American Modern Insurance Group Auto Insurance Review: What to Know (2024)
American Modern Insurance Group specializes in homeowner policies for people who struggle to secure coverage from traditional companies, and it does not sell personal auto insurance. However, it offers collector car insurance.
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Kristen Gryglik
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Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
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UPDATED: Nov 16, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Nov 16, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn’t influence our content. Our opinions are our own.
On This Page
- American Modern Insurance Group sells collector car insurance and covers other vehicles but does not underwrite personal auto insurance policies
- This company specializes in homeowners insurance for people who have a difficult time securing coverage from traditional companies
- American Modern was one of the first companies to offer mobile home insurance
The American Modern Insurance Group is a specialty insurance company, and it primarily sells homeowners insurance for people who struggle to find coverage from traditional insurers. Despite covering almost every other type of vehicle, this company does not sell personal auto insurance policies.
However, it does provide collector car, motorcycle, ATV, UTV, snowmobile, boat, yacht, and golf cart coverage.
Keep reading this American Modern Insurance Group review to learn more about the products it sells, how credit rating agencies and customers rank it, how much coverage costs, and its history to determine if American Modern is right for you.
What is the American Modern Insurance Group?
The American Modern Insurance Group does not sell personal auto insurance policies. It is a specialty insurance company that focuses on providing coverage for customers who need something different from the general market.
It primarily services homeowners who struggle to secure policies from traditional insurance companies.
Read More: Top Auto Insurance Companies
However, this company does cover other types of recreational vehicles, including collector cars, motorcycles, boats, yachts, ATVs, UTVs, and golf carts. It currently operates in all 50 states.
Policies are written by the licensed subsidiaries owned by the American Modern Insurance Group, Inc., including but not limited to the American Modern Home Insurance Company, American Modern Insurance Company, and American Modern Property and Casualty Insurance Company.
Coverage options vary by state. However, most American Modern insurance policies for non-traditional vehicles feature liability insurance plus optional comprehensive coverage and collision coverage.
You can also choose actual cash value replacement for ATVs, UTVs, and golf carts.
Collector car policies include agreed value coverage. Available deductible levels range from $0 to $10,000. Mileage plans range from 1,000, 3,000, or 6,000 miles. American Modern covers your collector car for use in car shows, parades, car club exhibitions, occasional pleasure drives, and commuting to work.
American Modern also offers coverage for pets, vacation homes, full-time homes, vacant homes, rental properties, and condominiums.
There is currently no American Modern Insurance Group mobile app. However, customers can access the online services login. Within this portal, users can view their billing status, policy materials, make name or address corrections, file claims, and pay online by check or credit card.
If you purchased multiple lines of insurance from American Modern, you only need one online services login to view all of your policies.
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How do you get quotes from American Modern Insurance Group?
To request a quote for any of the American Modern Insurance Group’s various insurance products, you must connect with a local licensed agent.
To connect with a nearby agent, interested customers can call American Modern directly at 866-884-6167.
You can also use one of the online search tools available on the company website.
What are the average American Modern insurance rates?
American Modern Insurance Group rates are not publicly available.
American Modern auto insurers only cover collectible cars and recreational vehicles. Sources suggest collectible car insurance costs between $400 and $1,000 annually.
This company also primarily sells non-traditional homeowner insurance policies.
So if you seek out a homeowner insurance quote from American Modern, consider comparing it to the average annual rates in your home state.
The table below shows the average annual homeowners insurance premiums by state in 2018 as recorded by the Insurance Information Institute.
Average Annual Homeowners Insurance Premiums by State| State | Average Annual Homeowners Insurance Premium |
|---|---|
| Alabama | $1,409.00 |
| Alaska | $984.00 |
| Arizona | $843.00 |
| Arkansas | $1,419.00 |
| California | $1,073.00 |
| Colorado | $1,616.00 |
| Connecticut | $1,494.00 |
| Delaware | $873.00 |
| District Of Columbia | $1,264.00 |
| Florida | $1,960.00 |
| Georgia | $1,313.00 |
| Hawaii | $1,140.00 |
| Idaho | $772.00 |
| Illinois | $1,103.00 |
| Indiana | $1,030.00 |
| Iowa | $987.00 |
| Kansas | $1,617.00 |
| Kentucky | $1,152.00 |
| Louisiana | $1,987.00 |
| Maine | $905.00 |
| Maryland | $1,071.00 |
| Massachusetts | $1,543.00 |
| Michigan | $981.00 |
| Minnesota | $1,400.00 |
| Mississippi | $1,578.00 |
| Missouri | $1,383.00 |
| Montana | $1,237.00 |
| Nebraska | $1,569.00 |
| Nevada | $776.00 |
| New Hampshire | $984.00 |
| New Jersey | $1,209.00 |
| New Mexico | $1,075.00 |
| New York | $1,321.00 |
| North Carolina | $1,103.00 |
| North Dakota | $1,293.00 |
| Ohio | $874.00 |
| Oklahoma | $1,944.00 |
| Oregon | $706.00 |
| Pennsylvania | $943.00 |
| Rhode Island | $1,630.00 |
| South Carolina | $1,284.00 |
| South Dakota | $1,280.00 |
| Tennessee | $1,232.00 |
| Texas | $1,955.00 |
| Utah | $730.00 |
| Vermont | $935.00 |
| Virginia | $1,026.00 |
| Washington | $881.00 |
| West Virginia | $970.00 |
| Wisconsin | $814.00 |
| Wyoming | $1,187.00 |
| Countrywide average | $1,249.00 |
Since American Modern is a specialty insurance company, expect rates to be higher than traditional companies offer, especially homeowner coverage.
