Auto Leasing Guide
Go to LeaseGuide.com now !

Auto Insurance for Teenagers Albemarle NC

If you were financially wealthy and didn't care about the risk of losing a substantial portion of your wealth, you could self-insure. That is, you would use your own money to pay for damage repairs, a replacement vehicle if your current vehicle is stolen or destroyed, towing and storage charges, rental car charges, medical bills associated with an accident, lawsuits by other parties when you are at fault in an accident that causes damages, injuries, or death, as well as attorney fees, and property damages.

Allstate Auto Insurance
(888) 355-7971
613 US Highway 52 N
Albemarle, NC
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Auto Insurance
(888) 355-7971
217 Main St W
Locust, NC
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Advantage Insurance Inc
(704) 982-8211
146 East Main Street
Albemarle, NC
 
Albemarle Insurance Agency
(704) 983-1161
PO Box 370
Albemarle, NC
 
Allstate Insurance Companies-Stanly
(704) 888-0174
Main Street
Albemarle, NC
 
Allstate Auto Insurance
(888) 355-7971
2218 E Main St
Albemarle, NC
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

North Carolina Farm Bureau Insurance Company
(704) 982-0113
1211 West Nc 24-27 Bypass
Albemarle, NC
 
DRYE Insurance Agency Inc
(704) 983-1131
202 South 1st Street
Albemarle, NC
 
Nationwide Insurance
(704) 983-3216
320 North 2nd Street
Albemarle, NC
 
Nationwide Insurance CO - Agent
(704) 983-3216
320 North 2nd Street
Albemarle, NC
 

Auto Insurance for Teenagers

Second, they discover that insurance is expensive, especially for teenagers, and especially for male teenagers under 18 years old.

Third, teens often don't understand why insurance is important and why it is needed, and why it is smart to have it.

Why do I need insurance?
Teens often question the need for insurance, especially when it is so expensive — and they don't expect to ever be an accident anyway. Let's ask this question a slightly different way. Under what conditions would you not need auto insurance?

If you were financially wealthy and didn't care about the risk of losing a substantial portion of your wealth, you could self-insure. That is, you would use your own money to pay for damage repairs, a replacement vehicle if your current vehicle is stolen or destroyed, towing and storage charges, rental car charges, medical bills associated with an accident, lawsuits by other parties when you are at fault in an accident that causes damages, injuries, or death, as well as attorney fees, and property damages.

However, those who might be able to self-insure don't for two reasons. First, the cost of auto insurance is relatively small compared to the potential financial losses associated with self-insurance. Why risk losing thousands or millions of dollars in an at-fault lawsuit? Second, states have laws requiring liability insurance as a way of proving financial responsibility. Although a bank full of cash might seem to accomplis...

Click here to read the rest of this article from Lease Guide