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Hagerty, Inc. is an American automotive lifestyle [1] and membership company, [2] as well as the world's largest provider of specialty insurance for classic vehicles. [3] [4] Hagerty is based in Traverse City, Michigan and also operates in Canada, Germany and the United Kingdom. [5]
In 1984, Hagerty's parents, Frank and Louise Hagerty, started Hagerty Insurance Agency in Traverse City, Michigan, with a focus on collector wooden boats. [3] That same year, Hagerty finished a three-year restoration of his first car with his father – a 1967 Porsche 911S. [4]
In 1991, the company added coverage for classic cars. In 2000, McKeel Hagerty, son of Frank and Louise, became CEO. Under McKeel Hagerty’s guidance, the company developed an automotive media arm by launching Hagerty magazine (ISSN 2162-8033), covering the classic and enthusiast vehicle market. In 2020, the magazine was renamed Hagerty Drivers ...
The term "Malaise Era" was coined in a 2008 review of the 1977 Ford Granada, a common car at the time with many of the era's design and performance hallmarks.. In automotive history, the Malaise Era refers to a period from roughly the early 1970s to the early- to mid-1980s, characterized by malaise—poor products and a generalized industry unease [1] —and profound adjustment as the United ...
The festival is the idea of Hagerty Insurance, who "wanted to raise the profile of vehicles which are not seen at Pebble Beach, Hampton Court, Goodwood or other such prestigious Concours events [...] ordinary cars to whom a large majority of people can truly relate; the first car you drove, your parent’s car or simply the car you admired on your neighbour’s drive". [3]
A classic car is typically an automobile 25 years or older; however, definitions vary. [ note 1] A common theme is that of an older car of historical interest is collectible and tends to be restored rather than scrapped, though sometimes age is not a factor. Classic cars are often considered a subset of a broader category of "collector cars ...
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
Motor vehicle insurance costs, though, continued to soar. The category rose 1.8% in April on a monthly basis and was up 22.6% from a year ago, the largest annual increase since 1979, according to ...