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Hagerty, Inc. is an American automotive lifestyle [1] and membership company, [2] as well as the world's largest provider of specialty insurance for classic vehicles. [ 3 ] [ 4 ] Hagerty is based in Traverse City, Michigan and also operates in Canada, Germany and the United Kingdom.
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In 1995, Hagerty led the company as its vice president of marketing. [11] In 2000, Hagerty became the Co-CEO of Hagerty Insurance Agency and sole CEO in 2012. He was first among classic car insurers to embrace the internet for online quoting and policy management. [ 12 ]
Hagerty's net income for the year is expected to rise as much as 163% compared to a year ago, with the company citing new business in its insurance and car marketplace divisions and cost-cutting ...
Auto insurance costs are up more than 22% since this time last year. It may be time to take that defensive driving course and bank the discount. Car insurance rates are nuts right now.
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Telematic usage-based insurance (i.e. the latter two types, in which vehicle information is automatically transmitted to the system) provides a much more immediate feedback loop to the driver, [1] by changing the cost of insurance dynamically with a change of risk. This means drivers have a stronger incentive to adopt safer practices.