American Modern insurance review 2025
American Modern offers unique insurance solutions for classic car owners and certain homeowners unable to obtain coverage elsewhere.
Compare American Modern with other insurers
American Modern's offerings set it apart from companies with a more traditional lineup of insurance products.
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Featured
American Modern
Not scored
Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C.
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Progressive
4.1
Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C.
Cost & ratings 3.8Coverage 4.3Support 4.3 |
Liberty Mutual
4.0
Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C.
Cost & ratings 3.4Coverage 5.0Support 3.9 |
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OVERVIEW
Bankrate identified key carrier features, coverage offerings, discounts and more
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Policyholders with unique insurance needs, such as a collector car or a higher-risk home, might consider American Modern.
Read More
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Young or high-risk drivers may have competitive options with Progressive.
Read More
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People looking to bundle life insurance with home or auto may consider Liberty Mutual.
Read More
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STANDOUT FEATURES
These features are some of the carrier’s most impressive
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Collector car coverage
Insures high-risk homes
Highly customizable policies
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Insures high-risk drivers
Low average rates
Classic car coverage available
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Robust discounts
Local agents available
Multiple insurance products
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AVG FULL COV. AUTO RATE
Average national annual cost of a full coverage auto insurance policy
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| No rates available | $2,189 | No rates available |
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J.D. POWER AUTO SCORE
J.D. Power’s U.S. Auto Claims Satisfaction Study assesses customer satisfaction with the claims experience on a 1,000-point scale
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| Not Scored | 672/1000 |
717/1000 |
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AVG HOME RATE
Average national annual cost of a home insurance policy with $300K in dwelling coverage
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| No rates available |
$2,711 |
No rates available |
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J.D. POWER HOME SCORE
J.D. Power’s U.S. Property Claims Satisfaction Study assesses customer satisfaction with the claims experience on a 1,000-point scale
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| Not Scored | 697/1000 |
707/1000 |
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AM BEST RATING
AM Best ratings assess companies’ financial strength based on historical ability to pay out claims, among other financial obligations
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| Not Scored |
A+(Superior) |
A(Excellent) |
American Modern car insurance review
If you’re looking for car insurance for a standard vehicle, American Modern won’t be a good fit. This insurance company specializes in auto coverage for a wide range of collector vehicles, from classic and antique cars to exotic vehicles, muscle cars, hot rods and restorations in progress, as well as collectible farm equipment. Because American Modern only insures unique, high-value vehicles like this, your vehicle must be stored in a locked garage to qualify for coverage.
American Modern groups its classic car insurance product along with insurance for yachts, boats and motorsports vehicles under the heading of “recreational” insurance. A full coverage collector car policy from American Modern is based on agreed value and comes with coverage for disaster relocation expenses and spare parts. Depending on your personal needs, you can opt for comprehensive coverage only or customize your policy with add-ons like trailer physical damage, collision, medical payments or uninsured motorist coverage.
Pros and cons of American Modern car insurance
American Modern may be the best fit for some drivers, but it's not for everyone. Consider the following benefits and drawbacks:
Pros
- Auto policies specialized for collector and other high-value vehicles
- Agreed value loss settlement available
- Online product guide to help customers determine which policies suit their needs
Cons
- Some customers report a lengthy claims process
- No coverage for standard vehicles
- No high-risk driver coverage options
American Modern car insurance cost
Estimating the cost of coverage from this carrier is difficult because American Modern doesn't make rates publicly available through Quadrant Information Services. This may be because American Modern only provides insurance for collector vehicles, which means that premiums are highly individualized.
Depending on the details of the vehicle you are planning to insure, along with your location and other rating factors, your car insurance premium from American Modern could be higher or lower than the national average cost of car insurance — $223 per month for full coverage or $67 per month for state minimum coverage. To see what you'd pay for car insurance from American Modern, consider requesting a quote and comparing it with car insurance quotes for the same coverage from other carriers.
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Get personalized auto insurance quotes
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
American Modern home insurance review
American Modern home insurance may be of particular interest to people whose homes don’t meet standard home insurance requirements. All of American Modern’s residential insurance policies include opportunities to customize coverage, but your exact options may vary based on location, home age and condition and other factors, so you may want to speak with an agent about what’s available to you.
American Modern offers modified homeowners insurance packages with specialized coverage for homes that don’t qualify for traditional insurance, with coverage options for second homes, rental properties and vacant homes under renovation. For example, its homeowners insurance product is available for single- or two-family homes in average or better condition valued between $50,000 and $500,000. In some states, the Homeowners FLEX plan is available for homes built in or before 1960. For seasonal homes or hard-to-insure homes in need of basic coverage, American Modern offers two types of dwelling coverage.
