In Hawaii average expenditure on auto insurance stood at $774.39. Sale Of annuities insurance reached a record $27.3 billion in 2005. There were 2,700 property/casualty insurance companies in the United States in 2004, compared with 2,749 in 2003.
Types of Insurance Available in Hawaii
Auto Insurance- The state of Hawaii has "no fault" auto insurance. 'No fault' applies to bodily injury. In layman's term that means if you are found to be at fault for damaging an individual's car then your insurance has to pay damages. The converse is also applicable if your vehicle is damaged by another's. Hawaii law sets the minimum levels of liability coverage that motorists must maintain:
- $20,000 per person for bodily injury
- $40,000 per accident for bodily injury
- $10,000 per accident for property damage
- $10,000 personal injury protection (PIP)
Homeowner's insurance: Homeowners policies in Hawaii offer coverage for owner occupied homes, personal properties and liabilities. Dwelling Fire policies also insure owner occupied homes, the building structure and lilted contents of the home too.
Condominium Owners Insurance: In this kind of policy covers the condominium that is owned and occupied by the policy holder and also covers personal assets and liabilities.
Mobile Homeowners: This policy covers mobile homes that are owner occupied and also includes personal properties and liabilities.
Renters Insurance: Covers the tenant's property in a rented home.
Flood Insurance: Insures against damage due to flooding as per the guideline of the National Flood Insurance Program (NFIP).
Life Insurance in Hawaii
The Hawaii Life & Disability Insurance Guaranty Association is a statutory entity created by the Hawaii legislature under the Hawaii Guaranty Association Act. The guaranty association comprises all insurers licensed to sell life insurance, accident and Health Insurance , and individual annuities in the state of Hawaii. If a member insurer becomes insolvent and is ordered to be liquidated by a court, the Guaranty Association Act call for the guaranty association to provide protection (up to the limits spelled out in the Act) to Hawaii residents who are holders of life and Health Insurance policies and individual annuities with the insolvent insurer. Life insurance can be of many kinds:-
Term Life Insurance: It is a policy with a set duration limit on the coverage period.
Whole Life Insurance: It is a policy that covers the contract holder for his or her entire life.
Health Insurance in Hawaii : This kind of policy covers all or a part of an individual's health expenditures. These plans are generally available in two kinds of plans Health Maintenance Organization and Preferred Provider Organization
Workers Compensation Insurance in Hawaii: An insurance program offered by the state of Florida for workers injured on the job and dependents of workers killed on the job.
Travel Insurance in Hawaii: This policy insures against adverse events associated with travel.
Here is a list of Insurance Companies in Hawaii:-
AAA Hawaii
1130 N Nimitz Hwy Rm A170
Honolulu, HI 96817
(808) 550-4650
Aflac
1132 Bishop St Ste 2101
Honolulu, HI 96813
(808) 521-3522
Aflac Benefits by Design
1136 Union Mall
Honolulu, HI 96813
(808) 526-4440
All American Life/Hawaii Inc
1580 Makaloa St Ste 1111
Honolulu, HI 96814
(808) 955-4422
Allstate Insurance
1314 S King St Ste 752
Honolulu, HI 96814
(808) 593-8342
Allstate Insurance
1806 S King St Ste 32
Honolulu, HI 96826
(808) 941-2886
American Mutual Group
1357 Kapiolani Blvd Ste 1000
Honolulu, HI 96814
(808) 522-8650
American Pacific Insurance Company
Honolulu, HI 96813
(808) 545-2454
First Hawaiian Bank
Honolulu, HI 96813
(808) 525-6280
First Hawaiian Insurance
Honolulu, HI 96813
(808) 643-4344
First Hawaiian Insurance Inc
999 Bishop St
Honolulu, HI 96813
(808) 525-6280
Guardian
Honolulu, HI 96813
(808) 553-8445
Hawaiian Insurance & Guaranty Company Limited
1001 Bishop St Ste 500
Honolulu, HI 96813
(808) 536-2777
Metlife Financial Services
1099 Alakea St Ste 1500
Honolulu, HI 96813
(808) 537-5433
National Interstate Insurance
1001 Bishop St Ste 600
Honolulu, HI 96813
(808) 536-3366
Pacific Guardian Life
Honolulu, HI 96813
(808) 942-1212
Pacific Guardian Life
1440 Kapiolani Blvd Ste 1700
Honolulu, HI 96814
(808) 955-2236
Primerica
2828 Paa St
Honolulu, HI 96819
(808) 834-2808
Primerica
3049 Ualena St Ste 101
Honolulu, HI 96819
(808) 833-5880
State Farm
1040 S King St Ste 105
Honolulu, HI 96814
(808) 596-0551
State Farm
1451 S King St
Honolulu, HI 96814
(808) 949-1233
State Farm
2615 S King St Ste 203
Honolulu, HI 96826
(808) 955-2628