American Modern Classic Car Insurance: Everything You Need To Know

Insuring a classic or collector vehicle requires specialty auto insurance that offers protection tailored to these unique automobiles. American Modern is one of the leading insurers that specializes in coverage for classic cars.

In this comprehensive guide, we’ll explain how American Modern’s classic car insurance works, the coverage options, discounts available, how to get a quote, tips for finding the right repair shop, and reasons why drivers choose them to protect their prized vintage vehicles.

Overview of American Modern Collector Car Insurance

American Modern Insurance Group was founded in 1965 and offers a wide range of property and casualty insurance products. While they insure modern vehicles as well, one of their specialties is collector car insurance.

Some quick facts about their classic auto coverage:

• Policies – They offer Agreed Value, Stated Value, and standard collector car insurance options depending on your needs.

• Discounts – Multiple discounts are available including multi-car, multi-policy, association membership, anti-theft devices, and more.

• Add-Ons – You can add roadside assistance, accessory coverage, vacation liability, etc.

• Availability – Offered in all 50 states.

• Quotes – You can get quotes easily online or by contacting a local independent agent.

• Claims – They have decades of experience handling claims for classic cars.

Next, let’s take a deeper look at how collector car insurance from American Modern works.

How American Modern’s Classic Car Insurance Works

Insuring antique, vintage, and collector vehicles is different than insuring daily drivers. American Modern offers customizable coverage with unique protections needed for special interest autos.

Here are some important features that set their classic car insurance apart:

Agreed Value Coverage

This ensures you receive the full agreed amount in the event of a total loss without depreciation factored in. The value is established upfront between you, the agent, and underwriter.

Flexible Mileage Plans

Choose from 1,000, 3,000, 6,000 mile plans or unlimited mileage depending on how often you drive your vehicle.

Spare Parts Coverage

Have peace of mind knowing spare parts and accessories are covered.

Touring Coverage

You can add liability coverage for driving your collector vehicle more than 250 miles from home.

No Depreciation

Since classic cars appreciate over time, your payout is not reduced even if it’s an older model year.

Use Coverages

Policies allow driving to shows, exhibitions, club events, joyrides, and even occasional commuting if you elect.

So American Modern takes into account the unique aspects of owning vintage autos. But what other options can you add?

Available Coverages & Optional Add-Ons

Standard collector car insurance from American Modern includes:

• Agreed value loss settlement
• Collision
• Comprehensive
• Spare parts
• Towing
• Limited mileage plans

You can then customize with these popular add-on coverages:

Accessories – Covers aftermarket parts like custom wheels, sound systems, chrome, kits, etc.

Roadside Assistance – Pays for locksmith service, battery boosting, fuel delivery, winching, and tire changes. Can add 24/7 assistance anywhere in the U.S. and Canada.

Travel Expenses – Covers lodging, rental, and meals if your vehicle breaks down away from home.