Benefits of classic car insurance through Hagerty

Guaranteed Value^® coverage for your classic car

In the event of a covered total loss, you receive every cent of your classic car's insured value.* No depreciation. No messing around. No hassle.

Flexible usage

Insuring a classic or collector car through Hagerty allows occasional pleasure use.** You can go for a weekend drive, take your vehicle up to the local ice cream shop or attend unlimited events and cruises.

Expert Claims Handling

Our in-house parts specialists can help you track down replacement LKQ, OEM, or NOS parts—if they're out there, we'll find them. Hagerty maintains an extensive list of resources for hard-to-find parts for collector and classic cars.

You'll save money

Because we specialize in classic and collector car insurance, premiums through Hagerty are up to 21% lower than daily driver insurance.***

Unparalleled service and knowledge

We know collectible and vintage cars, so you deal with real people who understand your car and your needs.

We care about our future

At Hagerty, we believe it is our responsibility to support organizations and initiatives that help make sure the vehicles we love—and the lifestyles that revolve around them—not only survive, but thrive, well into the future. We are dedicated to supporting classic and collector car culture through the Hagerty Drivers Foundation.

Protect your car, even in a total loss

With Hagerty, we know your collector vehicle is filled with years of love, work, memories and stories that can’t be replaced. That’s why if the worst happens—a total loss—we help you keep your classic car and still receive your full Guaranteed Value with Cherished Salvage.

Frequently asked questions

What is the difference between agreed value and stated value insurance coverage?

An agreed value policy—the same as a Guaranteed Value policy through Hagerty—guarantees that you will receive the full insured amount of the vehicle (with no depreciation, and including all sales taxes), in the event of a covered total loss.

In contrast, a stated value policy (sometimes called "stated amount" or "maximum limit of liability") gives the insurer the right to pay you either your vehicle's depreciated cash value amount or the cost to replace your vehicle—and they'll choose the lower of the two amounts.

How is classic car insurance different from regular car insurance?

Classic car insurance offers some key benefits compared to daily driver or "regular" insurance.

Hagerty classic car insurance offers lower premiums

We understand your classic car is a prized possession and will be driven with great caution, so premiums through Hagerty are adjusted accordingly—21% lower on average than daily driver insurance. With a daily driver insurance policy, your classic car may be rated like a regular-use vehicle, and you'll be charged as if you were driving the vehicle every day.

Hagerty classic car insurance provides Guaranteed Value

More commonly known as "agreed value" coverage, it means you tell us the value of your classic and we'll affirm that it's a fair, accurate number. Then, we guarantee that value will be paid to you in the event of a covered total loss. Regular car insurance carriers offer "actual cash value" or "stated value" coverage, which may depreciate the value of your vehicle in the event of a claim, resulting in a smaller payout than you anticipate.

Hagerty classic car insurance offers flexible usage

A car policy through Hagerty allows you flexible usage. Even if you have full coverage through a regular car insurance carrier, there may be mileage and usage restrictions to control how and when your classic is driven.

There are several more benefits classic car policy holders enjoy, visit our Compare to Daily Driver Insurance section to see some more on customized car insurance.