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Teens and Car Insurance - How It Works and How to Get the Best Rates

When teenagers first begin to drive, they quickly discover that auto insurance is and will continue to be a major factor in their driving lives.

First, they discover that it is required by state laws. In most states you cannot buy a car, get tags, or drive a car without at least a minimum level of auto insurance.

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 Car Insurance?

Teens often question the need for car insurance, especially when it is so expensive — and they don't expect to ever be in 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 accident 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.

Continue reading this article or call us at 281-863-9111 for more information on getting an policy for your teen.

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