As an Insurance Agent I represent both Hagerty and Open Road. Both are what we call a Managing General Agency and are representing a Highly rated company (AM Best A+). The main difference between the two is the "bells and whistles", Hagerty has more of them and cost a little more. In some cases you may need the "bells and whistles" because they are not offered by your regular Auto or Homeowners Insurance.
Some examples, your regular auto insurance does not cover parts for your car unless they are attached to the car as intended - no coverage for the engine while you have it out for a rebuild! Your homeowners will cover those items with a limit of $2,500. Specialty companies like Hagerty and Open Road offer coverages for those types of things, plus more. Open Road being a newer entry into the Classic market does not offer as many bells and whistles as Hagerty. Look closely at what is available from each (this includes any Classic Car Insurer) and figure out what is right for your situation. I know in my case, I need some of the extra stuff Hagerty offers, but Open Road does some of the same but not all of it.
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