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Auto Insurance for Teenagers Grand Forks ND

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.

George E Wogaman Agency Incorporated
(701) 772-7108
2612 Gateway Drive
Grand Forks, ND
 
Allstate Insurance Companies
(701) 746-5410
1425 South Columbia Road
Grand Forks, ND
 
State Farm Insurance Agencies - Peterson Wayne F CLU
(701) 772-5987
2100 South Columbia Road
Grand Forks, ND
 
Kouba- Kevin E
(701) 787-8811
724 N Washington St
Grand Forks, ND
 
GEICO Insurance
(701) 746-4541
2915 S Washington St
Grand Forks, ND
 
Ericson- Vicki J - State Farm Insurance Agent
(701) 772-2279
1521 24th Avenue South Tig Plaza
Grand Forks, ND
 
State Farm Insurance Agencies
(701) 772-5191
1521 24th Avenue South
Grand Forks, ND
 
Opdahl- Sharon L
(701) 746-0495
2534 17th Ave S
Grand Forks, ND
 
Plaza Insurance Agency Inc
(701) 775-3915
1726 South Washington Street
Grand Forks, ND
 
Farmers Insurance
(701) 787-0012
823 Great Plains Court
Grand Forks, ND
 

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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