McKeel Hagerty isn’t your average insurance CEO: he’s a petrolhead with a passion for collectable cars and a knack for innovation.
From Boats to Cars
The son of a boat insurance founder, Hagerty transformed the family business into Hagerty Insurance, a company that now specializes in car insurance for enthusiast owners. His vision was to create a business that catered to the unique needs of car collectors and enthusiasts, moving away from the more traditional focus on boat insurance.
Hagerty’s driver-forward approach emphasizes the relationship between the driver and the vehicle, rather than just the car itself. This mindset has helped Hagerty Insurance stand out in a crowded market, and its popularity has led to the growth of the company’s collector car insurance segment.
A Love Affair with Cars
As a passionate car enthusiast, Hagerty’s love of collectable cars has been a driving force behind the company’s success. His own first car, a Plymouth Road Runner, is still cherished to this day. Hagerty’s enthusiasm has allowed him to build connections within the car community, fostering a deep understanding of the needs and desires of collector car owners.
Hagerty’s company has become synonymous with the car enthusiast lifestyle. Their 500,000+ member strong community is a testament to the company’s dedication to serving the unique needs of these owners.
The Future of Collector Car Insurance
As the market for collectable cars continues to grow, Hagerty Insurance is well-positioned to capitalize on this trend. With a strong focus on driver-forward insurance, the company is poised to meet the evolving needs of car enthusiasts and collectors alike.
What this means for you: Hagerty’s transformation of his family business into a driver-forward car insurance company highlights the potential for innovation and growth in the insurance industry. As the market for collectable cars continues to expand, companies like Hagerty are well-positioned to meet the changing needs of car enthusiasts and collectors, offering a unique and customer-centric approach to insurance.
