Hagerty Category: Insurance Company Official Site: Hagerty.com Wikipedia: Hagerty (insurance) Address: 121 Rivers Edge Drive, Traverse City, Michigan Description: An insurance company specializing in classic cars. Page Sections: History · Article Index

The following section is an excerpt from Wikipedia's Automotive Industries page on X March 2023, text available via the Creative Commons Attribution-ShareAlike 3.0 Unported License.

Hagerty is an American automotive lifestyle and membership company and the world's largest provider of specialty insurance for classic vehicles. Hagerty is based in Traverse City, Michigan and also operates in Canada, Germany and the United Kingdom.

Hagerty was launched in 1984 by Frank and Louise Hagerty after they could not find good insurance coverage for their wooden boats. The company initially focused on providing coverage for antique boats, and later expanded into cars and other vehicles. 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 Club Magazine.

Hagerty published its first annual Hagerty Price Guide in 2008, a valuation tool that informs classic car buyers on how to best navigate the digital automotive age. Hagerty also originated both the Historic Vehicle Association (HVA) and the RPM Foundation.

In 2017, the company adopted saving driving and preserving automotive culture for future generations as its corporate mission. To support the mission, Hagerty launched Hagerty Drivers Club, offering members access to events, automotive discounts, roadside service and more. In 2017, Hagerty also acquired DriveShare. The company became the owner and organizer of the Greenwich Concours d'Elégance and established MotorsportReg.com and Hagerty Garage + Social in 2019. In 2021 it bought the California Mile, the Concours d’Elegance of America, and the Amelia Island Concours d'Elegance.

In December 2021, Hagerty went public by merging with Aldel Financial, a SPAC, under the symbol HGTY. The merger deal was valued at $3.13 billion.

In January 2023, Hagerty launched Hagerty ECO (Enthusiast Carbon Offset) scheme for classic motorists to offset their carbon emissions. Hagerty partner with a third party to plant trees on your behalf. The scheme quickly came under scruitiny when the third party was found to be taking 20-30% of offset donations to simply pass the funds on to other charities. There are also no calculations provided as to how they achieve their CO2 or 'Trees' figures.

Date	Article	Details
13 January 2023	The Henry Ford to showcase 1966 Volkswagen Micro Bus as part of the Hagerty Drivers Foundation's National Historic Vehicle Register On January 14, the next vehicle to be featured is a 1966 Volkswagen Deluxe Station Wagon “Micro Bus,” the primary means of transportation for a couple at the forefront of the Civil Rights Movement in South Carolina.	Press Release ( PDF) Publisher: The Henry Ford via PRWeb Byline: Wendy Metros Dateline: Dearborn, Michigan Topics: Volkswagen Type 2, Hagerty