OpenRoad Insurance expands to 40 states in two years

OpenRoad Insurance says it is now licensed in 40 U.S. states, up from 35 in March, as the classic and collector car insurer adds New York, North Carolina, New Hampshire, Vermont and Delaware. The expansion gives the Dallas-based company broader reach in major collector markets as it targets growth in 48 continental states.

Why it matters: - OpenRoad Insurance has widened its footprint quickly in a niche market where state licensing determines how fast an insurer can scale. - The addition of New York matters because the company sees some of the nation’s largest collector car markets as key to its next growth phase. - The expansion also gives classic and collector vehicle owners in five more states access to OpenRoad Insurance’s specialty policies.

What happened: - OpenRoad Insurance said August 19, 2026, that it is now licensed in 40 U.S. states. - The company had been licensed in 35 states as of March 2026. - The milestone came two years after OpenRoad Insurance launched. - The newest states are New York, New Hampshire, Vermont, North Carolina and Delaware. - Texas remains OpenRoad Insurance’s largest state by insured volume.

The details: - OpenRoad Insurance focuses on classic and collector vehicles and related coverage. - The insurer says its specialty focus helps keep overhead low and pricing competitive. - Policies include agreed-value coverage, which sets a vehicle’s value when the policy is written. - Agreed-value coverage pays a total loss at the predetermined amount rather than a depreciated market value. - Policyholders can revise their agreed value at any time. - OpenRoad Insurance also offers emergency evacuation expenses, tools and spare parts coverage, and coverage for vehicles under construction. - Vehicles from 1989 or earlier are broadly eligible. - Newer vehicles are reviewed for enthusiast traits such as convertible or two-door body styles, performance or aesthetic upgrades, and usage patterns. - The company’s vehicle categories include classic and collector cars, modern sports and performance cars, muscle cars, classic trucks and 4x4s, antique vehicles, modified vehicles, and other vehicles such as vintage tractors and fire trucks. - OpenRoad Insurance says it works with about 10,000 agent partners across 40 states. - The company is backed by Griffin Highline Capital. - CNBC named OpenRoad Insurance one of the best classic car insurance companies in 2026. - OpenRoad Insurance partners with National Interstate Insurance Company, which has an A+ Superior financial strength rating from A.M. Best. - More information is available at the company’s coverage page and OpenRoad Insurance’s website.

Between the lines: - OpenRoad Insurance is targeting a broader slice of the collector car market than just ultra-high-value vehicles. - The company’s comments suggest it is aiming to win price-sensitive enthusiasts who still want specialized coverage. - Licensing in 40 states signals that OpenRoad Insurance is moving from early expansion into a broader national push.

What's next: - OpenRoad Insurance plans to expand into 48 continental states. - The company says its addressable market remains larger than the segment that usually gets the most attention. - New market entries will likely remain central to OpenRoad Insurance’s growth strategy as it builds on the current 40-state platform.