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The larger the deductible you choose, the less insurance you are buying. Insurers want to sell insurance.

Andrew Tobias

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Andrew Tobias
Age: 77
Born: 1947
Born: April 20
Journalist
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More quotes by Andrew Tobias

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But successful investors tend to be not too self-destructive. They tend to be patient, they tend not to follow the crowd, and they tend not to be too guilty about winning.
Andrew Tobias
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Rule of thumb: The more trimmings an insurance plan has and the harder someone is pitching it, the faster you should run.
Andrew Tobias
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There's no question young drivers have far more accidents than older ones - but is it our aim to keep them off the roads? Or to allow only rich young people (who can afford the premiums) to drive?
Andrew Tobias
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The life insurance industry is filled with good people who believe in their work and their companies, but who may never have challenged the assumptions underlying their efforts.
Andrew Tobias
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I think a lot of people would rather have more control over their life than less.
Andrew Tobias
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The life insurance policies advertised on the radio with the line You cannot be turned down for this coverage! are actually saying, For policies this small, it would cost us more to decide whom to turn down than simply to accept everybody - and make them pay through the nose.
Andrew Tobias
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No wonder lawyers, who control the legal system, have fought so hard, and with great success, against no fault insurance. No fault, no lawsuits. No lawsuits, no lunch.
Andrew Tobias
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One of the advantages of the book's having been out there for more than a quarter century is that there's been time for people to report back on what it's done for them.
Andrew Tobias
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Still, most people don't have much money. So finding ways to come out a couple of thousand dollars ahead every year still matters.
Andrew Tobias
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Life insurance is a commodity.
Andrew Tobias
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What kind of bank gives back 65 percent-often less-of what you deposit? Indeed, when you compare the services of a bank and an insurance company, common sense suggests something is out of whack.
Andrew Tobias
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Hay fever suffers tend to be above average in intelligence.
Andrew Tobias
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There's no such thing as altruism.
Andrew Tobias
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People don't need to find reasons to justify their not giving. What they need to find is the inspiration to give. And those who don't, but could afford to, are missing out on one of wealth's greatest luxuries.
Andrew Tobias
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Now listen. You can't fool all the people all the time-- but I want you to try.
Andrew Tobias
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The best thing I have are 5 percent bonds from 1780, denominated from $1 to $20. As far as I can tell, they are obligations from the United States of America, so I should be able to walk down to the Federal Reserve and redeem the uncanceled ones. With 217 years of accrued interest, for a $20 bond, that's about $800,000.
Andrew Tobias
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Man's natural life span, 75 to 90 years or so, has not increased. It is the number of us who manage to attain it that has increased.
Andrew Tobias
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The first life insurance societies where formed in England in the years between 1692 and 1720. In America, life insurance became available to the clergy through the Presbyterian Ministers Fund, founded in 1759 (still in existence), and the Episcopal Corporation, founded ten years later (subsequently merged).
Andrew Tobias
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There are only two things as complicated as insurance accounting and I have no idea what they are.
Andrew Tobias
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You want 21 percent risk free? Pay off your credit cards.
Andrew Tobias