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The Honolulu Advertiser
Updated at 12:43 p.m., Wednesday, February 4, 2009

Geico says it is cutting Hawaii auto insurance rates by 6%

Advertiser Staff

Geico, the largest Hawai'i auto insurer,will reduce its automobile insurance rates for Hawai'i by an average of 6 percent starting with new policies in February and current policies that renew after March 16.

Geico insures more than 125,000 policyholders in the state. It said individual premiums will vary depending on vehicles, driving record and island.

Last July State Farm Mutual Automobile Insurance Co., the No. 2 Hawai'i auto insurer, lowered its rates by an average 5.4 percent. It has cut auto rates six times in seven years.