Another idyllic July unfolded in Northern California. The skies were clear, and the captivating scent of pines, firs, and laurels floated on the breeze. Daniel’s senses always heightened during his drive through Mendocino National Forest, where everything streamed into the cabin of his Ford Model A. The powerful inline-four playing its tune, the vibrations resonating through the cold steel of the steering wheel—this was Daniel’s slice of paradise. On July 27, 2018, a wildfire ignited. That was a regular occurrence here. However, the flames overwhelmed the emergency response teams. By the end of the year, nearly two million acres had been charred from over 7,900 separate fires. The state identified it as “the deadliest and most devastating wildfire season on record.” Daniel had no choice but to label his Model A as a total loss.
When it comes to typical car insurance policies provided by mainstream firms, the replacement value often aligns with third-party book values utilized by car dealerships, manufacturers, banks, and municipalities. However, what is deemed acceptable for a decade-old Honda Accord with 120,000 miles bears no relevance to a collector vehicle, much less a mint pre-war American car that couldn’t be serviced at the local Ford dealership. Collectors like Daniel entirely bypass those insurance agencies, and rightly so. We consulted a genuine Hagerty customer and a Hagerty Licensed Sales Agent to gain insights into the product. Car insurance is intricate and differs greatly from individual to individual and locale to locale, so when it comes time to select your policy, engage directly with an insurance firm or seek guidance from a licensed agent yourself.
“I have been with Hagerty for multiple years,” Daniel recounted. “They managed my recent claim for the complete loss of my cherished Model A in the recent Northern California wildfires. They were undoubtedly the simplest insurance company to work with,” he stated.
Hagerty is fundamentally distinct. Rather than depending on depreciated values for standard vehicles, Hagerty’s Guaranteed Value coverage allowed Daniel to establish the worth of his Model A before calamity struck. He received full compensation, not a cent less, without any additional complications. Every Hagerty policy operates this way. This is car insurance that safeguards your vehicle for its true worth.
Not every vehicle needs to be a high-end classic to qualify. Consider the 1975 International Scout owned by The Drive‘s Executive Editor Andrew Collins, who acknowledges it’s on the “rougher end of a rolling restoration.” It’s not original—due to previous owners and his own modifications, it now features a four-inch lift, aftermarket bumpers and wheels, custom exhaust, and some distinctive paint choices. To complicate valuation further, he never actually purchased it; the “purchase price” was a direct trade for a battered old Toyota Tundra.
“I was on the lowest insurance package with one of the large carriers,” Collins shared. The catch is—mainstream insurers aren’t designed to cater to unique vehicles like this. They’ll simply opt to issue the smallest and quickest check possible. Conversely, Hagerty is equipped to accurately document non-standard classics and ensure that owners are made whole again should the worst occur.
With a blend of expert agents on staff and extensive records on classic car values—Hagerty Valuation Tools are the benchmark for antique car value data—Hagerty is poised to underwrite vehicles like this that don’t fit neatly into defined categories.
In a recent call regarding this Scout with Hagerty, Manager Max Hansen detailed how the insurer gets even more precise with the valuation of a modified vehicle:
“If something were to occur resulting in damage to the vehicle, you’d be able to obtain that same aftermarket bumper, not an OEM one. You’d get that suspension replaced as-is, rather than just being swapped with stock parts if your suspension failed. Certain modifications, such as engine changes that boost your horsepower, and suspension upgrades are key factors … as we progress, once we classify it as ‘mod,’ you’re no longer constrained to strict value recommendations. It enables us to incorporate those values into what your vehicle should be. You don’t want to find yourself overinsured because it results in higher costs, but we want to ensure you’re not underinsured either.”
As a specialist in classic cars for decades, Hagerty possesses unmatched market data for its accuracy and trim-specific coverage. Hagerty Valuation Tools are integral to every policy. The agreed price is merely part of the comprehensive research that fuels Guaranteed Value coverage. The Hagerty Price Guide, established in 2006, tracks three primary data sources. Given that most classic cars trade hands privately, Hagerty Price Guide analysts closely monitor sales prices through the firm’s insurance data. Auction prices are a smaller but visible segment of the market, and Hagerty frequently dispatches specialists to inspect auction vehicles in person to thoroughly understand their real-world conditions and configurations. Furthermore, Hagerty utilizes a vast network of dependable dealers to gather detailed sales data for this segment of the market.
Using this data, Hagerty assesses each vehicle, down to the precise trim level, according to four condition ratings. The highest is Concours, denoting zero flaws. These are the cars that are even more flawless than when they were new and command the utmost values. The second tier is Excellent, qualifying as award-winning for a local or regional show, or even a previously Concours-rated vehicle that has slightly worn or aged. The third level is Good. These vehicles operate well and feature only minor cosmetic imperfections that most casual car observers wouldn’t immediately note. A car classified as Fair has more pronounced physical imperfections such as chipped paint, a worn interior, or other visible issues. Just as each collector contributes a unique perspective to the car community, so do their cars.
