Back-to-School Insurance Tips from Kansas Commissioner Vicki Schmidt

As the new academic year kicks off, Kansas Insurance Commissioner Vicki Schmidt urges families to revisit their insurance policies to ensure they are adequately protected.

This annual review serves as a critical opportunity to identify coverage gaps and make necessary updates, especially as families face changes such as new drivers or college students moving into dorms. These shifts can impact the coverage needed and highlight potential gaps that may not align with current circumstances.

Review and Adjust Coverage

Commissioner Schmidt emphasizes the significance of these evaluations, suggesting a thorough examination of current policies to detect significant life changes that could necessitate adjustments, such as acquiring new vehicles or moving into shared college accommodations. Engaging with insurance agents can provide clarity on these matters, helping families to explore and obtain available coverage options.

Eligibility for Discounts

Families should also explore possible discounts that can reduce their premiums. For students, maintaining good academic performance can lead to valuable savings through good student discounts. It is advisable for students to update their auto insurance agents with academic achievements each semester to ensure these benefits apply. Additionally, personal changes like improved driving records, shift in student status, or adding safety features to vehicles can unlock further discounts.

“Back-to-school savings aren’t just for school supplies. Review your policies, check with your insurance agent to make sure your coverage is sufficient, and that you are taking advantage of any eligible discounts.”

Practical Steps for Families

Kansas insurance authorities recommend practical steps to effectively adjust coverage and maximize savings:

• Review policies annually and identify potential gaps.
• Consult with an insurance agent to verify current coverage.
• Explore additional savings options, such as good student discounts.
• Compare different insurers to evaluate the best terms and discounts available.

By implementing these strategies, families can better protect themselves financially while making the most of available savings. For further guidance, visiting the Kansas Department of Insurance website or contacting their office can provide additional insights and assistance.