February 2025 proved to be yet another record-breaking month for classic and collector vehicle insurer OpenRoad. Compared to January, the brand saw a 53% increase in customer growth as more and more auto enthusiasts are signing up for their new auto insurance program. Why are so many classic and collector vehicle owners making the switch? Customer testimonials highlight huge savings on equal or better coverage as well as excellent customer service that feels like, “calling a friend.” That is some high praise for an insurance company.
How does OpenRoad stack up against the rest?
It’s no secret that for decades collector vehicle owners have been fairly limited in terms of options for auto insurance. Confusing programs, complicated coverage options, and regular rate increases, even when they haven’t filed a claim, have left many auto enthusiasts looking for an alternative. Some owners have even gone the route of bundling their classic car coverage with their home and daily driver insurance, leaving them likely overpaying for coverage that is inadequate for their collector ride.
Realizing the market was ripe for more choice, the seasoned team of collector car and insurance experts at OpenRoad set out to build a program that addressed the gaps currently facing collector vehicle owners as well as insurance agents and brokers servicing this community. The result being a program that includes specialized coverages tailored to the unique needs of classic and modern collector vehicle owners, with pricing that accounts for the reduced usage and accident frequency often associated with these vehicles. This means better coverage and often lower rates for owners making the switch from standard auto insurance companies or those other collector vehicle insurers.
“When developing our program, we examined all the contributing factors that were causing skyrocketing rake hikes,” explained Mark VanDam, OpenRoad’s Chief Underwriting Officer. “In the process, we identified several opportunities for us to build a better program, one that passed more savings along to our customers and provided the specialized coverages they need.”
In addition to their already highly competitive rates, OpenRoad goes above and beyond by offering additional discounts to car club members as well as customers who transfer their coverage from another classic car insurer. With so many auto enthusiasts making the switch to OpenRoad, it seems that they have found everything that they have been looking for in a classic auto insurance provider. Just check out these recent customer reviews:
- “Almost half the price as your competitors for equal coverage!”
- “Saving over $1,600 from my previous company, same coverage and better customer service.”
- “25% less premium than my former classic car insurance company for the same coverage.”
- “Pricing was 20% lower than their direct competitor for the exact same coverage on multiple vehicles.”
- “Hands down beat the other quotes I received.”
- “Great coverage without all the unnecessary, useless, costly bells and whistles of other classic car insurance companies.”
How is OpenRoad’s Coverage a Better fit for Classic & Collector Vehicles?
With OpenRoad, paying less doesn’t mean getting less. In addition to all the standard coverage you’d expect with an auto insurance policy— think comprehensive, collision, uninsured motorist, and the like — every OpenRoad policy comes with protection tailored to car collectors that simply can’t be matched by traditional auto insurance companies. For example, OpenRoad’s agreed value policy guarantees that the insurance payout you’ll receive in the event of a total loss equals the actual worth of your classic car, rather than a depreciated value that most insurance programs use.
“Many collector vehicle owners don’t realize that their standard auto coverage is based on a depreciated market value,” said Justin Moreno, OpenRoad’s Chief Marketing & Communications Officer. “That may work well for daily drivers but not for a classic car or truck. These vehicles require coverage that considers their true replacement cost, assigning a market value that takes into account their condition as well as the owner’s investments. We provide that as well as expert claims handling and many other protections that are better suited to the needs of the collector car community.”
OpenRoad’s coverage is also better when it comes to minor damages. First, the company lets you pick the shop of your choice to carry out any repairs, so you can rest easy knowing your car is in the hands of mechanics you trust and who specialize in classic and collector cars. And second, it will cover the cost for OEM parts, ensuring that a fender bender doesn’t spoil the authenticity of your ride.
An OpenRoad policy is so comprehensive that it can even help you prevent your classic car from getting damaged in the first place. In the event of a pending natural disaster, such as a hurricane or wildfire, the company will cover the cost of getting your car out of harm’s way. That includes reimbursing the many out-of-pocket expenses associated with relocating and temporarily storing your car somewhere safe.
OpenRoad’s coverage also extends beyond the bumpers of your classic car to the tools and spare parts you’ve stockpiled for maintaining your vehicle. OpenRoad will even foot the bill for a new car cover if yours is stolen or vandalized.
Rapidly Expanding Into New Markets
In order to keep pace with rising demand for its classic car insurance program, OpenRoad is rapidly expanding its coverage across the U.S. and is now live in 21 states including Arizona, Arkansas, Colorado, Connecticut, Georgia, Illinois, Indiana, Louisiana, Michigan, Minnesota, Mississippi, Missouri, New Mexico, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, West Virginia, and Wisconsin. The brand has also seen significant interest among insurance agencies and brokerages, registering over 1,000 new partners in the past few months who are keen to have another option for their clients
Check out OpenRoad’s coverage options and get your quote today in about five minutes.
If you live outside the company’s current coverage area, be sure to sign up for OpenRoad’s newsletter so you’ll be notified as soon as policies are available in your area. The company is quickly expanding to new states each and every month.