Hawaii Insurance Online – Waipahu and Aiea Car Insurance, Pearl City Car Insurance – Auto Insurance, Car Insurance

Hawaii auto insurance rates seventh lowest

A recent Honolulu Star Advertiser article places Hawaii as the seventh lowest state for auto insurance rates.  Massachussetts had the lowest rates and Louisiana had the highest rates.  The article gave some good insight on why Hawaii rates were low.  This has not always been the case.  In the early 1990’s, Hawaii had some of the highest rates in the nation.

Check out the Star Advertiser article for details. 

http://www.staradvertiser.com/business/20100617_Isle_car_insurance_pri ces_seventh_lowest.html

The Blue Box

You’re probably familiar with the black box.  Airplanes have a black box installed to collect valuable information in case the airplane crashes.  But have you heard of the blue box?  Auto insurance companies have started using blue boxes to track their customers’ driving habits.

The blue box plugs into the on-board diagnostic port of a car, and then wirelessly sends data to the driver’s insurance company.  The box can track vehicle speed, distance driven, how often the brakes are used and the time of day the vehicle is used.  Insurance companies can use the data to provide discounts to drivers who drive safely.

Currently, the blue box is being used in 19 states.  Hawaii is not one of these states.  What do you think?  If it was available to you, would you use the blue box?  Or, is it too much of a “big brother” watching over you?

Tsunami

Last weekend, we experienced a tsunami warning in Hawaii.  The 8.8 magnitude earthquake in Chile was the cause of the warning.  The whole state of Hawaii went through the drill.  Some people stocked up on gas, groceries and water.  Others moved to higher ground to avoid the potential waves.

All in all, I thought everyone handled the situation well.  From the newsrooms to the tsunami warning center to the people of Hawaii, everyone stayed calm and informed.  I heeded the advice to stay home and prevent potential traffic jams.  I think it was extremely fortunate that the warning was on Saturday.  If I remember correctly, the last tsunami warning was on a weekday, and the traffic was horrendous.

The actual tsunami turned out to be nothing more than a 1-2 foot surge.  But what if a larger tsunami hit the islands?  Would your homeowner’s insurance policy cover losses from a tsunami?  Unfortunately, like earthquake losses, you would need to get separate coverage to cover flood (tsunami) losses.  Flood coverage is provided through the federal government under the National Flood Insurance Program.  Like earthquake insurance, flood insurance is very expensive.  For the most part, only homes close to the shoreline or close to a water source (river, stream or lake) are required to purchase flood insurance.

If you have any questions about flood insurance, feel free to ask me.

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Hawaii Insurance Online – Waipahu and Aiea Car Insurance, Pearl City Car Insurance – Auto Insurance, Car Insurance
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