The last several years have been tough for owners of classic cars and trucks. Costs are surging for things like labor and parts while at the same time the average cost for auto insurance has increased 51% over the past 3 years. That is a growth rate six times faster than inflation overall according to The Consumer Price Index (CPI). Adding further strain on collectible vehicle owners is the limited options available when it comes to classic auto insurance. For decades, these owners have been faced with the same old confusing programs and complicated coverage options, not to mention many regularly getting notices of their rates going up even when they have good driving records and haven’t filed a claim. Given these market trends, it’s unsurprising to read reports that today 49% of auto insurance customers are actively shopping for more affordable rates.
Some Good News for Classic & Collectible Vehicle Owners
In all this market turmoil there does seem to be some good news for classic car and truck owners, and word is quickly spreading. Recently the auto enthusiast community has been buzzing about a program being offered by the Dallas-based collector vehicle insurer OpenRoad. Customer testimonials from owners previously covered by standard auto insurers, as well as many previously insured by classic car insurance providers, continue to roll in highlighting significant savings, better coverage, and superior customer service. The collector vehicle insurer 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.
OpenRoad’s insurance program not only includes specialized coverages tailored to the unique needs of classic and modern collector vehicle owners, but their pricing models also account for the reduced accident frequency associated with collector vehicles, often resulting in far lower insurance rates. But OpenRoad goes above and beyond on pricing as well, 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 (of) your competitors for equal coverage.”
- “Better coverage for less cost than other classic car insurance companies.”
- “Easier to work with than other classic car insurance companies. We didn’t have to jump through hoops to get a policy.”
- “Simple to use, fast to get coverage and very affordable rates! Who wouldn’t recommend such a company!!”
- “Great rates and great service. Highly recommend. We have a lot of car friends!”
- “Pricing was 20% lower than their direct competitor for the exact same coverage on multiple vehicles… These days, when insurance (cost) is outrageous, these people stepped up to the plate … Thank you, Open Road.”
Beyond the significant cost relief, many customers also point to the excellent customer service they received with reviews that include statements such as, “The team went above and beyond to help us,” and, “Overall, the best experience I’ve had setting up insurance.” That’s some high praise for an auto insurance company.
Delivering Superior Customer Service & Specialized Coverage
With OpenRoad, paying less definitely doesn’t mean getting less. In fact, their coverage goes above and beyond what many other programs out there can offer. In addition to getting 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 several protections tailored to car collectors. Their 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. This guarantees that you’re covered for the true value of your ride, considering the time, effort, and investments you put into your vehicle as well as its condition and rarity.
OpenRoad is also setting a new bar when it comes to coverage for repairs. Under their program you know that if you need to file a claim the repairs will be done right. Not only will repairs be performed with OEM parts specifically tailored to your vehicle, but you’ll also get to choose a repair shop you know and trust, one that specializes in collector vehicles and classic car restorations. This is another differentiator from standard auto insurance programs that often do not guarantee coverage for OEM parts and rarely let you pick a shop outside of their approved body shop network.
OpenRoad also includes a generous emergency roadside cost reimbursement program at no additional cost as well as coverage for the relocation and temporary storage of your ride in the event of major disasters such as hurricanes and wildfires.
Rapidly Expanding Across the U.S.
To keep up with the massive market demand that they’ve seen, OpenRoad has been rolling out its insurance program across the U.S., quickly growing coverage availability to 23. Don’t reside in one of their currently live states? Don’t worry, brand plans to operate in 30 states by the summer of 2025.
Get your quote today and see how much you could save in about 5 minutes.
