Your classic car is unique, and the insurance you use to protect it should be too.
Your collector vehicle is far more than just a mode of transportation. It's an investment — of not just money and time but emotion. OpenRoad understands that and has made sure its classic car insurance policies provide the specialized coverage these special cars and trucks deserve.
Here we explain why it pays to get a specialized policy over one with conventional terms.
OpenRoad Provides a Better Policy for Less
OpenRoad’s insurance policies include all the essential protections your standard auto policy would, including uninsured motorist coverage, comprehensive and collision insurance, as well as personal injury and medical compensation. What makes it worth seeking out are all the extra protections tailored to the classic car enthusiast. Not only that, but OpenRoad offers some of the best rates around.
OpenRoad can offer classic car owners great rates and benefits because the vehicles we cover spend far less time on the road than daily drivers... Less time on the road means that the chances of an accident or claim are far lower. Lower risk equals lower rates.
Conventional-car insurers, however, have a much more diverse pool of vehicles to consider, which means they have to assume a lot more risk. Think about it: The daily driver you use to run errands, commute to work, or take the kids to school is, by virtue of regularly being on the road, more likely to be involved in a collision than a garage queen. Given premiums are partially based on the amount of assumed risk in the pool, you're likely going to pay more by opting for a traditional policy over dedicated collector car insurance from OpenRoad.
Moreover, most traditional insurance policies cover a vehicle at its depreciated value, but OpenRoad issues agreed-value policies, wherein the car owner gets a say in what the car is worth. Should you struggle to come up with an amount to list, the company can help, working with classic.com to accurately assess your vehicle’s value. The figure will account for things like rarity, condition and historical significance, and once both parties agree to the value and a policy is issued, that’s the amount you’ll receive should major damage befall your car.
Classic Car Insurance Has Perks That Conventional Policies Can’t Match
In addition to low premiums and agreed-value terms, OpenRoad’s classic car coverage contains some above-and-beyond protections that car collectors will appreciate. For example, if your classic car or truck is damaged, an OpenRoad policy guarantees repairs will be done with OEM parts, preserving the authenticity and integrity of your collector vehicle. Moreover, OpenRoad allows you to pick the shop that performs the work, ensuring repairs are completed to your standards by mechanics you trust. Along with that, should you have specialized tools or spare parts for your classic car, the policy covers them too, whether they’re lost, stolen or damaged.
This policy even reimburses car owners for the cost of relocating their vehicles when a looming natural disaster threatens damage. This could include anything from transportation to temporary storage expenses.
It likely goes without saying — but we’ll say it anyway — you won’t find these types of protections on a typical auto insurance policy.