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Auto Insurance for Teenagers Boone 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.

Farm Bureau Insurance - Sub Office
(828) 262-9638
135 State Farm Road
Boone, NC
 
Nationwide Insurance
(828) 264-8777
379 New Market Boulevard
Boone, NC
 
Blue Ridge Insurance Service Inc
(828) 264-2393
2208 USHighway 421 North Suite 2
Boone, NC
 
M. Andrew Harkins Agency
(828) 265-2639
166 Boone Heights Dr
Boone, NC
 
Kincaid Ins Agency
(828) 264-8732
2348 Hwy 105 P.O. Box 2017
Boone, NC
 
Boone Insurance Agency Inc
(828) 264-8732
2348 Highway 105
Boone, NC
 
McDonough- Andrea M - State Farm Insurance Agent
(828) 264-2744
154 East King Street
Boone, NC
 
Greystone Insurance
(828) 264-2626
1064 Meadowview Dr
Boone, NC
 
Denton Insurance Agency
(828) 264-3991
324 Nc Highway 105 Ext Ste 14
Boone, NC
 
Cardinal Insurance
(828) 898-5445
3591 Tynecastle Hwy
Banner Elk, 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...

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