Hagerty Insurance Review & Ratings (2024)

Hagerty Insurance is a well-known insurance company that specializes in coverage for classic and collector cars. The company has a long history of providing high-quality insurance products and services to customers in all 50 U.S. states, as well as in Canada and the UK. Hagerty offers a range of insurance options at different price points, and customers can often save money by taking advantage of the company’s discounts and cost-saving measures. Overall, Hagerty Insurance is a great choice for classic car owners and collectors who want specialized coverage and exceptional customer service.

What You Should Know About Hagerty

Hagerty Insurance Coverage Options

Hagerty insurance offers a range of specialized insurance policies for classic and collector vehicles. Their policies are designed to cater to the unique needs of classic and collector car owners, who have different requirements and concerns compared to the owners of everyday cars. Some of the products and services offered by Hagerty insurance include:

• Guaranteed value coverage: Hagerty’s Guaranteed Value Coverage is designed to provide agreed-upon value coverage for classic and collector cars. This means that in the event of a covered total loss, Hagerty will pay out the full agreed-upon value of the vehicle with no depreciation.
• Liability coverage: Hagerty offers liability coverage for car events and car club activities. This coverage can protect the car owner in case of any accidents or damage caused by the vehicle during a car event or club activity. This policy can provide financial protection in case of lawsuits, settlements, or legal fees that may arise from such incidents.
• Spare parts coverage: Hagerty offers coverage for damage or theft of spare parts. This coverage can be particularly important for classic car owners who may need to source rare or hard-to-find parts to keep their vehicles in good working order. Spare parts coverage can provide financial protection in case of damage or theft of these important components.
• Trip interruption coverage: This coverage is designed to cover expenses incurred when a vehicle is disabled while on a road trip. It can include expenses such as lodging, transportation, and food and can help car owners get back on the road as quickly as possible.
• Coverage for classic boats and motorcycles: In addition to coverage for classic and collector cars, Hagerty also offers specialized insurance policies for classic boats and motorcycles. These policies are designed to cater to the unique needs of boat and motorcycle owners and can provide comprehensive coverage for these valuable assets.

The cost of Hagerty insurance policies varies depending on a variety of factors, including the type of vehicle, the coverage needed, and the location.

In what states is Hagerty Insurance offered?

Hagerty insurance is offered in all 50 states in the United States, as well as in Canada and the United Kingdom. This means that customers in all parts of the U.S. can purchase Hagerty insurance policies for their classic and collector vehicles.

Additionally, Hagerty has a global network of agents and partners that can help customers find the right insurance policy for their unique needs. Hagerty’s broad coverage area and extensive network of agents make them a popular choice for classic car owners and collectors.

Hagerty Insurance Rates Breakdown

The cost of Hagerty insurance depends on a variety of factors, including the type of vehicle being insured, the level of coverage selected, the driver’s age and driving history, and other factors. Because classic and collector vehicles often require specialized coverage, the cost of insurance can sometimes be higher than for a standard car insurance policy. That being said, Hagerty offers a variety of insurance options at different price points to meet the needs of different customers. Generally speaking, Hagerty insurance is competitively priced in the classic car insurance market, and customers can often save money by taking advantage of the company’s discounts and other cost-saving measures. To get a better idea of how much Hagerty insurance might cost for your specific vehicle and situation, it’s best to contact the company directly or use their online quote tool. By providing some basic information about your vehicle and your driving history, you can get a personalized quote that reflects your unique needs and circumstances.

Hagerty Discounts Available

Hagerty insurance offers a range of discounts to help customers save money on their insurance policies. These discounts are designed to reward safe driving, responsible ownership, and loyalty to the company. Here are some of the discounts that are available:

• Multi-vehicle discount: Hagerty offers a discount for customers who insure multiple vehicles on the same policy. This discount can provide significant savings for customers who own multiple classic or collector cars.
• Safe driver discount: Hagerty rewards safe driving with a discount for customers who have a good driving record. Customers who have a clean driving history and no recent accidents or traffic violations may be eligible for this discount.
• Storage discount: If a classic car is kept in a secure storage facility, Hagerty offers a discount on the insurance policy. This discount recognizes the fact that vehicles kept in storage are less likely to be damaged or stolen.
• Club membership discount: Hagerty offers discounts to customers who are members of classic car clubs or organizations. This discount recognizes the fact that many classic car owners are passionate about their vehicles and participate in car clubs and events.
• Loyalty discount: Hagerty rewards loyal customers with a discount on their insurance policies. This discount is available to customers who have been insured with Hagerty for a certain period of time.

