OpenRoad Insurance

What OpenRoad Insurance does

OpenRoad Insurance is a Dallas-based managing general agency that underwrites and distributes classic, collector, and specialty vehicle auto insurance in the United States. The company is led by CEO Richard Hutchinson, an industry veteran whose prior executive roles include a roughly six-year tenure as president at Hagerty along with senior positions at Progressive and Forge. OpenRoad's product portfolio centers on an agreed-value base policy that includes OEM parts coverage, shop-of-choice repairs, roadside reimbursement, $1,000 tools and spare parts coverage, and disaster evacuation coverage; the portfolio is extended upward by OpenRoad One, a premium product for high-value collections, and outward by endorsements such as Vehicle Under Construction (with 10% automatic value escalation every three months up to $25,000) and Retained Salvage. Eligible vehicles span classic and collector cars, muscle cars, modern sports and performance cars, classic trucks and 4x4s, modified vehicles (hot rods, restomods, replicas), antiques, and specialty vehicles such as historic military vehicles and antique tractors.

The operating stack is built on Majesco's P&C Intelligent Core Suite with Digital Customer360 and Digital Agent360 portals, augmented by the Majesco Copilot Gen AI assistant, and a CLASSIC.COM integration supplies real-time comparable vehicle valuation data used in agreed-value underwriting. Distribution is dual: a direct-to-consumer self-serve quoting and policy management portal on the company's website, and a network of more than 1,000 registered independent insurance agents and brokers with co-branded sales materials and a dedicated agent portal. Capital is provided by majority investor Griffin Highline Capital LLC, with additional equity and underwriting capacity from Great American Insurance Group through its subsidiary National Interstate Insurance Company (rated A+ Superior by A.M. Best and authorized in all 50 states plus DC). The company launched commercially in July 2024 in four Midwest states and expanded licensed operations to 35 states by March 2026, with stated intent to reach nationwide coverage, while generating revenue through annual subscription insurance premiums reflecting the lower usage and accident frequency of collector vehicles.

Name

OpenRoad Insurance

Legal name

Open Road Insurance LLC

Website

https://openroadautoinsurance.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

OpenRoad Insurance is a Dallas-based managing general agency that underwrites and distributes agreed-value classic, collector, and specialty vehicle auto insurance across 35 US states via a direct-to-consumer portal and a 1,000+ agent partner network, backstopped by A+ rated carrier National Interstate.

Ownership category

akta.pro rank

Product category

Specialty Auto Insurance (Classic and Collector Vehicles)

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro industry

PRIMARYFSAJANAK

Auto Liability Umbrella / Excess

Financial & Insurance/Insurance — Motor, Property & Casualty/Umbrella Insurance

SECONDARYFSAGAGAL

Embedded Insurance & Affinity Distribution Platforms

Financial & Insurance/Financial Technology (Fintech)/Insurtech Platforms (Digital Insurance Enablement)

Keywords

• Collector vehicle insurance
• Classic car insurance
• Agreed value coverage
• Muscle car insurance
• Specialty auto insurance

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premiums: OpenRoad generates revenue through insurance premiums paid by policyholders for classic and collector vehicle coverage. Policies include agreed-value coverage, comprehensive collision protection, and specialized collector car add-ons. Pricing models account for reduced accident frequency of collector vehicles, resulting in lower rates than standard auto insurance.
2. OpenRoad One Premium Product: Premier insurance product for high-value collections with enhanced coverage limits, additional protections, and exclusive features for discerning collectors. Premium pricing for enhanced benefits.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

OpenRoad Insurance is a managing general agency that underwrites and distributes specialized auto insurance for classic and collector vehicles, providing agreed-value coverage, OEM parts coverage, shop-of-choice repairs, roadside reimbursement, disaster evacuation, and tools/spare parts coverage. The company sells directly to consumers through its website and through appointed insurance agents and brokers, with policies underwritten by National Interstate Insurance Company.

Product overview

OpenRoad Insurance is a managing general agency (MGA) specializing in classic and collector vehicle auto insurance. The company operates as a managing general agency capitalized by Griffin Highline Capital LLC, with underwriting provided by National Interstate Insurance Company (rated A+ Superior by A.M. Best). The core product is an agreed-value base policy providing specialized coverage for classic, antique, and modern collector vehicles, supplemented by OpenRoad One—a premium tier for high-value collections—and optional endorsements such as Vehicle Under Construction and Retained Salvage. The technology platform is powered by Majesco's P&C Intelligent Core Suite and digital solutions. Coverage is available across 35 states.

Differentiator

Problem solved

Functional benefit

Brands

• OpenRoad One: Premier insurance product designed exclusively for high-value classic and collector collections, offering enhanced coverage limits, additional protections, and exclusive features with dedicated underwriting, service, and claims support.