Specialty insurance is for customers who cannot secure coverage from traditional companies. Quotes may be too high, or typical companies may not provide the relevant types of coverage the consumer requires. For example, if your home is historical, low-value, or in a high-risk location, it may not qualify for coverage from standard insurance companies.
How do you file a claim with American Modern?
To file claims with American Modern, navigate to the Customer Center tab on the company website. Then select ‘File a Claim.’
There, you have the option to file the claim online immediately. You may also write or fax the information to the company or call 800-375-2075.
No matter how you start the claim, be sure to have your policy number, contact information, a description of the loss or damage, and the date and time the incident occurred to share with your claims specialist.
An adjuster assigned to your claim will contact you to gather more information about the incident.
If an inspection is required, they will help schedule it for you. You may also have the option to perform the inspection virtually via the video claims resolution tool.
A contractor referral program is also available for American Modern customers.
However, if your estimated repair total provided by your contractor or repair shop is larger than the adjuster’s total, contact your claims adjuster.
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Does American Modern offer any discounts?
American Modern offers multiple insurance discounts. However, availability and saving amounts vary depending on the state you live in and the type of insurance you purchase.
According to the company website, you may be eligible for rate reductions if you’re a homeowner, have no driving violations on your record, and have not filed a claim within the past year.
Completing an approved safety course can also earn you some savings.
The company also offers discounts for customers who purchase multiple lines of coverage from American Modern, folks who pay for their policy in full, and those who opt for electronic policy documents. Contact a local American Modern Insurance Group agent for more specific information about what insurance discounts are available where you live.
How are the American Modern Insurance Group ratings and reviews?
Most credit rating agencies highly rate the American Modern Insurance Group. However, this company received more consumer complaints than the industry average.
The company website says that because of its affiliation with Munich Re — its parent company — American Modern Insurance Group has an A+ (superior) A.M. Best score. This means American Modern can reliably follow through on its obligations to policyholders.
While American Modern is financially stable, some customers rate their experience using this company poorly.
According to the National Association of Insurance Commissioners, it currently has a complaint index ratio of 12.30. The median is always set to 1.00, implying that American Modern received more than 12 times as many consumer complaints as the median.
Negative American Modern Insurance reviews generally reference poor customer service interactions, unresponsive managers or claims adjusters, and higher than average rates.
While shopping around for insurance, keep these financial evaluations and customer experiences in mind if you consider the American Modern Insurance Group.
What is the history of American Modern Insurance Group?
Until 2010, the American Modern Insurance Group operated under the Midland brand. Midland originated in 1949 and was one of the first companies to offer mobile home finance business at wholesale and retail levels.
American Modern started selling mobile home insurance in 1965. Then, in 1969, it created a vertically-integrated organization that manufactured mobile homes and sold them through 70 retail outlets. It also provided financing and insurance options to consumers.
However, the financial downturn of the 1970s hit the mobile home market hard. So the company sold the retail and manufacturing business to Champion Homes.
In the 1990s, the American Modern Insurance Group began to diversify its assets, starting with watercraft insurance and then expanding to collector car coverage in 1993. It also began offering motorcycle, ATV, UTV, and snowmobile insurance in 2000.
In 2008, Munich Re, a German multinational insurance company based in Munich, purchased the company and all subsidiaries.
Despite similarities in the naming structures, this company is not affiliated with Allied Mutual Insurance. AMI Group Inc. is a small company located in Illinois.
Today, American Modern is widely recognized as a leader in the specialty insurance business. It offers products in the residential property and recreational market, and pet insurance is the newest product offered by the company.
Headquartered in Cincinnati, Ohio, the current CEO of American Modern is Andreas Kleiner.
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American Modern Insurance Group: The Bottom Line
Don’t add American Modern to your car insurance comparison shopping list if you need personal auto insurance. You can’t purchase a personal auto insurance policy from the American Modern Insurance Group, so you’ll have to consider the other top auto insurance companies.
However, if you have specific specialty insurance coverage needs, American Modern is a reliable option and has strong financial ratings.
Owners of collectible cars, motorcycles, ATVs, or UTVs may secure affordable coverage for their vehicles through American Modern. Similarly, if you’re a homeowner who struggles to secure traditional coverage, consider looking into American Modern’s specialty coverage options.
If you’re eligible for coverage from a standard insurance company, you may be able to secure cheaper rates with broader options elsewhere.
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Kristen Gryglik
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.