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Auto Insurance for Teenagers London KY

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.

New York Life
(606) 862-6577
401 South Broad Street
London, KY
 
Phelps- Judy T - State Farm Insurance Agent
(606) 864-4703
715 South Main Street
London, KY
 
Shelter Insurance
(606) 864-0997
1789 North Main Street
London, KY
 
Dell Sams Insurance
(606) 528-8120
109 North Commonwealth Avenue
Corbin, KY
 
Allstate Insurance Companies
(606) 528-4933
314 North Main Street
Corbin, KY
 
McDonald Ins Agcy Inc - State Farm Insurance Agent
(606) 877-3390
809 West 5th Street
London, KY
 
Allstate Insurance Companies
(606) 864-0997
1789 North Main Street
London, KY
 
Patton-Chestnut-Binder Insurance Agency
(606) 864-5171
625 South Main Street
London, KY
 
Mike Sparks Ins Agency Inc
(606) 523-1119
1121 S Main St
Corbin, KY
 
Corbin Insurance Agency
(606) 528-5151
100 North Kentucky Avenue
Corbin, KY
 

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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