OpenRoad Insurance
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.
- Company typePrivate
- Founded2024
- HeadquartersDallas, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
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.
OpenRoad Insurance firmographics
Firmographics- 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
OpenRoad Insurance industry classification
Industry- 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 primary industry
- Auto Liability Umbrella / Excess (FSAJANAK)
- akta.pro secondary industry
- Embedded Insurance & Affinity Distribution Platforms (FSAGAGAL)
Keywords
Where OpenRoad Insurance is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
OpenRoad Insurance business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Standard Collector Vehicle Coverage |
| Subscription | Annual | OpenRoad One Premium Coverage |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
OpenRoad Insurance product offering
Product offeringCore 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
Companies that use OpenRoad Insurance
Customer profileNamed customers6 records
Segments7 records
Ideal customer profiles2 records
OpenRoad Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature4 records
OpenRoad Insurance partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- MajescocoreOpenRoad 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 CompanycoreNational 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 GroupcoreParent 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
OpenRoad Insurance competitors and assessment
Company assessmentDirect 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
OpenRoad Insurance social profiles
Digital presenceOpenRoad Insurance compliance and trust
Trust signalCompliance1 record
OpenRoad Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
OpenRoad Insurance leadership team
Management profileNumber of profiles
Profiles5 records
OpenRoad Insurance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OpenRoad Insurance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OpenRoad Insurance
What does OpenRoad Insurance do?
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.
Is OpenRoad Insurance a public or private company?
OpenRoad Insurance is a private company. It is classified as venture growth investor backed and is currently operating.
When was OpenRoad Insurance founded?
OpenRoad Insurance was founded in 2024. It employs 11 to 50 people.
Where is OpenRoad Insurance based?
OpenRoad Insurance is headquartered in Dallas, United States, in the North America region.
How does OpenRoad Insurance make money?
Two revenue lines are on record. Insurance Premiums are the primary driver. The others are openRoad One Premium Product.
Who are OpenRoad Insurance's main competitors?
Direct peers on record are Hagerty, American Collectors Insurance, Grundy Insurance, Heacock Classic Insurance, J.C. Taylor Antique Auto Insurance and Condon Skelly. Broad incumbents are Progressive, GEICO, State Farm and Safeco Insurance.
Does OpenRoad Insurance have an API?
No public API is recorded for OpenRoad Insurance.
What industry is OpenRoad Insurance in?
OpenRoad Insurance's product category is Specialty Auto Insurance (Classic and Collector Vehicles). Its primary akta.pro industry code is FSAJANAK, Auto Liability Umbrella / Excess, with a secondary code of FSAGAGAL, Embedded Insurance & Affinity Distribution Platforms. Its NAICS code is 5242 and its SIC code is 6411.