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Auto Insurance for Teenagers Farmington NM

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
216 N 1st St
Farmington, NM
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Jack- Nathan LeGrand - State Farm Insurance Agent
(505) 327-7771
623 West Broadway
Farmington, NM
 
Wilson- Kent D - State Farm Insurance Agent
(505) 327-6117
4251 East Main Street Ste G
Farmington, NM
 
Sebastian- Christopher Mark
(505) 326-6200
2600 Farmington Ave
Farmington, NM
 
Sheppeck- Shelley Lynn
(505) 327-0447
800 E 30th St Ste G
Farmington, NM
 
Allstate Auto Insurance
(888) 355-7971
216 N 1St St
Bloomfield, NM
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

New York Life Insurance CO
(505) 325-0060
1607 East 20th Street Suite A
Farmington, NM
 
Allstate Insurance-Ramos Agency
(505) 327-9667
2400 E 20th St
Farmington, NM
 
Cross Ii- Richard R
(505) 327-6016
2017A E 20th St
Farmington, NM
 
New York Life Insurance Company - Guffey Lyle
(505) 326-5064
3001 Northridge Drive Suite C
Farmington, NM
 

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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