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American Collectors Auto Insurance Review: Specialized Coverage for Special Vehicles

Review Updated
Christy Bieber
By: Christy Bieber
Christy Bieber
Christy Bieber
Writer

Christy Bieber is a full-time personal finance and legal writer with more than a decade of experience. She has a JD from UCLA as well as a degree in English, Media and Communications with a Certificate in Business Management from the University of Rochester. In addition to writing for The Ascent and The Motley Fool, her work has also been featured regularly on MSN Money, CNBC, and USA Today. She also ghost writes textbooks, serves as a subject matter expert for online course design, and is a former college instructor.

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Our Insurance Expert

Eric McWhinnie
Check IconFact Checked Eric McWhinnie
Eric McWhinnie
Eric McWhinnie

Eric McWhinnie has been writing and editing digital content since 2010. He specializes in personal finance and investing. He also holds a bachelor’s degree in Finance.

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American Collectors auto insurance is designed for drivers with classic vehicles, hot rods or custom cars, or imported vehicles. Special features targeted to car enthusiasts include agreed value coverage, a variety of mileage plans, and a quick, easy underwriting process. Learn more in our in-depth American Collectors auto insurance review.

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Best for roadside emergencyAmerican Collectors
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
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Bottom Line

American Collectors is intended for car enthusiasts to cover a collectible vehicle while maintaining a separate daily driver. Premiums are reasonable and customer reviews are excellent, but drivers must ensure this type of specialized coverage is the right choice.

Pros

  • Coverage is tailored to the needs of car enthusiasts
  • Many discounts are available
  • Premiums are affordable given the level of coverage

Cons

  • Policyholders must have a daily driver car
  • Secure vehicle storage is required
  • No coverage options for drivers with infractions like DUI or speeding

Full American Collectors auto insurance review

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Monthly premium costs

Online reviews report that American Collectors is typically priced below similar competitors. Because this insurer offers specialized coverage, there is more limited competition as not all insurers provide insurance for collector vehicles or hot rods.

Discounts

American Collectors offers discounts tailored to owners of custom and classic cars, including discounts for membership in Car Clubs, or for storing vehicles on auto lifts or in private secured garages.

  • Accident course completion
  • Anti-lock brakes
  • Anti-theft
  • Car Club membership
  • Defensive driving course completion
  • High value discounts for vehicles priced at $150,000 or more
  • Private garage discount
  • Security discounts
  • Vehicle safety features
  • Vehicles not driven during winter
  • Vehicles stored on an automotive lift

Coverage

Policy types

  • Antique and classic motorcycle insurance
  • Classic car insurance
  • Classic truck and utility vehicle insurance
  • Exotic car insurance
  • Modified car and hot rod insurance

American Collectors offers specialized policies for auto enthusiasts and other collectors.

Coverage types

  • Accidental airbag deployment
  • Accidental death and dismemberment
  • Ambulance assistance
  • Automotive tools/spare parts
  • Bail bond
  • Car show expenses
  • Collision coverage
  • Comprehensive coverage
  • Disaster relocation
  • Emergency lockout
  • Emergency towing
  • Emergency travel expense coverage
  • Full safety glass
  • Hit and run reward
  • Legal defense
  • Liability
  • Personal effects coverage
  • Pet coverage
  • Roadside assistance
  • Theft reward
  • Trailer guard
  • Valuable papers

American Collectors offers coverages tailored for car enthusiasts which most competitors do not provide. This is offered in addition to standard required options such as liability coverage.

Customer service and ratings

American Collectors is not ranked by J.D. Power's Customer Satisfaction survey due to its specialized nature. The insurer generally received positive reviews from customers online including 4.74 out of 5 stars on Better Business Bureau company reviews. It is accredited by the Better Business Bureau and received an A rating.

Other insurance available

  • Insurance for other collectibles, including guns, military memorabilia, and sports memorabilia

American Collectors offers additional special coverage for collectors, but not standard policies such as homeowners or renters insurance.

Alternatives to consider

Award Icon 2024 Award Winner
Logo for Geico
Best for price conscious consumersGeico
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Get a Quote

Read our Geico review

Award Icon 2024 Award Winner
Logo for Progressive
Best for coverage options and discountsProgressive
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Get a Quote

Read our Progressive review

When looking for an auto insurer that offers other types of coverage along with classic car insurance: Geico provides insurance for collector cars, but also offers a broader array of auto insurance coverage to more motorists. But, keep in mind, Geico doesn't offer all the same discounts targeted to car enthusiasts that American Collectors provides.

When looking for an auto insurer who offers more flexibility in vehicle storage: Progressive has partnered with Haggerty to offer classic car insurance like American Collectors, but this policy is more flexible in where vehicles can be stored. But keep in mind, Hagerty doesn't offer all the same discounts as American Collectors.

American Collectors auto insurance summary

American Collectors is an ideal choice for:

  • Motorists looking for collectible, classic, or imported vehicles
  • Drivers who have another daily driver vehicle
  • Drivers who store their vehicle in an approved location

American Collectors serves a unique niche of auto owners, providing coverage that may be difficult to find with many other insurers. But if you have an accident history, a history of infractions, or don't have a daily driver, you'll want to check out other auto insurance companies for your needs.

Our auto insurance rating methodology

At The Motley Fool Ascent, insurers are rated on a scale of one to five stars. We primarily focus on pricing, coverage options, and customer satisfaction; however, we also take into account features like unique discounts, online and app-based experiences, and branch access. Our highest-rated auto insurances generally include low costs, solid coverage, and high customer satisfaction.