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Auto Insurance for Teenagers Somerset 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.

Davis & Associates Commercial Insurance Service
(606) 676-9797
111 West Highway 80 Suite D
Somerset, KY
 
Sams Insurance Agency
(606) 679-4488
203 E Mt Vernon
Somerset, KY
 
Pitman- John B
(606) 678-5929
430 Ogden St
Somerset, KY
 
Runyon- David H - State Farm Insurance Agent
(606) 676-0000
1406 South Highway 27 Ste B
Somerset, KY
 
Allstate Auto Insurance
(888) 355-7971
325 N 4th St
Paducah, KY
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Insurance Companies
(606) 679-4488
203 East Mount Vernon Street
Somerset, KY
 
Harold Isaacs
(606) 679-1130
450 S Highway 27
Somerset, KY
 
Moss- Donald W
(606) 679-2403
203 N Main St
Somerset, KY
 
Stewart- Phillip K - State Farm Insurance Agent
(606) 678-4056
1056 South Highway 27 Ste 8
Somerset, KY
 
Allstate Auto Insurance
(888) 355-7971
2001 Alverson Dr
Paris, KY
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

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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