Luckily, not all classic car incidents result in a vehicle being totaled like Daniel’s Model A—but sourcing hard-to-find parts can make repair tasks a significant challenge for conventional high-volume insurers and repair shops. Hagerty recognizes this and has the framework in place to assist in fixing cars that mass-market insurance firms may shy away from. Beyond Guaranteed Value, Hagerty customers can expect authentic parts and a service experience that gets the job done correctly the first time. The most surprising aspect? Hagerty can elevate your Guaranteed Value over time, based on the restorations and repairs you undertake along the way–no validation needed. This is due to Hagerty claims experts being car aficionados who don’t rely on call-center scripts. They go the extra mile to locate rare and difficult-to-find parts to restore your vehicle to its pre-accident state, whether they are original, custom-made, or entirely fabricated. This is just one of the advantages of opting for insurance designed specifically for drivers.
The perks continue when enrolling in the Hagerty Drivers Club, which provides even more valuable services at a low yearly fee. Members can create unlimited listings on the Hagerty Marketplace and search for an unrestricted number of vehicles found in the Hagerty Valuation Tools database. The esteemed Chilton library of automotive manuals, diagrams, and educational materials is available as part of the package. Roadside assistance, including up to 100 miles of towing with guaranteed flatbed service and soft nylon straps, is always at hand. VIP discounts and pre-registration are available for Hagerty events such as the Amelia Concours, Greenwich Concours d’Elegance, and RADwood. Lastly, members receive printed issues of the Drivers Club magazine, curated and produced by professional automotive journalists.
No one looks forward to contacting an insurance company. However, when your treasured vehicle requires the expertise it deserves, Hagerty is always prepared to help you return to the road.
**Hagerty: The Preferred Insurance Choice for Classic Car Collectors**
When insuring classic vehicles, collectors and enthusiasts frequently opt for Hagerty, a company recognized as a leader in the specialty insurance realm. Established in 1984, Hagerty is committed to offering customized insurance solutions for classic cars, vintage vehicles, and collector automobiles. This article delves into why Hagerty is the favored insurance provider for classic car collectors.
**Understanding Classic Car Insurance Needs**
Owners of classic cars have distinct insurance requirements that vary significantly from those of typical vehicle owners. Traditional auto insurance policies may not sufficiently cover the value of classic cars, which often appreciate in value over time. Classic car collectors typically search for policies that acknowledge their investment in these vehicles, guaranteeing their complete protection in the case of damage, theft, or loss.
**Hagerty’s Specialized Coverage Options**
Hagerty presents a range of specialized coverage options crafted to suit the unique needs of classic car collectors:
1. **Agreed Value Coverage**: A notable feature of Hagerty’s policies is the agreed value coverage. This allows both the insured and Hagerty to concur on the vehicle’s value at the policy’s inception. In the event of a total loss, collectors obtain the agreed amount without depreciation, ensuring fair compensation.
2. **Flexible Usage Options**: Numerous classic car owners utilize their vehicles for a variety of purposes, such as shows, parades, and leisurely drives. Hagerty offers flexible usage options, enabling collectors to insure their cars for limited mileage or occasional use, potentially resulting in lower premiums.
3. **Roadside Assistance**: Understanding that classic vehicles may need special care while on the road, Hagerty’s policies generally include roadside assistance tailored for classic cars, providing collectors with support during breakdowns or emergencies.
4. **Coverage for Restoration Projects**: Many collectors invest time and money into restoration projects. Hagerty provides coverage for vehicles undergoing restoration, safeguarding the investment throughout the process.
5. **Collector Car Events and Shows**: Hagerty plays a significant role in sponsoring and participating in various car shows and events, giving collectors opportunities to display their vehicles. Their policies often extend coverage for cars while displayed at such events.
**Expertise and Community Engagement**
Hagerty’s proficiency in the classic car market is unmatched. The company boasts a team of specialists who comprehend the complexities of classic car valuation, restoration, and maintenance. This expertise enables Hagerty to deliver personalized service and guidance to collectors.
Additionally, Hagerty nurtures a vibrant community among classic car aficionados. Through their online platforms, events, and publications, they connect collectors, share stories, and foster a love for classic cars. This community involvement enriches the overall experience for policyholders, making them feel part of a larger circle of enthusiasts.
**Claims Process and Customer Service**
In the unfortunate event of a claim, Hagerty ensures that the claims process is straightforward and efficient. Their dedicated claims team recognizes the emotional and financial significance collectors attach to their vehicles. They diligently ensure that claims are resolved swiftly and equitably, granting peace of mind to policyholders.
Hagerty’s dedication to customer service is apparent in their high satisfaction ratings. Collectors value the personalized attention and expertise they receive, solidifying Hagerty’s reputation as a trusted partner in the safeguarding of their investments.
**Conclusion**
For classic car collectors, selecting the right insurance provider is vital for protecting their prized assets. Hagerty distinguishes itself as the preferred choice through its specialized coverage options, expert knowledge, community engagement, and commitment to outstanding customer service. With Hagerty, collectors can immerse themselves in their passion for classic cars, confident that their investments are securely protected.