Hagerty

Hagerty

Specialized insurance for classic cars

About Hagerty

Simplify's Rating
Why Hagerty is rated
B
Rated C on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Automotive & Transportation

Consumer Goods

Company Size

11-50

Company Stage

IPO

Total Funding

$684.8M

Headquarters

Traverse City, Michigan

Founded

1983

Overview

Hagerty specializes in services for classic and collector car enthusiasts, offering tailored insurance policies that consider the unique value and usage of vintage vehicles. Their insurance is designed specifically for classic car owners, providing better coverage and competitive rates compared to standard auto insurance. In addition to insurance, Hagerty has a membership program that includes benefits like roadside assistance, exclusive event access, and discounts on automotive products. The company also fosters a strong community through content creation, such as articles and virtual car shows, which helps engage car lovers and build loyalty. By focusing on the classic car market, Hagerty differentiates itself from competitors in the broader automotive industry, aiming to serve a dedicated clientele that views their vehicles as investments and pieces of history.

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased interest in EV conversions for classic cars creates new insurance opportunities.
  • Online car auctions expand the market for classic cars, benefiting Hagerty's partnerships.
  • Car restoration shows boost public interest in classic cars, increasing demand for services.

What critics are saying

  • Popularity of EVs may reduce interest in classic gasoline-powered cars.
  • Digital insurance platforms offering competitive rates challenge Hagerty's traditional model.
  • Stricter environmental regulations may limit the use of classic cars, affecting customers.

What makes Hagerty unique

  • Hagerty specializes in insurance for classic and collector cars, unlike standard insurers.
  • The company offers a membership program with exclusive perks for car enthusiasts.
  • Hagerty engages its community through content creation and virtual car shows.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$684.8M

Above

Industry Average

Funded Over

4 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Remote Work Options

Health Insurance

Dental Insurance

Vision Insurance

Paid Sick Leave

Paid Holidays

Company News

DirtFish
Feb 25th, 2025
DirtFish Women in Motorsport Summit - Our perfect partners

Title sponsor Pennzoil, Forza and Hagerty are aligned perfectly with DirtFish for this year's WIM Summit

PR Newswire
Feb 18th, 2025
Hagerty To Report Fourth Quarter 2024 Results And Host Conference Call On Tuesday, March 4, 2025

TRAVERSE CITY, Mich., Feb. 18, 2025 /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its fourth quarter 2024 financial results before the market opens on Tuesday, March 4, 2025.Hagerty will hold a conference call to discuss the financial results at 10:00 am Eastern Time on that day. A live webcast of the conference call will be available on Hagerty's investor relations website at investor.hagerty.com. The dial-in for the conference call is (877) 423-9813 (toll-free) or (201) 689-8573 (international). Please dial the number 10 minutes prior to the scheduled start time.A webcast replay of the call will be available at investor.hagerty.com following the call.About Hagerty, Inc.Hagerty is an automotive enthusiast brand committed to saving driving and to fueling car culture for future generations

Hagerty
Feb 18th, 2025
Final Parking Space: 1952 Chrysler Windsor Deluxe Six-Passenger Sedan

In fact, this 1952 Windsor Deluxe, found in the same Northern Colorado boneyard that gave The Hagerty Group the 400K-mile Mercedes-Benz W123 a few weeks back, is the first Chrysler-badged car in this series.

Yahoo Finance
Jan 26th, 2025
6 Cars From The 1990S That Are Worth A Lot Of Money

©McLaren While the 1990s were known for a lot of things — Jerry Springer, boy bands, frosted tips and Wall Street greed may come to mind — priceless automotive engineering might not be high on the list. Oh, but how a few decades can change things. Because now, many cars from the ’90s are worthy of Gordon Gekko money. Be Aware: I’m a Mechanic: 9 Cars I Would Never Buy and Why They Aren’t Worth It Read Next: 4 Low-Risk Ways To Build Your Savings in 2025 Here are six cars from the 1990s that aged better than Tom Hanks and Julia Roberts combined. If you’re looking to invest in a vehicle with the aim using it to build wealth, these might be worth considering. Here’s a little compact that packs a lot of punch

Hagerty
Dec 11th, 2024
Hagerty Drivers Foundation Sparks Student Engagement in Motorsports

As part of its mission to preserve automotive culture and history, the Hagerty Drivers Foundation has partnered with the Motorsports Hall of Fame of America (MSHFA) and its "Students Preserving American Racing Knowledge" (SPARK) initiative.

Recently Posted Jobs

Sign up to get curated job recommendations

Hagerty is Hiring for 7 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update Hagerty's jobs every few hours, so check again soon! Browse all jobs →