Buying Quote by Andrew Tobias
“The larger the deductible you choose, the less insurance you are buying. Insurers want to sell insurance.”
About This Quote
Source Book: The Only Investment Guide You’ll Ever Need, 1978
Higher deductibles mean you pay less premium, but you assume more risk.
In simple terms: More deductible, less coverage.
Key Takeaway
Balance cost against risk.
Themes
finance
insurance
risk management
Mood
analytical
practical
Type
advisory
educational
When to use this quote
- personal budgeting
- health insurance selection
- auto insurance
- business liability
Key Concepts
premium pricing
risk transfer
Questions to Reflect On
- Are you comfortable with higher out‑of‑pocket costs?
- How does your risk tolerance affect deductible choice?
A Different Perspective
Low coverage may leave you exposed to large losses.
