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A commonly required liability insurance is $25,000/$50,000/$25,000. Here's how it breaks down: $25,000/$50,000 for personal injury (PI) liability.
Classic car insurer Hagerty Inc. is out with its highly watched Bull Market List for 2025, outlining the enthusiast vehicles the insurer thinks are undervalued and could appreciate in the near to ...
Hagerty was launched in 1984 by Frank and Louise Hagerty after they could not find good insurance coverage for their wooden boats. The company initially focused on providing coverage for antique boats, and later expanded into cars and other vehicles. [6] In 1991, the company added coverage for classic cars. [7]
It's generally cheaper to insure a used vehicle. Read on to find out how to lower your insurance costs, no matter what you drive.
This coverage, however, cannot apply to rental cars because the insurance company does not want to assume responsibility for a claim greater than the value of the insured's vehicle, assuming that a rental car may be worth more than the insured's vehicle. Most rental car companies offer insurance to cover damage to the rental vehicle.
That same year, Hagerty finished a three-year restoration of his first car with his father – a 1967 Porsche 911S. [4] Hagerty started the restoration at the age of 13 with $500 in lawn mowing money that he had saved. [5] At the age of 18, Hagerty earned his insurance license and was selling marine craft policies. [6]