What is hagerty car insurance

Hagerty is a specialized insurance company that focuses on classic and collector car insurance. They offer coverage tailored to the unique needs of owners of classic, vintage, and collectible vehicles.

Hagerty’s policies often provide more comprehensive protection compared to standard auto insurance policies, as they take into account the higher value and different usage patterns of classic cars.

History and Background of Hagerty

Hagerty Insurance Agency, LLC, commonly referred to as Hagerty, was founded in 1984 by Frank and Louise Hagerty. The company is headquartered in Traverse City, Michigan, and has since become one of the leading providers of classic car insurance in the United States and Canada.

The Hagerty family’s love for classic cars and their understanding of the unique challenges faced by collectors drove them to create an insurance product specifically designed for classic car enthusiasts. Over the years, Hagerty has expanded its offerings to include coverage for classic boats, motorcycles, and other collectible vehicles.

Types of Coverage Offered by Hagerty

Hagerty offers several types of coverage tailored to the needs of classic car owners:

Agreed Value Coverage: Unlike standard auto insurance policies that typically use actual cash value (ACV) to determine the payout in case of a total loss, Hagerty offers agreed value coverage. This means that you and Hagerty agree on the value of your vehicle upfront, ensuring that you receive the full agreed-upon amount in the event of a covered total loss.

Flexible Usage: Hagerty understands that classic cars are often not used as daily drivers. Their policies offer flexible usage options, allowing you to enjoy your vehicle at car shows, exhibitions, club events, and occasional pleasure driving without the restrictions of a standard auto insurance policy.

Spare Parts Coverage: Many classic car owners invest in spare parts and accessories to maintain and restore their vehicles. Hagerty offers coverage for spare parts, ensuring that your investment in replacement parts is protected.

No Deductible: In some cases, Hagerty offers zero deductible on comprehensive and collision coverage, further enhancing the value of their policies for classic car owners.

Expert Claims Handling: Hagerty has a team of specialists who understand classic cars and the unique challenges associated with insuring them. This expertise extends to claims handling, ensuring that your claims are processed efficiently and fairly.

Factors Influencing Hagerty Insurance Costs

Several factors can influence the cost of Hagerty classic car insurance:

Vehicle Value: The value of your classic car is a significant factor in determining insurance costs. Higher-valued vehicles typically require higher premiums.

Vehicle Usage: How you use your classic car can impact your insurance costs. Limited mileage and careful storage can result in lower premiums.

Driver’s Age and Experience: Your age and driving experience can also influence insurance costs. Older, more experienced drivers may benefit from lower premiums.

Driving Record: A clean driving record with no accidents or violations can lead to lower insurance premiums.

Location: Your location can affect insurance costs due to factors such as climate, crime rates, and local regulations.

Coverage Options: The specific coverage options you choose, such as agreed value coverage, spare parts coverage, and deductible options, will impact your insurance costs.

Benefits of Hagerty Insurance

Choosing Hagerty for your classic car insurance needs offers several benefits:

Specialized Coverage: Hagerty’s policies are specifically designed for classic and collector cars, providing comprehensive coverage tailored to your vehicle’s unique needs.

Expertise: With decades of experience in insuring classic cars, Hagerty has a deep understanding of the collector car market and can offer expert advice and guidance.

Claims Process: Hagerty’s claims specialists understand the intricacies of classic cars and work diligently to ensure a smooth claims process in the event of a covered loss.

Flexible Usage: Hagerty’s flexible usage options allow you to enjoy your classic car without the limitations often imposed by standard auto insurance policies.

Community Engagement: Hagerty is actively involved in the classic car community, sponsoring events, publications, and educational programs that benefit classic car enthusiasts.


Hagerty Insurance Agency specializes in providing comprehensive coverage for classic and collector cars. Their policies offer unique benefits such as agreed value coverage, flexible usage options, and expert claims handling. Factors such as vehicle value, usage, driver’s age and experience, driving record, location, and coverage options can influence the cost of Hagerty insurance. Classic car owners who value specialized coverage and expert service often choose Hagerty for their insurance needs.

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