Our deep knowledge of cars and their owners lets us offer you exceptional classic car insurance coverage for less.
Benefits of car insurance through Hagerty
Guaranteed Value® coverage
In the event of a covered total loss, you receive every cent of your car's insured value.* No depreciation. No messing around. No hassle.
Insuring a car through Hagerty allows occasional pleasure use.** You can go for a weekend drive, take your vehicle up to the local ice cream shop or attend unlimited events and cruises.
Expert Claims Handling
Our in-house parts specialists can help you track down replacement LKQ, OEM, or NOS parts—if they're out there, we'll find them. Hagerty maintains an extensive list of resources for hard-to-find parts.
You'll save money
Because we specialize in collector car insurance, premiums through Hagerty are up to 21% lower than daily driver insurance.***
Unparalleled service and knowledge
We know collectible and vintage cars, so you deal with real people who understand your car and your needs.
We care about our future
At Hagerty, we believe it is our responsibility to support organizations and initiatives that help make sure the vehicles we love—and the lifestyles that revolve around them—not only survive, but thrive, well into the future. We are dedicated to supporting car culture through our suite of Youth Programs and support of the RPM Foundation and Hagerty Drivers Foundation.
Protect your car, even in a total loss
With Hagerty, we know your collector vehicle is filled with years of love, work, memories and stories that can’t be replaced. That’s why if the worst happens—a total loss—we help you keep your car and still receive your full Guaranteed Value with Cherished Salvage.
Frequently asked questions
What is the difference between agreed value and stated value insurance coverage?
An agreed value policy—the same as a Guaranteed Value policy through Hagerty—guarantees that you will receive the full insured amount of the vehicle (with no depreciation, and including all sales taxes), in the event of a covered total loss.
In contrast, a stated value policy (sometimes called "stated amount" or "maximum limit of liability") gives the insurer the right to pay you either your vehicle's depreciated cash value amount or the cost to replace your vehicle—and they'll choose the lower of the two amounts.
How is classic car insurance different from regular car insurance?
Classic car insurance offers some key benefits compared to daily driver or "regular" insurance.
We understand your car is a prized passion and will be driven with great caution, so premiums through Hagerty are adjusted accordingly—21% lower on average than daily driver insurance. With a daily driver insurance policy, your classic may be rated like a regular-use vehicle, and you'll be charged as if you were driving the vehicle every day.
More commonly known as "agreed value" coverage, it means you tell us the value of your classic and we'll affirm that it's a fair, accurate number. Then, we guarantee that value will be paid to you in the event of a covered total loss. Regular car insurance carriers offer "actual cash value" or "stated value" coverage, which may depreciate the value of your vehicle in the event of a claim, resulting in a smaller payout than you anticipate.
A car policy through Hagerty allows you flexible usage. Even if you have full coverage through a regular car insurance carrier, there may be mileage and usage restrictions to control how and when your classic is driven.
There are several more benefits classic car policy holders enjoy, visit our Compare to Daily Driver Insurance section to see some more on customized car insurance.
* Any deductible and/or salvage value if vehicle is retained by you will be subtracted from the total amount paid. Guaranteed Value includes all taxes and fees unless prohibited by state law.
** Occasional pleasure use does not mean use for daily driving to and from work or school, routine shopping, etc.
*** Figure based upon 2022 consumer data collected by Hagerty on single car quotes, with premiums $5000 and under, from several daily driver (or "everyday") auto insurance carriers.
Membership by Hagerty Drivers Club (HDC), a non-insurance subsidiary of The Hagerty Group, LLC. For additional information and a complete description of benefits, visit hagerty.com/corporate/legal. Purchase of insurance not required for membership in HDC.
Policies underwritten by Essentia Insurance Company. Hagerty determines final risk acceptance. Some coverage not available in all states. This is a general description of coverage. Coverage is subject to policy provisions, exclusions and endorsements.