It’s important to note that not all discounts are available in all states, and the amount of the discount may vary depending on the location and other factors. To find out more about the discounts that are available in your area, it’s best to contact Hagerty directly.

Navigating Hagerty Insurance Claims Process

Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)

Hagerty Insurance offers a convenient and user-friendly claims process for its customers. Policyholders have the option to file a claim online through the company’s website, over the phone by contacting their dedicated claims team, or even through mobile apps for added convenience. This multi-channel approach ensures that customers can choose the method that suits them best, making the claims process more accessible and efficient.

Average Claim Processing Time

The speed at which an insurance company processes claims is crucial to providing excellent service to its customers. While specific processing times may vary depending on the complexity of the claim, Hagerty Insurance is known for its efficient claim processing. On average, customers can expect their claims to be handled promptly, reducing the stress associated with vehicle damage or loss.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback is a valuable indicator of an insurance company’s performance. Hagerty Insurance has received positive reviews from customers regarding its claim resolutions and payouts. Many policyholders have reported satisfaction with the way Hagerty handles claims, praising the company’s fairness and professionalism. This positive feedback underscores the insurer’s commitment to providing reliable support during the claims process.

Unveiling Hagerty Insurance Digital and Technological Advancements

Mobile App Features and Functionality

Hagerty Insurance offers a feature-rich mobile app designed to enhance the customer experience. The app allows policyholders to manage their policies, access important documents, and even file claims directly from their smartphones. With user-friendly navigation and real-time updates, the mobile app empowers customers with convenient, on-the-go access to their insurance information.

Online Account Management Capabilities

For those who prefer managing their policies online, Hagerty’s online account management portal is a valuable resource. Customers can log in to their accounts to review policy details, make payments, and update their information. This online platform simplifies policy management, giving users full control over their insurance policies.

Digital Tools and Resources

Hagerty Insurance provides an array of digital tools and resources to assist its customers. These resources include educational materials, guides on classic car care and maintenance, and even valuation tools to help policyholders understand the worth of their collector vehicles. These digital resources demonstrate Hagerty’s commitment to supporting its customers beyond insurance coverage, making it a comprehensive partner for classic car enthusiasts.

How Hagerty Ranks Among Providers

Hagerty Insurance, with its specialization in providing coverage for classic and collector vehicles, faces competition from several companies in the insurance market. These competitors offer similar services, catering to the unique needs of car enthusiasts and owners of vintage and collector cars.

• American Collectors Insurance: American Collectors Insurance is a direct competitor to Hagerty, specializing in classic and collector car insurance. They offer agreed value coverage, flexible usage options, and a range of discounts tailored to classic car owners.
• Grundy Worldwide: Grundy Worldwide is another prominent player in the classic car insurance market. They provide agreed value coverage, unlimited mileage options, and coverage for spare parts. Grundy is known for its straightforward approach to insuring collector cars.
• Classic Car Insurance from Nationwide: Nationwide offers classic car insurance with features such as agreed value coverage, flexible usage, and coverage for restoration and spare parts. Their nationwide presence makes them a competitor to Hagerty.
• Chubb Collector Car Insurance: Chubb specializes in high-value insurance, including collector car coverage. They offer agreed value coverage, a variety of deductible options, and access to a network of specialists for appraisals and repairs.
• Condon Skelly: Condon Skelly is a classic car insurance provider offering customizable coverage options, agreed value coverage, and additional features such as coverage for automobilia and automotive tools.

Choosing the right insurance for your classic or collector car is a significant decision. While Hagerty Insurance is a leading provider in this niche, exploring alternatives like American Collectors Insurance, Grundy Worldwide, Nationwide, Chubb Collector Car Insurance, and Condon Skelly allows you to make an informed decision tailored to your specific needs and preferences. Remember to compare quotes, coverage options, and customer reviews to ensure your prized possession gets the protection it deserves.

What are customers saying about Hagerty Insurance?

Hagerty insurance has an excellent reputation among classic car enthusiasts and has received high marks from customers for its customer service, claims handling, and competitive rates. Customers have reported that the company’s strengths include its knowledgeable and friendly staff, easy claims process, and customized coverage options.

However, some customers have reported that the cost of the policies can be higher than other insurance providers. Overall, Hagerty insurance is a highly recommended choice for those looking for specialized coverage for their classic and collector vehicles.