Commercial Auto Insurance Minimum Requirements in Hawaii

Determine the Required Amount of Coverage

When you contact an insurance company to discuss what sort of coverage you need, they will ask you:

• Who owns the vehicle(s)

• Weight of the vehicle(s)

• Usage of the vehicle(s)

• Liability limits requirements

The minimum requirements for commercial vehicles are the same as for private:

• $20,000/40,000 Bodily Injury Liability

• $10,000 Personal Injury Protection

• $10,000 Property Damage Liability

• $20,000/40,000 Underinsured Motorist (optional)

• $20,000/40,000 Uninsured Motorist (optional)

If you own a business, you will likely need more than the minimum; otherwise, an accident that costs more than your insurance covers could result in you losing your assets.

For example, let’s say your employee ran the company truck through the window of a coffee house, causing $50,000 in damages. If you only have $10,000 worth of coverage, then you will have to pay the other $40,000 out of pocket. And if you don’t have the money, the other party could sue you.

Remember, insurance agents and your local officials can help you determine how much commercial coverage you need.

Purchase a Commercial Policy

Like for most other items, shopping around for a commercial insurance policy can pay off. Get more than one quote and compare what the insurance providers say about how much coverage you need and the costs.

Proof of Insurance and Financial Responsibility

You must carry with you a valid Hawaii auto insurance card to prove that you have insurance. Show this card if you ever get pulled over in a traffic stop, or if you’re in an accident.

Penalties for Failure to Maintain Financial Responsibility

Driving with no proof of insurance can result in fines from $100 to $5,000, depending on the courts. If you forgot to take your insurance card with you but were insured, the fine may be waived. The courts may also choose to give you community service instead of fines.

Driving without any insurance will result in the license of the driver or the vehicle’s registered owner being suspended from three months to a year. A non-refundable six-month insurance policy will also have to be purchased.

Repeat offenses can result in jail time, vehicle impoundment, and registration suspension.