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Auto Insurance for Teenagers Pikeville 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.

Chrisman Insurance Agency Inc
(606) 437-4086
157 Main Street
Pikeville, KY
 
Jennifer C Reynolds Ins Ag Inc - State Farm Insurance Agent
(606) 432-5230
513 North Mayo Trail
Pikeville, KY
 
Johnson-Newsom Agency Inc
(606) 754-8111
165 Main Street
Elkhorn City, KY
 
Olive- Louie
(304) 235-1990
117 E 3rd Ave
Williamson, WV
 
Doyle Sam Insurance
(606) 886-8000
291 North Lake Drive
Prestonsburg, KY
 
Stevens Insurance Agency
(606) 432-7600
557 Hambley Boulevard
Pikeville, KY
 
Maynard Insurance Agency
(606) 478-9500
USHighway 23
Harold, KY
 
State Farm Insurance
(606) 886-8000
291 North Lake Drive
Prestonsburg, KY
 
Allstate Insurance Companies
(304) 235-1809
1802 West 3rd Avenue
Williamson, WV
 
Slater- C Michael - State Farm Insurance Agent
(304) 235-3290
22 West 2nd Avenue
Williamson, WV
 

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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