Products and services

• OpenRoad Base Policy Core insurance policy providing agreed-value coverage for classic and collector vehicles, including comprehensive, collision, uninsured motorist protection, OEM parts coverage, shop-of-choice repairs, roadside reimbursement, evacuation expense coverage, and $1,000 tools and spare parts coverage.
• OpenRoad One Premier insurance product for high-value classic and collector vehicle collections, offering enhanced coverage limits, preferred storage discounts, and dedicated underwriting, service, and claims support from specialists who understand collector vehicles.
• Vehicle Under Construction Endorsement Endorsement that protects vehicles being restored or built, automatically increasing agreed value by 10% every three months up to $25,000 above the initial agreed value, with additional specialized automotive tool coverage of $1,000.
• Retained Salvage Endorsement Optional endorsement allowing policyholders to receive the full agreed value payout while keeping their damaged vehicle after a total loss, enabling restoration and preservation of sentimental vehicles.
• Muscle Cars Coverage Specialized insurance for American muscle car classics known for powerful engines and iconic styling.
• Modern Sports & Performance Cars Coverage Coverage for modern performance vehicles including American muscle cars like Corvettes and Mustangs, European performance sedans, and lightweight sports cars such as Mazda Miata, Nissan 370Z, and Toyota Supra.
• Modified Vehicles Coverage Insurance for modified collector vehicles including Hot Rods, Street Rods, Resto Mods, Custom Cruisers, Custom Imports, and Replicas.
• Classic Trucks & 4x4s Coverage Specialized coverage for classic trucks and 4x4s including Broncos, Land Cruisers, square-body Chevys, and vintage off-road vehicles.
• Antique Vehicles Coverage Tailored coverage for antique vehicles honoring their historical significance, legacy, and historical value.
• Other Specialty Vehicles Coverage Coverage for rare and meaningful vehicles including antique fire trucks, historic military vehicles, and retired tractors.

Quantifiable outcome

• Customers report saving 20-50% compared to previous insurers
• +3 more outcomes

Named customers6 records

Segments7 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• MajescocoreTechnology or Integration · 18 June 2024OpenRoad selected and implemented Majesco's P&C Intelligent Core Suite, Digital Customer360, and Digital Agent360 platforms to power its insurance operations. The platform includes Copilot Gen AI assistant for enhanced productivity and customer experience. Majesco is a global leader in cloud insurance platform software.
• National Interstate Insurance CompanycoreStrategic or Co-development Partner · 16 May 2024National Interstate Insurance Company, a member of Great American Insurance Group, provides underwriting capacity for OpenRoad policies. Policies are underwritten by National Interstate Insurance Company (authorized in all 50 states and DC) and National Interstate Insurance Company of Hawaii (authorized in HI, MI, NJ, OH). National Interstate is rated A+ (Superior) by A.M. Best.
• Great American Insurance GroupcoreStrategic or Co-development Partner · 16 May 2024Parent company of National Interstate Insurance Company. Great American has made an equity investment in OpenRoad. OpenRoad policies are underwritten by National Interstate, a member of Great American Insurance Group.

Scale indicators7 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Hagerty: Hagerty is the dominant US specialty insurer for collector and classic vehicles, offering agreed-value, OEM parts, and shop-of-choice coverage. It is OpenRoad's closest direct competitor and the source of multiple OpenRoad executives, including CEO Richard Hutchinson who was Hagerty's president for nearly six years.
• American Collectors Insurance: American Collectors Insurance specializes in classic, antique, and collector auto insurance with agreed-value coverage, similar to OpenRoad. It is one of the longest-standing specialty carriers in the niche and competes for the same enthusiast customer base across the US.
• Grundy Insurance: Grundy is a heritage specialty insurer focused on collector, classic, and antique vehicles, offering agreed-value policies. It competes head-to-head with OpenRoad for the same vintage-car owner segment.
• Heacock Classic Insurance: Heacock Classic provides classic and collector car insurance with agreed-value coverage and enthusiast-oriented features. It targets the same classic-car owner persona as OpenRoad.
• J.C. Taylor Antique Auto Insurance: J.C. Taylor is a long-standing specialty insurer focused on antique, classic, and collector vehicles. It directly competes with OpenRoad for the same agreed-value, hobbyist segment.
• Condon Skelly: Condon Skelly is a specialty broker/MGA focused on collector and classic vehicles, providing agreed-value coverage through carrier partners. It is structurally similar to OpenRoad as an MGA-distributed collector-car product.

Broad incumbents

• Progressive: Progressive is one of the largest US auto insurers and currently insures the majority of collector vehicles under standard auto policies that OpenRoad argues are inadequate. It is also the former employer of OpenRoad CEO Richard Hutchinson.
• GEICO: GEICO is a top US auto insurance incumbent that serves most collector vehicles through standard policies. It represents both the competitor OpenRoad is taking share from and the distribution alternative for budget-sensitive customers.
• State Farm: State Farm is the largest US personal-lines insurer and insures many collector vehicles through standard auto policies. It is a primary incumbent OpenRoad is positioning against on price and coverage quality.
• Safeco Insurance: Safeco (a Liberty Mutual subsidiary) writes private-passenger auto with classic-car endorsements, serving as a hybrid incumbent that competes with OpenRoad both in standard auto and in lighter specialty offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php?id=61585642046030
• LinkedInlinkedin.com/company/openroadinsurance
• Instagraminstagram.com/openroad_insurance

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OpenRoad Insurance