Pros and cons of American Modern homeowners insurance
Home insurance from American Modern may not be for everyone. If you're considering a policy, take these pros and cons into account.
Pros
- Offers coverage for applicants who have been denied traditional home insurance
- Has an A+ (Superior) financial strength rating from AM Best
- Part-time coverage available for vacation homes and rentals
Cons
- Coverage options may be limited by location, home age and value or other factors
- Replacement cost coverage not available on some full-time policies
- Customer support not available 24/7
American Modern home insurance cost
American Modern offers nontraditional home insurance solutions, so average rates for the carrier are not available. That said, if you're requesting quotes from the carrier, it may be helpful to know that the national annual average cost of a home insurance policy with $300,000 in dwelling coverage is $2,408. American Modern may be among the cheapest home insurance providers for homeowners with unique coverage needs, but rates can vary significantly depending on your coverage selections, home value and age, location and other factors.
Get personalized home insurance quotes
Answering a few quick questions to check your availability with American Modern
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
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Read our full methodologyAt Bankrate, we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation of . Our content is backed by Coverage.com LLC, a licensed entity (NPN: 19966249). For more information, please see our
78
years of industry experience
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What are real-life customers saying about American Modern?
*The quotes and citations included on this page have been verified by our editorial team and are accurate as of the posting date. Outlinked content may contain views and opinions that do not reflect the views and opinions of Bankrate.
Frequently asked questions
What policyholders are saying about American Modern
American Modern has 50 reviews
Dive into community reviews below and see what others think about American Modern.
To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.
In collaboration with market research firm SliceMR, Bankrate surveyed over 3,000 insurance customers nationwide from 2024–2025, asking policyholders to rate their insurer's cost, coverage, customer support and overall experience on a five-point scale. Bankrate and SliceMR collected and analyzed these customer ratings, along with website analytics and responses to three open-ended questions regarding customer experience. Responses are based on individual policyholders' policy details and personal experience, and therefore cannot be verified for accuracy. Users received an incentive for their feedback. All ratings are unedited and have not been reviewed or approved by insurance carriers. User-generated ratings are separate from carrier Bankrate Scores — which are calculated based on our proprietary methodology — and may not match.
Policyholder Reviews
Methodology
Bankrate utilizes Quadrant Information Services to analyze September 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates for our base profile are based on the following characteristics and full coverage limits with bundling and paperless billing discounts applied:
Bodily injury liability
$100,000 per person$300,000 per accident
Property damage liability
$50,000 per accidentPersonal injury protection
$100,000 per accidentUninsured motorist bodily injury
$100,000 per person$300,000 per accident
Collision deductible
$500Comprehensive deductible
$500To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. These are sample rates and should only be used for comparative purposes. Your quotes will differ.
If otherwise specified, the base profile has been modified with the following driver characteristics:
Other profiles
Auto Bankrate Score
Our 2025 Bankrate Score for auto insurance considers key variables that our insurance editorial team determined impact policyholders’ experiences with an insurance company. These factors include a robust assessment of each company’s cost of coverage, product availability, financial strength ratings, online capabilities and customer and claims support accessibility. We grouped these factors into three essential categories — cost and ratings, coverage and savings, and support — which we then weighted in a tiered approach.
Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.
- Tier 1 (Cost & ratings): To determine how well auto insurance companies satisfy these priorities, our team analyzed quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the National Association of Insurance Commissioners (NAIC).
- Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated the discount options listed on each company’s website.
- Tier 3 (Support): To encompass the many ways an auto insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored in a company’s corporate sustainability efforts.
Tier scores are unweighted to show the company's true score in each category out of a possible five points.
Bankrate utilizes Quadrant Information Services to analyze September 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates for our base profile are based on the following characteristics and coverage limits:
Dwelling coverage
$300,000Other structures coverage
$30,000Personal property coverage
$150,000Loss of use coverage
$60,000Liability coverage
$500,000Medical payment coverage
$1,000The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply.
These are sample rates and should be used for comparative purposes only. Your quotes will differ.
If otherwise specified, the base profile has been modified with the following homeowner characteristics:
Home Bankrate Score
Our 2025 Bankrate Score considers variables our insurance editorial team determined impact policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s cost of coverage, product availability, financial strength ratings, online capabilities and customer and claims support accessibility. We grouped these factors into three essential categories — cost and ratings, coverage and savings, and support — which we then weighted in a tiered approach.
Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.
- Tier 1 (Cost & ratings): To determine how well home insurance companies satisfy these priorities, our team analyzed average quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the National Association of Insurance Commissioners (NAIC).
- Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
- Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored in a company’s corporate sustainability efforts.
Tier scores are unweighted to show the company's true score in each category out of a possible five points.
