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Auto Insurance for Teenagers Rutland VT

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.

Rabideau Agency
(802) 775-1628
40 Woodstock Ave
Rutland, VT
 
Donald E. Steere Agency
(802) 775-2746
607 U S Route 4 East
Rutland, VT
 
Decandio- Kenneth
(802) 747-7975
56 Allen St
Rutland, VT
 
Ernest C Soto Ins Agcy Inc - State Farm Insurance Agent
(802) 747-7283
82 Woodstock Avenue
Rutland, VT
 
Mid Vermont Ins Agcy Inc
(802) 287-2324
74 Depot St
Poultney, VT
 
Ross Insurance and Company
(802) 775-4477
191 Pearl Street
Rutland, VT
 
Allstate Insurance Companies
(802) 775-1609
240 South Main Street
Rutland, VT
 
Egan & Nelson Agency
(802) 773-0368
24 1/2 Center Street
Rutland, VT
 
Poulos Insurance Inc
(802) 287-2324
74 Depot St
Poultney, VT
 
Hanford R. Davis Agency
(802) 247-3013
24 Park St
Brandon, VT
 

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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