Hagerty is a leading insurance provider specializing in classic cars and collectible vehicles. Founded in 1984 and headquartered in Traverse City, Michigan, Hagerty has built a reputation for offering comprehensive insurance products tailored to meet the unique needs of car collectors and enthusiasts. In addition to insurance, Hagerty provides a range of services aimed at preserving and celebrating automotive culture. The company has a significant presence across the United States, serving a passionate community of car owners and offering coverage options that protect cherished vehicles.

Services and Solutions

Hagerty offers a suite of insurance products and services specifically designed for the classic and collector car market. Their expertise in this niche makes them a trusted provider for automotive enthusiasts. Key services include:

• Classic Car Insurance: Hagerty provides agreed value coverage, which ensures that policyholders are compensated for the full insured value of their vehicles in the event of a total loss. This distinguishes Hagerty from standard auto insurance providers.
• Automotive Enthusiast Insurance: In addition to classic cars, Hagerty offers insurance for exotic cars, boats, motorcycles, and other collector vehicles, providing tailored coverage to meet the specific needs of collectors.
• Hagerty Drivers Club: This membership-based service offers access to exclusive benefits, including roadside assistance, discounts on automotive products and services, and invitations to special events like car shows and auctions.
• Valuation Tools and Resources: Hagerty provides online tools to help car owners estimate the value of their vehicles, as well as industry insights and reports on market trends in the collector car space.

Employee Benefits and Compensation

Hagerty is known for providing a competitive benefits package designed to support employee well-being and foster professional growth. Key benefits include:

• Health and Wellness: Hagerty offers comprehensive health insurance plans, including medical, dental, and vision coverage, along with wellness initiatives designed to promote physical and mental well-being.
• Retirement and Savings: Employees have access to a 401(k) retirement savings plan with company matching, helping them plan for long-term financial security.
• Work-Life Balance: Hagerty supports flexible working arrangements, including remote work options, allowing employees to balance personal commitments with professional responsibilities.
• Professional Development: The company encourages continuous learning and professional growth, offering training programs, leadership development, and opportunities for career advancement.
• Paid Time Off: Generous paid time off policies, including vacation, holidays, and personal leave, ensure employees have time to recharge and maintain a healthy work-life balance.

Business Divisions

Hagerty operates through several key divisions, each focused on supporting its mission of preserving and protecting the automotive lifestyle:

• Hagerty Insurance: The core of Hagerty’s business, offering specialized insurance products for classic and collector vehicles, motorcycles, boats, and more.
• Hagerty Drivers Club: A membership-based service that provides exclusive benefits to car enthusiasts, including roadside assistance and discounts on automotive services.
• Hagerty Media: Hagerty produces automotive content through its media division, including articles, videos, and event coverage that celebrates automotive culture and history.
• Hagerty Events: The company hosts automotive events across the country, including car shows, auctions, and driving experiences that bring together enthusiasts from all over the world.

Summary

Hagerty is a premier provider of classic car insurance and automotive enthusiast services, with a mission to preserve and protect automotive culture. With a strong presence in the United States, Hagerty offers comprehensive coverage options and a range of benefits that appeal to both car collectors and employees alike.

For actuarial professionals, Hagerty presents a unique opportunity to work in a niche market that blends insurance expertise with a passion for automobiles. Actuarial roles at Hagerty involve pricing, risk assessment, and product development, with the chance to contribute to the company's ongoing growth and success in the collector car market.

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