Markel American Review & Ratings (2023)

An Overview: Markel American Insurance

Car insurance is an essential aspect of vehicle ownership, providing peace of mind and financial protection in the event of an accident.

Markel American is a car insurance company that offers unique services to collectors and enthusiasts, with a focus on classic and antique cars.

• Specializes in insurance for classic and antique cars.
• Offers a variety of coverage options and customizable policies.
• Provides unique resources for collectors and enthusiasts, including a quarterly magazine.

In this review, we will explore the history and mission of Markel American, the products and services they offer, discounts available to customers, and customer reviews.

History and Mission of Markel American Insurance

Markel American was founded in 1930 as an insurance company specializing in niche markets. In the early years, the company primarily offered coverage for sporting events, such as horse racing and polo matches.

Over time, Markel American expanded its offerings to include coverage for high-risk drivers and specialty vehicles, including classic and antique cars.

Today, Markel American’s mission is to provide insurance solutions that are tailored to the needs of collectors and enthusiasts.

The company is committed to personalized service and long-term relationships with its customers, with a focus on understanding the unique risks and requirements of the collector car market.

In addition to insurance coverage, Markel American also provides resources and support to collectors and enthusiasts, including a quarterly magazine that features articles on classic cars, interviews with industry experts, and updates on industry news and events.

Products and Services Offered by Markel American

Markel American offers a variety of insurance products and services that are tailored to the needs of collectors and enthusiasts, with a particular focus on classic and antique cars. These include:

• Classic and antique car insurance: Markel American specializes in insurance coverage for classic and antique cars, offering a range of coverage options that are tailored to the unique risks and requirements of these types of vehicles. Coverage options include liability, collision, and comprehensive coverage, with customizable policies that can be tailored to the specific needs of each customer.
• Motorcycle insurance: Markel American offers coverage for a variety of motorcycle types, including cruisers, touring bikes, and sports bikes. Coverage options include liability, collision, and comprehensive coverage, as well as coverage for custom parts and equipment.
• Boat insurance: Markel American offers coverage for a range of watercraft, including sailboats, powerboats, and personal watercraft. Coverage options include liability, collision, and comprehensive coverage, as well as coverage for custom parts and equipment.
• Homeowners insurance: Markel American offers homeowners insurance that is tailored to the needs of collectors and enthusiasts, with coverage options that include personal property, liability, and additional living expenses.
• Umbrella insurance: Markel American also offers umbrella insurance, which provides additional liability coverage beyond the limits of the primary insurance policy. This type of insurance is especially important for collectors and enthusiasts who may have high-value assets that need to be protected.

Overall, Markel American offers a range of insurance products and services that are tailored to the unique needs and risks of collectors and enthusiasts, with a focus on personalized service and customizable policies.

Cost of Insurance Coverage with Markel American

The cost of insurance from Markel American can vary widely depending on some factors, including the type of vehicle or property being insured, the coverage options selected, and the customer’s location and driving record.

As a specialty insurance provider, Markel American typically offers coverage that is priced higher than standard insurance policies, but the added benefits of customized coverage and personalized service may justify the higher cost for some customers.

To get a more specific idea of the cost of insurance from Markel American, it is best to obtain a quote directly from the company.

Customers can request a quote online by visiting the Markel American website or by contacting a local agent directly. It’s important to compare quotes from multiple insurance providers to ensure that you are getting the best possible coverage at the most competitive price.

Insurance Discounts Available From Markel American

Markel American offers several discounts that can help customers save money on their insurance premiums. These include:

• Multi-vehicle discount: Customers who insure more than one vehicle with Markel American can qualify for a multi-vehicle discount. This can result in significant savings on their overall insurance costs.
• Anti-theft device discount: Customers who install anti-theft devices on their vehicles can qualify for a discount on their insurance premiums. This includes things like alarms, tracking devices, and immobilizers.
• Safe driver discount: Customers who have a good driving record with no accidents or violations may be eligible for a safe driver discount.
• Pay in full discount: Customers who pay their annual insurance premium in full may be eligible for a discount on their overall insurance costs.
• Collector club discount: Markel American has partnerships with some collector car clubs and associations. Customers who are members of these clubs may be eligible for a discount on their insurance premiums.

It’s important to note that not all discounts are available in all states or for all types of insurance policies. To find out which discounts may be available for your specific situation, it’s best to contact a Markel American agent directly.

States Where Markel American Offers Insurance Coverage

Markel American offers insurance in many states throughout the United States. The states where the company currently offers insurance include:

Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin

It’s worth noting that the specific products and coverage options offered by Markel American may vary by state, so it’s important to check with the company or a local agent to confirm what types of insurance are available in your area.

Customer Feedback for Markel American Insurance

Customer reviews of Markel American are generally positive, with many customers praising the company’s personalized service and specialized coverage options.

While most customer reviews of Markel American are positive, there are a few negative reviews to be aware of as well. Some customers have reported issues with claims handling or billing, while others have expressed frustration with the cost of the company’s insurance policies.

Overall, if you’re looking for specialized insurance coverage for high-value assets like collector cars, motorcycles, or boats, Markel American is worth considering.

It’s always a good idea to read customer reviews and compare quotes from multiple insurance providers to ensure you’re getting the best possible coverage at the most competitive price.

Roundup: Markel American Insurance

In conclusion, Markel American is a well-established insurance company that has been providing specialized coverage for high-value assets for over 50 years.

With a focus on personalized service and customized coverage options, the company has earned a reputation for being a good choice for collectors, enthusiasts, and owners of unique and valuable vehicles.

If you’re looking for specialized insurance coverage for high-value assets and appreciate personalized service, Markel American is worth considering.

As with any insurance provider, it’s important to compare quotes and read customer reviews before making a final decision to ensure you’re getting the best possible coverage at the most competitive price.