forced to comply with state financial responsibility laws, which require them to purchase expensive SR–22 Insurance. Uninsured or underinsured driver can also be held personally responsible for all damages caused in an accident. Driving without car insurance in Hawaii is extremely unwise and can lead to financial ruin.
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