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Auto Insurance for Teenagers Salem MA

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
225 Franklin St
Boston, MA
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Barry S Logue Insurance Agency
(978) 922-2310
7A Dodge Street
Beverly, MA
 
Herschede Insurance Agency
(978) 750-1837
2 McDewell Avenue
Danvers, MA
 
Liberty Mutual Group - Personal Claims
(978) 774-0300
222 Rosewood Drive
Danvers, MA
 
Columbia Insurance Agency Inc
(781) 598-5000
1 Munroe Street
Lynn, MA
 
Knight Thos B & Co Ins Agcy Inc
(978) 744-6500
27 Congress St
Salem, MA
 
Thomas St Jean Insurance
(978) 531-8053
106 Lynn Street
Peabody, MA
 
William J Lynch Insurance Agency- Inc.
(978) 750-0044
44 Maple Street Suite 2
Danvers, MA
 
MB Modugno Insurance Agency
(781) 595-6758
38 Brookline St
Lynn, MA
 
Circle Insurance Agency Inc
(978) 777-7030
247 Newbury Street
Danvers, MA
 

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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