Hagerty Classic Car Insurance - A Review of Their Benefits and Restrictions

Classic car insurance from a specialty insurancesafety equipment coverage. Hagerty also has a car
company has a lot of advantages for those of usclub liability program.
who own and drive a muscle car, antique car, orThe optional Hagerty Plus program offers even more
other collectible or special interest vehicle. Thesebenefits for its members, including emergency
policies offer much better coverage for less moneyroadside assistance and flatbed towing coverage, a
than a standard auto insurance policy. There is a lotsubscription to the Hagerty magazine, and access to
to consider, though, when comparing classic carthe "Ask Hagerty" concierge service. They are active
insurance companies. Each company has its ownadvocates on legislative issues related to the collector
advantages and disadvantages, and it is importantcar hobby, and a portion of the membership fees go
that you find the insurance company that offers theto support The Collectors Foundation, which provides
best fit for your situation.scholarships and grants to organizations working to
Hagerty Classic Car Insurance has been offeringpreserve the hobby through education and other
specialty collector vehicle insurance since 1991, and isavenues.
one of the largest and most well-known collector carHagerty does have some restrictions, though, on
insurance companies. They are car collectorswho and what qualifies for their insurance. Drivers
themselves, so they understand the insurance needswith more than one or two minor traffic violations or
of other classic car owners. Their policies offer:accidents in the past 3-6 years may not qualify. The
- Agreed Value coverage - you receive the fullvehicle must be used on a limited basis, going to
insured amount in the event of a total lossautomotive-related events or an occasional pleasure
- A wide range of deductibles, from $0 and updrive. If you drive your classic car very often or very
- Single liability charge, which saves you money onfar, you might be better off considering a different
the premium if you have more than one classicspecialty insurance company that doesn't place limits
vehicle insuredon how much you drive your car. Like most other
- In-house claims management - most claims arecompanies, your vehicle must be stored in a fully
handled at Hagerty by a collector car insuranceenclosed and locked garage when not in use. And like
expert, seven days a week from April throughmost other collector car insurance companies, you
Octobermust have a "daily driver" that is insured in your
- Repair shop of your choice - you get to choose thename in addition to your classic car.
shop you want to handle any repairsInsurance policies are available for most antique and
- Instant new purchase coverage - a new addition toclassic cars, street rods, muscle cars, military vehicles,
your collection is automatically covered up to $50,000antique fire trucks, tractors, motorcycles, and some
- Car show medical reimbursement - clients and theirreplica cars. However, Hagerty does not offer
family members get pre-determined medicalinsurance for Cobra replicas, off-road vehicles, many
coverage if they are injured at a car showPro-Street cars, any vehicle equipped with nitrous,
Hagerty Classic Car Insurance also offers specialdune buggies, commercial vehicles, or motorcycles
policies for coverage during an active restoration, forthat are modified for performance. They do offer
business-use endorsement, coverage during overseaspolicies for some of the "late model classics", exotic,
shipping, and foreign liability and property damage ifspecial interest, or limited production vehicles, as long
you take your car to an event overseas. You canas they are being treated as a collectible and are
get additional coverage for your automotive toolsdriven on a limited basis.
and memorabilia, spare parts, and even motorcycle