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Auto Insurance for Teenagers Los Lunas 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
2424 Main St NE
Los Lunas, NM
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Jaramillo- Jerry R - State Farm Insurance Agent
(505) 865-4681
3459 Highway 47
Los Lunas, NM
 
Carbajal- Richard A - State Farm Insurance Agent
(505) 864-7474
614 Becker Avenue
Belen, NM
 
BACA Motors
(505) 864-4409
Po Box 1149
Belen, NM
 
Ron Pino Ins Agcy Inc - State Farm Insurance Agent
(505) 877-1391
3211 Coors Boulevard Southwest Ste 12
Albuquerque, NM
 
SAIZ Gerard Insurance Agency
(505) 865-6422
400 Main Street Northwest
Los Lunas, NM
 
Allstate Insurance Companies
(505) 865-3638
2424 Main Street Northeast
Los Lunas, NM
 
New York Life Insurance CO Gloria Perea-Agent
(505) 861-5590
101 South Main Street
Belen, NM
 
Dolores J Reese Insurance
(505) 864-1422
415 W Reinken Avenue
Belen, NM
 
Garcia- Amy S
(505) 831-3725
1715 57th St Nw
Albuquerque, 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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