First Insurance says car rates down 8%
First Insurance Company of Hawaii said it has lowered its rates for auto insurance by an average of 8 percent.
The company said its new lower rates are effective July 1 for new business and Aug. for renewals. First Insurance said it was able to lower the rates because of its strong financial performance and the quality of its customers.
First Insurance Company of Hawaii, Ltd. is the oldest and largest property and casualty insurer based in Hawaii. It is jointly owned by CNA Financial Corp. and Tokio Marine & Nichido Fire Insurance Company Ltd.