Hagerty, Inc. Class A Common Stock (HGTY)

Frequently Asked Questions About Hagerty, Inc. Class A Common Stock (HGTY)

Are there any notable partnerships or collaborations by Hagerty?

Hagerty has established several notable partnerships within the automotive industry, collaborating with automotive museums, restoration shops, and classic car events. These collaborations not only enhance their service offerings but also reinforce Hagerty's commitment to preserving automotive heritage and supporting the collector car community.

Does Hagerty offer discounts for multiple cars?

Yes, Hagerty does offer discounts for insuring multiple vehicles under one policy. This enables collectors with several cars to save on premiums while ensuring comprehensive coverage for each vehicle. The company encourages classic car enthusiasts to discuss their unique needs with Hagerty representatives to explore the best possible options.

Does Hagerty provide services beyond insurance?

Yes, beyond its primary insurance offerings, Hagerty provides various services to the classic car community. These include vehicle valuation tools, market insights, event sponsorship, and a digital platform for car enthusiasts to connect and share about their vehicles through Hagerty's community-focused initiatives.

How can I become a Hagerty member?

Individuals can become a Hagerty member by visiting the company's website and signing up for a policy or membership plan. Membership often includes benefits like access to community events, exclusive content about classic cars, and special offers on insurance products, creating a valuable connection between members and the Hagerty community.

How does Hagerty support automotive enthusiasts?

Hagerty actively supports automotive enthusiasts through various initiatives, including sponsoring car shows, providing content about car restoration and maintenance, and maintaining a strong presence in the collector community. The company also facilitates online communities for car lovers to interact and share their passion for classic automobiles.

How has Hagerty expanded since its founding?

Since its founding, Hagerty has expanded significantly both in market reach and product offerings. Initially serving only a small niche of classic car owners, the company has grown into a leading global provider of collector car insurance, acquiring several companies along the way, and enhancing its suite of products and services tailored to car enthusiasts.

How is Hagerty adapting to changes in the insurance industry?

Hagerty is actively adapting to changes in the insurance industry by enhancing its digital offerings and embracing technological advancements. This includes developing online platforms for policy management, leveraging data analytics for better pricing and risk assessment, and staying responsive to shifts in consumer preferences, particularly among younger automotive enthusiasts.

Is Hagerty involved in philanthropic activities?

Yes, Hagerty is involved in philanthropic activities related to automotive education and preservation. The company supports initiatives that encourage young people to engage with automotive history, craftsmanship, and the collector car hobby, often partnering with schools, museums, and automotive restoration programs.

What are some events sponsored by Hagerty?

Hagerty sponsors and hosts a variety of automotive events, including classic car auctions, collector meet-ups, and automotive lifestyle exhibitions. These events allow enthusiasts to connect, celebrate their passion for cars, and participate in activities that promote automobile culture and heritage.

What does Hagerty, Inc. do?

Hagerty, Inc. specializes in automotive insurance, particularly for classic and collector cars. The company provides insurance coverage that is tailored to the unique needs of car collectors and enthusiasts, offering services such as valuation tools, vehicle appraisals, and an extensive network of automotive experts.

What is Hagerty's approach to customer service?

Hagerty places a strong emphasis on customer service, aiming to provide personalized assistance and expertise tailored to the needs of classic car owners. The company focuses on building long-term relationships with its clients by offering dedicated representatives and resources to ensure that every policyholder receives comprehensive support and guidance.

What is Hagerty's mission statement?

Hagerty's mission statement revolves around preserving, protecting, and promoting the automotive lifestyle and collector car culture. The company aims to provide exceptional insurance products tailored to classic vehicles while fostering a community of enthusiasts who share and celebrate their passion for automobiles.

What is Hagerty's stance on automotive culture?

Hagerty is deeply committed to preserving and promoting automotive culture, particularly the vintage and classic car experience. The company engages with collectors and enthusiasts through various platforms, nurturing community and building networks that highlight the importance of automotive heritage and its influence on modern car culture.

What is the Hagerty Valuation Tool?

The Hagerty Valuation Tool is an online resource that provides car collectors and enthusiasts with updated values for classic vehicles. It offers insights based on market data, trends, and sales activity, enabling users to accurately assess the worth of their vehicles and make informed decisions about buying, selling, or restoring classic cars.

What is the significance of Hagerty's Class A Common Stock?

Hagerty's Class A Common Stock, trading under the symbol HGTY on the NYSE, represents ownership in the company. Investors can purchase these shares to gain exposure to Hagerty's business model and performance within the automotive insurance and collector car market, benefiting from dividend opportunities and potential capital appreciation.

What types of insurance does Hagerty offer?

Hagerty offers a range of insurance products specifically designed for classic, vintage, and collector vehicles. This includes liability coverage, agreed value coverage, classic car insurance, and contingent coverage options. The company also provides additional services such as roadside assistance and insurance for automotive events.

When was Hagerty, Inc. founded?

Hagerty, Inc. was founded in 1984 by Frank and Louise Hagerty, starting as a way to provide specialized insurance options for classic car owners. Over the years, the company has expanded its services and expertise in the collector car market, solidifying its position as a leader in the niche insurance industry.

Who are Hagerty's main competitors?

Hagerty's main competitors include other insurance companies that offer specialized coverage for classic and collector vehicles, such as Grundy, State Farm, and Allstate. Additionally, Hagerty faces competition from niche insurers that focus specifically on the collector car market, providing similar services and specialties.

What is the current price of Hagerty, Inc. Class A Common Stock?

The current price of Hagerty, Inc. Class A Common Stock is 8.960

When was Hagerty, Inc. Class A Common Stock last traded?

The last trade of Hagerty, Inc. Class A Common Stock was at 7:00 pm EDT on April 2nd, 2025