Hagerty (NYSE:HGTY) is a specialized automotive lifestyle and insurance company that caters primarily to collectible car enthusiasts. Its core business centers on offering classic vehicle insurance policies designed to protect antique, vintage and specialty automobiles, motorcycles and boats. These policies typically feature agreed-value coverage, flexible usage options and access to restoration services, aligning with the unique needs of collectors and hobbyists.
Beyond insurance, Hagerty operates a comprehensive suite of community and content services under its automotive lifestyle brand. The company publishes valuation data and price guides for collectible vehicles, hosts auctions and events that bring enthusiasts together, and produces editorial content through magazines, digital platforms, podcasts and videos. It also maintains an online marketplace where members can buy, sell or consign classic cars and automotive memorabilia.
Headquartered in Traverse City, Michigan, Hagerty serves a global clientele with operations extending across the United States, Canada and parts of Europe, including the United Kingdom and Germany. Its regional divisions tailor insurance products and membership services to local regulations and collector preferences, while its digital platforms provide real-time market insights and community engagement forums for car enthusiasts worldwide.
Founded in 1984 by Frank and Louise Hagerty, the company has grown from a small regional insurer into a publicly traded entity listed on the New York Stock Exchange in 2021. Under the guidance of its founding leadership and an experienced executive team, Hagerty continues to expand its reach across insurance, media, events and digital marketplaces, aiming to foster the next generation of automotive passion and preservation.
