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Auto Insurance for Teenagers Bay City MI

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
3085 Bay RD Ste 9
Saginaw, MI
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Boon- Lawrence J - State Farm Insurance Agent
(989) 895-5536
815 Columbus Avenue
Bay City, MI
 
PERO Agency
(989) 892-4801
200 South Madison Avenue
Bay City, MI
 
Nationwide Insurance & Financial Services
(989) 892-4801
200 South Madison Avenue
Bay City, MI
 
Farm Bureau Membership Bay County
(989) 684-2772
2450 Midland Road
Bay City, MI
 
Jezak- Kerry S - State Farm Insurance Agent
(989) 895-5570
2307 Kosciuszko Avenue
Bay City, MI
 
Farmers Insurance District Office
(989) 892-6867
1345 North Johnson Street Suite 102
Bay City, MI
 
Drzewicki- John J - State Farm Insurance Agent
(989) 893-3553
1104 South Madison Avenue
Bay City, MI
 
Duncan- Duffield S
(989) 686-8680
3583 Wilder Rd
Bay City, MI
 
Clemons- Allen W - State Farm Insurance Agent
(989) 893-6586
1411 Woodside Avenue
Essexville, MI
 

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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