Hagerty Insurance · Traverse City, MI United States
Company Description
Phone: 231-947-6868
Fax: 231-941-8227
Toll Free: 800-922-4050
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This link will open in a new window If your sweet ride is a 1969 Dodge Charger or a 1963 Aston Martin, Hagerty Insurance will help protect it (and help calm your nerves, to boot). The specialty agency is the largest provider of insurance for classic and vintage cars and boats in the US; it is licensed in all states but Hawaii. The company also hosts Hagerty Plus, a network of car collectors and the sponsor of the not-for-profit Collectors Foundation. Its policies are underwritten by OneBeacon Insurance Group and Encompass Insurance . Family-owned Hagerty Insurance was founded as a general auto insurance provider but has targeted car enthusiasts since 1991. To read the full description, subscribe now.
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Key Hagerty Insurance Financials
| Company Type | Private Single Location |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $2.4 |
| Employees | 27 |
Hagerty Insurance Executives
5 executives listed for Hagerty Insurance's Traverse City, MI location.
| Title | Name & Bio | Contact |
| CEO | McKeel Hagerty | Network |
| President | Megan Madion | Network |
| Public Relations Director | Nancy Flowers | Network |
Competition
Competitive Landscape for Hagerty Insurance
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top Hagerty Insurance Competitors
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