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Joseph M. Ghabour & Associates LLC

Auto Insurance | How and Why to Buy


As frustrating and inconvenient as buying auto insurance may seem, remember this simple truth:

One only experiences the real value of it when we need it - after an accident. It is during this difficult time, that the need for auto insurance becomes abundantly clear. 

Thankfully, by law, you must own it if you own a vehicle. But it needn’t be a burden if you adequately prepare yourself before you buy.

Determine how much coverage you want and need.

Take into consideration:

  • Your Income:​​​

If you get injured and are unable to work, will your insurance help sufficiently replace your income?

  • Your Expenses:​​​

Will your insurance cover expenses that are directly affected by your injuries? For how long? Take a look at your budget to determine how much insurance you’ll need to cover yourself in the event of an injury.

  • Your Profession:​​​

Are you a surgeon? What if your injuries cost you the use of your hands?  As you recover and discover a new profession, how will you make ends meet?

Do your homework.

Assess your risks:

Once you determine how much coverage you need…

  • Compare companies, products and coverage

  • Take your needs, X coverage and Y limits, and compare apples-to-apples offerings from several insurance companies.

  • Understand each company will rate you differently, so anticipate a noticeable difference in prices. Shop around. Ask questions.

Know this: Insurance is NOT a product. It is a CONTRACT.

You agree to pay the premium and the insurance company agrees to cover you, according to established terms.

Read those terms. Make sure you know what you're getting before you sign.

Keep this in mind: Cheaper isn’t always better!

If an insurance company offers a policy that is far cheaper than those of its competitors, there’s probably a reason: more holes. Of course, that doesn’t mean that there aren’t good deals out there. It simply means that seeking the best value requires that we balance both the prices and the specific terms of the policies we consider. More often than not, you get what you pay for.

Did you know there are things you can do to lower your premium? 

  • Take Defensive Driving Courses, which can lower your costs by up to 10%

  • Batch your insurance! If you own a home, consider packaging your auto and home insurance with the same company, for a bulk discount.


Remember why you need this insurance. It shouldn’t be a burden. It’s protection. But prepare yourself before you buy!

Know your needs. Do your research. Ask questions. Use discretion. Spend wisely. Drive safely.

Still confused about auto insurance? Contact us for help on understanding your insurance needs and coverage.

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