OpenRoad enters collector vehicle insurance market

OpenRoad Insurance is announcing that it has formed an MGA which will provide car insurance for classic and modern collector vehicles.

The company has received its license from the Texas Department of Insurance and plans to launch across select US states later this summer.

OpenRoad is led by CEO Richard Hutchinson, an insurance industry veteran with over three decades of experience including executive leadership roles at Progressive, Hagerty, and Forge.

OpenRoad is capitalized by majority investor Griffin Highline Capital and Great American subsidiary National Interstate will provide underwriting capacity.

“Of the 40 million+ collector vehicles in the United States, the majority are insured by standard auto insurance generalists. Our program is different as it was designed with specialized coverages and services tailored for the unique needs of auto enthusiast owners. We are proud to offer the auto enthusiast community more choice, comprehensive coverage, and the fair pricing that they deserve.” – Richard Hutchinson, CEO of OpenRoad.