Back to School Insurance Tips

Although the signs have been hanging in department stores for several weeks now, most people put off back to school shopping and preparation for the best deals. While you wait for those stellar prices to show themselves, it’s a good time to take a second look at your insurance policies. A child’s new grade level, driver’s license or move to college usually presents new insurance needs for your household.

Teen drivers can mean increases to your auto insurance premiums. Remind your child that earning good grades not only sets them up for success, but can also earn you significant savings on your insurance. Some insurance providers also offer discounts for teens who take driving safety courses. If your son or daughter is moving off to college this fall, ask about occasional driver discounts, or whether you should remove them from the policy because they will be using public transportation at College Town. Also remind your child to refrain from using a cell phone whenever they are behind the wheel.

Most college students bring with them far more valuables than generations past. Those cell phones, tablets, laptops and other electronic devices can add up to thousands of dollars of belongings. Most standard homeowner’s insurance policies do extend coverage to items taken with to college dorms, but many have limits. Be sure to check your policy for details.

If your undergrad intends on living off-campus, you should stress the importance of obtaining renters insurance to cover their personal property from theft or damage. Unfortunately, many young renters neglect to insure their belongings and have few savings to rely on when a break-in or fire occurs.

During this review process, you may find considerable gaps in your current insurance policies. This is the perfect time to shop around to compare rates and options with other providers. We can assist you in locating several quotes from a variety of insurance companies, ensuring the policies you choose offer the best coverage at the most affordable rates. Contact us to make the hustle and bustle of back to school a little easier – and less expensive.