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Auto Insurance for Teenagers Forest City 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.

Allstate Auto Insurance
(888) 355-7971
114 E Dixon Blvd
Shelby, NC
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

A Plus Associates Insurance Inc
(828) 245-3937
179 West Main Street
Forest City, NC
 
Adams- Al
(828) 245-1260
540 Oak St
Forest City, NC
 
Insurance Marketing
(828) 245-4236
568 West Main Street
Forest City, NC
 
Myers Insurance Agency
(828) 287-8802
509 East Main Street
Spindale, NC
 
Nationwide Insurance CO - Agents
(828) 247-0003
968 South Broadway Street
Forest City, NC
 
Adams AL Insurance
(828) 245-1260
540 Oak Street
Forest City, NC
 
Alan G. Shuford Agency
(828) 248-9793
671 Oak St
Forest City, NC
 
Nationwide Insurance & Financial Services
(828) 247-0003
968 South Broadway Street
Forest City, NC
 
Metropolitan Life Insurance CO
(828) 482-7378
407 North Lafayette Street
Rutherfordton, 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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