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Auto Insurance for Teenagers Auburn AL

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.

McGhee- Larry N
(334) 821-3793
818 E Glenn Ave
Auburn, AL
 
Powell- Sara Kathryn - State Farm Insurance Agent
(334) 501-8245
2408 East University Drive Ste 104
Auburn, AL
 
Jones Tim Insurance
(334) 826-6888
124 North Dean Road
Auburn, AL
 
Alfa Insurance - Opelika
(334) 749-3371
709 2nd Avenue
Opelika, AL
 
Layson James B Insurance
(334) 741-0573
1451 Gateway Drive
Opelika, AL
 
Clowdus- Phillip W - State Farm Insurance Agent
(334) 887-8541
1141 Opelika Road
Auburn, AL
 
Jenkins Frank W Jr Insurance
(334) 821-8541
1141 Opelika Road
Auburn, AL
 
University Agency Inc
(334) 887-6569
611 East Glenn Avenue Suite B
Auburn, AL
 
White- John William
(334) 749-8319
401 S 8th St
Opelika, AL
 
Sheehan Rusty
(334) 745-6303
907 2nd Avenue
Opelika, AL
 

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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