Hagerty, Inc. HGTY

HGTY Company Overview

Hagerty, Inc. is a U.S.-based specialty insurance and automotive lifestyle company focused primarily on classic, collector, enthusiast, and specialty vehicles. The company operates in the broader insurance, automotive services, and membership-based enthusiast markets. Hagerty’s core business centers on underwriting and administering insurance products tailored for collectible automobiles, motorcycles, boats, and modified vehicles, while also expanding into automotive media, valuation data, vehicle auctions, and membership services for automotive enthusiasts.

The company generates revenue primarily through commissions and underwriting-related income from its specialty insurance programs, membership subscriptions through the Hagerty Drivers Club, automotive marketplace activities, and media-related operations. Hagerty has positioned itself as a brand-oriented enthusiast platform rather than solely an insurance provider, leveraging long-standing relationships within the collector car community and proprietary vehicle valuation data. Founded in 1984 by Frank and Louise Hagerty in Michigan, the company evolved from a niche classic boat insurance provider into a diversified automotive enthusiast ecosystem. Hagerty became publicly traded in 2021 through a merger with a special purpose acquisition company.