TDCI shares insurance tips for 2025 Back-to-School Season

NASHVILLE — Going back to school is an exciting and stressful time for students, educators, and parents.

As the school year gets underway across the Volunteer State, the Tennessee Department of Commerce and Insurance ("TDCI") reminds consumers that education doesn't stop in the classroom. TDCI's Division of Insurance offers insurance tips and reminders to help make your back-to-school season go smoothly.

"As the parent of three young children, I know the back-to-school season can be hectic for students, parents, and educators alike," said TDCI Commissioner Carter Lawrence. "During this busy time of year, I want to encourage Tennesseans to take a moment and consider our insurance tips, which I hope might provide greater peace of mind all year long. Individuals who have insurance questions should contact our team for assistance."

Insuring a Teen Driver? Know The Facts If a teenager lives with his or her parents or legal guardians and doesn't own the vehicle, the teen can stay on their parents or guardian's insurance policy.

Review current deductibles to determine if the deductible is affordable, should an individual need to pay it. On older vehicles, consider lowering or eliminating physical damage unless a lienholder, such as a bank, requires it.

To help lower insurance costs, you can increase deductibles and have the teen drive the oldest vehicle to help lower insurance costs. Consult your licensed insurance agent to learn more.

SUVs, convertibles, and sports cars often come with higher insurance premiums.

Several insurance companies offer discounts to students with high grade point averages.

Auto accidents happen. Be prepared!

Unfortunately, sometimes accidents happen. If a driver is involved in an accident, remember the following tips:

If someone is injured, call 9-1-1 immediately to request an ambulance. Make sure an officer comes to file a police report. This helps the insurance company process the claim.

Take pictures of the damage to submit once the individual contacts the auto insurance company to start the claim filing process.

Take the car to an auto shop—either one recommended by the insurer or a shop you prefer.

An adjuster will look at the vehicle to assess the damages.

The auto insurance company will determine how much to give toward repairs or, if a total loss, a new vehicle.

Coverage for College Students College students who are away from home also need to be prepared. Remember:

Students can stay on their parents' health insurance plan until they turn 26 years old.

Find a doctor and health facility in the area that are in-network with the health plan.

Keep auto insurance policies up to date. If the college student will not drive for a year, take them off the policy. If the student will drive, keep them on the policy.

If they have a car, make sure they always keep their auto insurance card with them or on their mobile device.

Homeowners' insurance policies may cover a student's belongings in a dorm or apartment may be covered by his or her parents' homeowners policy. Ask your agent if the policy covers these items.

Talk About Life Insurance As your life and your family changes, you should make sure your life insurance coverage is keeping pace. When it comes to life insurance coverage, we remind consumers to remember the following tips:

Check your policies once a year to make sure that all beneficiaries are included and that the contact information for those listed beneficiaries is correct.

Let your beneficiaries know about the policies. Good communication can save everyone time and reduce confusion in the long run.

Provide beneficiaries or trusted advisors (such as accountants and attorneys) with the name of the life insurance company holding the policy.

Need help locating a loved one's life insurance policy? In 2024, the Life Insurance Policy Locator Service located over $87.67 million in insurance policies and benefits in 2024. Get more details here.

Unfairly Denied an Insurance Claim? If your family experiences a claim denial, claim delay, or settlement disagreement, you can always file a complaint with our team. TDCI's Consumer Insurance Services team serves to mediate claims between policyholders and insurers. If you have questions about consumer insurance, visit our website at www.tn.gov/commerce/insurance-division.html or contact us at 1-800-342-4029 or 615-741-2218.