PriyaPatel
TLDR:
Open Road Insurance is entering the collector vehicle auto insurance market as a managing general agency (MGA) in collaboration with National Interstate Insurance Company. Led by CEO Richard Hutchinson and backed by Griffin Highline Capital LLC, the company aims to offer tailored solutions for the unique needs of collector vehicle owners. With over 40 million collector vehicles in the US, Open Road seeks to provide a refreshing alternative to standard auto insurance providers by offering specialized coverages and services.
In response to rising costs in the auto insurance sector, Open Road sees an opportunity to better serve auto enthusiasts with their new product. Through a partnership with National Interstate, the company aims to provide comprehensive coverage, fair pricing, and more choice for collector vehicle owners.
The CEO of Open Road, Richard Hutchinson, states that the majority of collector vehicles in the US are insured by standard auto insurance providers, creating a gap in the market for tailored solutions. With the support of Griffin Highline, Open Road is confident in its ability to become a best-in-class collector vehicle insurance provider.
