Hagerty Car Insurance Review

Hagerty Car Insurance is one of the most unique car insurance companies in the world. The Hagerty car insurance company is widely respected in the car collector world specializing in auto insurance coverage for many of the nations most prized automobiles.

” The next time you see a classic car such as a 1967 Corvette or a 1969 Ford Mustang odds are the owner is insured with Hagerty Insurance “

Founded in 1983 by Frank and Louise Hagerty as a boutique insurance company for collector boats the company quickly secured almost 50% of all vintage boat owners in the USA so naturally collector car insurance would soon follow. In 1991 classic car insurance was added to the portfolio mix and the company has since grown to the leading insurance company for collector car and boat insurance in the world.

Facts about the Hagerty Insurance Company

• Over 16 years experience specializing in collector car insurance and road service
• Offers Agreed Value Coverage* – Should a policyholder suffer total vehicle loss the Hagerty insurance company will reimburse the owner for a full agreed value vs. book value
• Multiple policy options including flexible usage, choice of repair facilities and more
• 24 hour / 4 day week Flatbed towing for classic vehicles
• Membership in Hagerty Plus – somewhat of an exclusive club for vintage car collectors and enthusiasts
• Online account management including policy management and payment
• Online claims handling

The Hagerty Car Insurance company holds an A rating by A.M Best and trades under the symbol OB on the New York Stock Exchange. Many of the worlds top car collectors insure their vehicles through Hagerty Insurance and Hagerty continue to outperform most all major car insurance companies for pricing on auto insurance rates when it comes to classic cars.

Why People Choose Hagerty?

The story behind Hagerty Insurance and the founders is probably one of the best success stories in America but unless you are a vintage car owner or enthusiast its possible you may not recognize the Hagerty brand. Hagerty insurance is one of the largest sponsors of car collector events, publishes the exclusive Hagerty’s Magazine and offers specialized car insurance policies for many unique vehicles including:

• Classic Cars
• Exotic Cars
• Newer vehicles w/ limited production
• Replica Cars
• Modified Cars
• Fire trucks
• Commercial Vehicles
• Racing Cars
• Military Vehicles
• And More

The Hagerty group even has a dedicated Private Client Services group dedicated specifically to owners of high value collections.

” If we were gambling people it might be a safe bet to say Jerry Seinfeld and Jay Leno are most likely clients of the Hagerty group since both have extensive and expensive car collections “

Car collectors are known for collecting almost anything car related so the Hagerty car insurance company also allows policy holders to add automotive collectibles to a classic car insurance policy. Amazing really – you can actually get car insurance coverage for your model car.

Hagerty Car Insurance Downfalls

The value of a classic car is often seen through two sets of eyes. One is the value the car owner believes a vehicle to be worth and the other is how much a car insurance company can justify as value. Antique cars are often fairly easy to appraise however sometimes an owner’s opinion can differ greatly from that of an insurance company.

The company also has a strict policy when it comes to the driving record of a vehicle owner where even a couple minor traffic infractions can possibly exclude you from coverage.

Hagerty also balances high replacement values by analyzing how a classic car is being stored. For example, a 1969 Mustang parked in your backyard underneath a tree is most likely not going to be insured however if you have the car stored in a garage or other enclosed area it tells Hagerty you are a responsible owner and caring for the vehicle as one would expect.

At the end of the day Hagerty car insurance company is a top choice among classic car collectors and owners should always get a Hagerty car insurance quote in addition to comparing other providers.

Ready to shop for car insurance? Simply enter your zip code above right now!

Hagerty Auto Insurance Details

Hagerty car insurance is for collectors of classic cars and boats. Insurance is available for collector vehicles used for limited driving for pleasure purposes, car shows, and other events. If you are a classic car enthusiast with your first classic car needing insurance coverage, or you are looking for a better coverage option than what you currently have, Hagerty may have what you’re looking for.

Types of Cars and Vehicles that can Be Insured

Classic cars need special insurance because they are special vehicles. However, not just any car is considered a classic or collector vehicle. Your car needs to qualify if you want to get the right insurance. The following vehicles qualify for classic car coverage:

1. Antique and Classic Vehicles

Antique and classic vehicles are the core type of cars that qualify. The car needs to be more than just old. Age alone no longer qualifies a car as an antique or a classic because many cars built in the 70s and 80s were not good quality. Assuming the vehicle is 20 to 25 years old, some characteristics of a classic car may include:

• Convertibles
• Sport cars with 2 doors
• Foreign sport cars
• Unique body shapes

If your car fits this description, it may qualify as a classic car that can be covered.

2. Newer Cars

Some newer cars, under 20 to 25 years old, may also qualify as classic cars, or at least collector cars even though they aren’t old. Usually limited production or exotic cars will fall into this category such as Ferraris, Dodge Vipers, Plymouth Prowlers, etc. After the type of car, whether or not they can be considered for the insurance coverage depends on the use of the vehicle as with any collector car.

3. Modified Vehicles

There are several different kinds of modified cards that can be considered for coverage including cars with a high-value custom paint job, cars that have been modified to increase performance significantly, and structurally altered vehicles. Only certain modifications will be allowed, usually those that add a much higher value.

Replicas are a reproduction of regular vehicles that may either be professionally assembled or built at home. They have to be examined by Hagerty and can’t simply be a home-built kit car. Lowriders have been modified with hydraulic or air bag suspension systems. They can be lowered very close to the ground or bounce off the ground. Tuners are highly customized foreign cars that may also be considered a classic car for insurance purposes.

4. Other Vehicles

The above are the main types of collector or classic cars that qualify for Hagerty insurance. Other qualified vehicles may include:

• Trucks
• Utility vehicles
• Retired commercial vehicles
• Motorcycles
• Scooters
• Trailers
• Restored vehicles
• Military vehicles
• Tractors

Do You Qualify?

Your vehicle needs to be qualified to get insurance, but so do you. Plus, how your vehicle is used and stored is important. Collector vehicles must only be used on a limited basis, usually used for functions and exhibits. It must be stored in an enclosed and secure structure when it isn’t in use. You also must have a very good driving record and another vehicle that you use on a regular basis.

Hagerty Plus Roadside Assistance

Hagerty offers great insurance coverage, but in addition to that, you also get roadside assistance. You get guaranteed towing and roadside assistance that is geared exclusively toward collector vehicles. Through this program, you also get automatic membership into the Historic Vehicle Association where you can get the Hagerty magazine, discounts, and other resources.

Getting Insured through Hagerty

If you think you qualify for Hagerty insurance and you want to get a policy for your collector vehicle, you can get a quote directly through Hagerty to see the estimated cost of coverage for your vehicle. Then you can apply, and once accepted, set up a policy for your classic collector vehicle.

If you already have Hagerty classic car insurance quotes then why not shop around for rates from other companies too? Just enter your zip code in now to get started!