If you have enough cars (in Canada I think it is ten) you can get fleet insurance which is significantly cheaper. 

Self insurance is very viable if a)you paid cash for the cars (so you don't owe someone else money if it gets destroyed/stolen) and b)the cost of insurance in aggregate would greatly exceed your likely insurance claims.

Remember all insurance (including life insurance) is you betting something will happen and the insurance company betting it won't . Term life insurance is saying "I bet I'm going to die in the next x number of years" You win either way! If you die you were right and they have to give your estate a bunch of money. If you were wrong, well you get to keep living!!smiley


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Past-President, Porsche Club of America - Upper Canada Region