American Modern Insurance | FerrariChat

American Modern Insurance

Discussion in 'Ferrari Discussion (not model specific)' started by MMC620, Jan 8, 2021.

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  1. MMC620

    MMC620 Rookie

    Jan 5, 2020
    11
    Full Name:
    MMC
    Hello All:

    Trying to get some feedback, reviews or information about American Modern Insurance, their insurance rates for a new model Ferrari are very good, much better than Hagerty, American Collector, Grundy, etc.
    I would appreciate any information.


    Thanks
    MMC
     
  2. Yellow Compass

    Yellow Compass F1 Veteran
    Sponsor

    Nov 23, 2015
    8,028
    NYC Area
    Full Name:
    Yellow Compass Supercars
    Hi Mario I use them and they seem to be pretty good
     
  3. MMC620

    MMC620 Rookie

    Jan 5, 2020
    11
    Full Name:
    MMC
    Thanks I appreciate the reply
     
  4. ScreaminRevs

    ScreaminRevs Formula Junior

    Apr 4, 2004
    410
    Chicago
    I use them for a non-Ferrari, with agreed value. Rates are probably dependent on your location; for me, they're good.
     
  5. MMC620

    MMC620 Rookie

    Jan 5, 2020
    11
    Full Name:
    MMC
    Thanks screaminrevs.
     
  6. Viperjoe

    Viperjoe F1 Rookie
    Silver Subscribed

    I use them for my 488. Agreed value, no other drivers, 3,000 miles per year cap. Very good rates.
     
  7. buddyg

    buddyg F1 Veteran
    Rossa Subscribed

    Sep 20, 2004
    6,181
    Naples, FL
    Full Name:
    Buddy
    I have used them for the last 2 Ferrari’s and my current one. Very happy, I can give you my agent info I use with them if you want.
     
  8. JP365

    JP365 Formula 3

    Mar 8, 2007
    1,427
    Chicago
    Full Name:
    John F
    I have used them for almost 25 years. Competitive rates. I’ve never had to file a claim, so I can’t comment as to how they are if things go sideways. Going to knock on wood now ;)
     
  9. ginoBBi512

    ginoBBi512 F1 Rookie
    BANNED

    Oct 9, 2016
    3,535
    SO CAL
    Full Name:
    GINO RUGGIERO
    I have used then for the last 10 years, I have an agreed value of 125,000 for my 328 with a really good rate, and a few months ago they covered my $1500 windscreen.

    Thank you
     
    jcurry likes this.
  10. pce01

    pce01 Karting
    Rossa Subscribed

    Jul 29, 2013
    136
    Rochester, NY/Tampa
    Full Name:
    Peter
    I have used them for five years for my 512TR. A very good rate, but no experience with claims so far.
     
  11. Bob in Texas

    Bob in Texas F1 Rookie

    Apr 23, 2012
    2,722
    Just East of Weird
    Full Name:
    Bob
    Well I just moved my 458 and Boxster to American Modern/ Heacock 2 weeks ago after being with AAA for years. Saved a bunch of money and got agreed value.


    Sent from my iPad using Tapatalk Pro
     
  12. Ron328

    Ron328 F1 Rookie
    Silver Subscribed

    Mar 10, 2003
    2,625
    Willamette Valley, Oregon
    Full Name:
    Ron
    Switched to them 6 mos ago. Agreed value for my 360, 3k miles a year, $900+/yr.
     
  13. ixlr8

    ixlr8 Formula Junior

    Aug 24, 2015
    345
    Eastern Shore- Virginia
    Full Name:
    Jim
    I have them for my 550, agree value of $150K, and also for my Z3. They had the best rates I could find, much better than Hagerty.
     
  14. jcurry

    jcurry Two Time F1 World Champ
    Silver Subscribed

    Jan 16, 2012
    23,641
    In the past
    Full Name:
    Jim
    I go through Heacock, which is underwritten by American Modern, for 3 cars (2 F, 1 P). Very good rates with flexible options for miles and also limited use for things other than shows/etc, i.e. I can use for occasional drive to work. Also what I consider generous agreed values. No claims experience.
     
  15. BT

    BT F1 World Champ
    Lifetime Rossa

    Mar 21, 2005
    15,291
    FL / GA
    Full Name:
    Bill Tracy
    Same here. I go through Heacock but American Modern is the carrier. Have two cars on a single policy, and they only charge once for the liability part. Agreed values and good rates. Never had a claim, so can't say how that aspect is.
     
  16. jcurry

    jcurry Two Time F1 World Champ
    Silver Subscribed

    Jan 16, 2012
    23,641
    In the past
    Full Name:
    Jim
    Something new. New WA insurance regulations now mean AM will not offer liability coverage (in WA). Can still get all the collision and comprehensive, but no liability.
     
  17. Rlurie1

    Rlurie1 Rookie

    Dec 5, 2020
    30
    Full Name:
    Ryan Lurie
    I use Progressive because they seem to have the best rates for a Tesla not in California. The quote to add my Cali T to my policy was an extra $1,000 a year. I’ll call this company next time my premium is due though.
     

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