American Family Home, part of American Modern, submitted a Kentucky rate filing for its Collector Vehicle Program, requesting an overall 5.1% rate increase effective September 1, 2026 for new business and November 1, 2026 for renewals. The filing impacts 3,642 policyholders and about $1.75 million in written premium.

The program is designed for antique, specialty, and collector vehicles driven on a limited basis. According to the filing, the average policy premium is about $481, with physical damage coverage representing most of the premium due to low annual mileage.

American Family Home indicated a need for a 6.6% increase but selected a lower 5.1% overall change. The filing revises base rates and territory factors across liability and physical damage coverages. Maximum individual policy impacts could reach 23.9%, while some policyholders may see decreases of up to 4.7%.

The actuarial support showed particularly high indicated changes for bodily injury/property damage coverage at 26%, while comprehensive and collision indications were lower at 1% and 2.8%, respectively.