Work Here?
About Hagerty
Industries
Automotive & Transportation
Consumer Goods
Company Size
11-50
Company Stage
IPO
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, access to exclusive events, and discounts on car-related products. The company also fosters a strong community through content creation, such as articles and virtual car shows, which helps engage car lovers and attract new clients. By focusing on the classic car segment of the automotive market, Hagerty caters to a dedicated clientele who view their vehicles as investments and pieces of history. Their goal is to support and connect car enthusiasts while providing specialized services that meet their unique needs.
Simplify's Take
What believers are saying
- Increased interest in 1990s cars boosts demand for Hagerty's services.
- $375 million credit facility allows expansion and technology investment.
- Partnerships with motorsport initiatives enhance brand visibility and attract younger demographics.
What critics are saying
- Competition from digital-first insurers threatens Hagerty's market share.
- Rising popularity of electric vehicles may impact Hagerty's long-term growth.
- Economic downturns can reduce spending on classic cars, affecting Hagerty's revenue.
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
$1299M
Above
Industry Average
Funded Over
4 Rounds
Benefits
Remote Work Options
Health Insurance
Dental Insurance
Vision Insurance
Paid Sick Leave
Paid Holidays
Company News
The Amelia's 30th Annual Celebration Saw a Weekend of Fine Dining, Driving Experiences, Live Auctions, and the Amelia Concours D'Elegance—Showcasing Hundreds of Exquisite Vehicles from Around the WorldAMELIA ISLAND, Fla., March 12, 2025 /PRNewswire/ -- Among a distinguished field of more than 240 historically significant automobiles, spanning 35 classes, a 1938 Alfa Romeo 8C 2900 claimed the prestigious title of Best of Show, Concours d'Elegance, while a 1967 Lotus 49 was honored as Best of Show, Concours de Sport at the 30th Amelia Concours d'Elegance. Event press releases, concours results, photos and the event program can be found here.Best of Show – Concours d'Elegance: The 1938 Alfa Romeo 8C 2900 Chassis No. 412028 is believed to be one of the prototypes for the 1938 Mille Miglia. When it was restored, it was found that the car was an original short chassis model, and the engine had different characteristics than that of the Sport 8C 2.9, including a larger and different exhaust system. The car was ordered new in 1938 by the famous Italian racing champion Giuseppe Farina. It is the only 8C 2900 bodied by Farina."My husband and I won an award here together in 2020
Hagerty Inc secures $375 million credit facility.
Title sponsor Pennzoil, Forza and Hagerty are aligned perfectly with DirtFish for this year's WIM Summit
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
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.
Hagerty is Hiring for 5 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Hagerty
Industries
Automotive & Transportation
Consumer Goods
Company Size
11-50
Company Stage
IPO
Headquarters
Traverse City, Michigan
Founded
1983
Hagerty is Hiring for 5 Jobs on Simplify!
Find jobs on Simplify and start your career today