#CollectorCarInsurance

James writes:

Are there any good insurance options for old, low-value non-collector cars? I’m going to have a pretty good handful of antique-plated vehicles in the next few years, and it seems silly to have regular insurance for stuff that might get driven once or twice a month, but “collector” car insurance is geared towards show-winner ’65 Mustangs and such.

Fabio writes:

Hi Sajeev,

I have been asked by an uncle if I would like to his 91 Mercedes 300E (he has supplied all of his children and is now moving to the extended family). It has 230K km (140K miles) and looks to be in pretty good condition. He’s mentioned that it has been very reliable. The purchase price would be negligible and the insurance is reasonable. One of my concerns is that I would be using the car as my daily driver (it would be replacing my current 99 Grand Am (170K miles) and I wanted to get another take on that – is it reasonable, or is it not a good idea.

I’ve read a bit up on that vehicle and it seems to have a decent reputation for longevity (with the required maintenance). I was hoping if you could provide some insight as to whether this seems like a feasible idea, or would I just be better off sticking with the Grand Am.