American Modern Auto Insurance: What You Need To Know

American Modern Insurance Group is a specialty insurance company that offers coverage for collector vehicles and unique homes. The company has been in business since 1965 and is licensed in all 50 states. American Modern provides auto insurance for classic, collector, and muscle cars, as well as motorcycles, ATVs, and other recreational vehicles. Their collector car insurance includes agreed value total loss settlement, usage for car shows and parades, and flexible mileage plans. In addition to auto insurance, American Modern also offers home insurance for mobile homes, vacation homes, and rental properties, as well as pet health insurance.

American Modern's auto insurance coverage for classic cars

American Modern offers specialty car coverage for classic cars. The company provides auto insurance for collector vehicles, including classic, antique, and muscle cars. Their classic car insurance includes coverage for collector trucks, restorations in progress, custom motorcycles, military vehicles, race cars, and more.

American Modern's classic car insurance is based on an "agreed value" policy, where the company, the owner, and the agent agree on the car's value before the policy activates. In the event of a total loss, the agreed-upon value is the payout amount, including all applicable taxes and fees. This approach ensures that there is no depreciation or misunderstanding about the car's value.

American Modern offers flexible mileage plans ranging from 1,000 to 6,000 miles per year or a "Freedom" plan with no set limit. Their classic car insurance also includes coverage for disaster relocation expenses, towing, pet coverage, and spare parts. Additionally, they provide optional coverage such as national roadside assistance, foreign coverage, and full safety glass.

The company offers multiple deductible options ranging from $0 to $10,000. American Modern also provides various discounts, such as credits for anti-theft devices, higher-value vehicles, and large collections. They also offer discounts for completing an accident prevention course and being a member of a car club or association.

Overall, American Modern's classic car insurance provides comprehensive coverage and flexibility for classic car owners, ensuring their vehicles are protected and maintained.

American Modern's auto insurance coverage for collector cars

American Modern Insurance Group (AMIG) offers specialty car coverage for collector cars, including classic cars, antique cars, muscle cars, exotic vehicles, hot rods, and more. Their collector car insurance policies are based on an "agreed value" total loss settlement, where the car's owner, an agent, and AMIG's underwriters agree on the car's value before the policy activates. This agreed-upon value is the payout amount in the event of a total loss, inclusive of applicable taxes and fees, minus the deductible.

AMIG's collector car insurance includes coverage for liability, unlimited miles, spare parts, towing, pet coverage, and trip interruption. Optional coverage includes national roadside assistance, foreign coverage, and full safety glass. Deductible options range from $0 to $10,000.

AMIG offers flexible payment options and mileage plans to accommodate different needs. Their policies also include usage for car shows, parades, car club exhibitions, and occasional pleasure drives, with the option to include driving to work.

To qualify for AMIG's collector car insurance, vehicles must be stored in a locked garage when not in use and should only be used for exhibitions, club activities, and occasional pleasure drives, not as primary transportation.

American Modern's auto insurance coverage for muscle cars

American Modern Insurance Group (AMIG) offers specialty car coverage for muscle cars. The company's collector car insurance covers a wide range of vehicles, including classic cars, antique cars, exotic vehicles, street rods, custom cars, and more.

Coverage Options

American Modern's muscle car insurance provides coverage for losses incurred as a result of an accident or against liability after such an accident. The company offers an "agreed value" total loss settlement, meaning that the policyholder, agent, and underwriters agree on the car's value before the policy activates, and in the event of a total loss, that agreed-upon value is the payout amount. This includes all applicable taxes and fees, and there is no depreciation.

American Modern also offers the following coverage options:

• Unlimited miles
• Spare parts
• Towing
• Pet coverage
• Trip interruption coverage
• National roadside assistance
• Foreign coverage
• Full safety glass

Additionally, there are multiple deductible options ranging from $0 to $10,000.

Discounts

American Modern offers various discounts and credits to help reduce the cost of premiums. These include:

• Anti-theft devices: Up to a 20% discount for installing certain anti-theft devices.
• Higher-value vehicles and large collections: Credits for customers with high-value collector vehicles, depending on how the vehicles are stored and protected.
• Accident prevention course: Up to a 10% discount for drivers who have completed an approved accident prevention course.
• Car club membership: Discount for members of an approved car club.

Claims

American Modern states that it can process auto insurance claims quickly and fairly. Their adjusters undergo hands-on training to understand the repairs needed and how long they will take. As a result, the company claims that:

• 80% of property claims are settled within a month.
• 70% of customers receive a call from an adjuster on the same day they report a loss.
• 84% receive a call by the next day.

To file a claim, policyholders can call the toll-free claims number, contact their insurance representative directly, or send an email.

American Modern's auto insurance coverage for exotic vehicles

American Modern Insurance Group offers a range of specialty insurance options for collector vehicles, including exotic cars. The company's collector car insurance covers losses incurred in an accident or against liability after such an incident.

American Modern's insurance for exotic vehicles includes:

• An agreed value total loss settlement, where the owner, agent, and underwriters agree on the car's value before the policy activates, and the owner receives that amount in the event of a total loss.
• Flexible mileage options, including 1,000, 3,000, 6,000, or Freedom mileage plans.
• Deductible options ranging from $0 to $10,000.
• Coverage for restorations in progress.
• Optional coverage for national roadside assistance, foreign coverage, and full safety glass.
• Discounts for anti-theft devices, higher-value vehicles, and large collections.
• Discounts for completing an accident prevention course and being a member of a car club or association.

To qualify for American Modern's exotic vehicle insurance, the car must be stored in a locked garage. Additionally, the company requires photos of the vehicle and a signed waiver stating that the car will not be used for daily commutes.

American Modern's auto insurance coverage for motorcycles

American Modern offers auto insurance coverage for motorcycles, including trikes, inverted trikes, 6 and 8-wheel utility vehicles, and electric golf carts. They also offer coverage for low-speed vehicles (LSVs or NEVs).

One of the key benefits of American Modern's motorcycle insurance is its replacement cost coverage, which does not expire. This means that if you add replacement cost coverage when the bike is new or up to two model years old, you can keep this level of protection for as long as you own the bike. Most other insurance companies cancel replacement cost coverage when the bike reaches its third year.

American Modern's motorcycle insurance also includes $3,000 in accessory coverage for street-driven units and $1,000 for off-road units. Other optional coverages include travel loss reimbursement, rental reimbursement, and transport trailer coverage.

The company offers multiple discounts, including discounts for homeownership, safety course completion, insuring multiple units, transferring your policy to American Modern, and claim-free renewal.

American Modern's motorcycle insurance is subject to policy terms, conditions, limitations, exclusions, underwriting review, and approval. The rates and discounts may vary depending on various factors and are subject to change.

Frequently asked questions