Specialty Vehicle Insurance
Are you a collector of cars, own an older car that is seldomly driven or have an exotic car sitting in your garage? This may concern you!
You may have heard the name. Perhaps have seen them on your television. Maybe you came across a clip scrolling through reels.
Hagerty Insurance Company.
This company is all about cars (plus a little bit about Boats and Tractors as well!). They have a Television Network. They have a YouTube channel. They have a magazine. They are an insurance company that protects more than just piece of mind - they protect the value of classic cars, high value sports cars, antique cars and tractors, retired commercial vehicles and more.
Classic cars — typically cherished for their history and timeless design — connect owners to a specific era, preserving craftsmanship and automotive heritage that can seemingly no longer be replicated, thanks to the modernization of today’s daily driver. Many owners see themselves as custodians of these vehicles, maintaining and restoring them as rolling pieces of art and history.
Exotic cars, on the other hand, represent the pinnacle of modern engineering, performance, and exclusivity. Their rarity, cutting-edge technology, and striking aesthetics make them symbols of achievement and personal success. Together, both classic and exotic cars provide their owners with a sense of pride, identity, and passion, often becoming treasured investments and deeply personal expressions of taste and lifestyle.
Then there are muscle, which hold a unique and deeply personal value for their owners, blending raw performance with individual expression. Rooted in the golden age of American horsepower, these vehicles are often rebuilt, modified, and fine-tuned to reflect the owner’s vision, making each one a one-of-a-kind creation. Beyond their powerful engines and aggressive styling, custom muscle cars represent countless hours of craftsmanship, passion, and mechanical skill.
Great - we have covered some of what Hagerty covers, but lets take a closer look.
Below are a few examples of today’s market rates for three specific vehicles:
1920 Ford Model T Base
This vehicle in “Good Condition” has an approximate value of $16,500, and in Excellent Condition, that approximate value increases to $29,700. If this vehicle looks as good or better than how it came off the line — that approximate value could be $41,400!
2018 Ferrari 488 GTB
This vehicle in “Good Condition” has an approximate value of $395,000, and in Excellent Condition, that approximate value increases to $425,000. If this vehicle looks as good or better than how it came off the line — that approximate value could be $468,000!
1970 Ford Mustang Boss 302
This vehicle in “Good Condition” has an approximate value of $90,200, and in Excellent Condition, that approximate value increases to $136,000. If this vehicle looks as good or better than how it came off the line — that approximate value could be $188,000!
These are only a few examples of the vehicles, and even these are a bit on the more extreme side.
Got a 1997 Chevy pick-up? Hagerty.
How about a 2001 Honda Prelude? Hagerty!
A 1984 BMW 325i? I think you’re catching the theme here.
Okay, so we have talked about the vehicles, but now you’re probably asking about WHY you should consider Hagerty. Here are some reasons we think your ride needs a Hagerty policy:
Guaranteed Value with Hagerty
You determine your classic car’s value (using the purchase price or appraised value), and it is agreed on upfront. Your vehicle stays protected year-round, and if it’s declared a total loss, you receive the full agreed amount — no surprises or hassle.
Standard Insurance vs. Hagerty Insurance
With standard insurers, the company typically decides your car’s value, leaving you with little input. In the event of a total loss, the payout may fall short of what you need to replace your vehicle. Some providers also offer seasonal coverage, requiring you to adjust your policy twice a year — potentially leaving gaps in protection.
Claims handled by collector car specialists
When repairs are needed, we use high-quality parts suited to your vehicle and the damage, including OEM parts when available, NOS, or custom components when appropriate and available.
Cherished Salvage coverage
If your vehicle is declared a covered total loss, you can keep it and still receive its full Guaranteed Value. Hagerty understands the deep personal value behind your collector car, so if the worst happens, we make sure you’re paid in full without giving up what matters most. This means that a vehicle passed down from your great-grandfather can be kept in the family for its sentimental value, regardless if it is written off.
This only begins to highlight the range of coverage options and benefits Hagerty Insurance provides. If you own a vehicle like the ones we’ve discussed—or even something that falls somewhere in between, not quite fitting a specific category but also not used as an everyday driver—this type of coverage could be an excellent fit for you.
We can provide a quote in about five minutes, with coverage starting in as little as 20 minutes. Give us a call today!