American Family Home Insurance Company, part of American Modern, is introducing rate changes to its collector vehicle program in Nevada, pointing to ongoing pressure in specialty auto despite low usage.

The filing calls for an overall 15.6% increase, below the 23.9% indicated need, impacting 2,485 policyholders and about $1.35 million in written premium. The program covers classic and specialty vehicles that are driven sparingly, with an average premium of $542, and unlike standard auto, most of the premium comes from physical damage rather than liability due to limited mileage and higher vehicle values.

The increase is driven by loss trends and expenses that support a higher rate level, with a total indicated change of around 34%. Physical damage dominates the book, making results more sensitive to repair costs and valuation shifts, while liability remains a smaller component given limited usage.

Most policyholders will see increases in the 10% to 20% range, with a maximum impact of about 27.5%, and only a small share experiencing little to no change. The changes are scheduled to take effect on October 1, 2026, for new business and December 1, 2026, for renewals.