The Saleen Forums at soec.org header image

Go Back   The Saleen Forums at soec.org > Saleen Mustang Discussions > 2005-2009 Saleen Mustang
Register FAQ Members List Calendar Mark Forums Read

2005-2009 Saleen Mustang For all S281, S302, H281 and H302 models based on the Ford S-197 Mustang platform, with the exception of the S302 PJ (see below). Be sure to specify year, model and equipment if asking for help.

Reply
 
Thread Tools Display Modes
  #1  
Old 03-10-2009
Twistedtexan Twistedtexan is offline
Saleen Forums Participant
 
Join Date: Sep 2008
Location: PARKVILLE,MD
Posts: 16
Default Insurance for my Saleen

I've had the car insured with Geico since I've owned it the past 8 months. They wanted to inspect the car because of the purchase price and now they are saying that the Saleen package makes the car a restricted vehicle for them and they can no longer insure it. Anybody had this problem ? How do I get around it ? And if I can't , who do you insure your Saleen with ? Thanks for any help.
Reply With Quote
  #2  
Old 03-10-2009
Greg Wackett Greg Wackett is offline
Inactive Account
 
Join Date: Feb 2004
Location: Haymarket, Virginia
Posts: 2,429
Default

Give Grundy Insurance a try. A friend has his 348, 930Turbo and Austin all on Geico, I am surprised they will not cover it.
__________________
Greg Wackett
Reply With Quote
  #3  
Old 03-11-2009
05 Saleen's Avatar
05 Saleen 05 Saleen is offline
SOEC Member
 
Join Date: Apr 2008
Location: So. California: Lakewood
Posts: 102
Default Classic Car Insurance... possible option


Try going to a classic car insurance company... if it is
not a daily driver... it might be your best bet.

Give AIS a call and they might refer you or look around at car shows... there are some classic car insurers.

__________________
Robert B. So.Cal
REDFIRE 2005 #880
Reply With Quote
  #4  
Old 03-11-2009
wotbill01 wotbill01 is offline
Saleen Forums Participant
 
Join Date: Jun 2007
Location: Laguna Niguel
Posts: 10
Default State Farm

I have my SC281 insured with State Farm. They never asked to inspect the car. My insurance runs about $1000 a year living in Laguna Niquel with no tickets or accidents in past 3 years.
Reply With Quote
  #5  
Old 03-11-2009
ctann ctann is offline
SOEC Member
 
Join Date: Dec 2008
Location: San Jose, CA
Posts: 447
Default

Quote:
Originally Posted by Twistedtexan View Post
And if I can't , who do you insure your Saleen with ?
I have an agreed value policy with Heacock Classic - but there are severe restrictions on use (3k miles per year, no driving to work, etc). I have never made a claim, so can't really comment there. Rates are fantastic, but I wouldn't reccomend it for a driver car.

Chris.
Reply With Quote
  #6  
Old 03-11-2009
bromebe bromebe is offline
Suspended Account
 
Join Date: Jan 2009
Location: Friendswood, Texas
Posts: 47
Default

Mine is insured thru AIG which is not 21st Century, runs about $900 for full coverage a year, and even thou it's a Saleen they use the GT info to base them by, to many folks out there ready to offer you better deal, time to tell them to take a hike
Reply With Quote
  #7  
Old 03-12-2009
meangrn304 meangrn304 is offline
SOEC Member
 
Join Date: Mar 2009
Location: Lynden, WA
Posts: 14
Default

Quote:
Originally Posted by Twistedtexan View Post
I've had the car insured with Geico since I've owned it the past 8 months. They wanted to inspect the car because of the purchase price and now they are saying that the Saleen package makes the car a restricted vehicle for them and they can no longer insure it. Anybody had this problem ? How do I get around it ? And if I can't , who do you insure your Saleen with ? Thanks for any help.
I have my PJ insured with State Farm. They have no listings for Saleen vehicles so they have it as a Mustang GT. Very reasonable.
Reply With Quote
  #8  
Old 03-12-2009
wiggywigton's Avatar
wiggywigton wiggywigton is offline
SOEC Member
 
