Insurance Myth: Homeschoolers Don't Qualify for a Good Student Discount
Evidence suggests that homeschool students exhibit levels of maturity and responsibility exceeding peers of the same age. Regrettably, the insurance industry has fallen behind others in addressing the unique qualities of homeschoolers.
Iím speculating here, but I believe this is due to the variations in state law and reporting requirements for home schooling. It may be nearly impossible for companies to identify the cream of the crop of this group. Some states need third party verification of a studentís progress or parents must first acquire a teaching certificate before they may homeschool their children. Unlike most other states, Indiana is perhaps the most condusive to empowering parents to educate their own children and the least restrictive in its requirements.
My industryís approach tends to be one-size-fits-all. If a company cannot identify a factor which can be applied to all markets (i.e.,. every state in which they do business), they wonít bother.
It is encouraging to see a change in this trend. Family-friendly, regional companies like Indiana Farmers Mutual are thinking creatively and now reward qualifying homeschool students with the same 10% good student discount their peers in public and private school can obtain.
This is one of benefits of insuring with a regional carrier like Indiana Farmers. Since they only do business in Indiana, they are able to address the specific needs of this market. They are not constrained by the one-size-fits-all standard that many national carriers are faced with.
Congratulations to you Indiana Farmers. It is exciting to see such industry leadership coming from an insurance carrier in Indiana.
About the Author: Dave MacDonald is the webmaster of The Insurance Insider - Confessions of an Insurance Agent, a site which provides infomation about Young Driver Car Insurance.