Hagerty, Inc. Overview
Pro stress-test →Hagerty, Inc. provides insurance services for collector cars and enthusiast vehicles, engaging in the underwriting, selling, and servicing collector car and enthusiast vehicle insurance policies. The company makes it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world's largest community of car lovers.
Strategic Profile
Pro stress-test →Hagerty combines passion-driven brand loyalty with data-driven insurance, achieving 18% Q3 2025 revenue growth to $368.7M, with its dual-engine model spanning specialty insurance and a booming $12B classic car marketplace, with 327% year-over-year marketplace revenue surge. A new fronting arrangement effective January 1, 2026, will grant Hagerty control of 100% of the premium, eliminating third-party fees and boosting profitability.
Competitive Landscape
Pro stress-test →Hagerty's competitive landscape includes entities like Auto Insurance Specialists, Plymouth Rock Assurance, and CSAA Insurance Group. The company differentiates through its integrated lifestyle brand combining specialty insurance, marketplace auctions via Broad Arrow, media, and the Hagerty Drivers Club community, competing primarily in the niche collector/enthusiast vehicle insurance and auction segments rather than traditional broad-market insurers.
Industry Context
Hagerty, Inc. operates in Specialty Insurance & Automotive Lifestyle.
Key facts
Founded: 1984 · Headquarters: Traverse City, US · Employees: 1,000-5,000 · Revenue: $1.36B · Market cap: $4.3B