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Hagerty Insurance Agency

As a car enthusiast in the USA, you understand the value of protecting your prized possession with the right insurance coverage. With numerous options available, it can be overwhelming to choose the perfect insurance agency for your needs. In this article, we’ll delve into the world of Hagerty Insurance Agency, a renowned specialist in classic and collector car insurance. We’ll explore their plans, pricing, and features, making it easier for you to decide if Hagerty is the right fit for you.

What is Hagerty Insurance Agency?

Hagerty Insurance Agency is a Michigan-based company founded in 1984 by Frank and Kim Hagerty. Initially, they focused on classic boat insurance but soon expanded to include classic and collector cars. Today, Hagerty is a leading insurance provider for vintage and rare vehicles, with over 700,000 policies in force.

Hagerty’s Insurance Plans

Hagerty offers three primary insurance plans for car enthusiasts:

1. Guaranteed Value® (GV) Policy

FeaturesDescription
Agreed ValueYou and Hagerty agree on the vehicle’s value
Zero DeductibleNo deductible for claims
Comprehensive CoverageProtection against theft, vandalism, and natural disasters
Liability CoverageProtection against bodily injury and property damage
Roadside Assistance24/7 support for towing, fuel delivery, and more

2. Classic Car Policy

FeaturesDescription
Actual Cash Value (ACV)Vehicle’s value based on market conditions
Low Deductible$100 or $250 deductible options
Comprehensive CoverageProtection against theft, vandalism, and natural disasters
Liability CoverageProtection against bodily injury and property damage
Roadside Assistance24/7 support for towing, fuel delivery, and more

3. Collector Car Policy

FeaturesDescription
Agreed ValueYou and Hagerty agree on the vehicle’s value
Zero DeductibleNo deductible for claims
Comprehensive CoverageProtection against theft, vandalism, and natural disasters
Liability CoverageProtection against bodily injury and property damage
Roadside Assistance24/7 support for towing, fuel delivery, and more
Enhanced CoverageOptional coverage for spare parts, tools, and more

Comparison with Other Insurance Providers

Insurance ProviderHagertyState FarmGeicoProgressive
SpecializationClassic and collector carsGeneral insuranceGeneral insuranceGeneral insurance
Agreed Value
Zero Deductible
Roadside Assistance
Liability Coverage
Comprehensive Coverage

Pricing

Hagerty’s pricing varies based on factors like vehicle value, location, and driving history. On average, their premiums are:

  • 30-40% lower than State Farm
  • 20-30% lower than Geico
  • 10-20% lower than Progressive

Additional Features and Benefits

  • Hagerty Valuation Tool: Get an estimated value for your vehicle
  • Hagerty Drivers Club: Exclusive membership with benefits like roadside assistance, discounts, and more
  • Hagerty Magazine: A quarterly publication for car enthusiasts
  • Hagerty Events: Participate in car shows, rallies, and other events

Conclusion

Hagerty Insurance Agency is a top choice for car enthusiasts seeking specialized insurance coverage for their classic and collector vehicles. With its Guaranteed Value® policy, comprehensive coverage, and competitive pricing, Hagerty stands out from general insurance providers. While other insurers may offer similar coverage, Hagerty’s expertise and dedication to the classic car community make it a preferred choice. If you’re a car enthusiast, consider Hagerty Insurance Agency for your insurance needs.

FAQs

  1. What types of vehicles does Hagerty insure?
    Hagerty insures classic, collector, and vintage vehicles, including cars, trucks, motorcycles, and boats.
  2. What is the minimum value for a vehicle to be insured by Hagerty?
    Hagerty typically insures vehicles with a value of $5,000 or more.
  3. Can I drive my vehicle for pleasure with Hagerty insurance?
    Yes, Hagerty allows limited pleasure driving, usually up to 2,500 miles per year.
  4. Does Hagerty offer multi-vehicle discounts?
    Yes, Hagerty offers discounts for insuring multiple vehicles.
  5. Can I cancel my Hagerty policy at any time?
    Yes, you can cancel your policy at any time, but be sure to review the terms and conditions for any potential fees.