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Auto Insurance for Teenagers Oskaloosa 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.

Dixon- Gary L - State Farm Insurance Agent
(641) 672-2160
1000 South 11th Street
Oskaloosa, IA
 
State Farm Insurance - Randy Walston Agent
(641) 673-5395
1002 South 11th Street
Oskaloosa, IA
 
Richards- Pat
(641) 673-0088
309 1st Ave E
Oskaloosa, IA
 
Chapman- James E
(641) 932-7950
3 Benton Ave E
Albia, IA
 
Schiebout- Francis G - State Farm Insurance Agent
(641) 628-2239
713 Franklin Street
Pella, IA
 
Walston- Randall L
(641) 673-4462
301 N 1st St
Oskaloosa, IA
 
Heil Insurance Agency Inc
(641) 673-6143
801 A Avenue East
Oskaloosa, IA
 
State Farm Insurance Office
(641) 932-7612
6677 201st Street
Albia, IA
 
Bussey Insurance Service
(641) 944-5313
404 Merrill Street
Bussey, IA
 
Cook & Son Agency Inc
(641) 628-4904
729 Franklin Street
Pella, 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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