Insuring my Saleen
02-22-2011, 07:50 PM
#1
Insuring my Saleen
I'm having trouble getting insurance quotes for my 2006 Saleen S281 S/C. They all keep asking if I know how much the customizations are worth, but I honestly don't have a clue. I found this site that tells me the custom additions, but I really don't know how to value them. The car only has 2200 miles on it. What do you guys think?
02-22-2011, 08:18 PM
#3
As far as I can tell it's a stock Saleen S281 S/C, which includes all the mods mentioned here:
http://www.muscularmustangs.com/2005...2006saleen.php
A friend of mine estimated the additions at $20k
http://www.muscularmustangs.com/2005...2006saleen.php
A friend of mine estimated the additions at $20k
02-22-2011, 08:56 PM
#4
4th Gear Member
Join Date: Dec 2010
Location: CT
Posts: 1,472
That's a great car!!
I would go with classic/specialty car insurance. Organizations like Hagerty or Grundy and there are other insurers where you can purchase agreed upon value policy, From what I hear they are not expensive but, I have no experience with this type of insurance.
As far as quotes as to value I found this info:
Pricing Up from last years $39K price tag the '06 S281 3 Valve will be $42,281. Also up from last year the S281 SC will be $51,102 (convertible: $55,989) which puts it higher than the standard vette's price tag of $43,800, and lower than the Z06's $65K.
I attached the source:
http://www.muscularmustangs.com/2005...2006saleen.php
I would go with classic/specialty car insurance. Organizations like Hagerty or Grundy and there are other insurers where you can purchase agreed upon value policy, From what I hear they are not expensive but, I have no experience with this type of insurance.
As far as quotes as to value I found this info:
Pricing Up from last years $39K price tag the '06 S281 3 Valve will be $42,281. Also up from last year the S281 SC will be $51,102 (convertible: $55,989) which puts it higher than the standard vette's price tag of $43,800, and lower than the Z06's $65K.
I attached the source:
http://www.muscularmustangs.com/2005...2006saleen.php
Last edited by daredevil95; 02-22-2011 at 08:59 PM.
02-23-2011, 12:47 AM
#5
3rd Gear Member
Join Date: Mar 2006
Location:
Posts: 695
The sticker price on an S281 Supercharged Coupe in 2006 was indeed $51,202.00 according to the Dealer Order Guides we have in our archives. Consider they started with a Mustang GT T82 code chassis, which means the $20K your friend suggested is low.
If you have the original window sticker, get a copy to your insurer as proof of the build itemization.
If you do not have the window sticker, you can order one for the tidy sum of about $100 by calling 1-800-888-8945 -- ask them to pack it carefully because you want to frame it (and cross your fingers they do so).
If you have the original window sticker, get a copy to your insurer as proof of the build itemization.
If you do not have the window sticker, you can order one for the tidy sum of about $100 by calling 1-800-888-8945 -- ask them to pack it carefully because you want to frame it (and cross your fingers they do so).
02-23-2011, 11:18 AM
#6
4th Gear Member
Join Date: Dec 2010
Location: CT
Posts: 1,472
The sticker price on an S281 Supercharged Coupe in 2006 was indeed $51,202.00 according to the Dealer Order Guides we have in our archives. Consider they started with a Mustang GT T82 code chassis, which means the $20K your friend suggested is low.
If you have the original window sticker, get a copy to your insurer as proof of the build itemization.
If you do not have the window sticker, you can order one for the tidy sum of about $100 by calling 1-800-888-8945 -- ask them to pack it carefully because you want to frame it (and cross your fingers they do so).
If you have the original window sticker, get a copy to your insurer as proof of the build itemization.
If you do not have the window sticker, you can order one for the tidy sum of about $100 by calling 1-800-888-8945 -- ask them to pack it carefully because you want to frame it (and cross your fingers they do so).
02-23-2011, 12:00 PM
#7
1st Gear Member
Join Date: Apr 2005
Location: Connecticut
Posts: 140
I'm having trouble getting insurance quotes for my 2006 Saleen S281 S/C. They all keep asking if I know how much the customizations are worth, but I honestly don't have a clue. I found this site that tells me the custom additions, but I really don't know how to value them. The car only has 2200 miles on it. What do you guys think?
Couple things it can't be your DD. You must provide them with proof of another car to use as DD. Also no stated limited mileage but usage is agreed to be limited to Car shows, Sunday drive and that sort of things. They never asked for any mileage numbers from me.
Go online to Grundy do a quick quote.
02-23-2011, 03:33 PM
#8
4th Gear Member
Join Date: Dec 2010
Location: CT
Posts: 1,472
I'd go with Grundy. I have a 2005 GT that I modded the hell out of including a Saleen SC.Grundy did not ask about any mods .All that they ask is what full replacement valve do you want to give to this vehicle. They asked for two pictures one front and one side view to comfirm no damage I guess. I insurured mine for 25,000 for a full year for around $375.00
Couple things it can't be your DD. You must provide them with proof of another car to use as DD. Also no stated limited mileage but usage is agreed to be limited to Car shows, Sunday drive and that sort of things. They never asked for any mileage numbers from me.
Go online to Grundy do a quick quote.
Couple things it can't be your DD. You must provide them with proof of another car to use as DD. Also no stated limited mileage but usage is agreed to be limited to Car shows, Sunday drive and that sort of things. They never asked for any mileage numbers from me.
Go online to Grundy do a quick quote.
02-23-2011, 08:13 PM
#9
I'd go with Grundy. I have a 2005 GT that I modded the hell out of including a Saleen SC.Grundy did not ask about any mods .All that they ask is what full replacement valve do you want to give to this vehicle. They asked for two pictures one front and one side view to comfirm no damage I guess. I insurured mine for 25,000 for a full year for around $375.00
Couple things it can't be your DD. You must provide them with proof of another car to use as DD. Also no stated limited mileage but usage is agreed to be limited to Car shows, Sunday drive and that sort of things. They never asked for any mileage numbers from me.
Go online to Grundy do a quick quote.
Couple things it can't be your DD. You must provide them with proof of another car to use as DD. Also no stated limited mileage but usage is agreed to be limited to Car shows, Sunday drive and that sort of things. They never asked for any mileage numbers from me.
Go online to Grundy do a quick quote.
Some people have expressed concerns around the value of the mods at $20k saying it might be more. My thought is the car's MSRP in '06 was $52k. I'm estimating that a base GT in '06 was around $32k, thus a $20k difference in mods. Is my logic/calc flawed?
02-24-2011, 06:42 AM
#10
1st Gear Member
Join Date: Apr 2005
Location: Connecticut
Posts: 140
AStonius,
At age 25 anywhere you go for iInsurance with a Saleen Mustang is going to be expensive. I insure 3 cars for the price you wil be paying for the Saleen for a full year.