Join Date: Sep 2008
Location: Vail, Arizona
Posts: 861
Default

I discussed this at great length with USAA. USAA states that according to my policy it is a full replacement policy. So whatever it costs to replace the car. They did ask me if the car is modified and I said yes. I also made them put in the remarks section of my policy that it is a Saleen. I have been ensured that I am fully covered. Germany requires me to have $1 Million Euro coverage on all my vehicles (that's almost $2 Million dollars) It comes out to almost $1400 a year just for the Saleen. Hopefully we will never have to find out how good USAA is...
__________________
Mike Wigton
#06-409
MMR 1000S 302 Stroker, BBR Stage 2 cams 3.0 pulley 39# injectors, upgraded CAI, 20" Chrome w/275/35ZR's, 14 in Front Brakes, GT500 Heat Exchanger and Walbro Super Car dual fuel pumps, Rear bumper inlays, Shaftmaster 3.5 Alum Driveshaft, AEM Wideband A/F guage, Pypes Long tube headers X-pipe w/o Cats, Extreme chin spoiler, Steeda Tri-Ax short throw shifter, Hood Struts WMS stealth hood pins, Adj upper and lower rear control arms. tuned by Lito.
Reply With Quote
  #9  
Old 03-12-2009
04 2281sc 04 2281sc is offline
Suspended Account
 
Join Date: Feb 2009
Location: Pelham, NH
Posts: 13
Default Saleen Insurance

If Your Vehicle Is Unsured For Just A Mustang Gt Most Likely Your Not Covered. If You Call Hagerty Ins Or Grundy Ins They Will Cover You. You Will Need A Appraisel Hagerty Cost Me 800.00 A Year If Your Policy SayS Mustang Gt Thats What Your Paying For

Last edited by 04 2281sc; 03-12-2009 at 08:25 AM.
Reply With Quote
  #10  
Old 03-12-2009
olecoot's Avatar
olecoot olecoot is offline
SOEC Member
 
Join Date: Jun 2008
Location: Texas
Posts: 444
Default

One word of caution.

Make sure that there is a clause in the policy that states the replacement parts will be OEM. If not, you will get whatever the adjuster can find; re-manufactured, etc. Of course if it is a Saleen part that is damaged, they have no choice but to replace it with OEM.

'Coot
__________________
2008 302 Heritage 08-0029
Reply With Quote
  #11  
Old 03-12-2009
281Saleen 281Saleen is offline
Senior Saleen Forums Participant
 
Join Date: Dec 2008
Location: Berkley, MI
Posts: 144
Default

Quote:
Originally Posted by meangrn304 View Post
I have my PJ insured with State Farm. They have no listings for Saleen vehicles so they have it as a Mustang GT. Very reasonable.

Same thing they told me for my s281, State Farm has good rates
Reply With Quote
  #12  
Old 03-12-2009
Twistedtexan Twistedtexan is offline
Saleen Forums Participant
 
Join Date: Sep 2008
Location: PARKVILLE,MD
Posts: 16
Default

Hagerty or Grundy will not work for me because at times I do drive the car to work or to run errands. The car rarely gets driven so mileage is not a problem . I have a 2006 and only have 5600 miles on it. I just don't want restriction as to where and when I can drive my car. I have talked to 3 different underwriters at Geico and they have all said the car is the problem because of the modifications. Im probably going with Liberty Mutual because they actually have a class for the Saleen and will insure it exactly and not as a GT.
Reply With Quote
  #13  
Old 03-13-2009
04 2281sc 04 2281sc is offline
Suspended Account
 
Join Date: Feb 2009
Location: Pelham, NH
Posts: 13
Default

i have hagerty and i am able to drive anywhere at any time i believe
3000 miles is max for me i have a friend at liberty mutual they can not insure a saleen even after he told me that i still called and another agent told me no good luck not easy finding insurance
the agent i called was foy ins in salem nh the owner drives a saleen
Reply With Quote
  #14  
Old 03-13-2009
Greg Wackett Greg Wackett is offline
Inactive Account
 
