Hey, i am new to this forum, and in the future maybe next year, as soon as i get some money, i am planning on getting a mustang saleen. Since i will have about 1 year driving with clean record (hopefully next year it will be clean) i was wondering how much you guys payed for insurance. I heard that it is quite expensive. Just to get an idea, i am planning on getting 99-04 saleen (new ones are too expensive) It it all comes out too expensive i am planning on a replica, maybe a $12g mustang, adding around 3gs on body and wheels etc, what do you guys think?
Roush How much do you pay for you insurance?
- Thread starter Majorgercko1
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FASN8N
Member
I pay @$300 a year on my 89 and paid about $425 a year for my 94 S-351R Speedster. Both were/are under collector car insurance limited to 3k miles per year.
S281SC#08
New Member
I pay 88 a month but when I had my same year GT I paid 180 a month. I know it does not make sence I even had them cover it for what it is worth. But when I first got my GT I was 20 and i was paying 330 a month. So it all depends if you think it is worth it.
S281SC#08
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FASN8N
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saleensc281
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SVT Saleen
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I pay about $600 annually with State Farm & limited mileage as it's not considered a daily driver.
S281SC#08
New Member
That sucks for your Saleensc281 I am 24 have a speeding ticket and live it on of the highest unisured motorist states wich makes my insurance go up and I only pay 88 a month it to is though state farm
s351rspeedster
New Member
S281SC#08 said:
It all depends on what discounts you have as well. Since you both have State Farm, you know they go strickly by the vin number on the car. I pay insurance on a 95 GTS Coupe and a 97 lx convertible. The 85 is currently uninsured since it is in 1,000 pieces. I pay $150 per month for both cars plus my daily commuter motorcycle. Once you hit age 25, the age and driving experience really mean nothing. When I was 18 and I just bought the 85, I paid a mere $73 per month for full coverage with $500 dollar deductiables......
S281SC#08
New Member
True they do go by vin# but I made sure they insured it for what the car is worth that way if i wreck it I will not get paid for a GT
S351R"Animal"
20+ Year Stangneter 
s351rspeedster
New Member
S281SC#08 said:
When my 85 caught fire and burned to the ground, State Farm covered every penny and then some. Make sure you have all documentation from Liz @ Saleen and you should be fine. I even took pictures of the car, trophies, any and everything to give the car a higher value...
They used NADAGuides as well as what the market was bareing at that time. Reps from State Farm tried to find a few examples of what my particular car was selling for else where. They even contacted Mark at PerformanceAutoSpoet to get information. I guess I was luck because not too many 85 Saleens were for sale at that time. It might hurt if the claims adjuster finds 20 different 2002 S281's for sale ranging from $20 to $35 grand. If your car isn't paid off, I would suggest that you also have gap protection....
Bought the car for $7,000 in 1998
Received $15,500 in 2001 from State Farm after this happened:
Always carry a fire extinguisher!!!!!
S281SC#08
New Member
man that sucks how did that happen. you know what does not make sence with mine is i used to have an 2002 Gt i paid 180 a month for it now i have a 2002 Convertable S281SC and i pay 88 and my driveing record is the same and i made sure they would cover it for what it is worth. They were both though state farm.
s351rspeedster
New Member
S281SC#08 said:
Can't explain that other then?? Maybe your agent gave you additional discounts for the S281 that you didn't receive on the GT
Had a fuel line leak at the carberater and made the mistake of trying to limp it home,
idea!!!! As you can see, I didn't make it. I was less then 2 miles away from the house when I smelled fire...... :damnit:
bigwingsaleen
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- Apr 11, 2005
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insurance
I pay $345 a year,,,,,,,, must be stored in garage, limited milage of 2400 a year, stated value of $13,000.
Agent: Parrish-Heacock Collector Car Insurance
I pay $345 a year,,,,,,,, must be stored in garage, limited milage of 2400 a year, stated value of $13,000.
Agent: Parrish-Heacock Collector Car Insurance
saleensc281
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S281SC#08 said:
Yeah I guess it is. Although I have the hightest coverage they can offer, and my deductable is $250 not $500 like alot of people have! It is insured as a Saleen too, plus I have GAP protection through my bank as well!!! So Im covered!!!!!!
I am guessing it will be too expensive to cover a real saleen for me, i will be starting college next year, and i am going to need the money i would spend on insurance, i think i am just going to buy a regualr GT and convert it into a saleen replica, i will pay less for the insurance maybe 120 for the car. It really makes a difference.
marcus95
Active Member
S351R"Animal"
20+ Year Stangneter
Hell, I'm 32, but single, and my insurance hasn't gone down in years. Of course I have a extensive list of speeding tickets! In the southeast, Georgia is one of the worst for insurance rates.
saleensc281
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