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Auto Insurance for Teenagers Albert Lea MN

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.

American Family Insurance
(507) 377-7328
1907 East Main Street
Albert Lea, MN
 
Rechtzigel- Gary E - State Farm Insurance Agent
(507) 373-7717
1506 East Main Street
Albert Lea, MN
 
Vanderwaerdt- Nancy
(507) 377-0227
504 Bridge Ave
Albert Lea, MN
 
New Richland Insurance
(507) 465-8111
132 Broadway Avenue North
New Richland, MN
 
Meyer- Gregory L
(507) 433-3489
1110 1st Ave SW
Austin, MN
 
Allstate Insurance Companies
(507) 373-7074
206 West Clark Street
Albert Lea, MN
 
Klatt- David J
(507) 373-2377
106 S Broadway Ave
Albert Lea, MN
 
Dawald- Jc
(641) 324-2141
88 8th St N
Northwood, IA
 
Blue Cross Blue Shield Mike Ruzek
(507) 433-8845
110 1st Avenue Southeast
Austin, MN
 
New York Life Insurance CO
(507) 433-2115
604 8th Street Southwest
Austin, MN
 

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...

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