Join Date: Feb 2004
Location: Haymarket, Virginia
Posts: 2,429
Default

With Grundy I have no limits on miles, it might be a state thing.
__________________
Greg Wackett
Reply With Quote
  #15  
Old 03-13-2009
04 2281sc 04 2281sc is offline
Suspended Account
 
Join Date: Feb 2009
Location: Pelham, NH
Posts: 13
Default

As Long As We Can Drive Them And Enjoy Them. Good Luck With The Car
Reply With Quote
  #16  
Old 03-16-2009
ultamax ultamax is offline
Suspended Account
 
Join Date: Jul 2008
Location: Texas
Posts: 77
Default

My coverage is through Mid-Century/Farmers and is listed as a GT. However, I also purchased gap coverage from the get-go to... well, cover the gap. The overall cost is still reasonable with gap being only $11/mo extra.
Reply With Quote
  #17  
Old 06-08-2009
SALEEN1179 SALEEN1179 is offline
Saleen Forums Participant
 
Join Date: Jun 2009
Location: Richmond, VA
Posts: 11
Default

Allstate ran my VIN and it came up as a mustang gt... no questions were asked... and I have gap insurence :)
Reply With Quote
  #18  
Old 06-08-2009
ctann ctann is offline
SOEC Member
 
Join Date: Dec 2008
Location: San Jose, CA
Posts: 447
Default

Quote:
Originally Posted by SALEEN1179 View Post
Allstate ran my VIN and it came up as a mustang gt... no questions were asked... and I have gap insurence :)
I would still recommend getting the insurance company to actually include the "Saleen Package" on your paperwork. Gap coverage may cover you in a total-loss situation, but what about for less than a total loss? If your wheels get stolen (it happens), and the insurance company pays you back for a set of GT rims and tires, you definately won't be happy!

After a claim for my '98 S281, which luckily Mercury Insurance paid without too much hassle, they added "Saleen Package" to the contract. Didn't cost me any more, and gave me peace of mind for the future...

Chris.
Reply With Quote
  #19  
Old 06-08-2009
jaiasmit jaiasmit is offline
Senior Saleen Forums Participant
 
Join Date: May 2009
Location: Logansport, IN
Posts: 251
Default

I'm also with State Farm and they do insure as a Mustang GT and not a Saleen. This helps with rates, but won't help if there's ever a need to file a claim. I also got the gap insurance with my Ford Credit loan to cover the difference if there's ever a total loss. The thing to keep in mind with this is that as your loan amount decreases your gap insurance will be less and less valuable. As your loan gets closer to zero their is less gap for the "gap" insurance to fill, but you're still going to wish you could get more value out of your primary insurance plan. That may be the time you want to start looking for another plan where you get coverage as a Saleen and the according valuation that goes with.
Reply With Quote
  #20  
Old 06-09-2009
ultamax ultamax is offline
Suspended Account
 
Join Date: Jul 2008
Location: Texas
Posts: 77
Default

Very good points jaiasmit and ctann. Thanks for the addtl. insight/experiences.
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -4. The time now is 08:39 AM.


Orders placed through these advertiser links help to support SOEC and this website.

Tire Rack Wheel Clearance

When you buy one Valeo® ULTIMATE™ Wiper Blade from Tire Rack, you'll get one free!

Dunlop $50 Rebate


| SOEC.ORG | ABOUT SOEC | MEMBERSHIP | SHOWROOM | LITERATURE | VEHICLE PRODUCTION | THE SALEEN TRADER | SALEEN AUTOMOTIVE | CONTACT SOEC | SOEC @ FACEBOOK |


All Original Content Copyright © 1991-2021 Saleen Owners and Enthusiasts Club, LLC (SOEC). All Rights Reserved.
SOEC is the official independent, non-profit organization for owners and enthusiasts of vehicles by Steve Saleen and Saleen Automotive, Inc.