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Auto Insurance for Teenagers Mason City IA

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 - Brian Randall
(641) 316-3164
471 S Illinois Ave.
Mason City, IA
Description
Safe Drivers Save 45% or More. Call Your Local Allstate Agent Today. Quick and Easy!

Vacek- Kenneth A
(641) 421-7424
595 S Illinois Ave
Mason City, IA
 
Marquis- Kristy L - State Farm Insurance Agent
(641) 423-7930
634 South Monroe Avenue
Mason City, IA
 
Thomas- Clinton M
(641) 423-7924
2790 4th St SW
Mason City, IA
 
Miller- Garry L - State Farm Insurance Agent
(641) 357-8292
220 US Highway 18 West
Clear Lake, IA
 
Corcoran & Associates Inc
(641) 494-1814
15 1st Street Northeast
Mason City, IA
 
Kelly- Richard D
(641) 423-5620
525 S Washington Ave
Mason City, IA
 
Farmers Insurance Group Rob Adams Agency
(641) 424-1230
202 1st Street Southeast Suite 204
Mason City, IA
 
Haines Insurance Inc
(641) 423-9000
408 South Monroe Avenue
Mason City, IA
 
American Family Insurance - Joel Secory Insurance
(641) 357-8168
Po Box 152
Clear Lake, IA
 

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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