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Auto Insurance for Teenagers New London CT

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
28 Eastern Point Rd
Groton, CT
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Auto Insurance
(888) 355-7971
136 Hunters Rd
Norwich, CT
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Auto Insurance
(888) 355-7971
251 Main St
Old Saybrook, CT
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Insurance - Paul Skaling
(860) 442-7579
377 Colman St
New London, CT
 
Clarke Family Assurance Inc
(860) 443-5351
9 Jay Street
New London, CT
 
Allstate Auto Insurance
(888) 355-7971
647 W Main St
Norwich, CT
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Auto Insurance
(888) 355-7971
1 Lathrop Ave
Norwich, CT
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Wagner- Christine - State Farm Insurance Agent
(860) 444-8011
239 Bank Street Rear
New London, CT
 
MetLife Financial Services
(860) 443-0266
3 Shaws Cove
New London, CT
 
Nine Jay Street Auto Insurance
(860) 443-5351
9 Jay Street
New London, CT
 

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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