Why are car rental so expensive in Hawaii right now?
Why are car rental so expensive in Hawaii right now?
While Hawaii car rentals have always been in demand, they’re especially expensive now. That’s because demand is outstripping supply now that more tourists are flocking back to its islands. The Hawaii Tourism Authority has noted that the supply of rental cars has dropped more than 40% during the pandemic.
Is there a problem renting cars in Hawaii?
The Hawaii Tourism Authority said the state’s rental-car fleet decreased by more than 40% during the pandemic and currently advises tourists to secure a car reservation before making other travel arrangements.
Why are rental cars so hard to find right now?
“Now, with travel surging, rental agencies are finding themselves with far fewer cars available to rent. To make matters worse, the current semiconductor chip shortage means it’s taking longer for agencies to find new cars to replenish their fleets. That shortage means higher rental prices this summer.”
Why does Hawaii have a rental car shortage?
One big reason for this is a shortage of semiconductors holding back new car production. Also, car rental companies can’t easily move inventory between nearby cities or states to cure a shortage in Hawaii.
Why are car insurance rates so low in Hawaii?
Car insurance rates are based partly on the risk of getting into an accident. In 2019, there were only 102 fatal traffic accidents in Hawaii, resulting in 108 deaths. Although the small size of the state likely impacts these numbers, it is possible that the low incidence of serious accidents contributes to the low auto insurance rates.
Do you need car insurance to go to Hawaii?
With over 943,000 licensed drivers and 10 million tourists in 2019, the winding highways of Hawaii are crowded. Like most states, Hawaii maintains minimum car insurance laws. If you live in the Aloha State, you must carry car insurance coverage.
Which is the cheapest state for car insurance?
Hawaii is one of the cheapest states for auto insurance, with drivers spending an average of just 1. 28% of their household income on auto insurance. The average cost of car insurance in Hawaii is $1,127 per year for full coverage and $345 per year for minimum coverage.
