Just got my renewal invoice for a collector car that I insure with American modern. The first year's premium was cheap compared to my regular insurer State Farm. With the first renewal the premium has increased 53% despite no claims, minimum mileage, nothing has changed. Had to smile when the latest marketing from BMW MOA promoting this insurer popped into my email, just as I was reviewing the policy premium. Talk about good timing. Don't be fooled by teaser rates.