Hagerty, Inc. HGTY

HGTY Company Overview

Hagerty, Inc. is a U.S.-based specialty automotive lifestyle and insurance services company focused primarily on classic, collectible, enthusiast, and specialty vehicles. The company operates within the insurance, automotive membership, media, and vehicle auction industries, with its core business centered on underwriting and administering insurance products tailored for collector vehicle owners. Hagerty generates revenue through insurance program and commission income, membership services, automotive events, digital media, and vehicle marketplace activities.

The company’s primary business lines include collector vehicle insurance, roadside assistance and membership programs through the Hagerty Drivers Club, valuation tools and market data services, automotive media content, and enthusiast-focused vehicle auctions. Hagerty serves individual collectors, automotive enthusiasts, and high-net-worth consumers, while also maintaining relationships with insurance carriers and automotive partners. Founded in 1984 by Frank and Louise Hagerty in Michigan, the company originally specialized in wooden boat insurance before expanding into collector automobiles. Over time, Hagerty evolved into a broader automotive enthusiast platform combining insurance, media, events, and digital marketplace services, including its public listing through a merger with Aldel Financial in 2021.