Hagerty Insurance

Hagerty Insurance: Collector & Classic Car Coverage

When it comes to protecting collector and classic cars, Hagerty Insurance is the name trusted by car enthusiasts nationwide. Unlike standard auto carriers, Hagerty specializes in insuring vehicles that are more than just transportation. They are investments, passions, and pieces of history. With Guaranteed Value coverage, expert claims service, and flexible usage options, Hagerty stands out as the go-to provider for classic and specialty vehicle owners.

Eligibility Guidelines for Hagerty Insurance

Not every vehicle qualifies for Hagerty’s collector program, but if your client owns a collectible or classic car, Hagerty is often the best fit. Here’s what you need to know:

Usage & Mileage

• Eligible for club functions, exhibitions, meets, tours, and occasional pleasure driving
• Seasonal driving allowance: commuting or errands up to 5 months per year in certain cases
• Mileage expectations: 3,500 miles or less per year, with options up to 7,500 depending on the vehicle

Storage Requirements

Hagerty prefers enclosed, secure storage, but offers flexible options:

• Preferred: private garages, pole barns, storage units
• Considered with conditions:
• Carports (except CA and parts of FL) with 24/7 security
• Parking garages (except CA) with assigned spots and limited access
• Enclosed trailers or car condos
• Not acceptable: tents, domes, streets, public parking lots, or temporary canvas structures

Driver Eligibility

• No coverage for households with serious infractions (DUIs, reckless driving, excessive speeding)
• Minor violations or accidents may still qualify after underwriting review

Vehicle Exclusions

Certain vehicles are ineligible, including:

• Daily drivers
• Off-road or recreational vehicles
• Commercial-use vehicles
• Performance-modified motorcycles

Daily Use Vehicle Requirement

Every licensed driver in the household must have access to a reliable daily-use vehicle. Motorcycles and public transportation typically do not qualify as primary transportation.

Coverage Limits

• Hagerty encourages liability limits equal to or less than the driver’s Personal Auto Policy (PAP)
• Business Auto Policies (BAP) with personal endorsements may be considered, with state exceptions in GA, KS, MN, NY, and NC

Value Adds That Set Hagerty Insurance Apart

Hagerty goes beyond traditional coverage by offering unique benefits designed for collectors and enthusiasts:

• Guaranteed Value: The insured value is agreed upon upfront. In the event of a covered total loss, Hagerty pays that amount minus deductible.
• Expert Claims: Adjusters trained in classic car repairs and in-house parts specialists ensure repairs are accurate and authentic.
• Knowledgeable Support: Classic and collector experts are available seven days a week to answer questions.
• Flexible Usage: Drive to shows, exhibitions, or even run errands and commute up to 60 times a year in most states.
• Youthful Operators: Drivers as young as 16 with a clean record can drive when supervised.
• Wide Vehicle Coverage: From classic cars and trucks to boats, motorcycles, and even tractors, Hagerty covers a wide spectrum of collector vehicles.
• Beyond Insurance: Hagerty Drivers Club, Clients can join the Hagerty Drivers Club for exclusive perks like:
• 24/7 emergency roadside assistance
• Discounts on automotive services and events
• Subscription to Hagerty Drivers Club Magazine
• VIP access at shows and community events

Coverages Available Through Hagerty

Hagerty Insurance doesn’t stop at standard collector car policies. Their portfolio is built to handle a wide range of specialty vehicles, luxury vehicles, and collections. This breadth of coverage makes them an ideal partner for enthusiasts with diverse garages:

• Collector and Classic Cars: Coverage for vehicles with collectible value, from antiques to modern classics
• 1990 and Newer Collector Vehicles: Many newer models already carry collector appeal. Hagerty recognizes and protects these vehicles
• Collector Trucks & SUVs: From vintage pickups to restored 4x4s, Hagerty has coverage options that account for modifications and usage
• Motorcycles and Scooters: Specialized motorcycle coverage, with restrictions on performance modifications
• Collector Boats: Protecting wooden boats, runabouts, and other marine classics
• Motorsports Vehicles: Insurance for vehicles used in racing, exhibitions, and performance events
• Modified and Custom Cars: Whether hot rods or restomods, Hagerty accommodates customized vehicles
• Classic and Antique Tractors: Coverage for agricultural history pieces that have become collectibles
• Collector Military Vehicles: From Jeeps to transport trucks, Hagerty extends coverage to restored military vehicles
• Retired Commercial Vehicles: Former work vehicles that are no longer used commercially but preserved as collectors
• Vintage Camper Trailers: Protecting restored or classic travel trailers and campers
• High-Value Collections: Tailored policies for large collections, offering streamlined management under one umbrella
• Emergency Roadside Services: Available through Hagerty Drivers Club, ensuring peace of mind when clients are on the road

With such a wide range of options, Hagerty offers flexibility that most standard insurers cannot match.

High Value Homeowners Insurance

Coastal Insurance Solutions: Your Partner in Collector Car Coverage

At Coastal Insurance Solutions, we specialize in helping clients navigate their options between Hagerty and other leading carriers. Our team goes beyond quoting. We advise on strategy, structure, and integration of your auto coverage with the rest of your insurance portfolio.

We help clients:

• Compare Hagerty vs American Collectors vs PURE, Chubb vs Cincinnati
• Decide whether to bundle or separate collector auto policies from standard autos and homeowners coverage
• Secure agreed value protection for collector, antique, and exotic cars
• Integrate umbrella liability and collection coverage to ensure seamless protection across all assets
• Leverage both specialist insurers like Hagerty and private client carriers for maximum flexibility

Why Work With Coastal Insurance Solutions?

Every high-net-worth household has its own unique coverage priorities. At Coastal, we understand that High-Net-Worth Insurance should be coordinated across autos, homes, and umbrellas to eliminate gaps and provide seamless protection.

Our advisors focus on the big picture while also paying attention to the details that matter most: valuation accuracy, liability alignment, and claims support.

Protecting your legacy is our top priority. Reach out today to learn the best ways to protect your autos, your home, your assets, and your family. With Coastal Insurance Solutions, you gain a trusted partner who will tailor a coverage package to your needs while comparing quotes from the finest insurance companies in the market.

Request a Hagerty Insurance quote today through Coastal Insurance Solutions.

Frequently Asked Questions About Hagerty Insurance

What makes Hagerty Insurance different from standard auto insurance?

Hagerty specializes in collector and enthusiast vehicles, offering Guaranteed Value coverage instead of depreciated payouts. This ensures you receive the full insured amount in the event of a covered total loss.

Can I use my collector car for daily commuting with Hagerty Insurance?

No. Daily commuting is not allowed, but limited errands and occasional driving, up to 60 times per year in most states, are permitted.

Does Hagerty Insurance cover modified or custom vehicles?

Yes. Hagerty insures hot rods, restomods, and other custom builds that meet their eligibility guidelines. Performance-modified motorcycles are typically excluded.

What types of vehicles qualify for Hagerty Insurance?

Coverage is available for classic cars, trucks, SUVs, motorcycles, boats, tractors, camper trailers, military vehicles, retired commercial vehicles, and even full collections.

What is the difference between agreed value and stated value insurance coverage?

Agreed value, also called Guaranteed Value, locks in the insured amount upfront. If there is a total loss, the client receives that figure without depreciation. Stated value policies allow the insurer to pay either the depreciated amount or the cost to replace the vehicle, usually whichever is lower.

How is classic car insurance different from regular car insurance?

Classic car insurance typically costs less, reflects limited use, and includes agreed value coverage. Standard auto insurance relies on actual cash value, which factors in depreciation and often results in lower claim payouts.