I'm speculating here, but I believe this is due to the variations in state law and reporting requirements for homeschooling. It may be difficult for insurance companies to identify the cream of the crop of this classification. Some states require third party verification of a student's progress or parents must first buy 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 industry's approach tends to be one-size-fits-all. If a company cannot identify a factor that can be applied to all markets (i.e.,. every state in which they do business), they won't bother.

It is exciting to see a change in this trend. Family-friendly, regional insurance companies such as Indiana Farmers Mutual are thinking creatively and now reward qualifying homeschool students with the same 10% good student minimize their peers in public and private school can get.

This is one of benefits of insuring with a regional insurance company like Indiana Farmers. Because they only do business in Indiana, they are able to address the primary needs of this market. They are not constrained by the one-size-fits-all standard that many national insurers are faced with.

Kudos to you Indiana Farmers. It is rewarding to see such industry leadership coming from an insurance company in Indiana.

About the Author

Dave MacDonald is the webmaster of Confessions of an Insurance Agent, a site which provides infomation about Insurance for Students.